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HSN CODE - 97040020 : USED OR UNUSED FIRST-DAY COVERS FOR PHILAT
HSN CODE | Description | Policy |
---|---|---|
9704 | POSTAGE OR REVENUE STAMPS, STAMP-POST MARKS, FIRST-DAY COVERS, POSTAL STATIONERY (STAMPED PAPER), AND THE LIKE, USED OR UNUSED, OTHER THAN THOSE OF HEADING 4907 | |
970400 | Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 | |
97040020 | USED OR UNUSED FIRST-DAY COVERS FOR PHILAT | Free |
Harmonised System of Nomenclature (HSN Codes) 97040020 are used for the USED OR UNUSED FIRST-DAY COVERS FOR PHILAT products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 97040020
First two digits (97) represent the chapter number which is Chapter 97 - Works of art, collectors’ pieces and antiques
Next two digits (04) represent the heading number which is POSTAGE OR REVENUE STAMPS, STAMP-POST MARKS, FIRST-DAY COVERS, POSTAL STATIONERY (STAMPED PAPER), AND THE LIKE, USED OR UNUSED, OTHER THAN THOSE OF HEADING 4907
Next two digits (00) represent the product code which is Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907
Last two digits (20) are for final or deeper classification which is USED OR UNUSED FIRST-DAY COVERS FOR PHILAT
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.