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HSN Code - 38123090 : Anti-oxidising preparations and other compound stabilisers for rubber or plastics (Other)
| HSN CODE | Description | Policy |
|---|---|---|
| 3812 | PREPARED RUBBER ACCELERATORS; COMPOUND PLASTICISERS FOR RUBBER OR PLASTICS, NOT ELSEWHERE SPECIFIED OR INCLUDED; ANTI-OXIDISING PREPARATIONS AND OTHER COMPOUND STABILISERS FOR RUBBER OR PLASTICS | |
| 381230 | Anti-oxidising preparations and other compound stabilisers for rubber or plastics | |
| 38123090 | Other | Free |
Harmonised System of Nomenclature (HSN Codes) 38123090 are used for the PREPARED RUBBER ACCELERATORS; COMPOUND PLASTICISERS FOR RUBBER OR PLASTICS, NOT ELSEWHERE SPECIFIED OR INCLUDED; ANTI-OXIDISING PREPARATIONS AND OTHER COMPOUND STABILISERS FOR RUBBER OR PLASTICS Other 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 38123090
First two digits (38) represent the chapter number which is Chapter 38 - Miscellaneous chemical products.
Next two digits (12) represent the heading number which is PREPARED RUBBER ACCELERATORS; COMPOUND PLASTICISERS FOR RUBBER OR PLASTICS, NOT ELSEWHERE SPECIFIED OR INCLUDED; ANTI-OXIDISING PREPARATIONS AND OTHER COMPOUND STABILISERS FOR RUBBER OR PLASTICS
Next two digits (30) represent the product code which is Anti-oxidising preparations and other compound stabilisers for rubber or plastics
Last two digits (90) are for final or deeper classification which is Other
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.
FAQs on HSN Code 38123090
What is HSN Code 38123090 used for?
HSN Code 38123090 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 38123090 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 38123090?
The GST rate for HSN Code 38123090 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 38123090?
As per current trade policy, HSN Code 38123090 falls under "Free" category. Import or export may be subject to specific conditions or approvals.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.