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HSN Code - 8542 : ELECTRONIC INTEGRATED CIRCUITS

HSN CODE Description Policy
8542ELECTRONIC INTEGRATED CIRCUITS
854231Electronic integrated circuits
85423100MONOLITHIC INTEGRATED CIRCUITS - DIGITALFree
854232Electronic integrated circuits
85423200MEMORIESFree
854233Electronic integrated circuits
85423300AMPLIFIERSFree
854239Electronic integrated circuits
85423900OTHERFree
854290Electronic integrated circuits
85429000PARTS OF ELECTRONIC INTGRTD CIRCTS AND MICRO ASSMBLIESFree

Harmonised System of Nomenclature (HSN Codes) 8542 are used for the ELECTRONIC INTEGRATED CIRCUITS 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.

FAQs on HSN Code 8542

What is HSN Code 8542 used for?

HSN Code 8542 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 8542 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 8542?

The GST rate for HSN Code 8542 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 8542?

The import or export policy for HSN Code 8542 depends on DGFT and trade policy notifications. Businesses should verify the latest policy before cross-border trade.

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.