GST Rate HSN Code for Cork and Articles of Cork - Chapter 45

Cork is a versatile and eco-friendly commodity that is widely used in various industries. It has a unique set of GST rates and HSN codes that determine the tax structure for cork and its products. In this article, we will delve into the various aspects of the GST rates and HSN codes for cork and articles of cork.

GST Rate for Cork and Articles of Cork

The GST rate for cork and articles of cork is 12%. This rate is applicable for all kinds of cork products such as cork sheets, cork stoppers, and cork barks. The GST rate for cork and articles of cork is categorized under chapter 45 of the Harmonized System of Nomenclature (HSN) Code.

HSN Code for Cork and Articles of Cork

The HSN Code for cork and articles of cork is 4501. This code is applicable for cork and articles of cork, including waste and scrap. The HSN Code 4501 is further divided into sub-headings based on the nature of cork and its products. Let’s take a look at the sub-headings of the HSN code for cork and articles of cork.Sub-Headings of HSN Code for Cork and Articles of Cork

The HSN Code 4501 is further classified into the following sub-headings, based on the nature of cork and its products:

1. 4501 10 00 - Natural cork, raw or simply prepared

2. 4501 20 00 - Waste cork, crushed, granulated or ground cork

3. 4501 90 00 - Other cork and articles of cork

The sub-heading 4501 10 00 is applicable for natural cork that is either raw or simply prepared, without any further processing. The sub-heading 4501 20 00 is applicable for waste cork, which is crushed, granulated or ground cork. The sub-heading 4501 90 00 is applicable for all other kinds of cork and articles of cork.

HSN Code for Specific Cork Products

Apart from the general HSN code for cork and articles of cork, there are specific HSN codes for certain cork products.

Let’s take a look at some of the specific HSN codes for cork products

1. 4503 90 90 - Cork stoppers, caps, and other closure articles

2. 4504 90 90 - Agglomerated cork (with or without a binding substance) in blocks, plates, sheets, or strips

3. 4506 90 90 - Articles of natural cork such as cork tiles, flooring, and wall tiles

4. 6812 91 90 - Fabricated cork products such as cork sheets, rolls, and strips

Conclusion

In conclusion, the GST rate and HSN code for cork and articles of cork are essential elements that determine the tax structure for cork products. It is essential for business owners and startup founders dealing with cork and its products to have a thorough understanding of the GST rate and HSN code for cork and articles of cork. We hope this article has provided you with valuable insights into the various aspects of the GST rate and HSN code for cork and articles of cork.