GST Rates and HSN Code for Molybdenum (HSN Code 8102)

Molybdenum is a silvery-white metal that is commonly used in the production of alloys. It has a high melting point and is corrosion-resistant, making it suitable for use in a variety of applications. In this article, we will discuss the GST rates and HSN code for molybdenum.

GST Rates for Molybdenum

Under the GST regime, molybdenum is classified under Chapter 81 of the HSN code. The GST rate for molybdenum varies depending on the form in which it is supplied. The following are the GST rates for molybdenum:

1. Molybdenum ore and concentrates - 5%

2. Molybdenum oxide and hydroxide - 18%

3. Molybdenum waste and scrap - 18%

Thus, if molybdenum is supplied in the form of ore or concentrates, the GST rate applicable is 5%. However, if it is supplied in the form of oxide or hydroxide, or as waste or scrap, the GST rate applicable is 18%.

HSN Code for Molybdenum

The HSN code for molybdenum is 8102. Under the HSN code system, all goods are classified under different HSN codes based on their nature and use. The HSN code for molybdenum is used to determine the GST rate applicable on it.

It is important to note that HSN codes are used to classify goods for taxation purposes only. The classification of goods under HSN codes is based on their nature, composition, and use. Hence, it is essential to correctly classify goods under the appropriate HSN code to ensure compliance with GST regulations.

Conclusion

In conclusion, molybdenum is a metal that is widely used in the production of alloys. Its GST rates and HSN code are determined by the form in which it is supplied. If it is supplied in the form of ore or concentrates, the applicable GST rate is 5%. However, if it is supplied in the form of oxide or hydroxide, or as waste or scrap, the applicable GST rate is 18%. The HSN code for molybdenum is 8102, and it is important to correctly classify goods under the appropriate HSN code to ensure compliance with GST regulations.