GST Rates HSN Code for Machinery For Working Rubber

India is one of the largest consumers of rubber in the world, and as a result, the demand for machinery for working rubber is on the rise. In this article, we will discuss the GST rates and HSN code for machinery for working rubber.

GST Rates for Machinery For Working Rubber

The GST rate for machinery for working rubber is 18%. This rate applies to all machinery specifically designed for the purpose of working rubber, such as:

Calendering or other rolling machines
Extruders and extrusion lines
Mixing or kneading machines
Machines for molding articles in metal powder, rubber or plastic
Machines for mixing mineral substances with bitumen
Machines for coating paper or textiles with rubber
Other machinery for working rubber or plastics

It is essential to note that the GST rate for machinery for working rubber is the same for all types of machinery that are specifically designed for the purpose of working rubber.

HSN Code for Machinery For Working Rubber

The HSN code for machinery for working rubber is 8477. This code is part of Chapter 84, which covers nuclear reactors, boilers, machinery and mechanical appliances. The HSN code 8477 specifies machinery for working rubber or plastics, including:

Injection-molding machines
Extruders and extrusion lines
Blow-molding machines
Compression-molding machines
Machines for making footwear, other than sewing machines
Machines for making or repairing pneumatic tires or inner tubes

It is essential to note that the HSN code 8477 also includes parts and accessories for machinery for working rubber or plastics.

Conclusion

In conclusion, the GST rate for machinery for working rubber is 18%, and the HSN code for machinery for working rubber is 8477. These rates and codes apply to all machinery specifically designed for the purpose of working rubber, including injection-molding machines, extruders, and extrusion lines, blow-molding machines, and compression-molding machines.