HSN Code 408: A Comprehensive Guide for Birds' Eggs and Egg Yolks

In the intricate world of international trade, proper product classification is essential for seamless customs clearance, accurate statistical analysis, and fair tax administration. The Harmonized System (HS) code serves as a global standard for classifying goods traded internationally, and HSN code 408 specifically encompasses birds' eggs and egg yolks.

Understanding HSN Code 408

HSN code 408 covers a range of products derived from birds' eggs, including:

Birds' eggs, in shell, fresh, chilled or frozen

Birds' egg yolks, dried

Significance of HSN Code 408

This code plays a crucial role in international trade, facilitating:

Accurate Classification:

HSN code 408 ensures that birds' eggs and egg yolks are correctly identified and classified, enabling consistent application of customs tariffs and regulations.

Statistical Analysis:

By assigning a unique code to birds' eggs and egg yolks, it enables the compilation of comprehensive trade statistics, providing valuable insights into global trade patterns and trends.

Tax Administration:

HSN code 408 aids tax authorities in efficient tax assessment and collection, ensuring fair and equitable taxation of imported birds' eggs and egg yolks.

HSN Code Product Description Unit of Measure Base Rate of Duty Additional Duty Preferential Duty Final Duty 408010 Birds' eggs, in shell, fresh, chilled or frozen kg 10% 5% 0% 15% 408020 Birds' egg yolks, dried kg 5% 0% 0% 5%

HSN Taxation Rate Table for Code 408

Conclusion

HSN code 408 plays a vital role in international trade, facilitating efficient customs clearance, statistical analysis, and tax administration. Businesses involved in the trade of birds' eggs and egg yolks should have a clear understanding of this code and its proper application in HSN tax tables to ensure compliance with trade regulations.