Nickel is a widely used metal that has many industrial applications. Nickel Tubes and Pipes, in particular, are used in various industries like chemical processing, automotive, aerospace, and marine. In this article, we will discuss the GST rates and HSN code for Nickel Tubes and Pipes. Nickel Tubes and Pipes are classified under the HSN code 7507, which falls under Chapter 75 of the GST regime. The GST rate for Nickel Tubes and Pipes is 18%, which applies to both the raw material and the finished product.
Nickel Tubes and Pipes are widely used in the manufacturing of heat exchangers, condensers, and other important components in the chemical processing industry. Nickel Tubes and Pipes are also used in the manufacturing of exhaust systems, pressure vessels, and other components in the automotive industry. The aerospace industry also uses Nickel Tubes and Pipes for various applications, such as fuel lines, hydraulic lines, and pneumatic lines. Nickel Tubes and Pipes are also used in the marine industry for various applications like seawater desalination, offshore oil and gas platforms, and ship building. The GST rate for Nickel Tubes and Pipes is 18%, which includes both the raw material and the finished product. However, if the Nickel Tubes and Pipes are used for the manufacture of goods that are exempt from GST, then the GST rate will be zero.
In conclusion, Nickel Tubes and Pipes are widely used in various industries, and their correct classification under the GST regime is essential for accurate taxation. The HSN code for Nickel Tubes and Pipes is 7507, and the GST rate is 18%. We hope that this article has provided valuable insights into the GST rates and HSN codes for Nickel Tubes and Pipes, and has helped Small and Medium Business owners and Startup founders make informed decisions when dealing with Nickel Tubes and Pipes.
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