MeitY plans trade code revamp for semiconductorSays current list of HSN codes for input goods in semiconductor value chain is outdated
16 Dec, 2025, 06.00 AM IST
Guidebook on mapping of Harmonized System of Nomenclature (HSN) codes unveiled by Piyush GoyalPiyush Goyal, Union Minister of Commerce and Industry, released the Guidebook on Mapping of Harmonized System of Nomenclature (HSN) Codes p...
21 Sep, 2025, 03.56 PM IST
New GST rate and HSN code list: FinMin notifies latest slab rates in seven schedulesThe Ministry of Finance has revised the GST rate framework, effective September 22, replacing the June 2017 notification. This new structur...
17 Sep, 2025, 09.44 PM IST
New GSTN advisory: GST registered suppliers must take note of these new changes made in GSTR-1 from January 2025When you file GSTR-1 on or before February 11, 2025, the specified new rules will have to be followed otherwise the return will be consider...
14 Jan, 2025, 04.06 PM IST
DRI initiates inquiry against Maruti Suzuki over incorrect HSN code of imported partMaruti Suzuki India is under investigation by the Directorate of Revenue Intelligence (DRI) for incorrect HSN code usage and incorrect paym...
21 Feb, 2024, 02.14 PM IST
India working to develop HSN codes for certain varieties of riceOfficials said that India is in the process of developing new Harmonised System of Nomenclature (HSN) codes for specific rice varieties to ...
14 Feb, 2024, 09.58 AM IST
Looking at developing HSN codes for certain varieties of rice: OfficialAccording to a presentation of the Agricultural & Processed Food Products Export Development Authority (APEDA), they are working on separat...
13 Feb, 2024, 04.46 PM IST
ET Explainer: What's in a number? A lot when it is numerical code HSNIn India, declaring a 4-digit HSN code is mandatory on goods and services tax (GST) invoices by businesses with turnover up to Rs 5 crore a...
12 Dec, 2023, 03.10 PM IST
DGFT lays out procedure for exporters to apply for amnesty schemeThe government announced the new foreign trade policy (FTP) on March 31. It included an amnesty scheme for exporters for one-time settlemen...
17 Apr, 2023, 09.09 PM IST
Govt contract winners must share all details for GST assessment: SCThe Supreme Court also held that it is the responsibility of the bidder to quote the correct Harmonised System of Nomenclature (HSN) code a...
24 Aug, 2022, 12.07 AM IST
All you need to know about HSN codeThe Finance Ministry has said that businesses with a turnover of more than Rs 5 crore have to show a six digit HSN number.
30 Jul, 2021, 01.46 PM IST
Six digit HSN code in GST made mandatory from April 1A taxpayer having turnover of upto Rs 5 crore in the preceding financial year is required to furnish 4 digits HSN code on B2B invoices.
01 Apr, 2021, 05.35 PM IST
CBIC extends customs duty and integrated GST exemptions till March 31, 2022The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday extended the basic customs duty and integrated goods and service tax ex...
01 Apr, 2021, 03.10 PM IST
Government makes it mandatory to mention 8-digit HSN Code in tax invoice for 49 chemical based productsWhile notifying the HSN Code for these products, the Central Board of Indirect Taxes and Customs (CBIC) said, "A registered person shall me...
02 Dec, 2020, 05.08 PM IST
Common tariff code glitch creates minor roadblock for mask exportsSmriti Irani-led textiles ministry has initiated talks with commerce ministry on how to address the issue. “The issue is all masks have the...
06 May, 2020, 11.30 PM IST
High duty on non-categorised imports: Piyush GoyalCommerce and industry minister Piyush Goyal has warned against imports under the 'others' category and said that within a month, high duty ...
16 Jan, 2020, 07.52 AM IST
Govt will put restrictions on imports of products under 'others' category: Piyush GoyalIn trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature).It helps in systematic classification...
15 Jan, 2020, 06.06 PM IST