98 HSN Code: Project Imports & Laboratory Chemicals
HSN Chapter 98 represents Project Imports & Laboratory Chemicals under GST classification. This code helps businesses identify Project Imports & Laboratory Chemicals correctly for billing, taxation, and trade purposes. With HSN Chapter 98, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Project Imports & Laboratory Chemicals.
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Sub Chapters under HSN Chapter 98
Following Sub Chapters fall under HSN Chapter 98:
| Sub Chapter | New GST Rate | Old GST Rate | Description |
|---|---|---|---|
| 5% | 5% | All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified : (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the central government may, having regard to the economic development of the country notify in the official gazette in this behalf; and spare parts, other raw materials (including semi-finished material) or consumable stores not exceeding 10% of the value of the goods specified above provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above | |
| 5% | 5% | Laboratory chemicals | |
| 12% | 12% | All dutiable articles, imported by a passenger or a member of a crew in his baggage | |
| 5% | 18% | All dutiable articles, intended for personal use, imported by post or air | |
| 18% | 18% | THE FOLLOWING ARTICLES OF STORES ON BOARD OF A VESSEL OR AIRCRAFT ON WHICH DUTY IS LEVIABLE UNDER THE CUSTOMS ACT, 1962 (52 OF 1962), NAMELY: |
All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified : (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the central government may, having regard to the economic development of the country notify in the official gazette in this behalf; and spare parts, other raw materials (including semi-finished material) or consumable stores not exceeding 10% of the value of the goods specified above provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above
All dutiable articles, imported by a passenger or a member of a crew in his baggage
All dutiable articles, intended for personal use, imported by post or air
THE FOLLOWING ARTICLES OF STORES ON BOARD OF A VESSEL OR AIRCRAFT ON WHICH DUTY IS LEVIABLE UNDER THE CUSTOMS ACT, 1962 (52 OF 1962), NAMELY:
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Case Laws Related to Chapter 98
| Order Number | Description |
|---|---|
| Kishore Arjandas Udasi And Others (Naa (National Anti Profiteering Authority), ) | |
| Vaps Knowledge Services Pvt. Ltd. (AAR (Authority For Advance Ruling), Karnataka) | |
| Delhi Metro Rail Corporation Ltd. (Delhi High Court, Delhi) | |
| Gulf Turbo Solutions Llp (AAR (Authority For Advance Ruling), Maharashtra) | |
| Worley Services India Pvt. Ltd. (AAAR (Appellate Authority For Advance Ruling), Maharashtra) |
Kishore Arjandas Udasi And Others (Naa (National Anti Profiteering Authority), )
Vaps Knowledge Services Pvt. Ltd. (AAR (Authority For Advance Ruling), Karnataka)
Delhi Metro Rail Corporation Ltd. (Delhi High Court, Delhi)
Gulf Turbo Solutions Llp (AAR (Authority For Advance Ruling), Maharashtra)
Worley Services India Pvt. Ltd. (AAAR (Appellate Authority For Advance Ruling), Maharashtra)
Important Disclaimer
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.