What products are classified under HSN 45020000 ?
It includes Corks and Stoppers
HSN Code 45020000 represents Natural Cork (Debacked/Roughly Squared) under GST classification. This code helps businesses identify Natural Cork (Debacked/Roughly Squared) correctly for billing, taxation, and trade. With HSN Code 45020000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural Cork (Debacked/Roughly Squared).
HSN Code 45020000 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 45 | Cork and articles of cork | 4502 | Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers) | Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers) | 6% | 6% | 12% | 0% |
Description of goods
Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
Chapter
45 – Cork and articles of cork
Sub Chapter
4502 – Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
Natural Cork (Debacked/Roughly Squared) does not include products with the following descriptions:
| HSN Code | Description |
|---|
It includes Corks and Stoppers
Under HSN 45020000, Natural Cork (Debacked/Roughly Squared) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Natural Cork (Debacked/Roughly Squared); Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.