What products are classified under HSN 97021000 ?
It includes Used Postal Stamps
HSN Code 97021000 represents Of An Age Exceeding 100 Years under GST classification. This code helps businesses identify Of An Age Exceeding 100 Years correctly for billing, taxation, and trade. With HSN Code 97021000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Of An Age Exceeding 100 Years.
HSN Code 97021000 relates to the following description:
Of An Age Exceeding 100 Years does not include products with the following descriptions:
Original engravings, prints and lithographs
Other
It includes Used Postal Stamps
Under HSN 97021000, Of An Age Exceeding 100 Years attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of An Age Exceeding 100 Years; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
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.