What products are classified under HSN 98010020 ?
It includes Heterocyclic compounds with oxygen hetero-atom (s) only – other : other
- Section 21 – Works Of Art, Collectors Pieces And Antiques
- Chapter 98 – Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores
- Sub Chapter 9801 – 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
- HSN 98010020 – Components/raw materials for unit setup
- Description of goods in HSN 98010020
- What does HSN Code 98010020 not include?
- FAQs for HSN Code 98010020
- Important Disclaimer
HSN Code 98010020: Components/raw materials for unit setup
HSN Code 98010020 represents Components/raw materials for unit setup under GST classification. This code helps businesses identify Components/raw materials for unit setup correctly for billing, taxation, and trade. With HSN Code 98010020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Components/raw materials for unit setup.
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Description of Goods for Components/raw materials for unit setup
HSN Code 98010020 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 98 | Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores | 9801 | 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 | Components (whether or not finished or not) or raw materials for the manufacture of aforesaid items required for the initial setting up of a unit or the substantial expansion of a unit | 9% | 9% | 18% | 0% |
Description of goods
Components (whether or not finished or not) or raw materials for the manufacture of aforesaid items required for the initial setting up of a unit or the substantial expansion of a unit
Chapter
98 – Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores
Sub Chapter
9801 – 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
CGST
9%
SGST
9%
IGST
18%
CESS
0%
What does HSN Code 98010020 not include?
Components/raw materials for unit setup does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Machinery : For industrial plant project | |
| Machinery : For irrigation plant | |
| Machinery : For power project | |
| Machinery : For mining project | |
| Machinery : Project for exploration of oil or other minerals | |
| Machinery : For other projects | |
| Spare parts and other raw materials (including semi-finished materials or consumable stores for the maintenance of plant or project |
Machinery : For industrial plant project
Machinery : For irrigation plant
Machinery : For power project
Machinery : For mining project
Machinery : Project for exploration of oil or other minerals
Machinery : For other projects
Spare parts and other raw materials (including semi-finished materials or consumable stores for the maintenance of plant or project
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FAQs for HSN Code 98010020
Any common misclassification issue with Components/raw materials for unit setup?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Does packaging or labelling change the GST for Components/raw materials for unit setup?
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.
How should mixed supplies be billed when Components/raw materials for unit setup is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Components/raw materials for unit setup; Nil for exempt items if applicable).
Can we claim ITC on inputs used to trade Components/raw materials for unit setup?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
How much GST applies to Components/raw materials for unit setup?
Under HSN 98010020, Components/raw materials for unit setup attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
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