What products are classified under HSN 98041000 ?
It includes Horses for Polo
HSN Code 98041000 represents Drugs & medicines (personal use) under GST classification. This code helps businesses identify Drugs & medicines (personal use) correctly for billing, taxation, and trade. With HSN Code 98041000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Drugs & medicines (personal use).
HSN Code 98041000 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 | 9804 | All dutiable articles, intended for personal use, imported by post or air | Drugs and medicines | 2.5% | 2.5% | 5% | 0% |
| 98 | Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores | 9804 | All dutiable articles, intended for personal use, imported by post or air | Drugs and medicines (Other Drugs and medicines intended for personal use.) | 6% | 6% | 12% | 0% |
Description of goods
Drugs and medicines
Chapter
98 – Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores
Sub Chapter
9804 – All dutiable articles, intended for personal use, imported by post or air
Description of goods
Drugs and medicines (Other Drugs and medicines intended for personal use.)
Chapter
98 – Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores
Sub Chapter
9804 – All dutiable articles, intended for personal use, imported by post or air
Drugs & medicines (personal use) does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Other |
Other
It includes Horses for Polo
Under HSN 98041000, Drugs & medicines (personal use) 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 Drugs & medicines (personal use); 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.
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.