HSN Codes chevron_right Section 02 chevron_right Chapter 07 chevron_right Sub Chapter 0703

0703 HSN Code: Refined olive oil

HSN Sub Chapter 0703 represents Refined olive oil under GST classification. This code helps businesses identify Refined olive oil correctly for billing, taxation, and trade. With HSN Sub Chapter 0703, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Refined olive oil.

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New GST Rate for HSN Code 0703

GST Rate for Refined olive oil under HSN Code 0703. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.

Chapter No HSN Code HSN Description New GST Rate Old GST Rate
07 0703 Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled 0% 0%

Chapter: 07

Description: Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled

New GST Rate: 0% Old GST Rate: 0%

Tariff HSN Codes under HSN Sub Chapter 0703

Following Tariff HSN code falls under Refined olive oil:

Tariff HSN Description
Onions, shallots, garlic, leeks and otheralliaceous vegetables, fresh or chilled onions and shallots onions
Onions and shallots: Rose Onions
Onions and shallots: Other
Onions and shallots: Shallots
Other
Garlic
Leeks and other alliaceous vegetables

Onions, shallots, garlic, leeks and otheralliaceous vegetables, fresh or chilled onions and shallots onions

Onions and shallots: Rose Onions

Onions and shallots: Other

Onions and shallots: Shallots

Leeks and other alliaceous vegetables

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FAQs for Sub Chapter 0703

What products are classified under HSN 0703

It includes Refined olive oil

Does MRP, weight or pack size change GST treatment for Refined olive oil?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

How should I document Refined olive oil sent for job work?

Use a delivery challan for sending Refined olive oil to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

What are the e‑way bill and e‑invoice points while moving Refined olive oil?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

What should my invoice and records include for Refined olive oil?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

Can reverse charge ever apply to transactions involving Refined olive oil?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Refined olive oil are forward charge. Check the current notifications for any special cases before deciding.

Any special steps when selling Refined olive oil through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

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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