What products are classified under HSN 2702
It includes Lignite: Not Agglomerated
HSN Sub Chapter 2702 represents Lignite: Not Agglomerated under GST classification. This code helps businesses identify Lignite: Not Agglomerated correctly for billing, taxation, and trade. With HSN Sub Chapter 2702, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Lignite: Not Agglomerated.
GST Rate for Lignite: Not Agglomerated under HSN Code 2702. 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 |
|---|---|---|---|---|
| 27 | 2702 | Lignite, whether or not agglomerated, excluding jet | 5% | 5% |
Chapter: 27
Description: Lignite, whether or not agglomerated, excluding jet
Following Tariff HSN code falls under Lignite: Not Agglomerated:
| Tariff HSN | Description |
|---|---|
| Lignite, whether or not pulverised, but not agglomerated | |
| Agglomerated lignite |
Lignite, whether or not pulverised, but not agglomerated
Agglomerated lignite
It includes Lignite: Not Agglomerated
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
If your outward supply of Lignite: Not Agglomerated is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Use a delivery challan for sending Lignite: Not Agglomerated 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.
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.
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.
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.