44123240 is the designated HSN classification for Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm, categorized under Chapter 44 – Wood And Articles Of Wood; Wo in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in N.a for billing purposes.
HSN Codes under Chapter 44 – Wood And Articles Of Wood; Wo
Below are related HSN codes from Chapter 44 – Wood And Articles Of Wood; Wo for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Wood And Articles Of Wood; Wo... | 44011010 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 2.50% | 2.50% | 5.00% |
| Wood And Articles Of Wood; Wo... | 44011090 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44011110 | In Logs | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44011190 | Other | Nil | Nil | Nil |
| Wood And Articles Of Wood; Wo... | 44011210 | In Logs | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44011290 | Other | Nil | Nil | Nil |
| Wood And Articles Of Wood; Wo... | 44012100 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44012200 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44013100 | Fuel Wood, In Logs, In Billets, In Twigs, In Faggo... | 0.025 | 0.025 | 0.05 |
| Wood And Articles Of Wood; Wo... | 44013200 | Wood And Articles Of Wood; Wood Charcoal~Fuel Wood... | 0.025 | 0.025 | 0.05 |
GST Rates for HSN 44123240
The taxation of Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm under HSN Code 44123240 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use N.a for Wood And Articles Of Wood; Wo goods under Chapter 44.
Who Should Use HSN Code 44123240?
Any business engaged in supplying Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm must apply HSN 44123240 on invoices. The Wood And Articles Of Wood; Wo category under Chapter 44 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Planning to trade in Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm? Complete GST registration to legally collect taxes on goods under HSN 44123240. Businesses importing or exporting Wood And Articles Of Wood; Wo products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Correct HSN Code 44123240 application for Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm ensures smooth input credit utilization and assessment processes. Track 9.00%, 9.00%, and 18.00% rate changes for Chapter 44 – Wood And Articles Of Wood; Wo through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
HSN Code 44123240 falls under Chapter 44 – Wood And Articles Of Wood; Wo in the GST tariff schedule. This chapter covers various goods including Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm.
Yes, IGST at 18.00% is applicable when Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm is supplied interstate or imported. For local sales within a state, CGST at 9.00% and SGST/UTGST at 9.00% apply instead.
Yes, e-commerce sellers dealing in Plywood, Veneered Panels And Similar Laminated Wood -- Other, With At Least One Outerply Of Non-Coniferous Wood:Cuttings And Trimmings Of Plywood Of Width Not Exceeding 5Cm must use HSN 44123240 on their invoices. This applies to all online platforms operating under Wood And Articles Of Wood; Wo classification.
To import goods under Wood And Articles Of Wood; Wo, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
