81029700 is the designated HSN classification for Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap, categorized under Chapter 81 – Other Base Metals; Cermets; A in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Quantities are measured in kg. for billing purposes.
HSN Codes under Chapter 81 – Other Base Metals; Cermets; A
Below are related HSN codes from Chapter 81 – Other Base Metals; Cermets; A for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Other Base Metals; Cermets; A... | 81011000 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019400 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019510 | Tungsten (Wolfram) And Articles Thereof, Including... | N.a. | N.a. | N.a. |
| Other Base Metals; Cermets; A... | 81019590 | Tungsten (Wolfram) And Articles Thereof, Including... | N.a. | N.a. | N.a. |
| Other Base Metals; Cermets; A... | 81019600 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019700 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81019910 | Tungsten (Wolfram) And Articles Thereof, Including... | 9.00% | 9.00% | 18.00% |
| Other Base Metals; Cermets; A... | 81019990 | Tungsten (Wolfram) And Articles Thereof, Including... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81021000 | Molybdenum And Articles Thereof, Including Waste A... | 0.09 | 0.09 | 0.18 |
| Other Base Metals; Cermets; A... | 81029400 | Molybdenum And Articles Thereof, Including Waste A... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 81029700
Tax liability for Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap under HSN 81029700 varies by transaction geography. CGST at 0.09 combined with SGST/UTGST at 0.09 applies to local sales. Interstate movement attracts IGST at 0.18. All billing for Chapter 81 – Other Base Metals; Cermets; A products must use kg..
Who Should Use HSN Code 81029700?
Manufacturers, wholesalers, retailers, and exporters dealing in Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap are required to mention HSN 81029700 on all tax documents. This classification under Other Base Metals; Cermets; A applies to businesses of all sizes operating within Chapter 81. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Starting a business involving Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap? GST registration is mandatory for collecting and remitting taxes on HSN 81029700 goods. Companies planning international trade within Other Base Metals; Cermets; A must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Accurate application of HSN Code 81029700 for Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 81 – Other Base Metals; Cermets; A should monitor rate updates (0.09, 0.09, 0.18) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
HSN Code 81029700 falls under Chapter 81 – Other Base Metals; Cermets; A in the GST tariff schedule. This chapter covers various goods including Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap.
Yes, IGST at 0.18 is applicable when Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap is supplied interstate or imported. For local sales within a state, CGST at 0.09 and SGST/UTGST at 0.09 apply instead.
Yes, e-commerce sellers dealing in Molybdenum And Articles Thereof, Including Waste And Scrap - Other: Waste And Scrap must use HSN 81029700 on their invoices. This applies to all online platforms operating under Other Base Metals; Cermets; A classification.
To import goods under Other Base Metals; Cermets; A, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.