HSN code watch chains

[Arun Aggarwal]

Sir

There are no chapter notes in GST tariff as were in the Excise tariff.

There were many items in the excise tariff which were specifically by virtue of the chapter notes were taxed and classified in different chapters.

One of the example is the watch chains of precious metal which was specifically changed by the virtue of the chapter note from the chapter tariff 9113 to 7113 in excise.

Now under GST regime what should be the right HSN code for the watch chains of the precious metal as per logic it should be taxed under 9113 but as per the custom tariff it is still falls under 7113 by the virtue of the chapter note?

In future in the case of any difference should we follow the customs tariff for the reference or any other clarification or reference , method is there in the GST law for the classification confusion?

It becomes very important because of the vast difference in the rates.

Pls advice

Arun

AI Summary

Clarifying GST Classification for Precious Metal Watch Chains: Align with HSN Code 7113 per Customs Tariff Act, 1975. A discussion on the classification of watch chains made of precious metals under the Goods and Services Tax (GST) regime, focusing on the appropriate Harmonized System of Nomenclature (HSN) code. Historically, under the excise tariff, these items were classified under chapter 7113 due to chapter notes, but there's confusion under GST. One expert suggests following the Customs Tariff Act, 1975, which aligns with chapter 7113. Participants recommend making representations to the GST Council for any rate concerns. Additional queries include handling multiple HSN codes in invoices and the procedure for classification disputes under GST.