Please tell me the correct HSN code and rate of duty on handloom carpets, wheatland rugs and jute rugs. Client showing under heads 5705, 5701 and 5705 respectively. Are they correct ?
Rate of duty on handloom carpets
Rajesh Kumar
Clarification on HSN codes: 5701 for knotted carpets, 5705 for coir mats; impacts GST rates for handloom, wheatland, jute rugs. A query was raised regarding the correct Harmonized System of Nomenclature (HSN) code and applicable Goods and Services Tax (GST) rate for handloom carpets, wheatland rugs, and jute rugs. The client categorized these items under HSN codes 5705, 5701, and 5705, respectively. In response, it was clarified that HSN code 5701 pertains to carpets and other textile floor coverings, knotted, whether or not made up, while 5705 covers coir mats, matting, and floor coverings. (AI Summary)
TaxTMI
TaxTMI