HSN Code and GST Tax rate for Lac gums, resins, and other vegetable saps and extracts under section-2 chapter-13
If the trader’s trades for Lac gums, resins, and other vegetable saps and extracts then they will have to use the HSN CODE for the Lac; gums, resins and other vegetable saps and extracts in the invoice or in the GST Returns for identifications of the Lac; gums, resins, and other vegetable saps and extracts.
According to the chapter-13 of section-2 – Notes
Heading 1302 applies, inter alia, to licorice extract and extract of pyrethrum, extract of hops, extract of aloes and opium.
The heading does not apply to:
(a) licorice extract containing more than 10% by weight of sucrose or put up as confectionery(heading 1704);
(b) malt extract (heading 1901);
(c) extracts of coffee, tea or mate (heading 2101);
(d) vegetable saps or extracts constituting alcoholic beverages (Chapter 22);
(e) camphor, glycyrrhizin or other products of heading 2914 or 2938;
(f) concentrates of poppy straw containing not less than 50% by weight of alkaloids (heading 2939);
(g) medicaments of heading 3003 or 3004 or blood – grouping reagents (heading 3006);
(h) tanning or dyeing extracts (heading 3201 or 3203);
(i) essential oils, concretes, absolutes, resinoids, extracted oleoresins, aqueous distillates or aqueous solutions of essential oils or preparations based on odoriferous substances of a kind used for the manufacture of beverages (Chapter 33); or
(j) natural rubber, balata, gutta-percha, guayule, chicle or similar natural gums (heading 4001)
Contents of this post
HSN Code for Lac gums, resins, and other vegetable saps and extracts
| GOODS DESCRIPTION | HSN CODE Chapter/Heading |
| Lac; natural gums, resins, gum-resins and oleoresins (for example, balsams) | 1301 |
| Vegetable saps and extracts; pectic substances, pectinates, and pectates; agar-agar and other mucilages and thickeners, whether or not modified, derived from vegetable products | 1302 |
GST Rate for Lac gums, resins, and other vegetable saps and extracts
| GOODS DESCRIPTION | HSN CODE Chapter/Heading | GST TAX RATE |
| Lac; natural gums, resins, gum-resins and oleoresins (for example, balsams) | 1301 | |
| Natural gums, resins, gum-resins, and oleoresins (for example, balsams) [other than lac and shellac] | 1301 | 5% |
| Compounded asafoetida is commonly known as Heeng | 1301 | 5% |
| Lac and Shellac | 1301 | NIL |
| Vegetable saps and extracts; pectic substances, pectinates, and pectates; agar-agar and other mucilages and thickeners, whether or not modified, derived from vegetable products | 1302 | |
| Vegetable saps and extracts; pectic substances, pectinates, and pectates; agar-agar and other mucilages and thickeners, whether or not modified, derived from vegetable products other than tamarind kernel powder | 1302 | 18% |
if you want to know more details than click for the source link- HSN pdf
Disclaimer
Gstportalindia.in will not be held responsible for any loss or damage of any kind arising out of any inaccurate or incomplete information in this document. The GST Rate & HSN codes have been arranged as per the best of authors’ understanding and are subject to periodic updates as per the law for the time being in force. It does not constitute professional advice or a formal recommendation. While due care has been taken in preparing this content, the existence of mistakes and omissions herein is not ruled out.
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