Changes in HSN codes as per HS-2022; CBIC issued Guidance Note on Correlation of Customs Tariff between 2021-2022
- Blog|News|GST & Customs|
- < 1 minute
- By Taxmann
- |
- Last Updated on 27 December, 2021
Latest from Taxmann
D.O.F. No. 524/11/2021-STO(TU) Dated December 20th, 2021
The new (seventh) edition of the Harmonized System (HS) nomenclature, HS-2022, shall come into force from 1st January, 2022. The new HS-2022 has around 351 amendments at 6 Digit level whereas India follows 8 digit classifications.
For ease in co-relation between HS2021 and HS2022 at 8-digit level, CBIC has issued a correlation document (at 8 digit level). The correlation table presents the correlation between the tariffs at the 8-digit level documenting the manner in which the commodities covered by tariff of 2021 have been accommodated in the tariff of 2022. The “Correlation code” is provided at each 8 digit entry to provide clear meaning and the change happened in HSN Codes as per HS-2022.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
