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    #Changes in HSN Code - Custom Tarif Act - 01.05.2023 PDF

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    Sephali Abhangi
    The document outlines changes to Harmonized System (HS) codes related to jewelry, diamonds, and precious stones effective May 1st, 2023 as declared by the Central Board of Indirect Taxes and Customs of India. Key changes include separating HS codes for gold, silver, and platinum jewelry set with natural diamonds versus lab-grown diamonds. HS codes were also separated for industrial versus non-industrial rough and polished diamonds, as well as for diamond dust/powder from natural versus lab-grown sources. The changes aim to distinctly classify items based on whether they contain natural or lab-grown diamonds and precious stones.

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    #Changes in HSN Code - Custom Tarif Act - 01.05.2023 PDF

    Uploaded by

    Sephali Abhangi
    840 views2 pages
    The document outlines changes to Harmonized System (HS) codes related to jewelry, diamonds, and precious stones effective May 1st, 2023 as declared by the Central Board of Indirect Taxes and Customs of India. Key changes include separating HS codes for gold, silver, and platinum jewelry set with natural diamonds versus lab-grown diamonds. HS codes were also separated for industrial versus non-industrial rough and polished diamonds, as well as for diamond dust/powder from natural versus lab-grown sources. The changes aim to distinctly classify items based on whether they contain natural or lab-grown diamonds and precious stones.

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    #Changes in HSN code_Custom Tarif Act_01.05.2023.pdf

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    The document outlines changes to Harmonized System (HS) codes related to jewelry, diamonds, and precious stones effective May 1st, 2023 as declared by the Central Board of Indirect Taxes and Customs of India. Key changes include separating HS codes for gold, silver, and platinum jewelry set with natural diamonds versus lab-grown diamonds. HS codes were also separated for industrial versus non-industrial rough and polished diamonds, as well as for diamond dust/powder from natural versus lab-grown sources. The changes aim to distinctly classify items based on whether they contain natural or lab-grown diamonds and precious stones.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    840 views2 pages

    #Changes in HSN Code - Custom Tarif Act - 01.05.2023 PDF

    Uploaded by

    Sephali Abhangi
    The document outlines changes to Harmonized System (HS) codes related to jewelry, diamonds, and precious stones effective May 1st, 2023 as declared by the Central Board of Indirect Taxes and Customs of India. Key changes include separating HS codes for gold, silver, and platinum jewelry set with natural diamonds versus lab-grown diamonds. HS codes were also separated for industrial versus non-industrial rough and polished diamonds, as well as for diamond dust/powder from natural versus lab-grown sources. The changes aim to distinctly classify items based on whether they contain natural or lab-grown diamonds and precious stones.

    Copyright:

    © All Rights Reserved
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     Changes in the HSN code related to Jewellery w.e.

    f 1st May, 2023 as declared by CBIC


    Custom Tariff.

    Particulars Old Code New Code


     Jewellery of Gold
     Unstudded 71131910 71131911
     Set with pearls 71131920 71131912
     Set with Natural Diamonds 71131930 71131913
     Set with Lab Grown Diamonds 71131930 71131914
     Set with Other precious and semi-precious stones 71131940 71131915
     Parts 71131960 71131960
     Others 71131990 71131919
     Jewellery of Silver
     Jewellery with filigree work 71131110 71131110
     Unstudded 71131141
     Set with pearls 71131120 71131142
     Set with Natural Diamonds 71131120 71131143
     Set with Lab Grown Diamonds 71131120 71131144
     Set with Other precious and semi-precious stones 71131120 71131145
     Other Articles 71131130 71131149
     Parts 71131190 71131190
     Jewellery of Platinum
     Unstudded 71131950 71131921
     Set with pearls 71131922
     Set with Natural Diamonds 71131923
     Set with Lab Grown Diamonds 71131924
     Set with Other precious and semi-precious stones 71131925
     Parts 71131960 71131960
     Others 71131990 71131929
    (Note - Earlier, there were no separate codes for jewellery consisting of natural or Lab Grown
    diamonds but Now HSN code has been separated for both)
     Changes in the HSN code related to Lab Grown Diamond w.e.f 1st May, 2023

    Particulars Old Code New Code


     Rough Diamond
     unworked or simply sawn or roughly shaped 71042100 71042110
    - Industrial
     unworked or simply sawn or roughly shaped 71042100 71042120
    - Non-Industrial
     Polished Diamonds
     Other Diamond 71049100 71049110
    - Industrial
     Other Diamond 71049100 71049120
    - Non-Industrial
    (Note: Earlier there was no separate classification for Industrial and Non-Industrial Diamond)
     Changes in HS code of dust and powder of natural or synthetic precious or semi-precious
    stones effective from 1st May, 2023:

    Particulars Old Code New Code


     Of Natural Diamond 71051000 71051010
     Of Lab Grown Diamond 71051000 71051020

    (Note- Earlier, there was no separate classification for the dust/powder of natural and lab-
    grown diamonds)

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