Due to their high energy efficiency and lengthy durability, LED lights have grown in popularity in recent years. As with any product, LED lights are assigned a specific code for classification and taxation purposes. This code is known as the Harmonized System of Nomenclature (HSN) code. Understanding the HSN code for LED lights is essential for manufacturers, importers, exporters, and consumers alike. In this comprehensive blog, we will delve into the intricacies of the HSN code for LED lights, its significance, and how it affects various stakeholders in the LED lighting industry.
The Harmonized System of Nomenclature (HSN) is an internationally standardized system for classifying goods. It was developed by the World Customs Organization (WCO) to simplify and harmonize the classification of products for trade and taxation purposes. Each product is assigned a unique HSN codes, which consists of six digits.
The main objective of HSN is to rationally and methodically classify products from all over the world. Establishing a uniform classification of goods enhances global trade. The HS code is used to categorize over 98% of the goods traded internationally. Most nations accept the Harmonised System of Nomenclature number for each product. The HSN number essentially never changes for any product. The HSN number, however, varies greatly depending on the classification of the commodities in certain countries.
The HSN Code for LED Lights plays a crucial role in various aspects of the LED lighting industry. Here are some key reasons why understanding the HSN code is important:
a. Product Identification: The HSN code provides a standardized and uniform method of identifying LED lights. It helps in distinguishing LED lights from other lighting products and ensures accurate classification during import, export, or domestic trade.
b. Taxation and Customs Duties: It is used by tax authorities to determine the applicable tax rates and customs duties for LED lights. It helps in streamlining the taxation process and ensures consistency in levying taxes across different jurisdictions.
c. Statistical Analysis: It enables the collection and analysis of export import data related to LED lights. Governments, industry associations, and researchers rely on this data to understand market trends, monitor trade flows, and develop appropriate policies for the LED lighting sector.
LED Lamp Hs code lights fall under Chapter 85 of the HSN system, which is dedicated to electrical machinery and equipment, including lighting fixtures. LED lights are specifically classified under sub-heading 8539, which covers "Electric Filament or Discharge Lamps, Including Sealed Beam Lamp Units and Ultraviolet or Infrared Lamps; Arc Lamps. “Also, if you require any particular HS Codes for your products, Seair Exim Solutions is the best market research platform to analyze the Indian import data, HS codes, etc.
Breakdown of HSN Code for LED Lights:
The HS code for LED lights consists of six digits, each representing a specific category of products. Here is a breakdown of the HSN code for LED lights:
a. First two digits (85): These digits represent Chapter 85, which covers electrical machinery and equipment.
b. Third digit (3): This digit represents the heading "Electrical Lighting or Signaling Equipment."
c. Fourth digit (9): This digit represents the sub-heading "Electric Filament or Discharge Lamps, Including Sealed Beam Lamp Units and Ultraviolet or Infrared Lamps; Arc Lamps."
d. Fifth and sixth digits (XX): These digits vary depending on the specific type, design, or features of the LED lights. Different combinations of digits may represent different categories or subcategories of LED lights.
The only lighting goods that are subject to a 5% GST are kerosene pressure lanterns and their components, such as gas mantles. A higher GST charge applies to all other lighting goods.
Additionally, kerosene lamps/lanterns, petromax, glass chimneys, accessories, and parts thereof are subject to a 12% GST.
Last but not least, a GST rate of 28% is applied to lamps and lighting fixtures, including searchlights, spotlights, and parts thereof, as well as lighted signs, illuminated nameplates, and similar goods with a permanently fixed light source that are not stated or included. Also, get Export Import Data
To determine the correct Hs code search for LED lights, manufacturers, importers, and exporters must carefully analyze the characteristics and specifications of their products. Factors such as the type of LED light (e.g., bulbs, tubes, panels), wattage, voltage, and special features (e.g., dimmable, color-changing) will influence the final two digits of the HSN code. It is advisable to consult the official HSN code list or seek professional assistance with the help of Seair Exim Solutions.
Chapter 94 of the HSN Code specifies the GST rate for furniture, light fixtures, LED bulbs, and LED lights. Prefabricated buildings, illuminated signs, illuminated nameplates, and similar items are covered in Chapter 94 of the HSN code together with furniture, bedding, mattresses, mattress supports, cushions, and other similar stuffed items.
In conclusion, gaining a thorough understanding of the Harmonized System of Nomenclature (HSN) code for LED lights is essential for businesses involved in the import, export, or sale of these products. The HSN code is a universal language for classifying LED lights, ensuring standardized trade practices, and facilitating seamless international transactions. By investing the time and effort to comprehend this comprehensive guide, readers can equip themselves with the knowledge necessary to successfully navigate the intricacies of the HSN code system and unlock the full potential of their LED lighting business. Also, if you need any kind of guidance regarding Indian import data, export import data, or US Custom Import Data, please connect with Seair Exim Solutions to reach your trade business in the global markets. Connect today to get a free live demo!
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