HSN BASED COMMODITY CLASSIFICATION CODE …

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HSN BASED COMMODITY CLASSIFICATION code FOR VAT TARIFF Report Submitted to The Empowered Committee of State Finance Ministers, Government of India, New Delhi September 2007 Centre for Taxation Studies Thiruvananthapuram, Kerala 1GENERAL RULES FOR THE INTERPRETATION OF THE VAT TARIFF COMMODITY CLASSIFICATION code for VAT Tariff is BASED on the Harmonised System of Nomenclature adopted by the Customs Tariff Act. Hence the General Rules for the interpretation of VAT Tariff are almost in line with the General Rules for the interpretation of Customs Tariff Act. CLASSIFICATION of goods in this Schedule shall be governed by the following principles: 1. The titles of Sections, Chapters and sub-chapters are provided for ease of reference only; for legal purposes, CLASSIFICATION shall be determined according to the terms of the headings and any relative Section or Chapter Notes and, provided such headings or Notes do not otherwise require, according to the following provisions: 2.

1 GENERAL RULES FOR THE INTERPRETATION OF THE VAT TARIFF Commodity Classification Code for VAT Tariff is based on the Harmonised System of Nomenclature adopted by the Customs Tariff Act.

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