hsn code for steel plates,What is HSN Code for Steel Plates? The HSN (Harmonized System of Nomenclature) code for steel plates is 7208. This code
What is HSN Code for Steel Plates?
The HSN (Harmonized System of Nomenclature) code for steel plates is 7208. This code is used for flat - rolled products of iron or non - alloy steel, of a width of 600 mm or more, hot - rolled, in coils. It helps in the proper classification of steel plates for various purposes such as international trade, taxation, and statistical analysis.
How is HSN Code 7208 for Steel Plates Used?
In international trade, the HSN code 7208 for steel plates is crucial. When a company exports or imports steel plates, this code is mentioned on the shipping documents. It allows customs authorities to quickly identify the product and apply the correct duties and taxes. For example, if a country has a specific tariff for steel imports, they can easily target products with the 7208 HSN code. Also, it helps in maintaining accurate trade statistics as different types of steel plates can be grouped and analyzed based on this code.
Questions and Answers
Question: What does the HSN code for steel plates start with? Answer: The HSN code for steel plates starts with 7208.
Question: Why is the HSN code important for steel plate trading? Answer: The HSN code is important for steel plate trading because it helps customs authorities identify the product for correct duty and tax application and also aids in maintaining accurate trade statistics.
Below is,hsn code for steel platespartial price list| Category | Market Price | Use Cases |
| 8 x 4 stainless steel sheet | 1054$/Ton | Surgical instruments, medical beds |
| 1 8 stainless steel plate | 1063$/Ton | Automobile shells, body parts |
| 20 ga stainless steel sheet | 1068$/Ton | pipelines, storage tanks |
| 18k gold plated stainless steel tarnish | 1097$/Ton | Storage, transportation |
