Plywood, Laminates, and Veneers HSN Code & GST Rate - 4412 It holds a significant position in India's economy, especially with the increasing rate of infrastructure development and interior trends. Those included plywood, laminates and veneers as the most frequently applied materials. These are products the taxes on which, based on their HSN codes and thus GST rates, add to the costs of manufacturers/traders, etc., as well as eventual consumers/taxpayers.
This article discusses HSN Code 4412 which pertains to plywood, veneered panels and laminated wood as well as GST rates applicable to these materials. After having explained all the above, as one of the top wood suppliers in India will help you to sail through some understanding about how the HSN code system works, tax structures and what category of wood is placed under the Indian taxation framework when this is completed.
What is the HSN Code? The Harmonized System of Nomenclature (HSN) is a universal economic language and code for the classification of goods as per the World Customs Organization. HSN codes in India are used for the systemic categorisation of products under GST to get identical taxation processes. Every product falls under the same category and nature, hence it comes with a unique HSN code. The use of the HSN code in the GST system is quite comprehensive as it helps eliminate the mismatches that exist between a tax rate and the tax slab.
HSN Code 4412 The HSN code 4412 is unique to plywood, veneered panels and similar laminated wood products. Nearly 80% of the products derived from wood are included in this code, such as goods for various purposes: construction, furniture, and interior items.
List of items other than bricks and tiles under HSN 4412:
- Plywood
- Laminated Wood
- Veneers
HSN Code Description Rate (%) CESS (%) Effective Date Rate Revision 4412 Plywood, Veneered Panels & Similar Laminated Wood 18 0 15/11/2017 18% replaced 28% 44121000 Plywood, Veneered Panels & Similar Laminated Wood - Bamboo 18 0 15/11/2017 18% replaced 28% 44121310 Decorative Plywood - Sheets ≤ 6mm with Tropical Wood 18 0 15/11/2017 18% replaced 28% 44121320 Tea Chest Panels or Shooks - Sheets ≤ 6mm with Tropical Wood 18 0 15/11/2017 18% replaced 28% 44121330 Other Tea Chest Panels - Sheets ≤ 6mm with Tropical Wood 18 0 15/11/2017 18% replaced 28% 44121340 Marine and Aircraft Plywood - Sheets ≤ 6mm with Tropical Wood 18 0 15/11/2017 18% replaced 28% 44121350 Cuttings and Trimmings - Sheets ≤ 6mm with Tropical Wood 18 0 15/11/2017 18% replaced 28% 44121390 Other Plywood - Sheets ≤ 6mm with Tropical Wood 18 0 15/11/2017 18% replaced 28% 44121410 Decorative Plywood - Non-Coniferous Outer Ply, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121420 Tea Chest Panels or Shooks 18 0 15/11/2017 18% replaced 28% 44121430 Marine & Aircraft Plywood - Non-Coniferous Outer Ply, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121440 Cuttings & Trimmings - Non-Coniferous Outer Ply, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121490 Other Plywood - Non-Coniferous Outer Ply, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121910 Decorative Plywood - Other Plywood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121920 Tea Chest Panels or Shooks - Other Plywood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121930 Marine & Aircraft Plywood - Other Plywood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121940 Cuttings & Trimmings - Other Plywood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44121990 Other Plywood - Other Plywood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44122210 Decorative Plywood - Non-Coniferous Outer Ply, Tropical Wood 18 0 15/11/2017 18% replaced 28% 44122220 Tea Chest Panels or Shooks - Non-Coniferous Outer Ply, Tropical Wood 18 0 15/11/2017 18% replaced 28% 44122230 Marine & Aircraft Plywood - Non-Coniferous Outer Ply, Tropical Wood 18 0 15/11/2017 18% replaced 28% 44122240 Cuttings & Trimmings - Non-Coniferous Outer Ply, Tropical Wood 18 0 15/11/2017 18% replaced 28% 44122290 Other Plywood - Non-Coniferous Outer Ply, Tropical Wood 18 0 15/11/2017 18% replaced 28% 44122310 Decorative Plywood - Containing Particle Board 18 0 15/11/2017 18% replaced 28% 44122320 Tea Chest Panels or Shooks - Containing Particle Board 18 0 15/11/2017 18% replaced 28% 44122330 Marine & Aircraft Plywood - Containing Particle Board 18 0 15/11/2017 18% replaced 28% 44122340 Cuttings & Trimmings - Containing Particle Board 18 0 15/11/2017 18% replaced 28% 44122390 Other Plywood - Containing Particle Board 18 0 15/11/2017 18% replaced 28% 44122910 Elastic Laminated Plywood 18 0 15/11/2017 18% replaced 28% 44122920 Decorative Plywood 18 0 15/11/2017 18% replaced 28% 44122930 Tea Chest Panels or Shooks 18 0 15/11/2017 18% replaced 28% 44122940 Marine & Aircraft Plywood 18 0 15/11/2017 18% replaced 28% 44122950 Cuttings & Trimmings of Plywood 18 0 15/11/2017 18% replaced 28% 44122990 Other Plywood 18 0 15/11/2017 18% replaced 28% 44123110 Plywood - Tropical Wood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44123120 Plywood - Tropical Wood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44123130 Plywood - Tropical Wood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44123140 Plywood - Tropical Wood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44123150 Plywood - Tropical Wood, ≤ 6mm 18 0 15/11/2017 18% replaced 28% 44123190 Other Plywood - Tropical Wood 18 0 15/11/2017 18% replaced 28% 44123210 Decorative Plywood - Non-Coniferous 18 0 15/11/2017 18% replaced 28% 44123220 Tea Chest Panels - Non-Coniferous 18 0 15/11/2017 18% replaced 28% 44123230 Marine & Aircraft Plywood - Non-Coniferous 18 0 15/11/2017 18% replaced 28% 44123240 Cuttings & Trimmings - Non-Coniferous 18 0 15/11/2017 18% replaced 28% 44123290 Other Plywood - Non-Coniferous 18 0 15/11/2017 18% replaced 28% 44123310 Decorative Plywood - Specific Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123320 Tea Chest Panels - Specific Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123330 Marine & Aircraft Plywood - Specific Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123340 Cuttings & Trimmings - Specific Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123390 Other Plywood - Specific Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123410 Decorative Plywood - Non-Specified Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123420 Tea Chest Panels - Non-Specified Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123430 Marine & Aircraft Plywood - Non-Specified Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123440 Cuttings & Trimmings - Non-Specified Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123490 Other Plywood - Non-Specified Non-Coniferous Woods 18 0 15/11/2017 18% replaced 28% 44123910 Decorative Plywood - Coniferous Wood 18 0 15/11/2017 18% replaced 28% 44123920 Tea Chest Panels - Coniferous Wood 18 0 15/11/2017 18% replaced 28% 44123930 Marine & Aircraft Plywood - Coniferous Wood 18 0 15/11/2017 18% replaced 28% 44123940 Cuttings & Trimmings - Coniferous Wood 18 0 15/11/2017 18% replaced 28% 44123990 Other Plywood - Coniferous Wood 18 0 15/11/2017 18% replaced 28% 44129210 Elastic Laminated Plywood - Tropical Wood 18 0 15/11/2017 18% replaced 28% 44129220 Decorative Plywood - Tropical Wood 18 0 15/11/2017 18% replaced 28% 44129230 Tea Chest Panels - Tropical Wood 18 0 15/11/2017 18% replaced 28% 44129240 Marine & Aircraft Plywood - Tropical Wood 18 0 15/11/2017 18% replaced 28% 44129250 Cuttings & Trimmings - Tropical Wood 18 0 15/11/2017 18% replaced 28% 44129290 Other Plywood - Tropical Wood 18 0 15/11/2017 18% replaced 28% 44129310 Decorative Plywood - Particle Board 18 0 15/11/2017 18% replaced 28% 44129320 Tea Chest Panels - Particle Board 18 0 15/11/2017 18% replaced 28% 44129330 Marine & Aircraft Plywood - Particle Board 18 0 15/11/2017 18% replaced 28% 44129340 Cuttings & Trimmings - Particle Board 18 0 15/11/2017 18% replaced 28% 44129390 Other Plywood - Particle Board 18 0 15/11/2017 18% replaced 28% 44129400 Blockboard, Laminboard & Battenboard 18 0 15/11/2017 18% replaced 28% 44129910 Decorative Plywood - Other 18 0 15/11/2017 18% replaced 28% 44129920 Tea Chest Panels - Other 18 0 15/11/2017 18% replaced 28% 44129930 Marine & Aircraft Plywood - Other 18 0 15/11/2017 18% replaced 28% 44129940 Cuttings & Trimmings - Other 18 0 15/11/2017 18% replaced 28% 44129990 Other Plywood - Other 18 0 15/11/2017 18% replaced 28%
All of the above products, despite being made from timber, are processed and finished differently resulting in different market applications and tax classifications. So let us start dismantling these wooden products and know their HSN codes with the GST rates.
You may also be interested in our other blog on Mentioning of HSN Code Mandatory in GSTR 1
Plywood HSN Code and GST Rate Plywood is used as a wood product today and has replaced solid wood both in furniture walls and flooring. Wood veneers are cut in thin layers and adjacent is layered( each layer having its wood grain rotated by up to 90 degrees) an unsymmetrical composite. This improves the durability and flexibility of plywood which is why it is often used in buildings and interior designs.
HSN Code for Plywood: 4412
Plywood has been provided with an 18% GST Rate in the latest rate schedule. While the rate applies to the majority of plywood products, do check categories or exemptions with authorities or tax professionals.
Laminates HSN Code and GST Rate Laminates are used as a protective and aesthetic surface for furniture, walls, or floors High-pressure laminates are created by bonding layers of kraft paper, decorative paper and a protective overlay to a wooden or plastic substrate under high pressure and temperature.
In the production of wood products, maple refers most widely to plywood loosely referred as to laminated wood not engineered for specific applications.
HSN Code for Laminates 4412
Laminates fall under the 18% GST Rate. Laminates are functionally similar to plywood and subject ot GST rate revisions depending on their final finish or treatment.
Veneers HSN Code and GST Rate Veneer is a thin slice of real wood that is used on core panels (most commonly, wood materials such as Plywood or MDF and sometimes a cheaper material used for Veneer panels to make cheap wardrobes such as Particleboard ) to give the appearance of solid wood. Veneers, due to their beautiful appearance are generally used as inlays on doors, panels or even this cutlery.
There are different types of veneers:
1. Raw veneer: This is simply a sheet of plain wood used straight off the bat, without any further treatment.
2. Reinforced Veneer: It is combined with another material such as paper or fabric to strengthen and toughen up.
3. Reconstituted veneer: Engineered to look like other species of wood.
What Does HSN Code 4412 Encompass? These are not only plywood, laminates and veneers that are being looked at but something more that comes under the HSN code 4412. This code also includes other wood products such as :
Blockboard: This is a type of plywood, where the core is made of strips of softwood wood.
Particle Board: Sheets of compressed wood chips, sawdust and resin.
Fiberboard: MDF (Medium-Density Fiberboard) and HDF (High-Density Fiberboard).
Laminated Veneer Lumber (LVL): a composite building material for beams and other load-bearing structures
Wood Furniture and Wood Products : Engineered wood, particle board, hardboard, fiberboard, OSB, insulation board, lateral and backing; Hence, all of them come under HSN 4412.
4412 HSN Code and GST Rate In other words, HSN Code 4412 is applicable to Plywood, Laminated Wood (including impregnated laminated wood) and veneered panels, where the tax will mostly be of a rate of 18%GST. Most taxes and exempt as per the government notifications, just staying updated with tax rates is what you may require.
Key Factors Impacting GST on Plywood, Laminates, and Veneers Some of the main factors leading to fluctuation in the GST rate on plywood, laminates, and veneers are as follows −
1. Category: The GST rate may change according to the type of wood and treatment on a product-type basis. Specialized wood treatments, for instance, could trigger a different rate.
2. End Use: Items can be taxed at a lower GST rate or are exempted as per the use, such as for-, low-cost housing, rural development etc.
3. Social Responsibility: GST rates may fluctuate relative to the economic vision of the central government such as focusing on manufacturing or encouraging green substitutes.
Challenges for Businesses Challenges for businesses involved in Plywood Laminates and Veneers getting GST compliant are :
Correct Classification: Ensure that their products are classified under the correct HSN code to prevent any penalty or tax dispute.
GST Filing: Timely GST returns and input tax credit filings to maximize cash flow and minimize tax obligations.
Stay Updated: Keep up with updates to government notifications regarding their product category and the likely HSN & SAC code that applies or any changes in relevant tax laws influencing GST rates.
Conclusion To know the classification of HSN code in respect of a business it would be helpful for a businessman to ensure whether he could claim benefit of the prepared HSN classification and also they can know how much rate of gst has been fixed at such commodity so that they can comply with its details and can correctly price their goods
As is the norm, businesses should take professional assistance or employ tools such as automated software for their GST filings and incorporate regular tax changes to avoid any compliance problems. Because tax is incredibly elastic and the government can change policy, industrial legislation makes it important for those in the industry to be knowledgeable and flexible.
By rightly classifying and taxing, businesses will not only cut down on time on administrative tasks but can prioritize extending their business to one of the largest real estate and interior design markets in India.Wooden Furniture: 9403 HSN Code and GST Rate
Smooth GST Compliance with Swipe How to handle GST for Plywood, Laminates & Veneers Business? Swipe: Invoicing and accounting specifically for the intricate HSN Code 4412 Be it plywood, laminated wood or veneers; Swipe even extends this expertise to complex matters such as GST filing and invoicing along with compliance within the 18% GST rate. Helping you save time, prevent expensive mistakes and allow more space for your business to grow! Enroll today and experience a smoother ride with your GSTs.
Visit Swipe to get started.
FAQ 1. What is the HSN Code for plywood? The HSN Code for plywood is 4412, which also covers other wood products like veneered panels and laminated wood.
2. What is the GST rate on plywood, laminates, and veneers? The GST rate for plywood, laminates, and veneers under HSN Code 4412 is typically 18%.
3. Does HSN Code 4412 only cover plywood? No, HSN Code 4412 also includes laminated wood, veneers, and other similar wood-based products.
4. Why is the HSN Code important for GST? HSN Codes help categorize goods for consistent GST rates and easier tax filing
5. Do different types of wood products have different GST rates? Most wood products under HSN 4412 are taxed at 18%, but special categories might have different rates.
People Also Ask 1. What is the HSN code 44121310? HSN 44121310 refers to plywood of tropical wood, not glued, and over 6 mm thick.
2. What is the HSN code 4202 for bags? HSN 4202 covers trunks, suitcases, school bags, travelling bags, handbags, and similar containers.
3. Which HSN code is GST free? HSN codes for essential food items like fresh fruits (HSN 0801–0810), vegetables (HSN 0701–0714), unbranded rice (HSN 1006), and fresh milk (HSN 0401) are generally GST exempt.
4. How to find HSN code & GST rate? You can find HSN codes and GST rates on the GST portal (gst.gov.in), CBIC notifications, or Customs Tariff and HSN databases.
5. What is the 6-digit HSN code in GST? A 6-digit HSN code is the standard classification code used in India for GST invoicing to identify goods, e.g., 100630 for basmati rice, 610110 for men’s cotton shirts.
.png)
-compressed.jpg)
.jpg)
.png){kind=small}
.png){kind=small}
.png){kind=small}
.png){kind=small}
