The Harmonized System of Nomenclature (HSN) code for an Uninterruptible Power Supply (UPS) is 85044090.
Understanding the HSN Code for UPS
The HSN code is a globally recognized product classification system used by customs authorities worldwide to classify goods for international trade. This standardization helps in streamlining customs procedures, determining applicable duties and taxes, and collecting trade statistics.
For an Uninterruptible Power Supply (UPS), the HSN code 85044090 specifically categorizes it as a type of static converter.
Breakdown of HSN Code 85044090
To understand the classification better, the HSN code can be broken down as follows:
- Chapter 85: This chapter covers "Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles."
- Heading 8504: This specific heading within Chapter 85 pertains to "Transformers, static converters (for example, rectifiers) and inductors."
- Sub-heading 850440: This further narrows down the category to "Static converters."
- HSN Code 85044090: This full 8-digit code typically refers to "Other" static converters, which accurately includes UPS systems due to their function in converting and conditioning electrical power. This code is commonly used for import data collection of Uninterruptible Power Supply units in India.
Importance of the Correct HSN Code
Knowing the precise HSN code for UPS systems is critical for several reasons, particularly for businesses involved in import and export:
- Accurate Customs Clearance: Proper classification ensures smooth and efficient processing of goods through customs, preventing delays.
- Duty and Tax Calculation: It helps in the correct assessment and payment of customs duties, Goods and Services Tax (GST), and other applicable taxes, ensuring compliance.
- Trade Regulations: Adhering to the correct HSN code is essential for compliance with international trade laws and regulations, avoiding penalties or legal issues.
- Market Analysis: The data collected under this code contributes to trade statistics, offering insights into the import and export trends of UPS systems.
Summary Table
Product | HSN Code | Category |
---|---|---|
Uninterruptible Power Supply (UPS) | 85044090 | Electrical Equipment, Static Converter |