Introduction
Cork is one of the buoyant and impermeable material, which contains phellem bark tissue layer harvested for several commercial purposes from the oak cork. Cork is known for its buoyancy, elasticity, impermeability, and fire redundant properties. For this reason, many businesses and industries in India use cork and cork articles in several products, including a few wine stoppers.
If you are involved in the business of cork and cork articles, you must be aware of the Chapter 45 of the GST and HSN Code based on the latest GST law prevailing in India.
| HSN Codes | Description | Rate | Effective Date |
| 4501 | Natural cork, simply prepared, or raw cork, waste cork, ground, granulated, or crushed cork | 18% | 1st January 2019 and 1st July 2017 |
| 4501 | Natural cork, simply prepared or raw cork | 5% | 1st January 2019 and 1st July 2017 |
| 45011000 | Natural cork, simply prepared or raw cork | 18% | 1st January 2019 and 1st July 2017 |
| 45019000 | Other | 18% | 1st January 2019 and 1st July 2017 |
| 4502 | Natural cork, roughly squared or debacked in square or rectangular plates, blocks, strips, or sheets, along with sharp-edged blanks for stoppers or corks | 0% | 1st January 2019 |
| 45020000 | Natural cork, roughly squared or debacked in square or rectangular plates, blocks, strips, or sheets, along with sharp-edged blanks for stoppers or corks | 12% | 1st January 2019 |
| 4503 | Natural cork articles | 12% | 1st January 2019 |
| 45031000 | Stoppers and corks | 12% | 1st January 2019 |
| 450390 | Other: | 12% | 1st January 2019 |
| 45039010 | Shuttlecock cork bottom | 12% | 1st January 2019 |
| 45039090 | Other | 12% | 1st January 2019 |
| 4504 | Agglomerated cork without or with a binding substance and articles made of agglomerated cork | 12% | 1st January 2019 |
| 450410 | Plates, blocks, strips, and sheets, solid cylinders, tiles of every shape, including the discs | 12% | 1st January 2019 |
| 45041010 | Sheets | 12% | 1st January 2019 |
| 45041020 | Slabs | 12% | 1st January 2019 |
| 45041090 | Other | 12% | 1st January 2019 |
| 45049000 | Other | 12% | 1st January 2019 |
Read More : GST Rate & HSN Code for Rubber and articles thereof – Chapter 40
Conclusion
To conclude, the GST Rate & HSN Code for Cork and articles of cork – Chapter 45 is of utmost importance for everyone willing to perform business deals, exports, and imports with a wide range of cork-made products and cork in the pure form. Make sure to check each specific HSN code to keep yourself updated with the new GST rates and regulations available in India.
