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T2020-2 Effective date: 2020-07-01. Customs Tariff by chapter. Customs Tariff complete. PDF format [51.9 Mb] Microsoft Access ® format [zip file – 755 Kb] CADEX-formatted.
The HSN will help every taxpayer in India to search the GST rate by just entering the HSN code after that the system will autoally show the tax rate applicable on the commodity under the GST, hence abridging and simplifying the trade related procedures in India. That is why it is mandatory to mention the correct HSN codes during the GST
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To find out how much you'll need to pay, you'll need to check the commodity code for umbrellas, and apply the import duty rate for that code — 6.5%. Tax will be due on the cost of the goods without shipping, which in this case is $28,000. 6.5% of $28,000 is $1,820.
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