What is HSN Code 81049020?
HSN code 81049020 is the Harmonized System of Nomenclature classification for Magnesium And Articles Thereof, Including Waste And Scrap under India's Goods and Services Tax (GST). It is a 8-digit code sitting at the tariff item (8-digit) level of the HSN hierarchy.
This code belongs to Chapter 81 — Other Base Metals; Cermets; Articles Thereof, which is part of Section XV: Base Metals & Articles Thereof. Every GST-registered business supplying magnesium and articles thereof, including waste and scrap must quote HSN 81049020 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.