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The purpose of HSN codes is to make GST systematic and globally accepted. The Harmonized system of Nomenclature (HSN) code is used for classifying goods under the Goods and Services Tax (GST) in India. The HSN code is a six-digit code that uniquely identifies a product.
When in the form of a bar, cake or moulded shape, such soap is classified under heading 34.01 (Soap, among others), then under 1-dash subheading 3401.1 (Soap and organic surface-active products and preparations, in the form of bars, cakes, moulded pieces or shapes, and paper, wadding, felt and nonwovens, impregnated, coated or covered with soap ...
India has specific laws for its SEZs. India was one of the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. In order to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of ...
Recycling codes are used to identify the materials out of which the item is made, to facilitate easier recycling process. The presence on an item of a recycling code, a chasing arrows logo, or a resin code , is not an automatic indicator that a material is recyclable; it is an explanation of what the item is made of.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
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Modern steelmaking in India began with the setting of the first blast furnace of India at Kulti in 1870 and production began in 1874, which was set up by Bengal Iron Works. While first modern steel manufacturing plant was set up at the Gun & Shell Factory (GSF), in 1801, [ 24 ] and along with the Metal & Steel Factory (MSF), at Calcutta, [ 25 ...
Toxicity labels [1] viz; red label, yellow label, blue label and green label are mandatory labels employed on pesticide containers in India identifying the level of toxicity (that is, the toxicity class) of the contained pesticide. [1] [2] [3] The schemes follows from the Insecticides Act of 1968 [1] and the Insecticides Rules of 1971.