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HSN Code 1703 refers to "Molasses resulting from the extraction or refining of sugar." This classification code is essential for identifying molasses for import/export purposes based on its nature and intended use in various industries. Common products under HSN Code 1703 include sugarcane molasses, sugar beet molasses, and industrial-grade molasses. Additionally, the GST rate for molasses under this code supports trade compliance and accurate reporting.
HSN Code1703
| HSN Code | Description | GST% | Effective Date |
|---|---|---|---|
| 170310 | Cane molasses resulting from the extraction or refining of sugar | 28% | 01/07/2017 |
| 170390 | Beet molasses resulting from the extraction or refining of sugar | 28% | 01/07/2017 |
| 17031000 | CANE MOLSES RSLTD FRM EXTRCTN/RFNG OF SUGR | 28% | 01/07/2017 |
| 17039010 | MOLASSES (EXCLUDING CANE) EDIBLE | 28% | 01/07/2017 |
| 17039090 | OTHR MULSES OTHR THN EDIBLE | 28% | 01/07/2017 |
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