Natural gums, resins, gum-resins and oleoresins (for example, balsams) ; Compounded asafoetida commonly known as heeng
Under the Harmonized System of Nomenclature (HSN), the code 1301 specifically identifies natural gums, resins, gum-resins and oleoresins (for example, balsams) ; compounded asafoetida commonly known as heeng for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.
"Classifying natural gums, resins, gum-resins and oleoresins (for example, balsams) ; compounded asafoetida commonly known as heeng correctly is critical to avoid litigation. While the base rate is 5%, always check for anti-dumping duties if importing, especially under the Gums & Resins category. AasanKhata automatically monitors these shifts for you."