Rupee notes or coins when sold to Reserve Bank of India or the Government of India
Under the Harmonized System of Nomenclature (HSN), the code 4907 specifically identifies rupee notes or coins when sold to reserve bank of india or the government of india for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.
"Classifying rupee notes or coins when sold to reserve bank of india or the government of india correctly is critical to avoid litigation. While the base rate is 0%, always check for anti-dumping duties if importing, especially under the Printed Books category. AasanKhata automatically monitors these shifts for you."