M/s M&I Materials India Private Limited

Q. What is the correct Harmonized System of Nomenclature (HSN) code and the applicable GST rate for our products MIDEL eN 1204 (rapeseed oil based dielectric transformer fluid) and MIDEL eN 1215 (soya oil based dielectric transformer fluid) in terms of Notification No. 1/2017-Central Tax (Rate) dated 28 June 2017?

Answer. The product would fall in schedule entry 27 of Schedule 11 of the Notification No. 1/2017 6% each of Central/State Tax (Rate) under Tariff Heading 1518 and thereby taxable Central Goods and Services Tax and Maharashtra Goods and Services Tax.