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Moving on, here is a look at the GST rates decided for various optical products & their HSN codes: Ophthalmic Rough Blanks 70151010 ⇒ 12%; Flint Buttons 70151020 ⇒ 12%; Contact Lens 90013000 ⇒ 12%; Ophthalmic Glass Lens 90014090 ⇒ 12%; Ophthalmic Plastic Lens 90015000 ⇒ 12%; Plastic Frames 90031100 ⇒ 18%; Metal Frames 90031900 ⇒ 18%
WhatsApp: +86 18221755073Optical fibres and optical fibre bundles; optical fibre cables other than those of heading no 8544; sheets and plates of polarising material; lenses (including contact lenses), prisms, mirrors and other optical elements, of any material, unmounted, other than such elements of glass not optically worked: 900190: Other: 90019090: Other: 90015000
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WhatsApp: +86 18221755073Every products have its own HSN code, where Spectacle lenses, contact lens has HSNCode : 9001 taxed at 12% rate of GST. The Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof falls under Chapter 90 of GST bill.
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WhatsApp: +86 18221755073The global optical lens market size was valued at USD 18.09 billion in 2023. The market is projected to grow from USD 19.49 billion in 2024 to USD 40.27 billion by 2032, exhibiting a CAGR of 9.5% during the forecast period. …
WhatsApp: +86 18221755073According to Volza's India Import data, India imported 216 shipments of Optical Lens and HSN Code 90019090 during Mar 2023 to Feb 2024 (TTM). These imports were supplied by 48 foreign exporters to 38 Indian buyers, marking a growth rate of 8% compared to the preceding twelve months.Within this period, in Feb 2024 alone, India imported 23 Optical Lens and HSN Code …
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