The Harmonized System of Nomenclature (HSN) code Cosco football 95069990 HSN is used to classify various sports-related products, including sports balls, gym equipment, and outdoor games. This code is essential for businesses dealing with sports articles, ensuring proper taxation and international trade compliance.
Cosco, a well-known brand in the sports industry, produces a wide range of footballs that fall under this classification. Whether you are a retailer, distributor, or sports enthusiast, understanding the HSN code for Cosco footballs helps in better pricing, import/export procedures, and taxation.
Understanding HSN Code 95069990
HSN codes are used globally to categorize products systematically. The 95069990 code is part of the sports equipment category and includes:
- Footballs (soccer balls)
- Basketballs
- Volleyballs
- Gym and fitness equipment
- Other sports-related articles
Since Cosco footballs are primarily used for outdoor and professional sports, they are classified under this HSN code for accurate trade and taxation.
About Cosco Footballs
Overview of Cosco as a Brand
Cosco is a well-known Indian brand specializing in sports goods and fitness equipment. Their footballs are highly regarded for their durability, quality, and affordability. Many players, schools, and training academies prefer Cosco footballs because they offer high performance at a reasonable price.
Features of Cosco Footballs
Cosco footballs are designed for different types of play. Some of their common features include:
- Material: Made from synthetic leather, rubber, or polyurethane for enhanced durability.
- Construction: Available in stitched or molded designs to suit different playing surfaces.
- Grip and Control: Offers excellent grip for controlled dribbling and passing.
- Air Retention: High-quality bladder inside ensures long-lasting air retention.
- Weather Resistance: Designed to withstand various weather conditions, making them ideal for outdoor games.
Types of Cosco Footballs
Cosco offers various football models suitable for different levels of play, including:
- Cosco Milano – A durable rubber football for recreational play.
- Cosco Thunder – Designed for rough surfaces like streets and playgrounds.
- Cosco Platinum – A premium synthetic leather ball used for professional matches.
- Cosco Rio – Suitable for beginners and training sessions.
Why is HSN Code 95069990 Important for Cosco Footballs?
The HSN code 95069990 is essential for sports equipment manufacturers, distributors, and retailers because it:
Simplifies Trade and Customs Clearance
The HSN code ensures proper classification during imports and exports.
It helps in customs documentation and smooth clearance procedures.
Determines Taxation and GST Rates
In India, sports goods under this HSN code attract 5% GST.
Proper classification helps businesses calculate correct taxes, avoiding legal issues.
Prevents Misclassification
Using the right HSN code avoids errors in billing, inventory, and pricing.
Misclassification can lead to penalties, fines, or incorrect tax rates.
Customs, Import, and Export Guidelines for Cosco Footballs
Customs, Import, and Export Guidelines for Cosco Footballs
If you are importing or exporting Cosco footballs, here are some key points:
Proper Documentation:
Importers/exporters must mention HSN 95069990 in their invoices.
Ensure customs clearance certificates are correctly filed.
Import Duties and Taxes:
Many countries impose low tariffs on sports goods to promote fitness and recreation.
Always check with local customs offices for the latest import/export duties.
Packaging and Labeling Requirements:
Proper labeling with HSN codes, material details, and manufacturing country is necessary.
Some countries have specific safety and quality standards for sports goods.
Who Needs to Know About HSN Code 95069990?
Several professionals and businesses must understand this HSN code for Cosco footballs, including:
- Sports Equipment Retailers – To classify and sell products correctly.
- Distributors & Wholesalers – For managing import/export transactions smoothly.
- Manufacturers – To comply with tax and trade regulations.
- Sports Academies & Institutions – For proper tax filing and bulk purchases.
How to Check the Correct HSN Code for Sports Goods?
To verify the correct HSN code for footballs or any sports equipment, follow these steps:
- Visit Official Trade Portals – Websites like CBIC, GST Council, or international tariff portals provide accurate HSN classifications.
- Check Government Regulations – Local authorities update HSN codes periodically.
- Consult a Tax Expert – If you’re unsure, an accountant or tax consultant can confirm the proper classification.
Cosco Footballs and the Sports Industry
Contribution to Sports Development
Cosco footballs are widely used in:
- Schools and Colleges for training sessions.
- Local Football Clubs for tournaments and practice.
- Professional Leagues for official matches.
Impact on Physical Fitness and Sports Culture
Football is one of the most popular sports globally. Cosco, by offering affordable and high-quality footballs, plays a role in:
- Encouraging young athletes to take up the sport.
- Providing affordable options for amateur players.
- Supporting grassroots football development.
Conclusion
The Cosco football 95069990 HSN code is an essential classification for sports equipment, including Cosco footballs. This code helps in trade, taxation, and business compliance by ensuring smooth import/export processes.
Cosco footballs continue to be a preferred choice for football enthusiasts, schools, and professional players. Understanding the correct HSN classification allows businesses and consumers to navigate the market efficiently, ensuring compliance with tax laws and trade policies.
By knowing the correct HSN code, sports retailers, importers, and manufacturers can avoid taxation errors, streamline logistics, and contribute to the growth of the sports industry.
FAQs
What is HSN code 95069990 for Cosco footballs?
It is a classification code for sports equipment, including footballs, used for trade, taxation, and customs.
Why is HSN 95069990 important for football retailers?
It ensures correct GST application (5% in India) and simplifies inventory management and tax filing.
Can Cosco footballs be imported/exported under HSN 95069990?
Yes, it is the standard code for international trade, ensuring smooth customs clearance.
Which Cosco football models fall under this HSN code?
Models like Cosco Milano, Thunder, Platinum, and Rio are categorized under this code.
Does the HSN code affect the pricing of Cosco footballs?
Indirectly, as it determines the tax rates and duties applied during sales and trade.
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