Within Chapter 53 – Other Vegetable Textile Fibre, HSN Code 53029000 serves as the official classification for True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other. This code determines tax rates and compliance obligations for all entities trading in True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other. CGST applies at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 for interstate supplies. Measurement is standardized in kg..
HSN Codes under Chapter 53 – Other Vegetable Textile Fibre
Below are related HSN codes from Chapter 53 – Other Vegetable Textile Fibre for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Other Vegetable Textile Fibre... | 53011000 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53012100 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53012900 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53013000 | Flax, Raw Or Processed But Not Spun; Flax Tow And ... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53021000 | True Hemp (Cannabis Sativa L ), Raw Or Processed B... | 0.025 | 0.025 | 0.05 |
| Other Vegetable Textile Fibre... | 53031010 | Jute And Other Textile Bast Fibres (Excluding Flax... | 2.50% | 2.50% | 5.00% |
| Other Vegetable Textile Fibre... | 53031090 | Jute And Other Textile Bast Fibres (Excluding Flax... | 0 | 0 | 0 |
| Other Vegetable Textile Fibre... | 53039010 | Jute And Other Textile Bast Fibres (Excluding Flax... | 0.00% | 0.00% | 0.00% |
| Other Vegetable Textile Fibre... | 53039090 | Jute And Other Textile Bast Fibres (Excluding Flax... | 0 | 0 | 0 |
| Other Vegetable Textile Fibre... | 53050010 | Coconut ,Abaca,Ramie And Other Vegetable Textile F... | 0.00% | 0.00% | 0.00% |
GST Rates for HSN 53029000
Tax liability for True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other under HSN 53029000 varies by transaction geography. CGST at 0.025 combined with SGST/UTGST at 0.025 applies to local sales. Interstate movement attracts IGST at 0.05. All billing for Chapter 53 – Other Vegetable Textile Fibre products must use kg..
Who Should Use HSN Code 53029000?
Any business engaged in supplying True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other must apply HSN 53029000 on invoices. The Other Vegetable Textile Fibre category under Chapter 53 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Commencing trade in True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other? Secure GST registration to handle taxes on HSN 53029000 classified goods. Businesses with international operations in Other Vegetable Textile Fibre need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Using HSN Code 53029000 accurately for True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other avoids compliance issues and facilitates credit claims. Monitor changes to 0.025, 0.025, and 0.05 rates for Chapter 53 – Other Vegetable Textile Fibre to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
What is HSN Code 53029000 used for?
HSN Code 53029000 is used to classify True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other under Chapter 53 – Other Vegetable Textile Fibre for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 53029000?
For True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.
Do I need GST registration to trade in True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other?
Yes, GST registration is mandatory for businesses dealing in True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other under HSN 53029000. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing True Hemp (Cannabis Sativa L ), Raw Or Processed But Not Spun; Tow And Waste Of True Hemp (Including Yarn Waste And Garnetted Stock) Other?
For importing goods under Other Vegetable Textile Fibre, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.