HSN Code: 53072000 Yarn Of Jute Or Of

Within Chapter 53 – Other Vegetable Textile Fibre, HSN Code 53072000 serves as the official classification for Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled. This code determines tax rates and compliance obligations for all entities trading in Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled. 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...	53029000	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

GST Rates for HSN 53072000

Tax liability for Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled under HSN 53072000 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 53072000?

All businesses supplying Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled are obligated to use HSN 53072000 on tax invoices. From producers to retailers within Other Vegetable Textile Fibre, Chapter 53 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Planning to trade in Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled? Complete GST registration to legally collect taxes on goods under HSN 53072000. Businesses importing or exporting Other Vegetable Textile Fibre products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.

Why Correct Classification Matters

Correct HSN Code 53072000 application for Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled ensures smooth input credit utilization and assessment processes. Track 0.025, 0.025, and 0.05 rate changes for Chapter 53 – Other Vegetable Textile Fibre through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 53072000?

The standard unit of measurement for Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled under HSN Code 53072000 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 53072000 mandatory for small businesses?

Yes, businesses dealing in Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled must use HSN 53072000 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.

What happens if I use wrong HSN code for Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 53072000 for Other Vegetable Textile Fibre goods before invoicing.

Do I need AD Code registration for exporting Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled?

Yes, AD Code registration is required for exporters dealing in Yarn Of Jute Or Of Other Textile Bast Fibres Of Heading 5303 Multiple (Folded) Or Cabled under Other Vegetable Textile Fibre. This registration links your bank account to process foreign currency payments from overseas buyers.

HSN Code & GST Rates for Yarn Of Jute Or Of :- 53072000