Within Chapter 53 – Other Vegetable Textile Fibre, HSN Code 53092920 serves as the official classification for Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed. This code determines tax rates and compliance obligations for all entities trading in Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed. CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in m2.
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 53092920
The tax structure for Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed under HSN Code 53092920 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. All invoices must record quantities in m2 as the standard measurement for goods under Chapter 53 – Other Vegetable Textile Fibre.
Who Should Use HSN Code 53092920?
Traders, manufacturers, and importers of Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed are required to mention HSN Code 53092920 on all GST documents. This Other Vegetable Textile Fibre classification under Chapter 53 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Starting a business involving Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed? GST registration is mandatory for collecting and remitting taxes on HSN 53092920 goods. Companies planning international trade within Other Vegetable Textile Fibre must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Proper use of HSN Code 53092920 for Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 53 – Other Vegetable Textile Fibre through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 53092920?
The standard unit of measurement for Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed under HSN Code 53092920 is m2. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 53092920 mandatory for small businesses?
Yes, businesses dealing in Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed must use HSN 53092920 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 Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 53092920 for Other Vegetable Textile Fibre goods before invoicing.
Do I need AD Code registration for exporting Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed?
Yes, AD Code registration is required for exporters dealing in Woven Fabrics Of Flax Containing Less Than 85% By Weight Of Flax : Other :Printed under Other Vegetable Textile Fibre. This registration links your bank account to process foreign currency payments from overseas buyers.