Within Chapter 54 – Man-Made Filaments; Strip And, HSN Code 54024900 serves as the official classification for Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified. This code determines tax rates and compliance obligations for all entities trading in Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified. CGST applies at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Measurement is standardized in kg..
HSN Codes under Chapter 54 – Man-Made Filaments; Strip And
Below are related HSN codes from Chapter 54 – Man-Made Filaments; Strip And for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Man-Made Filaments; Strip And... | 54011000 | Sewing Thread Of Man-Made Filaments, Whether Or No... | 0.06 | 0.06 | 0.12 |
| Man-Made Filaments; Strip And... | 54012000 | Sewing Thread Of Man-Made Filaments, Whether Or No... | 0.06 | 0.06 | 0.12 |
| Man-Made Filaments; Strip And... | 54021010 | Synthetic Filament Yarn (Other Than Sewing Thread)... | 9.00% | 9.00% | 18.00% |
| Man-Made Filaments; Strip And... | 54021090 | Synthetic Filament Yarn (Other Than Sewing Thread)... | 0.09 | 0.09 | 0.18 |
| Man-Made Filaments; Strip And... | 54021100 | Synthetic Filament Yarn (Other Than Sewing Thread)... | 9.00% | 9.00% | 18.00% |
| Man-Made Filaments; Strip And... | 54021110 | High Tenacity Yarn Of Nylon Or Other Polyamides | 0.09 | 0.09 | 0.18 |
| Man-Made Filaments; Strip And... | 54021910 | Other High Tenacity Yarn Of Nylon Or Other Polyami... | 9.00% | 9.00% | 18.00% |
| Man-Made Filaments; Strip And... | 54021920 | Nylon 66 Filament Yarn Confirming To Is 13464 | 9.00% | 9.00% | 18.00% |
| Man-Made Filaments; Strip And... | 54021990 | Other High Tenacity Yarn Of Nylon Or Other Polyami... | 0.09 | 0.09 | 0.18 |
| Man-Made Filaments; Strip And... | 54022010 | Synthetic Filament Yarn (Other Than Sewing Thread)... | 9.00% | 9.00% | 18.00% |
GST Rates for HSN 54024900
Goods classified as Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified under HSN 54024900 are taxed based on transaction type. Local sales attract CGST at 0.09 plus SGST/UTGST at 0.09. For supplies crossing state boundaries, IGST at 0.18 applies. Documentation must reflect kg. as the measurement standard for Chapter 54 – Man-Made Filaments; Strip And products.
Who Should Use HSN Code 54024900?
Manufacturers, wholesalers, retailers, and exporters dealing in Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified are required to mention HSN 54024900 on all tax documents. This classification under Man-Made Filaments; Strip And applies to businesses of all sizes operating within Chapter 54. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified? Complete GST registration to legally collect taxes on goods under HSN 54024900. Businesses importing or exporting Man-Made Filaments; Strip And 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
Accurate HSN Code 54024900 usage for Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 54 – Man-Made Filaments; Strip And to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 54024900 for accurate classification of Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified.
Yes, registered businesses can claim input tax credit on Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified purchases made under HSN 54024900. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Other High Tenacity Yarn Of Nylon Or Other Polyamides, Not Elsewhere Specified internationally. For domestic trade within Man-Made Filaments; Strip And, GST registration is sufficient.