54031010 is the designated HSN classification for Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex, categorized under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 6.00%, SGST/UTGST at 6.00% for local transactions, and IGST at 12.00% for interstate supplies. Quantities are measured in N.a for billing purposes.
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 54031010
Goods classified as Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex under HSN 54031010 are taxed based on transaction type. Local sales attract CGST at 6.00% plus SGST/UTGST at 6.00%. For supplies crossing state boundaries, IGST at 12.00% applies. Documentation must reflect N.a as the measurement standard for Chapter 54 – Man-Made Filaments; Strip And products.
Who Should Use HSN Code 54031010?
Every entity transacting in Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex must quote HSN Code 54031010 on invoices. This includes traders, distributors, and e-commerce sellers operating under Man-Made Filaments; Strip And. Chapter 54 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Entering the Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex market requires essential registrations. GST registration enables legal tax collection on HSN 54031010 goods. For cross-border trade in Man-Made Filaments; Strip And items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate HSN Code 54031010 usage for Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex simplifies reconciliation and protects against penalties. Keep current with 6.00%, 6.00%, and 12.00% updates for Chapter 54 – Man-Made Filaments; Strip And to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
HSN Code 54031010 falls under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff schedule. This chapter covers various goods including Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex.
Yes, IGST at 12.00% is applicable when Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex is supplied interstate or imported. For local sales within a state, CGST at 6.00% and SGST/UTGST at 6.00% apply instead.
Yes, e-commerce sellers dealing in Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex High Tenacity Yarn Of Viscose Rayon : Viscose Rayon Tyre Yarn 1,233 Decitex must use HSN 54031010 on their invoices. This applies to all online platforms operating under Man-Made Filaments; Strip And classification.
To import goods under Man-Made Filaments; Strip And, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.