54034170 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 Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright, 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 Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 9.00%, SGST/UTGST at 9.00% for local transactions, and IGST at 18.00% for interstate supplies. Quantities are measured in kg. 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 54034170
The taxation of Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright under HSN Code 54034170 depends on supply location. Intrastate transactions require CGST at 9.00% and SGST/UTGST at 9.00%. Interstate supplies are charged IGST at 18.00%. Invoices should consistently use kg. for Man-Made Filaments; Strip And goods under Chapter 54.
Who Should Use HSN Code 54034170?
Manufacturers, wholesalers, retailers, and exporters dealing in Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright are required to mention HSN 54034170 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
Looking to deal in Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright? GST registration is your first compliance requirement for HSN 54034170 goods. International traders in Man-Made Filaments; Strip And products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Using HSN Code 54034170 accurately for Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright avoids compliance issues and facilitates credit claims. Monitor changes to 9.00%, 9.00%, and 18.00% rates for Chapter 54 – Man-Made Filaments; Strip And to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
The standard unit of measurement for Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright under HSN Code 54034170 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright must use HSN 54034170 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 54034170 for Man-Made Filaments; Strip And goods before invoicing.
Yes, AD Code registration is required for exporters dealing in Artificial Filament Yarn (Other Than Sewing Thread), Not Put For Retail Sale, Including Artificial Mono Filament Of Less Than 67 Decitex Other Yarn, Multiple (Folded) Or Cabled : Of Viscose Rayon : Of 167 Decitex, Bright under Man-Made Filaments; Strip And. This registration links your bank account to process foreign currency payments from overseas buyers.