Within Chapter 54 – Man-Made Filaments; Strip And, HSN Code 54073040 serves as the official classification for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed. This code determines tax rates and compliance obligations for all entities trading in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi 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 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 54073040

Goods classified as Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed under HSN 54073040 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect m2 as the measurement standard for Chapter 54 – Man-Made Filaments; Strip And products.

Who Should Use HSN Code 54073040?

Traders, manufacturers, and importers of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed are required to mention HSN Code 54073040 on all GST documents. This Man-Made Filaments; Strip And classification under Chapter 54 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Looking to deal in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed? GST registration is your first compliance requirement for HSN 54073040 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

Accurate HSN Code 54073040 usage for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 54 – Man-Made Filaments; Strip And to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 54073040 belong to?

HSN Code 54073040 falls under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff schedule. This chapter covers various goods including Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed.

Is IGST applicable on Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed?

Yes, IGST at 5.00% is applicable when Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed is supplied interstate or imported. For local sales within a state, CGST at 2.50% and SGST/UTGST at 2.50% apply instead.

Can e-commerce sellers use HSN Code 54073040?

Yes, e-commerce sellers dealing in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Fabrics Specified In Note 9 To Section Xi Printed must use HSN 54073040 on their invoices. This applies to all online platforms operating under Man-Made Filaments; Strip And classification.

How do I start an import business for Man-Made Filaments; Strip And goods?

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.

More HSN codes from Chapter 54

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