54074230 is the designated HSN classification for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta, categorized under Chapter 54 – Man-Made Filaments; Strip And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in m2 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 54074230

For Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta classified under HSN Code 54074230, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. m2 is the prescribed measurement for Man-Made Filaments; Strip And under Chapter 54.

Who Should Use HSN Code 54074230?

Manufacturers, wholesalers, retailers, and exporters dealing in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta are required to mention HSN 54074230 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 Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta? GST registration is your first compliance requirement for HSN 54074230 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 54074230 usage for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta 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)

What is the unit of measurement for HSN 54074230?

The standard unit of measurement for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta under HSN Code 54074230 is m2. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 54074230 mandatory for small businesses?

Yes, businesses dealing in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta must use HSN 54074230 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 Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 54074230 for Man-Made Filaments; Strip And goods before invoicing.

Do I need AD Code registration for exporting Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta?

Yes, AD Code registration is required for exporters dealing in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85 Percent Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Nylon Tafetta under Man-Made Filaments; Strip And. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 54

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