Within Chapter 54 – Man-Made Filaments; Strip And, HSN Code 54074300 serves as the official classification for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours. 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 Other Woven Fabrics, Containing 85% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours. CGST applies at 0.025, SGST/UTGST at 0.025 for local transactions, and IGST at 0.05 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 54074300
The taxation of Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours under HSN Code 54074300 depends on supply location. Intrastate transactions require CGST at 0.025 and SGST/UTGST at 0.025. Interstate supplies are charged IGST at 0.05. Invoices should consistently use m2 for Man-Made Filaments; Strip And goods under Chapter 54.
Who Should Use HSN Code 54074300?
Every entity transacting in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours must quote HSN Code 54074300 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
Looking to deal in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours? GST registration is your first compliance requirement for HSN 54074300 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 54074300 usage for Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours simplifies reconciliation and protects against penalties. Keep current with 0.025, 0.025, and 0.05 updates for Chapter 54 – Man-Made Filaments; Strip And to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
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% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours under HSN Code 54074300 is m2. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in Woven Fabrics Of Synthetic Filament Yarn, Including Woven Fabrics Obtained From Materials Of Heading 5404 Other Woven Fabrics, Containing 85% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours must use HSN 54074300 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 54074300 for Man-Made Filaments; Strip And goods before invoicing.
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% Or More By Weight Of Filaments Of Nylon Or Other Polyamides : Dyed :Of Yarn Of Different Colours under Man-Made Filaments; Strip And. This registration links your bank account to process foreign currency payments from overseas buyers.