Within Chapter 55 – Man-Made Staple Fibres, HSN Code 55162300 serves as the official classification for Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours. This code determines tax rates and compliance obligations for all entities trading in Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns 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 55 – Man-Made Staple Fibres
Below are related HSN codes from Chapter 55 – Man-Made Staple Fibres for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Man-Made Staple Fibres... | 55011000 | Synthetic Filament Tow - Of Nylon Or Other Polyami... | 0.09 | 0.09 | 0.18 |
| Man-Made Staple Fibres... | 55011100 | Man-Made Staple Fibres~Synthetic Filament Tow~ Of ... | 0.09 | 0.09 | 0.18 |
| Man-Made Staple Fibres... | 55011900 | Man-Made Staple Fibres~Synthetic Filament Tow~ Oth... | 0.09 | 0.09 | 0.18 |
| Man-Made Staple Fibres... | 55012000 | Synthetic Filament Tow - Of Polyesters | 0.09 | 0.09 | 0.18 |
| Man-Made Staple Fibres... | 55013000 | Synthetic Filament Tow - Acrylic Or Modacrylic | 0.09 | 0.09 | 0.18 |
| Man-Made Staple Fibres... | 55014000 | Synthetic Filament Tow - Of Polypropylene | 0.09 | 0.09 | 0.18 |
| Man-Made Staple Fibres... | 55019010 | Synthetic Filament Tow - Other : Of Polypropylene | 9.00% | 9.00% | 18.00% |
| Man-Made Staple Fibres... | 55019090 | Synthetic Filament Tow - Other : Other | 0.09 | 0.09 | 0.18 |
| Man-Made Staple Fibres... | 55020010 | Artificial Filament Tow - Artificial Filament Tow ... | 9.00% | 9.00% | 18.00% |
| Man-Made Staple Fibres... | 55020020 | Artificial Filament Tow - Artificial Filament Tow ... | 9.00% | 9.00% | 18.00% |
GST Rates for HSN 55162300
The tax structure for Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours under HSN Code 55162300 follows a dual taxation model. CGST is levied at 0.025 and SGST/UTGST at 0.025 for intrastate sales. Interstate transactions attract IGST at 0.05. All invoices must record quantities in m2 as the standard measurement for goods under Chapter 55 – Man-Made Staple Fibres.
Who Should Use HSN Code 55162300?
Traders, manufacturers, and importers of Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours are required to mention HSN Code 55162300 on all GST documents. This Man-Made Staple Fibres classification under Chapter 55 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Entering the Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours market requires essential registrations. GST registration enables legal tax collection on HSN 55162300 goods. For cross-border trade in Man-Made Staple Fibres 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 55162300 usage for Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours simplifies reconciliation and protects against penalties. Keep current with 0.025, 0.025, and 0.05 updates for Chapter 55 – Man-Made Staple Fibres to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 55162300?
Official GST rates for Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours under HSN 55162300 are published in government notifications and the CBIC website. Current rates are CGST 0.025, SGST/UTGST 0.025, and IGST 0.05.
Do online marketplaces need to mention HSN 55162300?
Yes, online marketplaces and e-commerce operators selling Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours must mention HSN Code 55162300 on invoices. This Man-Made Staple Fibres classification applies to all sales channels under Chapter 55.
What documents are needed for company registration to trade in Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours under HSN 55162300.
How often do GST rates change for Man-Made Staple Fibres products?
GST rates for Woven Fabrics Of Artificial Staple Fibres - Containing Less Than 85% By Weight Of Artificial Staple Fibres, Mixed Mainly Or Solely With Manmade Filaments : Of Yarns Of Different Colours and other Man-Made Staple Fibres products under Chapter 55 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.025, 0.025, and 0.05 revisions.
