Chapter 55 – HSN Code & GST Rate for Man-Made Staple Fibres
Chapter 55 of the Harmonized System of Nomenclature (HSN) covers man-made staple fibres, which are essential materials in the textile and apparel industries. Understanding the HSN codes and GST rates for Chapter 55 products is crucial for businesses involved in manufacturing and trading these fibres. Let’s explore the HSN codes and GST rates for Chapter 55 products in India:
| Products Description | HSN Codes | Export & Import HSN Codes | GST Rate |
|---|---|---|---|
| Synthetic staple fibres, not carded, combed or otherwise processed for spinning | 5501 | 550100 | 18% |
| Artificial staple fibres, not carded, combed or otherwise processed for spinning | 5502 | 550200 | 18% |
| Synthetic staple fibres, carded, combed or otherwise processed for spinning | 5503 | 550310, 550320, 550330, 550340, 550390 | 18% |
| Artificial staple fibres, carded, combed or otherwise processed for spinning | 5504 | 550410, 550420, 550490 | 18% |
Man-made staple fibres are crucial components in textile production, offering versatility and performance in various applications. Proper classification under the correct HSN codes ensures accurate taxation and compliance with GST regulations. Businesses dealing with these fibres should verify the HSN codes, Export & Import HSN Codes, and GST rates with relevant authorities for current information.
