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HSN CODE - 50030040 : MUNGA WASTE

HSN CODE Description Policy
5003SILK WASTE (INCLUDING COCOONS AND UNSUITABLE FOR REELING, YARN WASTE AND GARNETTED STOCK)
500300Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock)
50030040MUNGA WASTEFree

Harmonised System of Nomenclature (HSN Codes) 50030040 are used for the MUNGA WASTE products under Goods and Service Tax classification.

India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.

Understanding HSN Code 50030040

First two digits (50) represent the chapter number which is Chapter 50 - Silk

Next two digits (03) represent the heading number which is SILK WASTE (INCLUDING COCOONS AND UNSUITABLE FOR REELING, YARN WASTE AND GARNETTED STOCK)

Next two digits (00) represent the product code which is Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock)

Last two digits (40) are for final or deeper classification which is MUNGA WASTE

All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.