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HSN CODE - 55020020 : Viscose rayon tow
HSN CODE | Description | Policy |
---|---|---|
5502 | ARTIFICIAL FILAMENT TOW | |
550200 | Artificial filament tow | |
55020020 | Viscose rayon tow | Free |
Harmonised System of Nomenclature (HSN Codes) 55020020 are used for the Viscose rayon tow 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 55020020
First two digits (55) represent the chapter number which is Chapter 55 - Man-made staple fibres.
Next two digits (02) represent the heading number which is ARTIFICIAL FILAMENT TOW
Next two digits (00) represent the product code which is Artificial filament tow
Last two digits (20) are for final or deeper classification which is Viscose rayon tow
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.