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HSN Code - 56031100 : Of man-made filaments (MAN-MADE FILMNT WGHNG<25G/SQM)

Policy: Free
HSN CODE Description Policy
5603NONWOVENS, WHETHER OR NOT IMPREGNATED, COATED, COVERED OR LAMINATED
560311Of man-made filaments
56031100MAN-MADE FILMNT WGHNG<25G/SQMFree

Harmonised System of Nomenclature (HSN Codes) 56031100 are used for the MAN-MADE FILMNT WGHNG<25G/SQM 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 56031100

First two digits (56) represent the chapter number which is Chapter 56 - Wadding, felt and non-wovens; special yarns; twine, cordage, ropes and cables and articles thereof.

Next two digits (03) represent the heading number which is NONWOVENS, WHETHER OR NOT IMPREGNATED, COATED, COVERED OR LAMINATED

Next two digits (11) represent the product code which is Of man-made filaments

Last two digits (00) are for final or deeper classification which is MAN-MADE FILMNT WGHNG<25G/SQM

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

FAQs on HSN Code 56031100

What is HSN Code 56031100 used for?

HSN Code 56031100 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.

Is HSN Code 56031100 mandatory for GST invoices?

Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.

What is the GST rate for HSN Code 56031100?

The GST rate for HSN Code 56031100 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.

What is the import or export policy for HSN Code 56031100?

As per current trade policy, HSN Code 56031100 falls under "Free" category. Import or export may be subject to specific conditions or approvals.

What is the difference between HSN Code and SAC Code?

HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.