What products are classified under HSN 55049030 ?
It includes Of Synthetic Fibers | Of Acrylic
HSN Code 55049030 represents Other : High wet modulus staple fibre under GST classification. This code helps businesses identify Other : High wet modulus staple fibre correctly for billing, taxation, and trade. With HSN Code 55049030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other : High wet modulus staple fibre.
HSN Code 55049030 relates to the following description:
Other : High wet modulus staple fibre does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Artificial staple fibres, not carded, combed or otherwise processed for spinning - of viscose rayon | |
| Obtained from wood other than bamboo | |
| Of viscose rayon: Obtained from wood other than bamboo :Flame retardant Viscose Rayon fibre | |
| Of viscose rayon: Obtained from wood other than bamboo : Other | |
| Obtained from bamboo | |
| Of viscose rayon: Obtained from bamboo :Flame retardant Viscose Rayon fibre | |
| Of viscose rayon: Obtained from bamboo : Other | |
| Of viscose rayon: Other | |
| Other : Acetate rayon staple fibre | |
| Other : Polynosic staple fibre | |
| Other : Other |
Artificial staple fibres, not carded, combed or otherwise processed for spinning - of viscose rayon
Obtained from wood other than bamboo
Of viscose rayon: Obtained from wood other than bamboo :Flame retardant Viscose Rayon fibre
Of viscose rayon: Obtained from wood other than bamboo : Other
Obtained from bamboo
Of viscose rayon: Obtained from bamboo :Flame retardant Viscose Rayon fibre
Of viscose rayon: Obtained from bamboo : Other
Of viscose rayon: Other
Other : Acetate rayon staple fibre
Other : Polynosic staple fibre
Other : Other
It includes Of Synthetic Fibers | Of Acrylic
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other : High wet modulus staple fibre; Nil for exempt items if applicable).
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.