HSN Code 55070040: High Wet Modulus Tops

HSN Code 55070040 represents High Wet Modulus Tops under GST classification. This code helps businesses identify High Wet Modulus Tops correctly for billing, taxation, and trade. With HSN Code 55070040, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of High Wet Modulus Tops.

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Description of Goods for High Wet Modulus Tops

HSN Code 55070040 relates to the following description:

Chapter Number Chapter Name Sub Chapter Number Sub Chapter Name Description of Goods CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
55 Man-made staple fibres 5507 Artificial staple fibres, carded, combed or otherwise processed for spinning Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops 9% 9% 18% 0%

Description of goods

Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops

Chapter

55 – Man-made staple fibres

Sub Chapter

5507 – Artificial staple fibres, carded, combed or otherwise processed for spinning

CGST 9%
SGST 9%
IGST 18%
CESS 0%

What does HSN Code 55070040 not include?

High Wet Modulus Tops does not include products with the following descriptions:

HSN Code Description
Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Other

Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops

Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops

Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops

Artificial staple fibres, carded, combed or otherwise processed for spinning : Other

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FAQs for HSN Code 55070040

What products are classified under HSN 55070040 ?

It includes Of synthetic staple fibres

Any common misclassification issue with High Wet Modulus Tops?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade High Wet Modulus Tops?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to High Wet Modulus Tops?

Under HSN 55070040, High Wet Modulus Tops attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for High Wet Modulus Tops?

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.

How should mixed supplies be billed when High Wet Modulus Tops is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for High Wet Modulus Tops; Nil for exempt items if applicable).

Important Disclaimer

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.

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