What products are classified under HSN 60024000 ?
It includes Of Cotton
HSN Code 60024000 represents Fabric with 5%+ Elastomeric Yarn (No Rubber) under GST classification. This code helps businesses identify Fabric with 5%+ Elastomeric Yarn (No Rubber) correctly for billing, taxation, and trade. With HSN Code 60024000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fabric with 5%+ Elastomeric Yarn (No Rubber).
HSN Code 60024000 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 60 | Knitted or crocheted fabrics | 6002 | Knitted or crocheted fabrics of a width not exceeding 30 cm, containing by weight 5% or more of elastomeric yarn or rubber thread, other than those of heading 6001 | Containing by weight 5% or more of elastomeric yarn but not containing rubber thread | 2.5% | 2.5% | 5% | 0% |
Description of goods
Containing by weight 5% or more of elastomeric yarn but not containing rubber thread
Chapter
60 – Knitted or crocheted fabrics
Sub Chapter
6002 – Knitted or crocheted fabrics of a width not exceeding 30 cm, containing by weight 5% or more of elastomeric yarn or rubber thread, other than those of heading 6001
Fabric with 5%+ Elastomeric Yarn (No Rubber) does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Other |
Other
It includes Of Cotton
Under HSN 60024000, Fabric with 5%+ Elastomeric Yarn (No Rubber) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fabric with 5%+ Elastomeric Yarn (No Rubber); Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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.