What products are classified under HSN 5406
It includes Natural gums & resins
HSN Sub Chapter 5406 represents Natural gums & resins under GST classification. This code helps businesses identify Natural gums & resins correctly for billing, taxation, and trade. With HSN Sub Chapter 5406, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural gums & resins.
GST Rate for Natural gums & resins under HSN Code 5406. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 54 | 5406 | Man-made filament yarn (other than sewing thread), put up for retail sale | 18% | 12% |
Chapter: 54
Description: Man-made filament yarn (other than sewing thread), put up for retail sale
Following Tariff HSN code falls under Natural gums & resins:
| Tariff HSN | Description |
|---|---|
| Synthetic filament yarn | |
| All goods other than Synthetic filament yarn | |
| Artificial filament yarn | |
| All goods other than Artificial filament yarn | |
| Man-made filament yarn (other than sewing thread), put up for retail sale synthetic filament yarn | |
| Man-made filament yarn (other than sewing thread), put up for retail sale artificial filament yarn |
Synthetic filament yarn
All goods other than Synthetic filament yarn
Artificial filament yarn
All goods other than Artificial filament yarn
Man-made filament yarn (other than sewing thread), put up for retail sale synthetic filament yarn
Man-made filament yarn (other than sewing thread), put up for retail sale artificial filament yarn
It includes Natural gums & resins
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
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.