What products are classified under HSN 5501
It includes Wool: Synthetic Filament Tow
HSN Sub Chapter 5501 represents Wool: Synthetic Filament Tow under GST classification. This code helps businesses identify Wool: Synthetic Filament Tow correctly for billing, taxation, and trade. With HSN Sub Chapter 5501, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wool: Synthetic Filament Tow.
GST Rate for Wool: Synthetic Filament Tow under HSN Code 5501. 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 |
|---|---|---|---|---|
| 55 | 5501 | Wool, not carded or combed : synthetic filament tow | 5% | 5% |
Chapter: 55
Description: Wool, not carded or combed : synthetic filament tow
Following Tariff HSN code falls under Wool: Synthetic Filament Tow:
| Tariff HSN | Description |
|---|---|
| Synthetic filament tow - of nylon or other polyamides | |
| Of nylon or other polyamides: Of aramids | |
| Of nylon or other polyamides: Other | |
| Of polyesters | |
| Acrylic or modacrylic | |
| Of polypropylene | |
| Other : Of polypropylene | |
| Other : Other |
Synthetic filament tow - of nylon or other polyamides
Of nylon or other polyamides: Of aramids
Of nylon or other polyamides: Other
Of polyesters
Acrylic or modacrylic
Of polypropylene
Other : Of polypropylene
Other : Other
It includes Wool: Synthetic Filament Tow
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.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Wool: Synthetic Filament Tow are forward charge. Check the current notifications for any special cases before deciding.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
If your outward supply of Wool: Synthetic Filament Tow is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
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.