What products are classified under HSN 5502
It includes Artificial filament tow
HSN Sub Chapter 5502 represents Artificial filament tow under GST classification. This code helps businesses identify Artificial filament tow correctly for billing, taxation, and trade. With HSN Sub Chapter 5502, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Artificial filament tow.
GST Rate for Artificial filament tow under HSN Code 5502. 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 | 5502 | Artificial filament tow | 5% | 5% |
Following Tariff HSN code falls under Artificial filament tow:
| Tariff HSN | Description |
|---|---|
| Artificial filament tow - artificial filament tow : acetate rayon tow | |
| Artificial filament tow - artificial filament tow : viscose rayon tow | |
| Artificial filament tow - artificial filament tow : other | |
| Artificial filament tow : Of cellulose acetate: Viscose rayon tow | |
| Artificial filament tow : Of cellulose acetate: Other | |
| Artificial filament tow : Other: Viscose rayon tow | |
| Artificial filament tow : Other: Other |
Artificial filament tow - artificial filament tow : acetate rayon tow
Artificial filament tow - artificial filament tow : viscose rayon tow
Artificial filament tow - artificial filament tow : other
Artificial filament tow : Of cellulose acetate: Viscose rayon tow
Artificial filament tow : Of cellulose acetate: Other
Artificial filament tow : Other: Viscose rayon tow
Artificial filament tow : Other: Other
It includes Artificial filament tow
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.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Use a delivery challan for sending Artificial filament tow to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
If your outward supply of Artificial 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.
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.
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.