POLYMERS PROPYLENE - GST RATES and HSN CODE 3902

Introduction

Polymers Propylene, commonly known as PP, is one of the most widely used polymers in the world. It is a thermoplastic polymer made from propylene monomer, which is derived from natural gas or crude oil.

The Benefits of Polymers Propylene

Polymers Propylene has a wide range of benefits, making it a popular choice for many industries. Some of the benefits of Polymers Propylene include:

1. High chemical resistance

2. Excellent strength and durability

3. Good impact resistance

4. Lightweight

5. Easy to weld and mold

6. Resistant to moisture and humidity

7. Good electrical properties

8. Good dimensional stability

9. Good heat resistance

The GST Rates for Polymers Propylene

The GST rates for Polymers Propylene vary depending on the type of product and its use. Polymers Propylene falls under the HSN code 3902, which is the code for polymers of propylene or other olefins, in primary forms.

Here are the GST rates for different types of Polymers Propylene:

1. Polymers Propylene in primary forms, including granules, powders, and flakes, are taxed at 18% under GST.

2. Polymers Propylene woven and non-woven fabrics are taxed at 5% under GST.

3. Polymers Propylene sheets, films, and strips are taxed at 18% under GST.

4. Polymers Propylene sacks and bags are taxed at 12% under GST.

5. Polymers Propylene pipes and fittings are taxed at 18% under GST.

The HSN Code for Polymers Propylene

The HSN code for Polymers Propylene is 3902, which is the code for polymers of propylene or other olefins, in primary forms.

This code is used to classify Polymers Propylene products for taxation purposes under GST. It is important to use the correct HSN code for your products to avoid any legal issues or penalties.

Conclusion

Polymers Propylene is an incredibly versatile and useful polymer that is widely used in a variety of industries. Understanding the GST rates and HSN code for Polymers Propylene is essential for small and medium business owners and startup founders who deal with this material. By following the guidelines outlined in this article, you can ensure that your business is compliant with GST regulations and avoid any legal issues.