Synthetic Monofilament - GST Rates HSN CODE 5404

Synthetic monofilament is a type of synthetic fiber made from a single strand of material. It is used in a variety of applications including fishing lines, nets, ropes, and textiles. The GST rates and HSN code for synthetic monofilament are important to understand for anyone involved in the production or distribution of these products.

GST Rates for Synthetic Monofilament

The GST rates for synthetic monofilament are as follows:- 18% for monofilament of nylon or other polyamides- 18% for monofilament of polyester- 18% for monofilament of polypropylene- 18% for monofilament of other synthetic materials

HSN Code for Synthetic Monofilament

The HSN code for synthetic monofilament is 5404. This code is used to classify goods for the purpose of levying GST. The HSN code is a universal system for classifying goods and is used in over 200 countries.

Understanding the HSN code for synthetic monofilament is important for anyone involved in the production or distribution of these products. The code is used to determine the amount of GST that needs to be paid on each product.

Uses of Synthetic Monofilament

Synthetic monofilament has a variety of uses. One of the most common uses is in fishing lines. Monofilament fishing lines are popular among anglers because they are strong and flexible, making them ideal for catching a wide variety of fish.

Synthetic monofilament is also used in the production of nets and ropes. These products are used in a variety of industries including agriculture, construction, and transportation.

In addition to these industrial uses, synthetic monofilament is also used in textiles. The material is often blended with other fibers to create fabrics that are lightweight and durable.

Conclusion

Synthetic monofilament is an important material that is used in a variety of applications. Understanding the GST rates and HSN code for synthetic monofilament is important for anyone involved in the production or distribution of these products. By following the HSN code, businesses can ensure that they are paying the correct amount of GST on each product.