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HSN Code - 56060010 : Gimped yarn, and strip and the like of heading 5404 or 5405, gimped (other than those of heading 5605 and gimped horsehair yarn); chenille yarn (including flock chenille yarn); loop wale-yarn (TRIMMINGS OF COTTON)
| HSN CODE | Description | Policy |
|---|---|---|
| 5606 | GIMPED YARN, AND STRIP AND THE LIKE OF HEADING 5404 OR 5405, GIMPED (OTHER THAN THOSE OF HEADING 5605 AND GIMPED HORSEHAIR YARN); CHENILLE YARN (INCLUDING FLOCK CHENILLE YARN); LOOP WALE-YARN | |
| 560600 | Gimped yarn, and strip and the like of heading 5404 or 5405, gimped (other than those of heading 5605 and gimped horsehair yarn); chenille yarn (including flock chenille yarn); loop wale-yarn | |
| 56060010 | TRIMMINGS OF COTTON | Free |
Harmonised System of Nomenclature (HSN Codes) 56060010 are used for the TRIMMINGS OF COTTON products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 56060010
First two digits (56) represent the chapter number which is Chapter 56 - Wadding, felt and non-wovens; special yarns; twine, cordage, ropes and cables and articles thereof.
Next two digits (06) represent the heading number which is GIMPED YARN, AND STRIP AND THE LIKE OF HEADING 5404 OR 5405, GIMPED (OTHER THAN THOSE OF HEADING 5605 AND GIMPED HORSEHAIR YARN); CHENILLE YARN (INCLUDING FLOCK CHENILLE YARN); LOOP WALE-YARN
Next two digits (00) represent the product code which is Gimped yarn, and strip and the like of heading 5404 or 5405, gimped (other than those of heading 5605 and gimped horsehair yarn); chenille yarn (including flock chenille yarn); loop wale-yarn
Last two digits (10) are for final or deeper classification which is TRIMMINGS OF COTTON
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.
FAQs on HSN Code 56060010
What is HSN Code 56060010 used for?
HSN Code 56060010 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 56060010 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 56060010?
The GST rate for HSN Code 56060010 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 56060010?
As per current trade policy, HSN Code 56060010 falls under "Free" category. Import or export may be subject to specific conditions or approvals.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.