HS code is classified under chapter 50 (Silk) of ITC (Indian Tariff Code). Chapter 50 is classified under Section 11 (TEXTILE & TEXTILE ARTICLES). You can check GST tax rate on 500300.
| Digits | Details |
|---|---|
| 50 | First 2 digits, (50) represents chapter number. This chapter is for Silk. |
| 5003 4 digit HSN code for SILK WASTE (INCLUDING COCOONS AND UNSUITABLE FOR REELING, YARN WASTE AND GARNETTED STOCK) | Next 2 digits, (03) represents heading number. This heading is for SILK WASTE (INCLUDING COCOONS AND UNSUITABLE FOR REELING, YARN WASTE AND GARNETTED STOCK). |
500300 6 digit HSN code for Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock) | Next 2 digits, (00) represents item or product. This code is for Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock). |
50030040 8 digit HSN code for Munga waste | Last 2 digits, (40) represents specific item or product at micro level. This code is for Munga waste. |
We have filtered GST applicable on Silk including GST on SILK WASTE (INCLUDING COCOONS AND UNSUITABLE FOR REELING, YARN WASTE AND GARNETTED STOCK), GST on Silk waste (including cocoons unsuitable for reeling, yarn waste and garneted stock), GST on Munga waste. You can GST on chapter 50 by visiting this link.