--- title: "HSN Code for True Hemp Raw or Processed (Not Spun), Tow & Waste | HSN 53029000 GST Rate" description: "Find HSN and GST Rates for 53029000 related to True Hemp Raw or Processed (Not Spun), Tow & Waste with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-53029000/" --- # HSN Code 53029000: True Hemp Raw or Processed (Not Spun), Tow & Waste - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 53: Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn](https://busy.in/hsn/chapter-53/) - [Sub-chapter 5302: Raw True Hemp](https://busy.in/hsn/sub-chapter-5302/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 53029000 ? It includes Jute and textile bast fibres ### Any common misclassification issue with True Hemp Raw or Processed (Not Spun), Tow & Waste? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when True Hemp Raw or Processed (Not Spun), Tow & Waste is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for True Hemp Raw or Processed (Not Spun), Tow & Waste; Nil for exempt items if applicable). ### How much GST applies to True Hemp Raw or Processed (Not Spun), Tow & Waste? Under HSN 53029000, True Hemp Raw or Processed (Not Spun), Tow & Waste attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for True Hemp Raw or Processed (Not Spun), Tow & Waste? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Can we claim ITC on inputs used to trade True Hemp Raw or Processed (Not Spun), Tow & Waste? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 53029000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−13.33% YoY) — 0.0000% of India's total exports - Imports: ₹4 Cr (+1,125.81% YoY) — 0.0001% of India's total imports - Trade balance: −₹4 Cr (Deficit); surplus rank #8455 of 12657 HSN codes - Share of Sub-Chapter 5302: 72.22% of its exports; import side 36.33% - Rank within Sub-Chapter 5302: #1 of 2 by export value; import-side #2 ### Key metrics - Export CAGR: 36.61% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9637 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +266.67% in FY 2022-23 - Contribution to Sub-Ch. 5302: 72.22% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 53029000 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 5302 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5302 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 100.00% | < ₹1 Crore | 0.0000% | — | 100.00% | −0.11 | #9774 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +250.00% | 100.00% | < ₹1 Crore | 0.0000% | +430.77% | 100.00% | −0.62 | #9335 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −85.71% | 25.00% | < ₹1 Crore | 0.0000% | −4.35% | 100.00% | −0.65 | #9985 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +200.00% | 33.33% | 1.97 | 0.0000% | +198.48% | 99.49% | −1.94 | #9964 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +266.67% | 91.67% | 1.59 | 0.0000% | −19.29% | 100.00% | −1.48 | #9591 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +36.36% | 75.00% | < ₹1 Crore | 0.0000% | −80.50% | 2.99% | −0.16 | #9590 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −13.33% | 72.22% | 3.80 | 0.0001% | +1,125.81% | 36.33% | −3.67 | #9637 | - CAGR (7-year): exports 36.61%/yr, imports 75.51%/yr (consistently Deficit) ## Key trade insights: HSN Code 53029000 export-import analysis ### Consistent export growth: 36.61% CAGR over 7 years India's exports under HSN Code 53029000 have grown at a compound annual rate of 36.61% over 7 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹0.13 Crore in FY 2024-25. ### HSN Code 53029000 ranked #9637 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 53029000 ranks #9637 out of 12657 HSN codes by total export value. Within Sub-Chapter 5302, it ranks #1 of 2. By trade surplus, it ranks #8455 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 53029000 exports The strongest single-year export movement for HSN Code 53029000 was recorded in FY 2022-23, when exports surged by 266.67% over the prior year. ### India records a trade deficit of ₹3.67 Crore in HSN Code 53029000 goods In FY 2024-25, India's imports of ₹3.80 Cr exceeded exports of ₹0.13 Cr, resulting in a trade deficit of ₹3.67 Crore — ranking #8455 of 12657 by surplus magnitude. ### Import growth of 75.51% CAGR signals rising demand for True Hemp Raw or Processed (Not Spun), Tow & Waste India's imports under HSN Code 53029000 have grown at 75.51% CAGR, reaching ₹3.80 Crore in FY 2024-25. ### HSN Code 53029000 contributes 72.22% of Sub-Chapter 5302 exports — ranked #1 Among the 2 HSN codes under Sub-Chapter 5302, HSN Code 53029000 ranks #1 by export value — accounting for 72.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 36.33% share (rank #2). ## Related HSN Codes in Sub-Chapter 5302 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 53029000: True Hemp Raw or Processed (Not Spun), Tow & Waste (this hsn code) | < ₹1 Crore | | #2 | [HSN Code 53021000: True Hemp, Raw Or Retted](https://busy.in/hsn/hsn-53021000/) | < ₹1 Crore |