Find GST Rates & HSN

HSN Code 53029000: Processed Unspun True Hemp, Tow and Waste

HSN Code 53029000 represents Processed Unspun True Hemp, Tow and Waste under GST classification. This code helps businesses identify Processed Unspun True Hemp, Tow and Waste correctly for billing, taxation, and trade. With HSN Code 53029000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Processed Unspun True Hemp, Tow and Waste.

Free Live Demo Available Today

Don’t Let HSN Mistakes Affect Your GST Filing

Manage correct HSN codes and GST rates with BUSY.

Trusted by 6,00,000+ Users
4.5 Google Rating
40K+ Monthly Downloads
Free Mobile App
+91

* No credit card required

Description of Goods for HSN Code 53029000

HSN Code 53029000 relates to the following description.

Description of Goods

Other

Chapter

53 - Other vegetable textile fibres; paper yarn and woven fabrics of paper yarn

Sub Chapter

5302 - True hemp (cannabis sativa l ), raw or processed but not spun; tow and waste of true hemp (including yarn waste and garnetted stock)

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 53029000 not include?

Processed Unspun True Hemp, Tow and Waste does not include products with the following descriptions.

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91

* No credit card required

India’s Trade Performance — HSN Code 53029000 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

+346.15% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹1 Cr

−66.58% vs FY 2024-25

0.0000% of India’s total imports

Trade Balance

FY 2025-26

−< ₹1 Crore

Trade Deficit

Surplus rank #7873 of 12872 HSN codes

% of Sub-Chapter 5302

FY 2025-26

100.00%

Share of Sub-Chapter 5302’s total exports in FY 2025-26

Import side: 87.59% of Sub-Chapter 5302’s imports

Rank Within Sub-Chapter 5302

FY 2025-26

#1 of 2

Position by export value among HSN codes in Sub-Chapter 5302

Import-side rank: #1 of 2

At a glance

61.78%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#8826

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+346.15%

Peak Growth Year

FY 2025-26 · strongest single-year move

100.00%

Contribution to Sub-Ch. 5302

Share of Sub-Chapter 5302 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 53029000

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #9774

Balance

−0.11

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 5302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 5302

FY 2019-20 Exp. Rank #9335

Balance

−0.62

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+250.00% YoY

100.00% of Sub-Ch. 5302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+430.77% YoY

100.00% of Sub-Ch. 5302

FY 2020-21 Exp. Rank #9985

Balance

−0.65

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−85.71% YoY

25.00% of Sub-Ch. 5302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−4.35% YoY

100.00% of Sub-Ch. 5302

FY 2021-22 Exp. Rank #9964

Balance

−1.94

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+200.00% YoY

33.33% of Sub-Ch. 5302

Imports

1.97 ₹ Cr

0.0000% share

+198.48% YoY

99.49% of Sub-Ch. 5302

FY 2022-23 Exp. Rank #9591

Balance

−1.48

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+266.67% YoY

91.67% of Sub-Ch. 5302

Imports

1.59 ₹ Cr

0.0000% share

−19.29% YoY

100.00% of Sub-Ch. 5302

FY 2023-24 Exp. Rank #9590

Balance

−0.16

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+36.36% YoY

75.00% of Sub-Ch. 5302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.50% YoY

2.99% of Sub-Ch. 5302

FY 2024-25 Exp. Rank #9637

Balance

−3.67

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−13.33% YoY

72.22% of Sub-Ch. 5302

Imports

3.80 ₹ Cr

0.0001% share

+1,125.81% YoY

36.33% of Sub-Ch. 5302

FY 2025-26 Exp. Rank #8826

Balance

−0.69

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+346.15% YoY

100.00% of Sub-Ch. 5302

Imports

1.27 ₹ Cr

0.0000% share

−66.58% YoY

87.59% of Sub-Ch. 5302

CAGR · 8-Year

Exports

61.78% /yr

Imports

38.49% /yr

Consistently Deficit
Sub-Chapter 5302 total

reference, FY 2025-26

Export

₹0.58 Cr

Import

₹1.45 Cr

Trade Balance

−0.87

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 53029000 Export-Import Analysis

Consistent Export Growth: 61.78% CAGR Over 8 Years

India's exports under HSN Code 53029000 have grown at a compound annual rate of 61.78% over 8 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹0.58 Crore in FY 2025-26.

HSN Code 53029000 Ranked #8826 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 53029000 ranks #8826 out of 12872 HSN codes by total export value. Within Sub-Chapter 5302, it ranks #1 of 2. By trade surplus, it ranks #7873 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 53029000 Exports

The strongest single-year export movement for HSN Code 53029000 was recorded in FY 2025-26, when exports surged by 346.15% over the prior year.

India Records a Trade Deficit of ₹0.69 Crore in HSN Code 53029000 Goods

In FY 2025-26, India's imports of ₹1.27 Cr exceeded exports of ₹0.58 Cr, resulting in a trade deficit of ₹0.69 Crore — ranking #7873 of 12872 by surplus magnitude.

Import Growth of 38.49% CAGR Signals Rising Demand for Processed Unspun True Hemp, Tow and Waste

India's imports under HSN Code 53029000 have grown at 38.49% CAGR, reaching ₹1.27 Crore in FY 2025-26.

HSN Code 53029000 Contributes 100.00% 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 100.00% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 87.59% share (rank #1).

Frequently Asked Questions

Clear answers to common queries about HSN Code 53029000 and GST compliance.

What products are classified under HSN 53029000 ?

It includes Jute and textile bast fibres

Any common misclassification issue with Processed Unspun True Hemp, Tow and 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 Processed Unspun True Hemp, Tow and Waste is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Processed Unspun True Hemp, Tow and Waste; Nil for exempt items if applicable).

How much GST applies to Processed Unspun True Hemp, Tow and Waste?

Under HSN 53029000, Processed Unspun True Hemp, Tow and Waste attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Processed Unspun True Hemp, Tow and 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 Processed Unspun True Hemp, Tow and Waste?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Found this useful? Add BUSY as a preferred source to see more of us on Google.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.