HSN Code 53092990: Less than 85% flax

HSN Code 53092990 represents Less than 85% flax under GST classification. This code helps businesses identify Less than 85% flax correctly for billing, taxation, and trade. With HSN Code 53092990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Less than 85% flax.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 53092990

HSN Code 53092990 relates to the following description.

Description of Goods

Containing less than 85% by weight of flax : Other : Other

Chapter

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

Sub Chapter

5309 - Woven fabrics of flax

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 53092990 not include?

Less than 85% flax does not include products with the following descriptions.

HSN Code 53091110

Containing 85% or more by weight of flax : Unbleached or bleached : Unbleached

HSN Code 53091120

Containing 85% or more by weight of flax : Unbleached or bleached : Bleached

HSN Code 53092110

Containing less than 85% by weight of flax : Unbleached or bleached : Unbleached

HSN Code 53092120

Containing less than 85% by weight of flax : Unbleached or bleached : Bleached

India’s Trade Performance — HSN Code 53092990 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹70 Cr

+55.02% vs FY 2023-24

0.0019% of India’s total exports

India’s Imports

FY 2024-25

₹99 Cr

+29.35% vs FY 2023-24

0.0016% of India’s total imports

Trade Balance

FY 2024-25

−₹29 Cr

Trade Deficit

Surplus rank #9817 of 12657 HSN codes

% of Sub-Chapter 5309

FY 2024-25

10.04%

Share of Sub-Chapter 5309’s total exports in FY 2024-25

Import side: 18.12% of Sub-Chapter 5309’s imports

Rank Within Sub-Chapter 5309

FY 2024-25

#3 of 10

Position by export value among HSN codes in Sub-Chapter 5309

Import-side rank: #4 of 10

At a glance

17.05%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3144

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+55.02%

Peak Growth Year

FY 2024-25 · strongest single-year move

10.04%

Contribution to Sub-Ch. 5309

Share of Sub-Chapter 5309 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 53092990

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #3689

Balance

−21.99

Exports

27.31 ₹ Cr

0.0012% share

— YoY

8.22% of Sub-Ch. 5309

Imports

49.30 ₹ Cr

0.0014% share

— YoY

23.73% of Sub-Ch. 5309

FY 2019-20 Exp. Rank #3833

Balance

−39.58

Exports

24.79 ₹ Cr

0.0011% share

−9.23% YoY

7.44% of Sub-Ch. 5309

Imports

64.37 ₹ Cr

0.0019% share

+30.57% YoY

23.43% of Sub-Ch. 5309

FY 2020-21 Exp. Rank #3730

Balance

+6.58

Exports

28.47 ₹ Cr

0.0013% share

+14.84% YoY

11.69% of Sub-Ch. 5309

Imports

21.89 ₹ Cr

0.0008% share

−65.99% YoY

12.89% of Sub-Ch. 5309

FY 2021-22 Exp. Rank #3722

Balance

−13.58

Exports

38.79 ₹ Cr

0.0012% share

+36.25% YoY

10.29% of Sub-Ch. 5309

Imports

52.37 ₹ Cr

0.0011% share

+139.24% YoY

21.24% of Sub-Ch. 5309

FY 2022-23 Exp. Rank #3833

Balance

−3.67

Exports

38.30 ₹ Cr

0.0011% share

−1.26% YoY

8.59% of Sub-Ch. 5309

Imports

41.97 ₹ Cr

0.0007% share

−19.86% YoY

11.84% of Sub-Ch. 5309

FY 2023-24 Exp. Rank #3679

Balance

−31.46

Exports

45.31 ₹ Cr

0.0013% share

+18.30% YoY

9.29% of Sub-Ch. 5309

Imports

76.77 ₹ Cr

0.0014% share

+82.92% YoY

14.01% of Sub-Ch. 5309

FY 2024-25 Exp. Rank #3144

Balance

−29.06

Exports

70.24 ₹ Cr

0.0019% share

+55.02% YoY

10.04% of Sub-Ch. 5309

Imports

99.30 ₹ Cr

0.0016% share

+29.35% YoY

18.12% of Sub-Ch. 5309

CAGR · 7-Year

Exports

17.05% /yr

Imports

12.38% /yr

Consistently Deficit
Sub-Chapter 5309 total

reference, FY 2024-25

Export

₹699.58 Cr

Import

₹547.90 Cr

Trade Balance

+151.68

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

Key Trade Insights: HSN Code 53092990 Export-Import Analysis

Consistent Export Growth: 17.05% CAGR Over 7 Years

India's exports under HSN Code 53092990 have grown at a compound annual rate of 17.05% over 7 fiscal years, rising from ₹27.31 Crore in FY 2018-19 to ₹70.24 Crore in FY 2024-25.

HSN Code 53092990 Ranked #3144 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 53092990 ranks #3144 out of 12657 HSN codes by total export value. Within Sub-Chapter 5309, it ranks #3 of 10. By trade surplus, it ranks #9817 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 53092990 Exports

The strongest single-year export movement for HSN Code 53092990 was recorded in FY 2024-25, when exports surged by 55.02% over the prior year.

India Records a Trade Deficit of ₹29.06 Crore in HSN Code 53092990 Goods

In FY 2024-25, India's imports of ₹99.30 Cr exceeded exports of ₹70.24 Cr, resulting in a trade deficit of ₹29.06 Crore — ranking #9817 of 12657 by surplus magnitude.

Import Growth of 12.38% CAGR Signals Rising Demand for Less than 85% flax

India's imports under HSN Code 53092990 have grown at 12.38% CAGR, reaching ₹99.30 Crore in FY 2024-25.

HSN Code 53092990 Contributes 10.04% of Sub-Chapter 5309 Exports — Ranked #3

Among the 10 HSN codes under Sub-Chapter 5309, HSN Code 53092990 ranks #3 by export value — accounting for 10.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 18.12% share (rank #4).

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
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 53092990 and GST compliance.

What products are classified under HSN 53092990 ?

It includes Jute sacking fabrics, unbleached

How should mixed supplies be billed when Less than 85% flax is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Less than 85% flax; Nil for exempt items if applicable).

How much GST applies to Less than 85% flax?

Under HSN 53092990, Less than 85% flax attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Less than 85% flax?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Less than 85% flax?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Can we claim ITC on inputs used to trade Less than 85% flax?

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

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.