--- title: "HSN Code for Textured Yarn | Of Polypropylene | HSN 54023400 GST Rate" description: "Find HSN and GST Rates for 54023400 related to Textured Yarn | Of Polypropylene with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-54023400/" --- # HSN Code 54023400: Textured Yarn | Of Polypropylene - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 54: Man-made filaments; strip and the like of man-made textile materials](https://busy.in/hsn/chapter-54/) - [Sub-chapter 5402: Synthetic Filament Yarn](https://busy.in/hsn/sub-chapter-5402/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Textured yarn : Of polypropylene of Synthetic or artificial filament yarns | 6% | 6% | 12% | 0% | | Textured yarn : Of polypropylene | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 54023400 ? It includes Textured yarn: Acrylic filament ### How should mixed supplies be billed when Textured Yarn / Of Polypropylene is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Textured Yarn / Of Polypropylene; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Textured Yarn / Of Polypropylene? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Textured Yarn / Of Polypropylene? 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 Textured Yarn / Of Polypropylene? 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. ### Do e‑way bill and e‑invoice apply for Textured Yarn / Of Polypropylene? 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. ### How much GST applies to Textured Yarn / Of Polypropylene? Under HSN 54023400, Textured Yarn / Of Polypropylene attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 54023400 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹31 Cr (−15.99% YoY) — 0.0008% of India's total exports - Imports: ₹27 Cr (+4.98% YoY) — 0.0004% of India's total imports - Trade balance: ₹4 Cr (Surplus); surplus rank #3937 of 12657 HSN codes - Share of Sub-Chapter 5402: 0.43% of its exports; import side 0.46% - Rank within Sub-Chapter 5402: #18 of 43 by export value; import-side #17 ### Key metrics - Export CAGR: 43.88% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4304 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +375.00% in FY 2019-20 - Contribution to Sub-Ch. 5402: 0.43% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 54023400 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. 5402 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5402 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3.44 | 0.0002% | — | 0.04% | 17.85 | 0.0005% | — | 0.52% | −14.41 | #6314 | | FY 2019-20 | 16.34 | 0.0007% | +375.00% | 0.21% | 12.51 | 0.0004% | −29.92% | 0.37% | +3.83 | #4397 | | FY 2020-21 | 28.12 | 0.0013% | +72.09% | 0.49% | 7.72 | 0.0003% | −38.29% | 0.22% | +20.40 | #3748 | | FY 2021-22 | 44.23 | 0.0014% | +57.29% | 0.42% | 39.98 | 0.0009% | +417.88% | 0.65% | +4.25 | #3525 | | FY 2022-23 | 44.49 | 0.0012% | +0.59% | 0.61% | 22.44 | 0.0004% | −43.87% | 0.28% | +22.05 | #3634 | | FY 2023-24 | 36.33 | 0.0010% | −18.34% | 0.54% | 25.72 | 0.0005% | +14.62% | 0.35% | +10.61 | #3982 | | FY 2024-25 | 30.52 | 0.0008% | −15.99% | 0.43% | 27.00 | 0.0004% | +4.98% | 0.46% | +3.52 | #4304 | - CAGR (7-year): exports 43.88%/yr, imports 7.14%/yr (consistently Surplus) ## Key trade insights: HSN Code 54023400 export-import analysis ### Consistent export growth: 43.88% CAGR over 7 years India's exports under HSN Code 54023400 have grown at a compound annual rate of 43.88% over 7 fiscal years, rising from ₹3.44 Crore in FY 2018-19 to ₹30.52 Crore in FY 2024-25. ### HSN Code 54023400 ranked #4304 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 54023400 ranks #4304 out of 12657 HSN codes by total export value. Within Sub-Chapter 5402, it ranks #18 of 43. By trade surplus, it ranks #3937 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 54023400 exports The strongest single-year export movement for HSN Code 54023400 was recorded in FY 2019-20, when exports surged by 375.00% over the prior year. ### India maintains a trade surplus of ₹3.52 Crore in HSN Code 54023400 goods In FY 2024-25, India's exports of ₹30.52 Cr exceeded imports of ₹27.00 Cr, resulting in a trade surplus of ₹3.52 Crore — ranking #3937 of 12657 by surplus magnitude. ### Import growth of 7.14% CAGR signals stable import dependency for Textured Yarn | Of Polypropylene India's imports under HSN Code 54023400 have grown at 7.14% CAGR, reaching ₹27.00 Crore in FY 2024-25. ### HSN Code 54023400 contributes 0.43% of Sub-Chapter 5402 exports — ranked #18 Among the 43 HSN codes under Sub-Chapter 5402, HSN Code 54023400 ranks #18 by export value — accounting for 0.43% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.46% share (rank #17). ## Related HSN Codes in Sub-Chapter 5402 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 54023300: Textured Yarn \| Of Polyesters](https://busy.in/hsn/hsn-54023300/) | ₹3,989 Cr | | #2 | [HSN Code 54026200: Polyesters multiple yarns0](https://busy.in/hsn/hsn-54026200/) | ₹1,141 Cr | | #3 | [HSN Code 54024600: Partially Oriented Polyester Yarn](https://busy.in/hsn/hsn-54024600/) | ₹691 Cr | | #4 | [HSN Code 54024400: Elastomeric Yarn (Untwisted/≤50 TPM, Single)](https://busy.in/hsn/hsn-54024400/) | ₹273 Cr | | #5 | [HSN Code 54026100: Other yarn, multiple (folded) or cabled : Of nylon or other polyamides](https://busy.in/hsn/hsn-54026100/) | ₹138 Cr | | #6 | [HSN Code 54025290: Other Polyester Yarn (>50 TPM Twist, Single)](https://busy.in/hsn/hsn-54025290/) | ₹101 Cr | | #7 | [HSN Code 54024800: Synthetic Fibers for Textile Use](https://busy.in/hsn/hsn-54024800/) | ₹93 Cr | | #8 | [HSN Code 54021910: Nylon or Polyamide Tyre Yarn: High Tenacity](https://busy.in/hsn/hsn-54021910/) | ₹90 Cr | | #9 | [HSN Code 54023200: Textured Nylon/Polyamide Yarn (>50 tex Single)](https://busy.in/hsn/hsn-54023200/) | ₹84 Cr | | #10 | [HSN Code 54022090: Herrings, Anchovies, Sardines, Swordfish](https://busy.in/hsn/hsn-54022090/) | ₹72 Cr | | #18 | HSN Code 54023400: Textured Yarn \| Of Polypropylene (this hsn code) | ₹31 Cr |