HSN Code 54023920: Textured yarn: Acrylic filament

HSN Code 54023920 represents Textured yarn: Acrylic filament under GST classification. This code helps businesses identify Textured yarn: Acrylic filament correctly for billing, taxation, and trade. With HSN Code 54023920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Textured yarn: Acrylic filament.

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 54023920

HSN Code 54023920 relates to the following description.

Description of Goods

Textured yarn : Other : Acrylic filament yarn, synthetic or artificial

Chapter

54 - Man-made filaments; strip and the like of man-made textile materials

Sub Chapter

5402 - Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex

CGST

6%

SGST

6%

IGST

12%

CESS

0%

Description of Goods

Textured yarn : Other : Acrylic filament yarn, others

Chapter

54 - Man-made filaments; strip and the like of man-made textile materials

Sub Chapter

5402 - Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 54023920 not include?

Textured yarn: Acrylic filament does not include products with the following descriptions.

Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex high tenacity yarn of nylon or other polyamides : nylon tyre yarn

Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex high tenacity yarn of nylon or other polyamides : other

High tenacity yarn of nylon or other polyamides : Of aramids of Synthetic or artificial filament yarns

High tenacity yarn of nylon or other polyamides : Other: Nylon tyre yarn of Synthetic or artificial filament yarns

High tenacity yarn of nylon or other polyamides, whether or not textured: Nylon 66 filament yarn conforming to IS of Synthetic or artificial filament yarns

High tenacity yarn of nylon or other polyamides, whether or not textured: Nylon 66 filament yarn conforming to IS

High tenacity yarn of polyesters : Of terylene dacron of Synthetic or artificial filament yarns

Textured yarn : Of nylon or other polyamides, measuring per single yarn not more than 50 tex of Synthetic or artificial filament yarns

Textured yarn : Of nylon or other polyamides, measuring per single yarn not more than 50 tex

Textured yarn : Of nylon or other polyamides, measuring per single yarn more than 50 tex of Synthetic or artificial filament yarns

Textured yarn : Of nylon or other polyamides, measuring per single yarn more than 50 tex

Textured yarn : Other : Polypropylene filament yarn, synthetic or artificial

Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : of nylon or other polyamides

Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : of polyesters, partially oriented

Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : of polyesters, other

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Elastomeric of Synthetic or artificial filament yarns

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Elastomeric

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of nylon or other polyamides of Synthetic or artificial filament yarns

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of nylon or other polyamides

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters, partially oriented, Synthetic or artificial filament yarns

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters, partially oriented

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters, Synthetic or artificial filament yarns

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polypropylene, Synthetic or artificial filament yarns

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polypropylene

Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other

Other yarn, single, with a twist exceeding 50 turns per metre : Of nylon or other polyamides, Synthetic or artificial filament yarns

Other yarn, single, with a twist exceeding 50 turns per metre : Of nylon or other polyamides

Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, with a twist exceeding 50 turns per metre : of polyesters

Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters :Polyester yarn-Anti Static Filament, Synthetic or artificial filament yarns

Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters :Polyester yarn-Anti Static Filament

Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters : Other , Synthetic or artificial filament yarns

Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters :Other

Other yarn, single, with a twist exceeding 50 turns per metre : Of polypropylene, Synthetic or artificial filament yarns

Other yarn, single, with a twist exceeding 50 turns per metre : Of polypropylene

Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, with a twist exceeding 50 turns per metre : other : polypropylene filament yarn

Other yarn, single, with a twist exceeding 50 turns per metre : Other : Other

Other yarn, multiple (folded) or cabled : Of nylon or other polyamides, Synthetic or artificial filament yarns

Other yarn, multiple (folded) or cabled : Of polyesters, Synthetic or artificial filament yarns

Other yarn, multiple (folded) or cabled : Of polypropylene, Synthetic or artificial filament yarns

Other yarn, multiple (folded) or cabled : Other : Polyvinyl acetate filament yarn(Synthetic or artificial filament yarns)

Other yarn, multiple (folded) or cabled : Other : Polyvinyl acetate filament yarn

Other yarn, multiple (folded) or cabled : Other : Polyvinyl chloride filament yarn(Synthetic or artificial filament yarns)

Other yarn, multiple (folded) or cabled : Other : Polyvinyl chloride filament yarn

Other yarn, multiple (folded) or cabled : Other : Acrylic filament yarn(Synthetic or artificial filament yarns)

Other yarn, multiple (folded) or cabled : Other : Polytetrafluoroethylene yarn(Synthetic or artificial filament yarns)

Other yarn, multiple (folded) or cabled : Other : Polytetrafluoroethylene yarn

Other yarn, multiple (folded) or cabled : Other : Ultra high molecular weight polyethylene filament yarn conforming to ASTM F2848 (Synthetic or artificial filament yarns)

Other yarn, multiple (folded) or cabled : Other : Ultra high molecular weight polyethylene filament yarn conforming to ASTM F2848

India’s Trade Performance — HSN Code 54023920 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

< ₹1 Crore

0.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7219 of 12657 HSN codes

% of Sub-Chapter 5402

FY 2024-25

0.00%

Share of Sub-Chapter 5402’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 5402’s imports

Rank Within Sub-Chapter 5402

FY 2024-25

#27 of 43

Position by export value among HSN codes in Sub-Chapter 5402

Import-side rank: #32 of 43

At a glance

−20.63%

Export CAGR

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

#10437

National Export Rank

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

+275.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 5402

Share of Sub-Chapter 5402 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 54023920

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 #9577

Balance

+0.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 5402

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 5402

FY 2019-20

Balance

−0.06

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5402

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 5402

FY 2020-21 Exp. Rank #9338

Balance

+0.06

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 5402

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−66.67% YoY

0.00% of Sub-Ch. 5402

FY 2021-22 Exp. Rank #8939

Balance

+0.20

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+275.00% YoY

0.00% of Sub-Ch. 5402

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+400.00% YoY

0.00% of Sub-Ch. 5402

FY 2022-23 Exp. Rank #8129

Balance

+0.95

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+220.00% YoY

0.01% of Sub-Ch. 5402

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−90.00% YoY

0.00% of Sub-Ch. 5402

FY 2023-24 Exp. Rank #10473

Balance

+0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−98.96% YoY

0.00% of Sub-Ch. 5402

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5402

FY 2024-25 Exp. Rank #10437

Balance

−0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.00% of Sub-Ch. 5402

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 5402

CAGR · 7-Year

Exports

−20.63% /yr

Imports

Consistently Deficit
Sub-Chapter 5402 total

reference, FY 2024-25

Export

₹7,107.52 Cr

Import

₹5,857.53 Cr

Trade Balance

+1,249.99

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

Key Trade Insights: HSN Code 54023920 Export-Import Analysis

Export Decline: −20.63% CAGR Over 7 Years

India's exports under HSN Code 54023920 have declined at a compound annual rate of −20.63% over 7 fiscal years, falling from ₹0.04 Crore in FY 2018-19 to ₹0.01 Crore in FY 2024-25.

HSN Code 54023920 Ranked #10437 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 54023920 ranks #10437 out of 12657 HSN codes by total export value. Within Sub-Chapter 5402, it ranks #27 of 43. By trade surplus, it ranks #7219 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 54023920 Exports

The strongest single-year export movement for HSN Code 54023920 was recorded in FY 2021-22, when exports surged by 275.00% over the prior year.

India Records a Trade Deficit of ₹0.03 Crore in HSN Code 54023920 Goods

In FY 2024-25, India's imports of ₹0.04 Cr exceeded exports of ₹0.01 Cr, resulting in a trade deficit of ₹0.03 Crore — ranking #7219 of 12657 by surplus magnitude.

HSN Code 54023920 Contributes 0.00% of Sub-Chapter 5402 Exports — Ranked #27

Among the 43 HSN codes under Sub-Chapter 5402, HSN Code 54023920 ranks #27 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #32).

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 54023920 and GST compliance.

What products are classified under HSN 54023920 ?

It includes Elastomeric Yarn (Untwisted/≤50 TPM, Single)

How should mixed supplies be billed when Textured yarn: Acrylic filament is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Textured yarn: Acrylic filament; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Textured yarn: Acrylic filament?

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: Acrylic filament?

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: Acrylic filament?

Under HSN 54023920, Textured yarn: Acrylic filament attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Textured yarn: Acrylic filament?

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

Can we claim ITC on inputs used to trade Textured yarn: Acrylic filament?

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.