--- title: "HSN Code for Elastomeric Yarn (Untwisted/≤50 TPM, Single) | HSN 54024400 GST Rate" description: "Find HSN and GST Rates for 54024400 related to Elastomeric Yarn (Untwisted/≤50 TPM, Single) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-54024400/" --- # HSN Code 54024400: Elastomeric Yarn (Untwisted/≤50 TPM, Single) - [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 | | --- | --- | --- | --- | --- | | Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Elastomeric of Synthetic or artificial filament yarns | 6% | 6% | 12% | 0% | | Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Elastomeric | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 54024400 ? It includes Partially Oriented Polyester Yarn ### Does packaging or labelling change the GST for Elastomeric Yarn (Untwisted/≤50 TPM, Single)? 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. ### How should mixed supplies be billed when Elastomeric Yarn (Untwisted/≤50 TPM, Single) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Elastomeric Yarn (Untwisted/≤50 TPM, Single); Nil for exempt items if applicable). ### How much GST applies to Elastomeric Yarn (Untwisted/≤50 TPM, Single)? Under HSN 54024400, Elastomeric Yarn (Untwisted/≤50 TPM, Single) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Elastomeric Yarn (Untwisted/≤50 TPM, Single)? 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. ### Any common misclassification issue with Elastomeric Yarn (Untwisted/≤50 TPM, Single)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 54024400 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹273 Cr (−1.31% YoY) — 0.0074% of India's total exports - Imports: ₹458 Cr (+22.46% YoY) — 0.0075% of India's total imports - Trade balance: −₹185 Cr (Deficit); surplus rank #11268 of 12657 HSN codes - Share of Sub-Chapter 5402: 3.84% of its exports; import side 7.81% - Rank within Sub-Chapter 5402: #4 of 43 by export value; import-side #6 ### Key metrics - Export CAGR: 33.45% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1534 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +761.43% in FY 2021-22 - Contribution to Sub-Ch. 5402: 3.84% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 54024400 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 | 48.33 | 0.0021% | — | 0.56% | 941.22 | 0.0263% | — | 27.51% | −892.89 | #2905 | | FY 2019-20 | 23.75 | 0.0011% | −50.86% | 0.30% | 844.50 | 0.0252% | −10.28% | 24.95% | −820.75 | #3894 | | FY 2020-21 | 52.09 | 0.0024% | +119.33% | 0.90% | 413.98 | 0.0142% | −50.98% | 11.75% | −361.89 | #2869 | | FY 2021-22 | 448.72 | 0.0143% | +761.43% | 4.24% | 833.03 | 0.0182% | +101.22% | 13.60% | −384.31 | #941 | | FY 2022-23 | 114.53 | 0.0032% | −74.48% | 1.57% | 593.31 | 0.0103% | −28.78% | 7.29% | −478.78 | #2357 | | FY 2023-24 | 276.57 | 0.0076% | +141.48% | 4.14% | 373.81 | 0.0067% | −37.00% | 5.10% | −97.24 | #1455 | | FY 2024-25 | 272.95 | 0.0074% | −1.31% | 3.84% | 457.75 | 0.0075% | +22.46% | 7.81% | −184.80 | #1534 | - CAGR (7-year): exports 33.45%/yr, imports -11.32%/yr (consistently Deficit) ## Key trade insights: HSN Code 54024400 export-import analysis ### Consistent export growth: 33.45% CAGR over 7 years India's exports under HSN Code 54024400 have grown at a compound annual rate of 33.45% over 7 fiscal years, rising from ₹48.33 Crore in FY 2018-19 to ₹272.95 Crore in FY 2024-25. ### HSN Code 54024400 ranked #1534 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 54024400 ranks #1534 out of 12657 HSN codes by total export value. Within Sub-Chapter 5402, it ranks #4 of 43. By trade surplus, it ranks #11268 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 54024400 exports The strongest single-year export movement for HSN Code 54024400 was recorded in FY 2021-22, when exports surged by 761.43% over the prior year. ### India records a trade deficit of ₹184.80 Crore in HSN Code 54024400 goods In FY 2024-25, India's imports of ₹457.75 Cr exceeded exports of ₹272.95 Cr, resulting in a trade deficit of ₹184.80 Crore — ranking #11268 of 12657 by surplus magnitude. ### Import growth of -11.32% CAGR signals stable import dependency for Elastomeric Yarn (Untwisted/≤50 TPM, Single) India's imports under HSN Code 54024400 have grown at -11.32% CAGR, reaching ₹457.75 Crore in FY 2024-25. ### HSN Code 54024400 contributes 3.84% of Sub-Chapter 5402 exports — ranked #4 Among the 43 HSN codes under Sub-Chapter 5402, HSN Code 54024400 ranks #4 by export value — accounting for 3.84% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.81% share (rank #6). ## 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) (this hsn code) | ₹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 |