---
title: "HSN Code for Synthetic Filament Yarn for Textiles | HSN 54024700 GST Rate"
description: "Find HSN and GST Rates for 54024700 related to Synthetic Filament Yarn for Textiles with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-54024700/"
---

# HSN Code 54024700: Synthetic Filament Yarn for Textiles

- [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 : Other, of polyesters, Synthetic or artificial filament yarns | 6% | 6% | 12% | 0% |
| Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 54024700 ?

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

### How much GST applies to Synthetic Filament Yarn for Textiles?

Under HSN 54024700, Synthetic Filament Yarn for Textiles attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Synthetic Filament Yarn for Textiles?

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 Synthetic Filament Yarn for Textiles is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Synthetic Filament Yarn for Textiles; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Synthetic Filament Yarn for Textiles?

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 Synthetic Filament Yarn for Textiles?

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.

## India's trade performance: HSN Code 54024700 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹68 Cr (−50.06% YoY) — 0.0019% of India's total exports
- Imports: ₹701 Cr (−58.96% YoY) — 0.0115% of India's total imports
- Trade balance: −₹633 Cr (Deficit); surplus rank #12023 of 12657 HSN codes
- Share of Sub-Chapter 5402: 0.96% of its exports; import side 11.97%
- Rank within Sub-Chapter 5402: #11 of 43 by export value; import-side #3

### Key metrics

- Export CAGR: -23.43% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #3188 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +61.13% in FY 2021-22
- Contribution to Sub-Ch. 5402: 0.96% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 54024700

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 | 337.95 | 0.0148% | — | 3.91% | 354.34 | 0.0099% | — | 10.36% | −16.39 | #911 |
| FY 2019-20 | 284.54 | 0.0129% | −15.80% | 3.63% | 296.55 | 0.0089% | −16.31% | 8.76% | −12.01 | #1031 |
| FY 2020-21 | 189.67 | 0.0088% | −33.34% | 3.28% | 434.64 | 0.0149% | +46.57% | 12.34% | −244.97 | #1420 |
| FY 2021-22 | 305.61 | 0.0097% | +61.13% | 2.89% | 1,644.49 | 0.0360% | +278.36% | 26.85% | −1,338.88 | #1278 |
| FY 2022-23 | 192.46 | 0.0053% | −37.02% | 2.63% | 2,528.90 | 0.0440% | +53.78% | 31.06% | −2,336.44 | #1777 |
| FY 2023-24 | 136.34 | 0.0038% | −29.16% | 2.04% | 1,707.88 | 0.0304% | −32.47% | 23.32% | −1,571.54 | #2222 |
| FY 2024-25 | 68.09 | 0.0019% | −50.06% | 0.96% | 700.95 | 0.0115% | −58.96% | 11.97% | −632.86 | #3188 |

- CAGR (7-year): exports -23.43%/yr, imports 12.04%/yr (consistently Deficit)

## Key trade insights: HSN Code 54024700 export-import analysis

### Export decline: -23.43% CAGR over 7 years

India's exports under HSN Code 54024700 have declined at a compound annual rate of -23.43% over 7 fiscal years, falling from ₹337.95 Crore in FY 2018-19 to ₹68.09 Crore in FY 2024-25.

### HSN Code 54024700 ranked #3188 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 54024700 ranks #3188 out of 12657 HSN codes by total export value. Within Sub-Chapter 5402, it ranks #11 of 43. By trade surplus, it ranks #12023 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 54024700 exports

The strongest single-year export movement for HSN Code 54024700 was recorded in FY 2021-22, when exports surged by 61.13% over the prior year.

### India records a trade deficit of ₹632.86 Crore in HSN Code 54024700 goods

In FY 2024-25, India's imports of ₹700.95 Cr exceeded exports of ₹68.09 Cr, resulting in a trade deficit of ₹632.86 Crore — ranking #12023 of 12657 by surplus magnitude.

### Import growth of 12.04% CAGR signals rising demand for Synthetic Filament Yarn for Textiles

India's imports under HSN Code 54024700 have grown at 12.04% CAGR, reaching ₹700.95 Crore in FY 2024-25.

### HSN Code 54024700 contributes 0.96% of Sub-Chapter 5402 exports — ranked #11

Among the 43 HSN codes under Sub-Chapter 5402, HSN Code 54024700 ranks #11 by export value — accounting for 0.96% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.97% share (rank #3).

## 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 |
| #11 | HSN Code 54024700: Synthetic Filament Yarn for Textiles (this hsn code) | ₹68 Cr |