HSN Code 54024700: Synthetic Filament Yarn for Textiles

HSN Code 54024700 represents Synthetic Filament Yarn for Textiles under GST classification. This code helps businesses identify Synthetic Filament Yarn for Textiles correctly for billing, taxation, and trade. With HSN Code 54024700, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Synthetic Filament Yarn for Textiles.

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Description of Goods for HSN Code 54024700

HSN Code 54024700 relates to the following description.

Description of Goods

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

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

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

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 54024700 not include?

Synthetic Filament Yarn for Textiles 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 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 54024700 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

₹68 Cr

−50.06% vs FY 2023-24

0.0019% of India’s total exports

India’s Imports

FY 2024-25

₹701 Cr

−58.96% vs FY 2023-24

0.0115% of India’s total imports

Trade Balance

FY 2024-25

−₹633 Cr

Trade Deficit

Surplus rank #12023 of 12657 HSN codes

% of Sub-Chapter 5402

FY 2024-25

0.96%

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

Import side: 11.97% of Sub-Chapter 5402’s imports

Rank Within Sub-Chapter 5402

FY 2024-25

#11 of 43

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

Import-side rank: #3 of 43

At a glance

−23.43%

Export CAGR

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

#3188

National Export Rank

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

+61.13%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.96%

Contribution to Sub-Ch. 5402

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #911

Balance

−16.39

Exports

337.95 ₹ Cr

0.0148% share

YoY

3.91% of Sub-Ch. 5402

Imports

354.34 ₹ Cr

0.0099% share

YoY

10.36% of Sub-Ch. 5402

FY 2019-20 Exp. Rank #1031

Balance

−12.01

Exports

284.54 ₹ Cr

0.0129% share

−15.80% YoY

3.63% of Sub-Ch. 5402

Imports

296.55 ₹ Cr

0.0089% share

−16.31% YoY

8.76% of Sub-Ch. 5402

FY 2020-21 Exp. Rank #1420

Balance

−244.97

Exports

189.67 ₹ Cr

0.0088% share

−33.34% YoY

3.28% of Sub-Ch. 5402

Imports

434.64 ₹ Cr

0.0149% share

+46.57% YoY

12.34% of Sub-Ch. 5402

FY 2021-22 Exp. Rank #1278

Balance

−1,338.88

Exports

305.61 ₹ Cr

0.0097% share

+61.13% YoY

2.89% of Sub-Ch. 5402

Imports

1,644.49 ₹ Cr

0.0360% share

+278.36% YoY

26.85% of Sub-Ch. 5402

FY 2022-23 Exp. Rank #1777

Balance

−2,336.44

Exports

192.46 ₹ Cr

0.0053% share

−37.02% YoY

2.63% of Sub-Ch. 5402

Imports

2,528.90 ₹ Cr

0.0440% share

+53.78% YoY

31.06% of Sub-Ch. 5402

FY 2023-24 Exp. Rank #2222

Balance

−1,571.54

Exports

136.34 ₹ Cr

0.0038% share

−29.16% YoY

2.04% of Sub-Ch. 5402

Imports

1,707.88 ₹ Cr

0.0304% share

−32.47% YoY

23.32% of Sub-Ch. 5402

FY 2024-25 Exp. Rank #3188

Balance

−632.86

Exports

68.09 ₹ Cr

0.0019% share

−50.06% YoY

0.96% of Sub-Ch. 5402

Imports

700.95 ₹ Cr

0.0115% share

−58.96% YoY

11.97% of Sub-Ch. 5402

CAGR · 7-Year

Exports

−23.43% /yr

Imports

12.04% /yr

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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 54024700 and GST compliance.

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.

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.