--- title: "HSN Code for Synthetic Fibers for Textile Use | HSN 54024800 GST Rate" description: "Find HSN and GST Rates for 54024800 related to Synthetic Fibers for Textile Use with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-54024800/" --- # HSN Code 54024800: Synthetic Fibers for Textile Use - [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 polypropylene, 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 polypropylene | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 54024800 ? It includes Nylon/Polyamide Yarn (>50 TPM Twist, Single) ### How should mixed supplies be billed when Synthetic Fibers for Textile Use is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Synthetic Fibers for Textile Use; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Synthetic Fibers for Textile Use? 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 Fibers for Textile Use? 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. ### Can we claim ITC on inputs used to trade Synthetic Fibers for Textile Use? 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 Synthetic Fibers for Textile Use? 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 54024800 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹93 Cr (+20.99% YoY) — 0.0025% of India's total exports - Imports: ₹42 Cr (+28.63% YoY) — 0.0007% of India's total imports - Trade balance: ₹52 Cr (Surplus); surplus rank #2130 of 12657 HSN codes - Share of Sub-Chapter 5402: 1.32% of its exports; import side 0.71% - Rank within Sub-Chapter 5402: #7 of 43 by export value; import-side #14 ### Key metrics - Export CAGR: 25.04% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2740 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +101.94% in FY 2021-22 - Contribution to Sub-Ch. 5402: 1.32% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 54024800 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 | 24.46 | 0.0011% | — | 0.28% | 16.74 | 0.0005% | — | 0.49% | +7.72 | #3841 | | FY 2019-20 | 34.21 | 0.0016% | +39.86% | 0.44% | 20.37 | 0.0006% | +21.68% | 0.60% | +13.84 | #3421 | | FY 2020-21 | 38.65 | 0.0018% | +12.98% | 0.67% | 29.99 | 0.0010% | +47.23% | 0.85% | +8.66 | #3321 | | FY 2021-22 | 78.05 | 0.0025% | +101.94% | 0.74% | 40.80 | 0.0009% | +36.05% | 0.67% | +37.25 | #2736 | | FY 2022-23 | 67.75 | 0.0019% | −13.20% | 0.93% | 39.60 | 0.0007% | −2.94% | 0.49% | +28.15 | #3076 | | FY 2023-24 | 77.26 | 0.0021% | +14.04% | 1.16% | 32.48 | 0.0006% | −17.98% | 0.44% | +44.78 | #2920 | | FY 2024-25 | 93.48 | 0.0025% | +20.99% | 1.32% | 41.78 | 0.0007% | +28.63% | 0.71% | +51.70 | #2740 | - CAGR (7-year): exports 25.04%/yr, imports 16.47%/yr (consistently Surplus) ## Key trade insights: HSN Code 54024800 export-import analysis ### Consistent export growth: 25.04% CAGR over 7 years India's exports under HSN Code 54024800 have grown at a compound annual rate of 25.04% over 7 fiscal years, rising from ₹24.46 Crore in FY 2018-19 to ₹93.48 Crore in FY 2024-25. ### HSN Code 54024800 ranked #2740 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 54024800 ranks #2740 out of 12657 HSN codes by total export value. Within Sub-Chapter 5402, it ranks #7 of 43. By trade surplus, it ranks #2130 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 54024800 exports The strongest single-year export movement for HSN Code 54024800 was recorded in FY 2021-22, when exports surged by 101.94% over the prior year. ### India maintains a trade surplus of ₹51.70 Crore in HSN Code 54024800 goods In FY 2024-25, India's exports of ₹93.48 Cr exceeded imports of ₹41.78 Cr, resulting in a trade surplus of ₹51.70 Crore — ranking #2130 of 12657 by surplus magnitude. ### Import growth of 16.47% CAGR signals rising demand for Synthetic Fibers for Textile Use India's imports under HSN Code 54024800 have grown at 16.47% CAGR, reaching ₹41.78 Crore in FY 2024-25. ### HSN Code 54024800 contributes 1.32% of Sub-Chapter 5402 exports — ranked #7 Among the 43 HSN codes under Sub-Chapter 5402, HSN Code 54024800 ranks #7 by export value — accounting for 1.32% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.71% share (rank #14). ## 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 (this hsn code) | ₹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 |