HSN Code 54041100: Monofilament| Elastomeric

HSN Code 54041100 represents Monofilament| Elastomeric under GST classification. This code helps businesses identify Monofilament| Elastomeric correctly for billing, taxation, and trade. With HSN Code 54041100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Monofilament| Elastomeric.

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 54041100

HSN Code 54041100 relates to the following description.

Description of Goods

Monofilament: Elastomeric of Synthetic or artificial filament yarns

Chapter

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

Sub Chapter

5404 - Synthetic monofilament of 67 decitex or more and of which no crosssectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetictextile materials of an apparent width not exceeding 5 mm

CGST

6%

SGST

6%

IGST

12%

CESS

0%

Description of Goods

Monofilament: Elastomeric

Chapter

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

Sub Chapter

5404 - Synthetic monofilament of 67 decitex or more and of which no crosssectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetictextile materials of an apparent width not exceeding 5 mm

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 54041100 not include?

Monofilament| Elastomeric does not include products with the following descriptions.

Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm monofilament

Monofilament: Other, of polypropylene(Synthetic or artificial filament yarns)

Monofilament: Other: Catgut imitation of synthetic yarn, non-sterile(Synthetic or artificial filament yarns)

Monofilament: Other: Strip and the like of synthetic fibre material(Synthetic or artificial filament yarns)

Other : Catgut imitation of synthetic yarn, non-sterile(Synthetic or artificial filament yarns)

Other : Strip and the like of synthetic fibre materials(Synthetic or artificial filament yarns)

India’s Trade Performance — HSN Code 54041100 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

+33.33% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

−19.11% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹7 Cr

Trade Deficit

Surplus rank #8813 of 12657 HSN codes

% of Sub-Chapter 5404

FY 2024-25

0.21%

Share of Sub-Chapter 5404’s total exports in FY 2024-25

Import side: 1.73% of Sub-Chapter 5404’s imports

Rank Within Sub-Chapter 5404

FY 2024-25

#7 of 9

Position by export value among HSN codes in Sub-Chapter 5404

Import-side rank: #6 of 9

At a glance

64.75%

Export CAGR

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

#9416

National Export Rank

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

+244.44%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.21%

Contribution to Sub-Ch. 5404

Share of Sub-Chapter 5404 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 54041100

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 #9921

Balance

−60.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.02% of Sub-Ch. 5404

Imports

60.65 ₹ Cr

0.0017% share

YoY

17.12% of Sub-Ch. 5404

FY 2019-20

Balance

−21.79

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5404

Imports

21.79 ₹ Cr

0.0007% share

−64.07% YoY

7.16% of Sub-Ch. 5404

FY 2020-21 Exp. Rank #9278

Balance

−6.33

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.13% of Sub-Ch. 5404

Imports

6.42 ₹ Cr

0.0002% share

−70.54% YoY

2.11% of Sub-Ch. 5404

FY 2021-22 Exp. Rank #8922

Balance

+0.30

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+244.44% YoY

0.34% of Sub-Ch. 5404

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−99.84% YoY

0.00% of Sub-Ch. 5404

FY 2022-23 Exp. Rank #9890

Balance

−9.97

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−83.87% YoY

0.06% of Sub-Ch. 5404

Imports

10.02 ₹ Cr

0.0002% share

+1,00,100.00% YoY

2.04% of Sub-Ch. 5404

FY 2023-24 Exp. Rank #9590

Balance

−8.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+200.00% YoY

0.19% of Sub-Ch. 5404

Imports

8.79 ₹ Cr

0.0002% share

−12.28% YoY

2.23% of Sub-Ch. 5404

FY 2024-25 Exp. Rank #9416

Balance

−6.91

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+33.33% YoY

0.21% of Sub-Ch. 5404

Imports

7.11 ₹ Cr

0.0001% share

−19.11% YoY

1.73% of Sub-Ch. 5404

CAGR · 7-Year

Exports

64.75% /yr

Imports

−30.04% /yr

Consistently Deficit
Sub-Chapter 5404 total

reference, FY 2024-25

Export

₹96.42 Cr

Import

₹411.70 Cr

Trade Balance

−315.28

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

Key Trade Insights: HSN Code 54041100 Export-Import Analysis

Consistent Export Growth: 64.75% CAGR Over 7 Years

India's exports under HSN Code 54041100 have grown at a compound annual rate of 64.75% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹0.20 Crore in FY 2024-25.

HSN Code 54041100 Ranked #9416 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 54041100 ranks #9416 out of 12657 HSN codes by total export value. Within Sub-Chapter 5404, it ranks #7 of 9. By trade surplus, it ranks #8813 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 54041100 Exports

The strongest single-year export movement for HSN Code 54041100 was recorded in FY 2021-22, when exports surged by 244.44% over the prior year.

India Records a Trade Deficit of ₹6.91 Crore in HSN Code 54041100 Goods

In FY 2024-25, India's imports of ₹7.11 Cr exceeded exports of ₹0.20 Cr, resulting in a trade deficit of ₹6.91 Crore — ranking #8813 of 12657 by surplus magnitude.

Import Growth of −30.04% CAGR Signals Stable Import Dependency for Monofilament| Elastomeric

India's imports under HSN Code 54041100 have grown at −30.04% CAGR, reaching ₹7.11 Crore in FY 2024-25.

HSN Code 54041100 Contributes 0.21% of Sub-Chapter 5404 Exports — Ranked #7

Among the 9 HSN codes under Sub-Chapter 5404, HSN Code 54041100 ranks #7 by export value — accounting for 0.21% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.73% share (rank #6).

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 54041100 and GST compliance.

What products are classified under HSN 54041100 ?

It includes Monofilament: Synthetic Yarn, Non-Sterile

Does packaging or labelling change the GST for Monofilament/ Elastomeric?

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 Monofilament/ Elastomeric is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Monofilament/ Elastomeric; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Monofilament/ Elastomeric?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Monofilament/ Elastomeric?

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 Monofilament/ Elastomeric?

Under HSN 54041100, Monofilament/ Elastomeric attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.