--- title: "HSN Code for Monofilament: Other, of polypropylene0 | HSN 54041200 GST Rate" description: "Find HSN and GST Rates for 54041200 related to Monofilament: Other, of polypropylene0 with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-54041200/" --- # HSN Code 54041200: Monofilament: Other, of polypropylene0 - [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 5404: Synthetic monofilament](https://busy.in/hsn/sub-chapter-5404/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Monofilament: Other, of polypropylene(Synthetic or artificial filament yarns) | 6% | 6% | 12% | 0% | | Monofilament: Other, of polypropylene | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 54041200 ? It includes Synthetic fibre strip ### Any common misclassification issue with Monofilament: Other, of polypropylene0? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Monofilament: Other, of polypropylene0? 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 Monofilament: Other, of polypropylene0? 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 Monofilament: Other, of polypropylene0? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Monofilament: Other, of polypropylene0? Under HSN 54041200, Monofilament: Other, of polypropylene0 attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Monofilament: Other, of polypropylene0 is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Monofilament: Other, of polypropylene0; Nil for exempt items if applicable). ## India's trade performance: HSN Code 54041200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹12 Cr (+0.81% YoY) — 0.0003% of India's total exports - Imports: ₹19 Cr (−21.71% YoY) — 0.0003% of India's total imports - Trade balance: −₹7 Cr (Deficit); surplus rank #8817 of 12657 HSN codes - Share of Sub-Chapter 5404: 12.91% of its exports; import side 4.71% - Rank within Sub-Chapter 5404: #2 of 9 by export value; import-side #4 ### Key metrics - Export CAGR: 34.11% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5520 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +110.73% in FY 2021-22 - Contribution to Sub-Ch. 5404: 12.91% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 54041200 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. 5404 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5404 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.14 | 0.0001% | — | 3.99% | 13.34 | 0.0004% | — | 3.77% | −11.20 | #6881 | | FY 2019-20 | 3.48 | 0.0002% | +62.62% | 6.55% | 5.15 | 0.0002% | −61.39% | 1.69% | −1.67 | #6276 | | FY 2020-21 | 6.71 | 0.0003% | +92.82% | 9.98% | 6.15 | 0.0002% | +19.42% | 2.03% | +0.56 | #5578 | | FY 2021-22 | 14.14 | 0.0005% | +110.73% | 15.46% | 20.07 | 0.0004% | +226.34% | 4.78% | −5.93 | #5037 | | FY 2022-23 | 17.66 | 0.0005% | +24.89% | 19.64% | 26.82 | 0.0005% | +33.63% | 5.46% | −9.16 | #4835 | | FY 2023-24 | 12.35 | 0.0003% | −30.07% | 15.74% | 24.78 | 0.0004% | −7.61% | 6.29% | −12.43 | #5436 | | FY 2024-25 | 12.45 | 0.0003% | +0.81% | 12.91% | 19.40 | 0.0003% | −21.71% | 4.71% | −6.95 | #5520 | - CAGR (7-year): exports 34.11%/yr, imports 6.44%/yr (consistently Deficit) ## Key trade insights: HSN Code 54041200 export-import analysis ### Consistent export growth: 34.11% CAGR over 7 years India's exports under HSN Code 54041200 have grown at a compound annual rate of 34.11% over 7 fiscal years, rising from ₹2.14 Crore in FY 2018-19 to ₹12.45 Crore in FY 2024-25. ### HSN Code 54041200 ranked #5520 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 54041200 ranks #5520 out of 12657 HSN codes by total export value. Within Sub-Chapter 5404, it ranks #2 of 9. By trade surplus, it ranks #8817 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 54041200 exports The strongest single-year export movement for HSN Code 54041200 was recorded in FY 2021-22, when exports surged by 110.73% over the prior year. ### India records a trade deficit of ₹6.95 Crore in HSN Code 54041200 goods In FY 2024-25, India's imports of ₹19.40 Cr exceeded exports of ₹12.45 Cr, resulting in a trade deficit of ₹6.95 Crore — ranking #8817 of 12657 by surplus magnitude. ### Import growth of 6.44% CAGR signals stable import dependency for Monofilament: Other, of polypropylene0 India's imports under HSN Code 54041200 have grown at 6.44% CAGR, reaching ₹19.40 Crore in FY 2024-25. ### HSN Code 54041200 contributes 12.91% of Sub-Chapter 5404 exports — ranked #2 Among the 9 HSN codes under Sub-Chapter 5404, HSN Code 54041200 ranks #2 by export value — accounting for 12.91% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.71% share (rank #4). ## Related HSN Codes in Sub-Chapter 5404 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 54041990: Monofilament: Other: Other](https://busy.in/hsn/hsn-54041990/) | ₹78 Cr | | #2 | HSN Code 54041200: Monofilament: Other, of polypropylene0 (this hsn code) | ₹12 Cr | | #3 | [HSN Code 54049010: Catgut imitation of synthetic yarn](https://busy.in/hsn/hsn-54049010/) | ₹2 Cr | | #4 | [HSN Code 54049090: Synthetic monofilament (≥67 decitex, ≤1mm) and strips (≤5mm) \| Other](https://busy.in/hsn/hsn-54049090/) | ₹2 Cr | | #5 | [HSN Code 54041920: Synthetic fibre strip](https://busy.in/hsn/hsn-54041920/) | ₹1 Cr | | #6 | [HSN Code 54049020: Strip of synthetic fibre materials](https://busy.in/hsn/hsn-54049020/) | < ₹1 Crore | | #7 | [HSN Code 54041100: Monofilament\| Elastomeric](https://busy.in/hsn/hsn-54041100/) | < ₹1 Crore | | — | [HSN Code 54041910: Monofilament: Synthetic Yarn, Non-Sterile](https://busy.in/hsn/hsn-54041910/) | Nil | | — | [HSN Code 54041000: Synthetic Filament Yarn Retail Sale](https://busy.in/hsn/hsn-54041000/) | — |