HSN Code 54041200: Monofilament: Other, of polypropylene0

HSN Code 54041200 represents Monofilament: Other, of polypropylene0 under GST classification. This code helps businesses identify Monofilament: Other, of polypropylene0 correctly for billing, taxation, and trade. With HSN Code 54041200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Monofilament: Other, of polypropylene0.

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Description of Goods for HSN Code 54041200

HSN Code 54041200 relates to the following description.

Description of Goods

Monofilament: Other, of polypropylene(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: Other, of polypropylene

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 54041200 not include?

Monofilament: Other, of polypropylene0 does not include products with the following descriptions.

HSN Code 54041000

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

HSN Code 54041910

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

HSN Code 54041920

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

HSN Code 54049010

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

HSN Code 54049020

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

India’s Trade Performance — HSN Code 54041200 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

₹12 Cr

+0.81% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹19 Cr

−21.71% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

−₹7 Cr

Trade Deficit

Surplus rank #8817 of 12657 HSN codes

% of Sub-Chapter 5404

FY 2024-25

12.91%

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

Import side: 4.71% of Sub-Chapter 5404’s imports

Rank Within Sub-Chapter 5404

FY 2024-25

#2 of 9

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

Import-side rank: #4 of 9

At a glance

34.11%

Export CAGR

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

#5520

National Export Rank

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

+110.73%

Peak Growth Year

FY 2021-22 · strongest single-year move

12.91%

Contribution to Sub-Ch. 5404

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6881

Balance

−11.20

Exports

2.14 ₹ Cr

0.0001% share

— YoY

3.99% of Sub-Ch. 5404

Imports

13.34 ₹ Cr

0.0004% share

— YoY

3.77% of Sub-Ch. 5404

FY 2019-20 Exp. Rank #6276

Balance

−1.67

Exports

3.48 ₹ Cr

0.0002% share

+62.62% YoY

6.55% of Sub-Ch. 5404

Imports

5.15 ₹ Cr

0.0002% share

−61.39% YoY

1.69% of Sub-Ch. 5404

FY 2020-21 Exp. Rank #5578

Balance

+0.56

Exports

6.71 ₹ Cr

0.0003% share

+92.82% YoY

9.98% of Sub-Ch. 5404

Imports

6.15 ₹ Cr

0.0002% share

+19.42% YoY

2.03% of Sub-Ch. 5404

FY 2021-22 Exp. Rank #5037

Balance

−5.93

Exports

14.14 ₹ Cr

0.0005% share

+110.73% YoY

15.46% of Sub-Ch. 5404

Imports

20.07 ₹ Cr

0.0004% share

+226.34% YoY

4.78% of Sub-Ch. 5404

FY 2022-23 Exp. Rank #4835

Balance

−9.16

Exports

17.66 ₹ Cr

0.0005% share

+24.89% YoY

19.64% of Sub-Ch. 5404

Imports

26.82 ₹ Cr

0.0005% share

+33.63% YoY

5.46% of Sub-Ch. 5404

FY 2023-24 Exp. Rank #5436

Balance

−12.43

Exports

12.35 ₹ Cr

0.0003% share

−30.07% YoY

15.74% of Sub-Ch. 5404

Imports

24.78 ₹ Cr

0.0004% share

−7.61% YoY

6.29% of Sub-Ch. 5404

FY 2024-25 Exp. Rank #5520

Balance

−6.95

Exports

12.45 ₹ Cr

0.0003% share

+0.81% YoY

12.91% of Sub-Ch. 5404

Imports

19.40 ₹ Cr

0.0003% share

−21.71% YoY

4.71% of Sub-Ch. 5404

CAGR · 7-Year

Exports

34.11% /yr

Imports

6.44% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 54041200 and GST compliance.

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).

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.