---
title: "HSN Code for Synthetic fibre strip | HSN 54041920 GST Rate"
description: "Find HSN and GST Rates for 54041920 related to Synthetic fibre strip with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-54041920/"
---

# HSN Code 54041920: Synthetic fibre strip

- [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: Strip and the like of synthetic fibre material(Synthetic or artificial filament yarns) | 6% | 6% | 12% | 0% |
| Monofilament: Other: Strip and the like of synthetic fibre material | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 54041920 ?

It includes Catgut imitation of synthetic yarn

### Does packaging or labelling change the GST for Synthetic fibre strip?

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 Synthetic fibre strip is sold with other items?

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

### How much GST applies to Synthetic fibre strip?

Under HSN 54041920, Synthetic fibre strip attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Synthetic fibre strip?

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 fibre strip?

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 54041920 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹1 Cr (0.00% YoY) — 0.0000% of India's total exports
- Imports: ₹15 Cr (+75.14% YoY) — 0.0003% of India's total imports
- Trade balance: −₹14 Cr (Deficit); surplus rank #9302 of 12657 HSN codes
- Share of Sub-Chapter 5404: 1.46% of its exports; import side 3.73%
- Rank within Sub-Chapter 5404: #5 of 9 by export value; import-side #5

### Key metrics

- Export CAGR: -5.18% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7927 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +13.13% in FY 2022-23
- Contribution to Sub-Ch. 5404: 1.46% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 54041920

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 | 1.94 | 0.0001% | — | 3.62% | 9.63 | 0.0003% | — | 2.72% | −7.69 | #6981 |
| FY 2019-20 | 1.37 | 0.0001% | −29.38% | 2.58% | 6.80 | 0.0002% | −29.39% | 2.24% | −5.43 | #7298 |
| FY 2020-21 | 1.50 | 0.0001% | +9.49% | 2.23% | 7.46 | 0.0003% | +9.71% | 2.46% | −5.96 | #7283 |
| FY 2021-22 | 1.60 | 0.0001% | +6.67% | 1.75% | 10.10 | 0.0002% | +35.39% | 2.41% | −8.50 | #7563 |
| FY 2022-23 | 1.81 | 0.0000% | +13.13% | 2.01% | 17.18 | 0.0003% | +70.10% | 3.50% | −15.37 | #7539 |
| FY 2023-24 | 1.41 | 0.0000% | −22.10% | 1.80% | 8.77 | 0.0002% | −48.95% | 2.23% | −7.36 | #7918 |
| FY 2024-25 | 1.41 | 0.0000% | 0.00% | 1.46% | 15.36 | 0.0003% | +75.14% | 3.73% | −13.95 | #7927 |

- CAGR (7-year): exports -5.18%/yr, imports 8.09%/yr (consistently Deficit)

## Key trade insights: HSN Code 54041920 export-import analysis

### Export decline: -5.18% CAGR over 7 years

India's exports under HSN Code 54041920 have declined at a compound annual rate of -5.18% over 7 fiscal years, falling from ₹1.94 Crore in FY 2018-19 to ₹1.41 Crore in FY 2024-25.

### HSN Code 54041920 ranked #7927 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 54041920 ranks #7927 out of 12657 HSN codes by total export value. Within Sub-Chapter 5404, it ranks #5 of 9. By trade surplus, it ranks #9302 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 54041920 exports

The strongest single-year export movement for HSN Code 54041920 was recorded in FY 2022-23, when exports surged by 13.13% over the prior year.

### India records a trade deficit of ₹13.95 Crore in HSN Code 54041920 goods

In FY 2024-25, India's imports of ₹15.36 Cr exceeded exports of ₹1.41 Cr, resulting in a trade deficit of ₹13.95 Crore — ranking #9302 of 12657 by surplus magnitude.

### Import growth of 8.09% CAGR signals stable import dependency for Synthetic fibre strip

India's imports under HSN Code 54041920 have grown at 8.09% CAGR, reaching ₹15.36 Crore in FY 2024-25.

### HSN Code 54041920 contributes 1.46% of Sub-Chapter 5404 exports — ranked #5

Among the 9 HSN codes under Sub-Chapter 5404, HSN Code 54041920 ranks #5 by export value — accounting for 1.46% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.73% share (rank #5).

## 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](https://busy.in/hsn/hsn-54041200/) | ₹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 (this hsn code) | ₹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/) | — |