--- title: "HSN Code for Monofilament: Other: Other | HSN 54041990 GST Rate" description: "Find HSN and GST Rates for 54041990 related to Monofilament: Other: Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-54041990/" --- # HSN Code 54041990: Monofilament: Other: Other - [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: Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 54041990 ? It includes Strip of synthetic fibre materials ### How should mixed supplies be billed when Monofilament: Other: Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Monofilament: Other: Other; Nil for exempt items if applicable). ### How much GST applies to Monofilament: Other: Other? Under HSN 54041990, Monofilament: Other: Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Monofilament: Other: Other? 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: Other? 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: Other? 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: Other? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 54041990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹78 Cr (+35.89% YoY) — 0.0021% of India's total exports - Imports: ₹218 Cr (+13.32% YoY) — 0.0036% of India's total imports - Trade balance: −₹140 Cr (Deficit); surplus rank #11049 of 12657 HSN codes - Share of Sub-Chapter 5404: 80.94% of its exports; import side 53.01% - Rank within Sub-Chapter 5404: #1 of 9 by export value; import-side #1 ### Key metrics - Export CAGR: 10.54% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3005 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +49.48% in FY 2021-22 - Contribution to Sub-Ch. 5404: 80.94% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 54041990 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 | 42.77 | 0.0019% | — | 79.82% | 157.87 | 0.0044% | — | 44.56% | −115.10 | #3110 | | FY 2019-20 | 39.60 | 0.0018% | −7.41% | 74.59% | 177.74 | 0.0053% | +12.59% | 58.44% | −138.14 | #3229 | | FY 2020-21 | 45.55 | 0.0021% | +15.03% | 67.72% | 159.88 | 0.0055% | −10.05% | 52.65% | −114.33 | #3075 | | FY 2021-22 | 68.09 | 0.0022% | +49.48% | 74.42% | 228.44 | 0.0050% | +42.88% | 54.44% | −160.35 | #2910 | | FY 2022-23 | 63.03 | 0.0017% | −7.43% | 70.10% | 227.49 | 0.0040% | −0.42% | 46.33% | −164.46 | #3164 | | FY 2023-24 | 57.43 | 0.0016% | −8.88% | 73.22% | 192.61 | 0.0034% | −15.33% | 48.90% | −135.18 | #3337 | | FY 2024-25 | 78.04 | 0.0021% | +35.89% | 80.94% | 218.26 | 0.0036% | +13.32% | 53.01% | −140.22 | #3005 | - CAGR (7-year): exports 10.54%/yr, imports 5.55%/yr (consistently Deficit) ## Key trade insights: HSN Code 54041990 export-import analysis ### Consistent export growth: 10.54% CAGR over 7 years India's exports under HSN Code 54041990 have grown at a compound annual rate of 10.54% over 7 fiscal years, rising from ₹42.77 Crore in FY 2018-19 to ₹78.04 Crore in FY 2024-25. ### HSN Code 54041990 ranked #3005 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 54041990 ranks #3005 out of 12657 HSN codes by total export value. Within Sub-Chapter 5404, it ranks #1 of 9. By trade surplus, it ranks #11049 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 54041990 exports The strongest single-year export movement for HSN Code 54041990 was recorded in FY 2021-22, when exports surged by 49.48% over the prior year. ### India records a trade deficit of ₹140.22 Crore in HSN Code 54041990 goods In FY 2024-25, India's imports of ₹218.26 Cr exceeded exports of ₹78.04 Cr, resulting in a trade deficit of ₹140.22 Crore — ranking #11049 of 12657 by surplus magnitude. ### Import growth of 5.55% CAGR signals stable import dependency for Monofilament: Other: Other India's imports under HSN Code 54041990 have grown at 5.55% CAGR, reaching ₹218.26 Crore in FY 2024-25. ### HSN Code 54041990 contributes 80.94% of Sub-Chapter 5404 exports — ranked #1 Among the 9 HSN codes under Sub-Chapter 5404, HSN Code 54041990 ranks #1 by export value — accounting for 80.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 53.01% share (rank #1). ## 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 (this hsn code) | ₹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](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/) | — |