HSN Code 54060010: Goods other than synthetic filament yarn

HSN Code 54060010 represents Goods other than synthetic filament yarn under GST classification. This code helps businesses identify Goods other than synthetic filament yarn correctly for billing, taxation, and trade. With HSN Code 54060010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Goods other than synthetic filament yarn.

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Description of Goods for HSN Code 54060010

HSN Code 54060010 relates to the following description.

Description of Goods

Synthetic filament yarn

Chapter

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

Sub Chapter

5406 - Man-made filament yarn (other than sewing thread), put up for retail sale

CGST

6%

SGST

6%

IGST

12%

CESS

0%

Description of Goods

All goods other than Synthetic filament yarn

Chapter

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

Sub Chapter

5406 - Man-made filament yarn (other than sewing thread), put up for retail sale

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 54060010 not include?

Goods other than synthetic filament yarn does not include products with the following descriptions.

HSN Code 54061000

Man-made filament yarn (other than sewing thread), put up for retail sale synthetic filament yarn

HSN Code 54062000

Man-made filament yarn (other than sewing thread), put up for retail sale artificial filament yarn

India’s Trade Performance — HSN Code 54060010 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

₹5 Cr

+58.58% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

−3.15% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹3 Cr

Trade Surplus

Surplus rank #3994 of 12657 HSN codes

% of Sub-Chapter 5406

FY 2024-25

91.47%

Share of Sub-Chapter 5406’s total exports in FY 2024-25

Import side: 99.54% of Sub-Chapter 5406’s imports

Rank Within Sub-Chapter 5406

FY 2024-25

#1 of 4

Position by export value among HSN codes in Sub-Chapter 5406

Import-side rank: #1 of 4

At a glance

51.69%

Export CAGR

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

#6522

National Export Rank

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

+1,270.59%

Peak Growth Year

FY 2020-21 · strongest single-year move

91.47%

Contribution to Sub-Ch. 5406

Share of Sub-Chapter 5406 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 54060010

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 #8277

Balance

−1.58

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

59.46% of Sub-Ch. 5406

Imports

2.02 ₹ Cr

0.0001% share

— YoY

79.22% of Sub-Ch. 5406

FY 2019-20 Exp. Rank #8918

Balance

−1.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−61.36% YoY

27.42% of Sub-Ch. 5406

Imports

1.21 ₹ Cr

0.0000% share

−40.10% YoY

100.00% of Sub-Ch. 5406

FY 2020-21 Exp. Rank #6807

Balance

−0.09

Exports

2.33 ₹ Cr

0.0001% share

+1,270.59% YoY

95.49% of Sub-Ch. 5406

Imports

2.42 ₹ Cr

0.0001% share

+100.00% YoY

99.59% of Sub-Ch. 5406

FY 2021-22 Exp. Rank #6527

Balance

+1.76

Exports

4.37 ₹ Cr

0.0001% share

+87.55% YoY

93.78% of Sub-Ch. 5406

Imports

2.61 ₹ Cr

0.0001% share

+7.85% YoY

92.23% of Sub-Ch. 5406

FY 2022-23 Exp. Rank #7174

Balance

−1.12

Exports

2.53 ₹ Cr

0.0001% share

−42.11% YoY

88.77% of Sub-Ch. 5406

Imports

3.65 ₹ Cr

0.0001% share

+39.85% YoY

99.73% of Sub-Ch. 5406

FY 2023-24 Exp. Rank #7006

Balance

+1.16

Exports

3.38 ₹ Cr

0.0001% share

+33.60% YoY

80.29% of Sub-Ch. 5406

Imports

2.22 ₹ Cr

0.0000% share

−39.18% YoY

88.10% of Sub-Ch. 5406

FY 2024-25 Exp. Rank #6522

Balance

+3.21

Exports

5.36 ₹ Cr

0.0001% share

+58.58% YoY

91.47% of Sub-Ch. 5406

Imports

2.15 ₹ Cr

0.0000% share

−3.15% YoY

99.54% of Sub-Ch. 5406

CAGR · 7-Year

Exports

51.69% /yr

Imports

1.04% /yr

Consistently Surplus
Sub-Chapter 5406 total

reference, FY 2024-25

Export

₹5.86 Cr

Import

₹2.16 Cr

Trade Balance

+3.70

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

Key Trade Insights: HSN Code 54060010 Export-Import Analysis

Consistent Export Growth: 51.69% CAGR Over 7 Years

India's exports under HSN Code 54060010 have grown at a compound annual rate of 51.69% over 7 fiscal years, rising from ₹0.44 Crore in FY 2018-19 to ₹5.36 Crore in FY 2024-25.

HSN Code 54060010 Ranked #6522 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 54060010 ranks #6522 out of 12657 HSN codes by total export value. Within Sub-Chapter 5406, it ranks #1 of 4. By trade surplus, it ranks #3994 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 54060010 Exports

The strongest single-year export movement for HSN Code 54060010 was recorded in FY 2020-21, when exports surged by 1,270.59% over the prior year.

India Maintains a Trade Surplus of ₹3.21 Crore in HSN Code 54060010 Goods

In FY 2024-25, India's exports of ₹5.36 Cr exceeded imports of ₹2.15 Cr, resulting in a trade surplus of ₹3.21 Crore — ranking #3994 of 12657 by surplus magnitude.

Import Growth of 1.04% CAGR Signals Stable Import Dependency for Goods other than synthetic filament yarn

India's imports under HSN Code 54060010 have grown at 1.04% CAGR, reaching ₹2.15 Crore in FY 2024-25.

HSN Code 54060010 Contributes 91.47% of Sub-Chapter 5406 Exports — Ranked #1

Among the 4 HSN codes under Sub-Chapter 5406, HSN Code 54060010 ranks #1 by export value — accounting for 91.47% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 99.54% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 54060010 and GST compliance.

What products are classified under HSN 54060010 ?

It includes Unbleached parachute fabrics: Raw Parachute

Does packaging or labelling change the GST for Goods other than synthetic filament yarn?

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 Goods other than synthetic filament yarn is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Goods other than synthetic filament yarn; Nil for exempt items if applicable).

How much GST applies to Goods other than synthetic filament yarn?

Under HSN 54060010, Goods other than synthetic filament yarn attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Goods other than synthetic filament yarn?

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 Goods other than synthetic filament yarn?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Goods other than synthetic filament yarn?

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.

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.