HSN Code 54060020: Goods other than artificial filament yarn

HSN Code 54060020 represents Goods other than artificial filament yarn under GST classification. This code helps businesses identify Goods other than artificial filament yarn correctly for billing, taxation, and trade. With HSN Code 54060020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Goods other than artificial filament yarn.

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Description of Goods for HSN Code 54060020

HSN Code 54060020 relates to the following description.

Description of Goods

Artificial 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 Artificial 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 54060020 not include?

Goods other than artificial 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 54060020 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

< ₹1 Crore

−38.55% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−96.67% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4807 of 12657 HSN codes

% of Sub-Chapter 5406

FY 2024-25

8.70%

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

Import side: 0.46% of Sub-Chapter 5406’s imports

Rank Within Sub-Chapter 5406

FY 2024-25

#2 of 4

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

Import-side rank: #2 of 4

At a glance

9.25%

Export CAGR

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

#8811

National Export Rank

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

+159.38%

Peak Growth Year

FY 2023-24 · strongest single-year move

8.70%

Contribution to Sub-Ch. 5406

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

India Export-Import Trade Statistics for HSN Code 54060020

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 #8546

Balance

−0.23

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

40.54% of Sub-Ch. 5406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

20.78% of Sub-Ch. 5406

FY 2019-20 Exp. Rank #8275

Balance

+0.45

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+50.00% YoY

72.58% of Sub-Ch. 5406

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5406

FY 2020-21 Exp. Rank #9183

Balance

+0.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−75.56% YoY

4.51% of Sub-Ch. 5406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.41% of Sub-Ch. 5406

FY 2021-22 Exp. Rank #8985

Balance

+0.06

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+154.55% YoY

6.01% of Sub-Ch. 5406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+2,100.00% YoY

7.77% of Sub-Ch. 5406

FY 2022-23 Exp. Rank #9015

Balance

+0.31

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+14.29% YoY

11.23% of Sub-Ch. 5406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−95.45% YoY

0.27% of Sub-Ch. 5406

FY 2023-24 Exp. Rank #8398

Balance

+0.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+159.38% YoY

19.72% of Sub-Ch. 5406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+2,900.00% YoY

11.90% of Sub-Ch. 5406

FY 2024-25 Exp. Rank #8811

Balance

+0.50

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−38.55% YoY

8.70% of Sub-Ch. 5406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−96.67% YoY

0.46% of Sub-Ch. 5406

CAGR · 7-Year

Exports

9.25% /yr

Imports

−48.40% /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 54060020 Export-Import Analysis

Consistent Export Growth: 9.25% CAGR Over 7 Years

India's exports under HSN Code 54060020 have grown at a compound annual rate of 9.25% over 7 fiscal years, rising from ₹0.30 Crore in FY 2018-19 to ₹0.51 Crore in FY 2024-25.

HSN Code 54060020 Ranked #8811 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 54060020 ranks #8811 out of 12657 HSN codes by total export value. Within Sub-Chapter 5406, it ranks #2 of 4. By trade surplus, it ranks #4807 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 54060020 Exports

The strongest single-year export movement for HSN Code 54060020 was recorded in FY 2023-24, when exports surged by 159.38% over the prior year.

India Maintains a Trade Surplus of ₹0.50 Crore in HSN Code 54060020 Goods

In FY 2024-25, India's exports of ₹0.51 Cr exceeded imports of ₹0.01 Cr, resulting in a trade surplus of ₹0.50 Crore — ranking #4807 of 12657 by surplus magnitude.

Import Growth of −48.40% CAGR Signals Stable Import Dependency for Goods other than artificial filament yarn

India's imports under HSN Code 54060020 have grown at −48.40% CAGR, reaching ₹0.01 Crore in FY 2024-25.

HSN Code 54060020 Contributes 8.70% of Sub-Chapter 5406 Exports — Ranked #2

Among the 4 HSN codes under Sub-Chapter 5406, HSN Code 54060020 ranks #2 by export value — accounting for 8.70% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.46% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 54060020 and GST compliance.

What products are classified under HSN 54060020 ?

It includes Unbleached tent fabrics: Raw Tent

Can we claim ITC on inputs used to trade Goods other than artificial 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.

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

Under HSN 54060020, Goods other than artificial filament yarn attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Goods other than artificial 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.

Does packaging or labelling change the GST for Goods other than artificial 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.

Do e‑way bill and e‑invoice apply for Goods other than artificial 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.