--- title: "HSN Code for Of polyesters | HSN 55012000 GST Rate" description: "Find HSN and GST Rates for 55012000 related to Of polyesters with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-55012000/" --- # HSN Code 55012000: Of polyesters - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 55: Man-made staple fibres](https://busy.in/hsn/chapter-55/) - [Sub-chapter 5501: Wool: Synthetic Filament Tow](https://busy.in/hsn/sub-chapter-5501/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of polyesters | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 55012000 ? It includes Of polypropylene ### Do e‑way bill and e‑invoice apply for Of polyesters? 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 Of polyesters? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Of polyesters? 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. ### Any common misclassification issue with Of polyesters? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Of polyesters? Under HSN 55012000, Of polyesters attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 55012000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3 Cr (−9.63% YoY) — 0.0001% of India's total exports - Imports: ₹14 Cr (−2.39% YoY) — 0.0002% of India's total imports - Trade balance: −₹12 Cr (Deficit); surplus rank #9165 of 12657 HSN codes - Share of Sub-Chapter 5501: 7.75% of its exports; import side 7.85% - Rank within Sub-Chapter 5501: #2 of 8 by export value; import-side #2 ### Key metrics - Export CAGR: 0.63% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7297 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +422.22% in FY 2021-22 - Contribution to Sub-Ch. 5501: 7.75% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 55012000 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. 5501 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5501 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.62 | 0.0001% | — | 1.88% | 16.38 | 0.0005% | — | 5.35% | −13.76 | #6638 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −86.26% | 0.41% | 27.71 | 0.0008% | +69.17% | 7.54% | −27.35 | #8454 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +125.00% | 1.68% | 6.70 | 0.0002% | −75.82% | 2.46% | −5.89 | #7838 | | FY 2021-22 | 4.23 | 0.0001% | +422.22% | 26.82% | 14.06 | 0.0003% | +109.85% | 4.49% | −9.83 | #6562 | | FY 2022-23 | 1.47 | 0.0000% | −65.25% | 2.34% | 25.37 | 0.0004% | +80.44% | 13.86% | −23.90 | #7755 | | FY 2023-24 | 3.01 | 0.0001% | +104.76% | 7.36% | 14.66 | 0.0003% | −42.22% | 7.36% | −11.65 | #7137 | | FY 2024-25 | 2.72 | 0.0001% | −9.63% | 7.75% | 14.31 | 0.0002% | −2.39% | 7.85% | −11.59 | #7297 | - CAGR (7-year): exports 0.63%/yr, imports -2.23%/yr (consistently Deficit) ## Key trade insights: HSN Code 55012000 export-import analysis ### Consistent export growth: 0.63% CAGR over 7 years India's exports under HSN Code 55012000 have grown at a compound annual rate of 0.63% over 7 fiscal years, rising from ₹2.62 Crore in FY 2018-19 to ₹2.72 Crore in FY 2024-25. ### HSN Code 55012000 ranked #7297 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 55012000 ranks #7297 out of 12657 HSN codes by total export value. Within Sub-Chapter 5501, it ranks #2 of 8. By trade surplus, it ranks #9165 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 55012000 exports The strongest single-year export movement for HSN Code 55012000 was recorded in FY 2021-22, when exports surged by 422.22% over the prior year. ### India records a trade deficit of ₹11.59 Crore in HSN Code 55012000 goods In FY 2024-25, India's imports of ₹14.31 Cr exceeded exports of ₹2.72 Cr, resulting in a trade deficit of ₹11.59 Crore — ranking #9165 of 12657 by surplus magnitude. ### Import growth of -2.23% CAGR signals stable import dependency for Of polyesters India's imports under HSN Code 55012000 have grown at -2.23% CAGR, reaching ₹14.31 Crore in FY 2024-25. ### HSN Code 55012000 contributes 7.75% of Sub-Chapter 5501 exports — ranked #2 Among the 8 HSN codes under Sub-Chapter 5501, HSN Code 55012000 ranks #2 by export value — accounting for 7.75% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.85% share (rank #2). ## Related HSN Codes in Sub-Chapter 5501 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 55013000: Acrylic or modacrylic](https://busy.in/hsn/hsn-55013000/) | ₹32 Cr | | #2 | HSN Code 55012000: Of polyesters (this hsn code) | ₹3 Cr | | #3 | [HSN Code 55011100: Of nylon or other polyamides: Of aramids](https://busy.in/hsn/hsn-55011100/) | < ₹1 Crore | | #4 | [HSN Code 55011900: Of Nylon Or Other Polyamides\| Other](https://busy.in/hsn/hsn-55011900/) | < ₹1 Crore | | #4 | [HSN Code 55019090: Other : Other](https://busy.in/hsn/hsn-55019090/) | < ₹1 Crore | | — | [HSN Code 55011000: Acetate Rayon Filament Tow](https://busy.in/hsn/hsn-55011000/) | Nil | | — | [HSN Code 55014000: Of polypropylene](https://busy.in/hsn/hsn-55014000/) | Nil | | — | [HSN Code 55019010: Other \| Of Polypropylene](https://busy.in/hsn/hsn-55019010/) | Nil |