HSN Code 55012000: Of polyesters
HSN Code 55012000 represents Of polyesters under GST classification. This code helps businesses identify Of polyesters correctly for billing, taxation, and trade. With HSN Code 55012000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of polyesters.
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Description of Goods for HSN Code 55012000
HSN Code 55012000 relates to the following description.
What does HSN Code 55012000 not include?
Of polyesters does not include products with the following descriptions.
Synthetic filament tow - of nylon or other polyamides
Of nylon or other polyamides: Of aramids
Of nylon or other polyamides: Other
Acrylic or modacrylic
Of polypropylene
Other : Of polypropylene
Other : Other
India’s Trade Performance — HSN Code 55012000 in FY 2024-25
India’s Exports
FY 2024-25₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹14 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹12 Cr
Surplus rank #9165 of 12657 HSN codes
% of Sub-Chapter 5501
FY 2024-257.75%
Share of Sub-Chapter 5501’s total exports in FY 2024-25
Import side: 7.85% of Sub-Chapter 5501’s imports
Rank Within Sub-Chapter 5501
FY 2024-25#2 of 8
Position by export value among HSN codes in Sub-Chapter 5501
Import-side rank: #2 of 8
At a glance
0.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7297
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+422.22%
Peak Growth Year
FY 2021-22 · strongest single-year move
7.75%
Contribution to Sub-Ch. 5501
Share of Sub-Chapter 5501 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−13.76
Exports
2.62 ₹ Cr
0.0001% share
— YoY
1.88% of Sub-Ch. 5501
Imports
16.38 ₹ Cr
0.0005% share
— YoY
5.35% of Sub-Ch. 5501
Balance
−27.35
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−86.26% YoY
0.41% of Sub-Ch. 5501
Imports
27.71 ₹ Cr
0.0008% share
+69.17% YoY
7.54% of Sub-Ch. 5501
Balance
−5.89
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+125.00% YoY
1.68% of Sub-Ch. 5501
Imports
6.70 ₹ Cr
0.0002% share
−75.82% YoY
2.46% of Sub-Ch. 5501
Balance
−9.83
Exports
4.23 ₹ Cr
0.0001% share
+422.22% YoY
26.82% of Sub-Ch. 5501
Imports
14.06 ₹ Cr
0.0003% share
+109.85% YoY
4.49% of Sub-Ch. 5501
Balance
−23.90
Exports
1.47 ₹ Cr
0.0000% share
−65.25% YoY
2.34% of Sub-Ch. 5501
Imports
25.37 ₹ Cr
0.0004% share
+80.44% YoY
13.86% of Sub-Ch. 5501
Balance
−11.65
Exports
3.01 ₹ Cr
0.0001% share
+104.76% YoY
7.36% of Sub-Ch. 5501
Imports
14.66 ₹ Cr
0.0003% share
−42.22% YoY
7.36% of Sub-Ch. 5501
Balance
−11.59
Exports
2.72 ₹ Cr
0.0001% share
−9.63% YoY
7.75% of Sub-Ch. 5501
Imports
14.31 ₹ Cr
0.0002% share
−2.39% YoY
7.85% of Sub-Ch. 5501
CAGR · 7-Year
Exports
0.63% /yr
Imports
−2.23% /yr
reference, FY 2024-25
Export
₹35.09 Cr
Import
₹182.23 Cr
Trade Balance
−147.14
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 55012000 and GST compliance.
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.