HSN Code 55014000: Of polypropylene

HSN Code 55014000 represents Of polypropylene under GST classification. This code helps businesses identify Of polypropylene correctly for billing, taxation, and trade. With HSN Code 55014000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of polypropylene.

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Description of Goods for HSN Code 55014000

HSN Code 55014000 relates to the following description.

Description of Goods

Of polypropylene

Chapter

55 - Man-made staple fibres

Sub Chapter

5501 - Wool, not carded or combed : synthetic filament tow

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 55014000 not include?

Of polypropylene does not include products with the following descriptions.

India’s Trade Performance — HSN Code 55014000 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹1 Cr

−80.22% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹1 Cr

Trade Deficit

Surplus rank #7933 of 12657 HSN codes

% of Sub-Chapter 5501

FY 2024-25

0.00%

Share of Sub-Chapter 5501’s total exports in FY 2024-25

Import side: 0.58% of Sub-Chapter 5501’s imports

At a glance

−100.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.00%

Contribution to Sub-Ch. 5501

Share of Sub-Chapter 5501 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 55014000

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

Balance

−2.11

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5501

Imports

2.11 ₹ Cr

0.0001% share

— YoY

0.69% of Sub-Ch. 5501

FY 2019-20

Balance

−2.12

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5501

Imports

2.12 ₹ Cr

0.0001% share

+0.47% YoY

0.58% of Sub-Ch. 5501

FY 2020-21

Balance

−2.16

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5501

Imports

2.16 ₹ Cr

0.0001% share

+1.89% YoY

0.79% of Sub-Ch. 5501

FY 2021-22

Balance

−2.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5501

Imports

2.00 ₹ Cr

0.0000% share

−7.41% YoY

0.64% of Sub-Ch. 5501

FY 2022-23

Balance

−1.87

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5501

Imports

1.87 ₹ Cr

0.0000% share

−6.50% YoY

1.02% of Sub-Ch. 5501

FY 2023-24 Exp. Rank #8001

Balance

−4.07

Exports

1.29 ₹ Cr

0.0000% share

— YoY

3.15% of Sub-Ch. 5501

Imports

5.36 ₹ Cr

0.0001% share

+186.63% YoY

2.69% of Sub-Ch. 5501

FY 2024-25

Balance

−1.06

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5501

Imports

1.06 ₹ Cr

0.0000% share

−80.22% YoY

0.58% of Sub-Ch. 5501

CAGR · 7-Year

Exports

—

Imports

−10.84% /yr

Consistently Deficit
Sub-Chapter 5501 total

reference, FY 2024-25

Export

₹35.09 Cr

Import

₹182.23 Cr

Trade Balance

−147.14

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

Key Trade Insights: HSN Code 55014000 Export-Import Analysis

Export Snapshot for HSN Code 55014000

India exported ₹0.00 Crore worth of Of polypropylene in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2024-25 Was the Strongest Growth Year for HSN Code 55014000 Exports

The strongest single-year export movement for HSN Code 55014000 was recorded in FY 2024-25, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹1.06 Crore in HSN Code 55014000 Goods

In FY 2024-25, India's imports of ₹1.06 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹1.06 Crore — ranking #7933 of 12657 by surplus magnitude.

Import Growth of −10.84% CAGR Signals Stable Import Dependency for Of polypropylene

India's imports under HSN Code 55014000 have grown at −10.84% CAGR, reaching ₹1.06 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 55014000 and GST compliance.

What products are classified under HSN 55014000 ?

It includes Other : Other

How much GST applies to Of polypropylene?

Under HSN 55014000, Of polypropylene attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Of polypropylene?

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

Can we claim ITC on inputs used to trade Of polypropylene?

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 polypropylene?

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 Of polypropylene is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of polypropylene; Nil for exempt items if applicable).

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.