HSN Code 55021010: Viscose rayon tow, artificial filament tow

HSN Code 55021010 represents Viscose rayon tow, artificial filament tow under GST classification. This code helps businesses identify Viscose rayon tow, artificial filament tow correctly for billing, taxation, and trade. With HSN Code 55021010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Viscose rayon tow, artificial filament tow.

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Description of Goods for HSN Code 55021010

HSN Code 55021010 relates to the following description.

Description of Goods

Artificial filament tow : Of cellulose acetate: Viscose rayon tow

Chapter

55 - Man-made staple fibres

Sub Chapter

5502 - Artificial filament tow

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 55021010 not include?

Viscose rayon tow, artificial filament tow does not include products with the following descriptions.

India’s Trade Performance — HSN Code 55021010 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

₹10 Cr

+514.74% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹47 Cr

+47.14% vs FY 2023-24

0.0008% of India’s total imports

Trade Balance

FY 2024-25

−₹37 Cr

Trade Deficit

Surplus rank #10020 of 12657 HSN codes

% of Sub-Chapter 5502

FY 2024-25

96.97%

Share of Sub-Chapter 5502’s total exports in FY 2024-25

Import side: 6.06% of Sub-Chapter 5502’s imports

Rank Within Sub-Chapter 5502

FY 2024-25

#1 of 7

Position by export value among HSN codes in Sub-Chapter 5502

Import-side rank: #2 of 7

At a glance

127.05%

Export CAGR

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

#5818

National Export Rank

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

+514.74%

Peak Growth Year

FY 2024-25 · strongest single-year move

96.97%

Contribution to Sub-Ch. 5502

Share of Sub-Chapter 5502 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 55021010

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 #9371

Balance

−172.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

58.33% of Sub-Ch. 5502

Imports

172.71 ₹ Cr

0.0048% share

— YoY

64.80% of Sub-Ch. 5502

FY 2019-20

Balance

−130.91

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

— of Sub-Ch. 5502

Imports

130.91 ₹ Cr

0.0039% share

−24.20% YoY

47.36% of Sub-Ch. 5502

FY 2020-21

Balance

−23.81

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

23.81 ₹ Cr

0.0008% share

−81.81% YoY

8.87% of Sub-Ch. 5502

FY 2021-22

Balance

−10.16

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

10.16 ₹ Cr

0.0002% share

−57.33% YoY

3.72% of Sub-Ch. 5502

FY 2022-23

Balance

−27.92

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

27.92 ₹ Cr

0.0005% share

+174.80% YoY

5.48% of Sub-Ch. 5502

FY 2023-24 Exp. Rank #7825

Balance

−30.30

Exports

1.56 ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 5502

Imports

31.86 ₹ Cr

0.0006% share

+14.11% YoY

4.21% of Sub-Ch. 5502

FY 2024-25 Exp. Rank #5818

Balance

−37.29

Exports

9.59 ₹ Cr

0.0003% share

+514.74% YoY

96.97% of Sub-Ch. 5502

Imports

46.88 ₹ Cr

0.0008% share

+47.14% YoY

6.06% of Sub-Ch. 5502

CAGR · 7-Year

Exports

127.05% /yr

Imports

−19.53% /yr

Consistently Deficit
Sub-Chapter 5502 total

reference, FY 2024-25

Export

₹9.89 Cr

Import

₹773.10 Cr

Trade Balance

−763.21

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

Key Trade Insights: HSN Code 55021010 Export-Import Analysis

Consistent Export Growth: 127.05% CAGR Over 7 Years

India's exports under HSN Code 55021010 have grown at a compound annual rate of 127.05% over 7 fiscal years, rising from ₹0.07 Crore in FY 2018-19 to ₹9.59 Crore in FY 2024-25.

HSN Code 55021010 Ranked #5818 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 55021010 ranks #5818 out of 12657 HSN codes by total export value. Within Sub-Chapter 5502, it ranks #1 of 7. By trade surplus, it ranks #10020 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 55021010 Exports

The strongest single-year export movement for HSN Code 55021010 was recorded in FY 2024-25, when exports surged by 514.74% over the prior year.

India Records a Trade Deficit of ₹37.29 Crore in HSN Code 55021010 Goods

In FY 2024-25, India's imports of ₹46.88 Cr exceeded exports of ₹9.59 Cr, resulting in a trade deficit of ₹37.29 Crore — ranking #10020 of 12657 by surplus magnitude.

Import Growth of −19.53% CAGR Signals Stable Import Dependency for Viscose rayon tow, artificial filament tow

India's imports under HSN Code 55021010 have grown at −19.53% CAGR, reaching ₹46.88 Crore in FY 2024-25.

HSN Code 55021010 Contributes 96.97% of Sub-Chapter 5502 Exports — Ranked #1

Among the 7 HSN codes under Sub-Chapter 5502, HSN Code 55021010 ranks #1 by export value — accounting for 96.97% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.06% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 55021010 and GST compliance.

What products are classified under HSN 55021010 ?

It includes Viscose rayon tow

Do e‑way bill and e‑invoice apply for Viscose rayon tow, artificial filament tow?

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 Viscose rayon tow, artificial filament tow?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when Viscose rayon tow, artificial filament tow is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Viscose rayon tow, artificial filament tow; Nil for exempt items if applicable).

Any common misclassification issue with Viscose rayon tow, artificial filament tow?

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 Viscose rayon tow, artificial filament tow?

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.

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.