HSN Code 55021090: Artificial filament tow: Cellulose acetate

HSN Code 55021090 represents Artificial filament tow: Cellulose acetate under GST classification. This code helps businesses identify Artificial filament tow: Cellulose acetate correctly for billing, taxation, and trade. With HSN Code 55021090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Artificial filament tow: Cellulose acetate.

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Description of Goods for HSN Code 55021090

HSN Code 55021090 relates to the following description.

Description of Goods

Artificial filament tow : Of cellulose acetate: Other

Chapter

55 - Man-made staple fibres

Sub Chapter

5502 - Artificial filament tow

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 55021090 not include?

Artificial filament tow: Cellulose acetate does not include products with the following descriptions.

India’s Trade Performance — HSN Code 55021090 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

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹713 Cr

−0.64% vs FY 2023-24

0.0117% of India’s total imports

Trade Balance

FY 2024-25

−₹713 Cr

Trade Deficit

Surplus rank #12081 of 12657 HSN codes

% of Sub-Chapter 5502

FY 2024-25

2.73%

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

Import side: 92.27% of Sub-Chapter 5502’s imports

Rank Within Sub-Chapter 5502

FY 2024-25

#2 of 7

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

Import-side rank: #1 of 7

At a glance

54.31%

Export CAGR

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

#9258

National Export Rank

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

−100.00%

Peak Growth Year

FY 2019-20 · strongest single-year move

2.73%

Contribution to Sub-Ch. 5502

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

India Export-Import Trade Statistics for HSN Code 55021090

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 #9774

Balance

−79.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

16.67% of Sub-Ch. 5502

Imports

79.07 ₹ Cr

0.0022% share

— YoY

29.67% of Sub-Ch. 5502

FY 2019-20

Balance

−103.37

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

— of Sub-Ch. 5502

Imports

103.37 ₹ Cr

0.0031% share

+30.73% YoY

37.40% of Sub-Ch. 5502

FY 2020-21

Balance

−239.73

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

239.73 ₹ Cr

0.0082% share

+131.91% YoY

89.34% of Sub-Ch. 5502

FY 2021-22

Balance

−258.54

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

258.54 ₹ Cr

0.0057% share

+7.85% YoY

94.67% of Sub-Ch. 5502

FY 2022-23 Exp. Rank #10292

Balance

−473.80

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 5502

Imports

473.81 ₹ Cr

0.0082% share

+83.26% YoY

93.06% of Sub-Ch. 5502

FY 2023-24

Balance

−717.94

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5502

Imports

717.94 ₹ Cr

0.0128% share

+51.52% YoY

94.83% of Sub-Ch. 5502

FY 2024-25 Exp. Rank #9258

Balance

−713.09

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

2.73% of Sub-Ch. 5502

Imports

713.36 ₹ Cr

0.0117% share

−0.64% YoY

92.27% of Sub-Ch. 5502

CAGR · 7-Year

Exports

54.31% /yr

Imports

44.28% /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 55021090 Export-Import Analysis

Consistent Export Growth: 54.31% CAGR Over 7 Years

India's exports under HSN Code 55021090 have grown at a compound annual rate of 54.31% over 7 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹0.27 Crore in FY 2024-25.

HSN Code 55021090 Ranked #9258 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 55021090 ranks #9258 out of 12657 HSN codes by total export value. Within Sub-Chapter 5502, it ranks #2 of 7. By trade surplus, it ranks #12081 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 55021090 Exports

The strongest single-year export movement for HSN Code 55021090 was recorded in FY 2019-20, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹713.09 Crore in HSN Code 55021090 Goods

In FY 2024-25, India's imports of ₹713.36 Cr exceeded exports of ₹0.27 Cr, resulting in a trade deficit of ₹713.09 Crore — ranking #12081 of 12657 by surplus magnitude.

Import Growth of 44.28% CAGR Signals Rising Demand for Artificial filament tow: Cellulose acetate

India's imports under HSN Code 55021090 have grown at 44.28% CAGR, reaching ₹713.36 Crore in FY 2024-25.

HSN Code 55021090 Contributes 2.73% of Sub-Chapter 5502 Exports — Ranked #2

Among the 7 HSN codes under Sub-Chapter 5502, HSN Code 55021090 ranks #2 by export value — accounting for 2.73% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 92.27% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 55021090 and GST compliance.

What products are classified under HSN 55021090 ?

It includes Artificial Filament Tow (Other)

Can we claim ITC on inputs used to trade Artificial filament tow: Cellulose acetate?

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 Artificial filament tow: Cellulose acetate?

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 much GST applies to Artificial filament tow: Cellulose acetate?

Under HSN 55021090, Artificial filament tow: Cellulose acetate attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Artificial filament tow: Cellulose acetate?

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

How should mixed supplies be billed when Artificial filament tow: Cellulose acetate is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Artificial filament tow: Cellulose acetate; 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.