HSN Code 55029010: Viscose rayon tow

HSN Code 55029010 represents Viscose rayon tow under GST classification. This code helps businesses identify Viscose rayon tow correctly for billing, taxation, and trade. With HSN Code 55029010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Viscose rayon tow.

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Description of Goods for HSN Code 55029010

HSN Code 55029010 relates to the following description.

Description of Goods

Artificial filament tow : Other: 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 55029010 not include?

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

India’s Trade Performance — HSN Code 55029010 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

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹9 Cr

+71.05% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹9 Cr

Trade Deficit

Surplus rank #9012 of 12657 HSN codes

% of Sub-Chapter 5502

FY 2024-25

0.00%

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

Import side: 1.18% of Sub-Chapter 5502’s imports

At a glance

−93.10%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 5502

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

India Export-Import Trade Statistics for HSN Code 55029010

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

−0.14

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.05% of Sub-Ch. 5502

FY 2019-20

Balance

−3.98

Exports

Nil ₹ Cr

0.0000% share

— YoY

— of Sub-Ch. 5502

Imports

3.98 ₹ Cr

0.0001% share

+2,742.86% YoY

1.44% of Sub-Ch. 5502

FY 2020-21 Exp. Rank #8627

Balance

−3.39

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 5502

Imports

3.68 ₹ Cr

0.0001% share

−7.54% YoY

1.37% of Sub-Ch. 5502

FY 2021-22 Exp. Rank #10058

Balance

−4.00

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−93.10% YoY

100.00% of Sub-Ch. 5502

Imports

4.02 ₹ Cr

0.0001% share

+9.24% YoY

1.47% of Sub-Ch. 5502

FY 2022-23

Balance

−4.64

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 5502

Imports

4.64 ₹ Cr

0.0001% share

+15.42% YoY

0.91% of Sub-Ch. 5502

FY 2023-24

Balance

−5.32

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

5.32 ₹ Cr

0.0001% share

+14.66% YoY

0.70% of Sub-Ch. 5502

FY 2024-25

Balance

−9.10

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

9.10 ₹ Cr

0.0001% share

+71.05% YoY

1.18% of Sub-Ch. 5502

CAGR · 7-Year

Exports

—

Imports

100.52% /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 55029010 Export-Import Analysis

Export Snapshot for HSN Code 55029010

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

FY 2021-22 Was the Strongest Growth Year for HSN Code 55029010 Exports

The strongest single-year export movement for HSN Code 55029010 was recorded in FY 2021-22, when exports declined by 93.10% over the prior year.

India Records a Trade Deficit of ₹9.10 Crore in HSN Code 55029010 Goods

In FY 2024-25, India's imports of ₹9.10 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹9.10 Crore — ranking #9012 of 12657 by surplus magnitude.

Import Growth of 100.52% CAGR Signals Rising Demand for Viscose rayon tow

India's imports under HSN Code 55029010 have grown at 100.52% CAGR, reaching ₹9.10 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 55029010 and GST compliance.

What products are classified under HSN 55029010 ?

It includes Aramid Flame Retardant Fibre Yarns

Does packaging or labelling change the GST for Viscose rayon 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.

How much GST applies to Viscose rayon tow?

Under HSN 55029010, Viscose rayon tow attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Viscose rayon tow?

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

Do e‑way bill and e‑invoice apply for Viscose rayon 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.

Any common misclassification issue with Viscose rayon tow?

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

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.