HSN Code 55029090: Artificial Filament Tow (Other)

HSN Code 55029090 represents Artificial Filament Tow (Other) under GST classification. This code helps businesses identify Artificial Filament Tow (Other) correctly for billing, taxation, and trade. With HSN Code 55029090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Artificial Filament Tow (Other).

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Description of Goods for HSN Code 55029090

HSN Code 55029090 relates to the following description.

Description of Goods

Artificial filament tow : Other: 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 55029090 not include?

Artificial Filament Tow (Other) does not include products with the following descriptions.

India’s Trade Performance — HSN Code 55029090 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

₹4 Cr

+93.81% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹4 Cr

Trade Deficit

Surplus rank #8463 of 12657 HSN codes

% of Sub-Chapter 5502

FY 2024-25

0.30%

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

Import side: 0.49% of Sub-Chapter 5502’s imports

Rank Within Sub-Chapter 5502

FY 2024-25

#3 of 7

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

Import-side rank: #4 of 7

At a glance

0.00%

Export CAGR

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

#10193

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

0.30%

Contribution to Sub-Ch. 5502

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

India Export-Import Trade Statistics for HSN Code 55029090

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 #9664

Balance

−14.55

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

25.00% of Sub-Ch. 5502

Imports

14.58 ₹ Cr

0.0004% share

— YoY

5.47% of Sub-Ch. 5502

FY 2019-20

Balance

−38.13

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

— of Sub-Ch. 5502

Imports

38.13 ₹ Cr

0.0011% share

+161.52% YoY

13.80% of Sub-Ch. 5502

FY 2020-21

Balance

−1.11

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

1.11 ₹ Cr

0.0000% share

−97.09% YoY

0.41% of Sub-Ch. 5502

FY 2021-22

Balance

−0.38

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−65.77% YoY

0.14% of Sub-Ch. 5502

FY 2022-23

Balance

−2.79

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

2.79 ₹ Cr

0.0000% share

+634.21% YoY

0.55% of Sub-Ch. 5502

FY 2023-24

Balance

−1.94

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5502

Imports

1.94 ₹ Cr

0.0000% share

−30.47% YoY

0.26% of Sub-Ch. 5502

FY 2024-25 Exp. Rank #10193

Balance

−3.73

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.30% of Sub-Ch. 5502

Imports

3.76 ₹ Cr

0.0001% share

+93.81% YoY

0.49% of Sub-Ch. 5502

CAGR · 7-Year

Exports

0.00% /yr

Imports

−20.22% /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 55029090 Export-Import Analysis

Consistent Export Growth: 0.00% CAGR Over 7 Years

India's exports under HSN Code 55029090 have grown at a compound annual rate of 0.00% over 7 fiscal years, rising from ₹0.03 Crore in FY 2018-19 to ₹0.03 Crore in FY 2024-25.

HSN Code 55029090 Ranked #10193 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 55029090 ranks #10193 out of 12657 HSN codes by total export value. Within Sub-Chapter 5502, it ranks #3 of 7. By trade surplus, it ranks #8463 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 55029090 Exports

The strongest single-year export movement for HSN Code 55029090 was recorded in FY 2019-20, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹3.73 Crore in HSN Code 55029090 Goods

In FY 2024-25, India's imports of ₹3.76 Cr exceeded exports of ₹0.03 Cr, resulting in a trade deficit of ₹3.73 Crore — ranking #8463 of 12657 by surplus magnitude.

Import Growth of −20.22% CAGR Signals Stable Import Dependency for Artificial Filament Tow (Other)

India's imports under HSN Code 55029090 have grown at −20.22% CAGR, reaching ₹3.76 Crore in FY 2024-25.

HSN Code 55029090 Contributes 0.30% of Sub-Chapter 5502 Exports — Ranked #3

Among the 7 HSN codes under Sub-Chapter 5502, HSN Code 55029090 ranks #3 by export value — accounting for 0.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.49% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 55029090 and GST compliance.

What products are classified under HSN 55029090 ?

It includes Para-aramid fibre

How much GST applies to Artificial Filament Tow (Other)?

Under HSN 55029090, Artificial Filament Tow (Other) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Artificial Filament Tow (Other)?

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

Any common misclassification issue with Artificial Filament Tow (Other)?

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 Artificial Filament Tow (Other)?

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.

Do e‑way bill and e‑invoice apply for Artificial Filament Tow (Other)?

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.

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.