--- title: "HSN Code for Para-aramid fibre | HSN 55031120 GST Rate" description: "Find HSN and GST Rates for 55031120 related to Para-aramid fibre with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-55031120/" --- # HSN Code 55031120: Para-aramid fibre - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 55: Man-made staple fibres](https://busy.in/hsn/chapter-55/) - [Sub-chapter 5503: Soups & food preparations](https://busy.in/hsn/sub-chapter-5503/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of nylon or other polyamides : Of aramids:Para-aramid Fibre | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 55031120 ? It includes Nylon staple fibre ### How should mixed supplies be billed when Para-aramid fibre is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Para-aramid fibre; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Para-aramid fibre? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Para-aramid fibre? Under HSN 55031120, Para-aramid fibre attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Para-aramid fibre? 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. ### Any common misclassification issue with Para-aramid fibre? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 55031120 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+11.90% YoY) — 0.0000% of India's total exports - Imports: ₹12 Cr (+33.18% YoY) — 0.0002% of India's total imports - Trade balance: −₹10 Cr (Deficit); surplus rank #9099 of 12657 HSN codes - Share of Sub-Chapter 5503: 0.05% of its exports; import side 0.70% - Rank within Sub-Chapter 5503: #5 of 19 by export value; import-side #8 ### Key metrics - National export rank: #7927 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +11.90% in FY 2024-25 - Contribution to Sub-Ch. 5503: 0.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 55031120 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 5503 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5503 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | 1.26 | 0.0000% | — | 0.06% | 8.80 | 0.0002% | — | 0.61% | −7.54 | #8026 | | FY 2024-25 | 1.41 | 0.0000% | +11.90% | 0.05% | 11.72 | 0.0002% | +33.18% | 0.70% | −10.31 | #7927 | ## Key trade insights: HSN Code 55031120 export-import analysis ### Export snapshot for HSN Code 55031120 India exported ₹1.41 Crore worth of Para-aramid fibre in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 55031120 ranked #7927 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 55031120 ranks #7927 out of 12657 HSN codes by total export value. Within Sub-Chapter 5503, it ranks #5 of 19. By trade surplus, it ranks #9099 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 55031120 exports The strongest single-year export movement for HSN Code 55031120 was recorded in FY 2024-25, when exports surged by 11.90% over the prior year. ### India records a trade deficit of ₹10.31 Crore in HSN Code 55031120 goods In FY 2024-25, India's imports of ₹11.72 Cr exceeded exports of ₹1.41 Cr, resulting in a trade deficit of ₹10.31 Crore — ranking #9099 of 12657 by surplus magnitude. ### HSN Code 55031120 contributes 0.05% of Sub-Chapter 5503 exports — ranked #5 Among the 19 HSN codes under Sub-Chapter 5503, HSN Code 55031120 ranks #5 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.70% share (rank #8). ## Related HSN Codes in Sub-Chapter 5503 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 55032000: Of Polyesters](https://busy.in/hsn/hsn-55032000/) | ₹2,440 Cr | | #2 | [HSN Code 55034000: Of Polypropylene](https://busy.in/hsn/hsn-55034000/) | ₹150 Cr | | #3 | [HSN Code 55033090: Man-Made Staple Fibres](https://busy.in/hsn/hsn-55033090/) | ₹33 Cr | | #4 | [HSN Code 55031110: Aramid Flame Retardant Fibre Yarns](https://busy.in/hsn/hsn-55031110/) | ₹4 Cr | | #5 | HSN Code 55031120: Para-aramid fibre (this hsn code) | ₹1 Cr | | #6 | [HSN Code 55031990: Of nylon or other polyamides : Other : Other](https://busy.in/hsn/hsn-55031990/) | < ₹1 Crore | | #7 | [HSN Code 55031910: Nylon staple fibre](https://busy.in/hsn/hsn-55031910/) | < ₹1 Crore | | #8 | [HSN Code 55039090: Unprocessed synthetic staple fibres \| Other](https://busy.in/hsn/hsn-55039090/) | < ₹1 Crore | | #9 | [HSN Code 55031190: Of nylon or other polyamides : Of aramids: Other](https://busy.in/hsn/hsn-55031190/) | < ₹1 Crore | | #10 | [HSN Code 55033010: Pre-Oxidised Acrylic Fiber (Is 17308)](https://busy.in/hsn/hsn-55033010/) | < ₹1 Crore |