HSN Code 55031120: Para-aramid fibre
HSN Code 55031120 represents Para-aramid fibre under GST classification. This code helps businesses identify Para-aramid fibre correctly for billing, taxation, and trade. With HSN Code 55031120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Para-aramid fibre.
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Description of Goods for HSN Code 55031120
HSN Code 55031120 relates to the following description.
What does HSN Code 55031120 not include?
Para-aramid fibre does not include products with the following descriptions.
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides - of aramides
Of nylon or other polyamides : Of aramids :Aramid Flame Retardant Fibre
Of nylon or other polyamides : Of aramids: Other
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides-others
Of nylon or other polyamides : Other :Nylon Staple Fibre
Of nylon or other polyamides : Other : Nylon Anti Static Staple Fibre
Of nylon or other polyamides : Other : Nylon 66 fibre conforming to IS 13464
Of nylon or other polyamides : Other : Other
Of polyesters
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - acrylic or modacrylic
Acrylic or modacrylic :Pre Oxidised Fibre, conforming to IS 17308
Acrylic or modacrylic :Other
Of polypropylene
Other : Polyvinyl staple fibre
Other : Polyvinyl chloride staple fibre
Other :Ultra high molecular weight polyethylene staple fibre conforming to ASTM F2848
Other : Other
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides - of aramides
Of nylon or other polyamides : Of aramids :Aramid Flame Retardant Fibre
Of nylon or other polyamides : Of aramids: Other
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides-others
Of nylon or other polyamides : Other :Nylon Staple Fibre
Of nylon or other polyamides : Other : Nylon Anti Static Staple Fibre
Of nylon or other polyamides : Other : Nylon 66 fibre conforming to IS 13464
Of nylon or other polyamides : Other : Other
Of polyesters
Synthetic staple fibres, not carded, combed or otherwise processed for spinning - acrylic or modacrylic
Acrylic or modacrylic :Pre Oxidised Fibre, conforming to IS 17308
Acrylic or modacrylic :Other
Of polypropylene
Other : Polyvinyl staple fibre
Other : Polyvinyl chloride staple fibre
Other :Ultra high molecular weight polyethylene staple fibre conforming to ASTM F2848
Other : Other
India’s Trade Performance — HSN Code 55031120 in FY 2024-25
India’s Exports
FY 2024-25₹1 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹12 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹10 Cr
Surplus rank #9099 of 12657 HSN codes
% of Sub-Chapter 5503
FY 2024-250.05%
Share of Sub-Chapter 5503’s total exports in FY 2024-25
Import side: 0.70% of Sub-Chapter 5503’s imports
Rank Within Sub-Chapter 5503
FY 2024-25#5 of 19
Position by export value among HSN codes in Sub-Chapter 5503
Import-side rank: #8 of 19
At a glance
#7927
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+11.90%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.05%
Contribution to Sub-Ch. 5503
Share of Sub-Chapter 5503 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5503
Balance
−7.54
Exports
1.26 ₹ Cr
0.0000% share
— YoY
0.06% of Sub-Ch. 5503
Imports
8.80 ₹ Cr
0.0002% share
— YoY
0.61% of Sub-Ch. 5503
Balance
−10.31
Exports
1.41 ₹ Cr
0.0000% share
+11.90% YoY
0.05% of Sub-Ch. 5503
Imports
11.72 ₹ Cr
0.0002% share
+33.18% YoY
0.70% of Sub-Ch. 5503
reference, FY 2024-25
Export
₹2,630.42 Cr
Import
₹1,679.88 Cr
Trade Balance
+950.54
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 55031120 and GST compliance.
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.