---
title: "HSN Code for Of Polyesters | HSN 55032000 GST Rate"
description: "Find HSN and GST Rates for 55032000 related to Of Polyesters with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-55032000/"
---

# HSN Code 55032000: Of Polyesters

- [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 polyesters | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 55032000 ?

It includes Man-Made Staple Fibres

### Do e‑way bill and e‑invoice apply for Of Polyesters?

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.

### How much GST applies to Of Polyesters?

Under HSN 55032000, Of Polyesters attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Of Polyesters is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of Polyesters; Nil for exempt items if applicable).

### Can we claim ITC on inputs used to trade Of Polyesters?

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 Of Polyesters?

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 55032000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹2,440 Cr (+32.26% YoY) — 0.0663% of India's total exports
- Imports: ₹690 Cr (+32.66% YoY) — 0.0114% of India's total imports
- Trade balance: ₹1,750 Cr (Surplus); surplus rank #223 of 12657 HSN codes
- Share of Sub-Chapter 5503: 92.75% of its exports; import side 41.08%
- Rank within Sub-Chapter 5503: #1 of 19 by export value; import-side #1

### Key metrics

- Export CAGR: 1.41% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #216 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +91.24% in FY 2021-22
- Contribution to Sub-Ch. 5503: 92.75% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 55032000

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 | 2,243.24 | 0.0982% | — | 85.65% | 875.09 | 0.0244% | — | 57.59% | +1,368.15 | #137 |
| FY 2019-20 | 2,045.42 | 0.0929% | −8.82% | 85.16% | 916.21 | 0.0274% | +4.70% | 55.80% | +1,129.21 | #151 |
| FY 2020-21 | 1,718.71 | 0.0799% | −15.97% | 92.59% | 634.50 | 0.0218% | −30.75% | 54.31% | +1,084.21 | #196 |
| FY 2021-22 | 3,286.94 | 0.1047% | +91.24% | 94.39% | 758.98 | 0.0166% | +19.62% | 50.91% | +2,527.96 | #140 |
| FY 2022-23 | 2,275.13 | 0.0628% | −30.78% | 87.99% | 916.54 | 0.0159% | +20.76% | 50.03% | +1,358.59 | #215 |
| FY 2023-24 | 1,844.71 | 0.0510% | −18.92% | 90.32% | 520.24 | 0.0093% | −43.24% | 36.29% | +1,324.47 | #272 |
| FY 2024-25 | 2,439.83 | 0.0663% | +32.26% | 92.75% | 690.17 | 0.0114% | +32.66% | 41.08% | +1,749.66 | #216 |

- CAGR (7-year): exports 1.41%/yr, imports -3.88%/yr (consistently Surplus)

## Key trade insights: HSN Code 55032000 export-import analysis

### Consistent export growth: 1.41% CAGR over 7 years

India's exports under HSN Code 55032000 have grown at a compound annual rate of 1.41% over 7 fiscal years, rising from ₹2,243.24 Crore in FY 2018-19 to ₹2,439.83 Crore in FY 2024-25.

### HSN Code 55032000 ranked #216 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 55032000 ranks #216 out of 12657 HSN codes by total export value. Within Sub-Chapter 5503, it ranks #1 of 19. By trade surplus, it ranks #223 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 55032000 exports

The strongest single-year export movement for HSN Code 55032000 was recorded in FY 2021-22, when exports surged by 91.24% over the prior year.

### India maintains a trade surplus of ₹1,749.66 Crore in HSN Code 55032000 goods

In FY 2024-25, India's exports of ₹2,439.83 Cr exceeded imports of ₹690.17 Cr, resulting in a trade surplus of ₹1,749.66 Crore — ranking #223 of 12657 by surplus magnitude.

### Import growth of -3.88% CAGR signals stable import dependency for Of Polyesters

India's imports under HSN Code 55032000 have grown at -3.88% CAGR, reaching ₹690.17 Crore in FY 2024-25.

### HSN Code 55032000 contributes 92.75% of Sub-Chapter 5503 exports — ranked #1

Among the 19 HSN codes under Sub-Chapter 5503, HSN Code 55032000 ranks #1 by export value — accounting for 92.75% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 41.08% share (rank #1).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-55031120/) | ₹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 |