--- title: "HSN Code for Of Polypropylene | HSN 55034000 GST Rate" description: "Find HSN and GST Rates for 55034000 related to Of Polypropylene with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-55034000/" --- # HSN Code 55034000: Of Polypropylene - [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 polypropylene | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 55034000 ? It includes Other | Polyvinyl Chloride Staple Fibre ### Any common misclassification issue with Of Polypropylene? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Of Polypropylene? Under HSN 55034000, Of Polypropylene attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Of Polypropylene? 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 should mixed supplies be billed when Of Polypropylene is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of Polypropylene; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Of Polypropylene? 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. ### Can we claim ITC on inputs used to trade Of Polypropylene? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 55034000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹150 Cr (+19.27% YoY) — 0.0041% of India's total exports - Imports: ₹65 Cr (−15.44% YoY) — 0.0011% of India's total imports - Trade balance: ₹86 Cr (Surplus); surplus rank #1711 of 12657 HSN codes - Share of Sub-Chapter 5503: 5.72% of its exports; import side 3.84% - Rank within Sub-Chapter 5503: #2 of 19 by export value; import-side #6 ### Key metrics - Export CAGR: 10.09% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2150 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +82.76% in FY 2021-22 - Contribution to Sub-Ch. 5503: 5.72% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 55034000 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 | 84.46 | 0.0037% | — | 3.22% | 37.69 | 0.0011% | — | 2.48% | +46.77 | #2217 | | FY 2019-20 | 90.85 | 0.0041% | +7.57% | 3.78% | 29.89 | 0.0009% | −20.70% | 1.82% | +60.96 | #2120 | | FY 2020-21 | 76.64 | 0.0036% | −15.64% | 4.13% | 22.30 | 0.0008% | −25.39% | 1.91% | +54.34 | #2376 | | FY 2021-22 | 140.07 | 0.0045% | +82.76% | 4.02% | 41.60 | 0.0009% | +86.55% | 2.79% | +98.47 | #2017 | | FY 2022-23 | 160.22 | 0.0044% | +14.39% | 6.20% | 59.98 | 0.0010% | +44.18% | 3.27% | +100.24 | #1975 | | FY 2023-24 | 126.04 | 0.0035% | −21.33% | 6.17% | 76.36 | 0.0014% | +27.31% | 5.33% | +49.68 | #2304 | | FY 2024-25 | 150.33 | 0.0041% | +19.27% | 5.72% | 64.57 | 0.0011% | −15.44% | 3.84% | +85.76 | #2150 | - CAGR (7-year): exports 10.09%/yr, imports 9.39%/yr (consistently Surplus) ## Key trade insights: HSN Code 55034000 export-import analysis ### Consistent export growth: 10.09% CAGR over 7 years India's exports under HSN Code 55034000 have grown at a compound annual rate of 10.09% over 7 fiscal years, rising from ₹84.46 Crore in FY 2018-19 to ₹150.33 Crore in FY 2024-25. ### HSN Code 55034000 ranked #2150 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 55034000 ranks #2150 out of 12657 HSN codes by total export value. Within Sub-Chapter 5503, it ranks #2 of 19. By trade surplus, it ranks #1711 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 55034000 exports The strongest single-year export movement for HSN Code 55034000 was recorded in FY 2021-22, when exports surged by 82.76% over the prior year. ### India maintains a trade surplus of ₹85.76 Crore in HSN Code 55034000 goods In FY 2024-25, India's exports of ₹150.33 Cr exceeded imports of ₹64.57 Cr, resulting in a trade surplus of ₹85.76 Crore — ranking #1711 of 12657 by surplus magnitude. ### Import growth of 9.39% CAGR signals stable import dependency for Of Polypropylene India's imports under HSN Code 55034000 have grown at 9.39% CAGR, reaching ₹64.57 Crore in FY 2024-25. ### HSN Code 55034000 contributes 5.72% of Sub-Chapter 5503 exports — ranked #2 Among the 19 HSN codes under Sub-Chapter 5503, HSN Code 55034000 ranks #2 by export value — accounting for 5.72% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.84% share (rank #6). ## 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 (this hsn code) | ₹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 |