HSN Code 55034000: Of Polypropylene

HSN Code 55034000 represents Of Polypropylene under GST classification. This code helps businesses identify Of Polypropylene correctly for billing, taxation, and trade. With HSN Code 55034000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of Polypropylene.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 55034000

HSN Code 55034000 relates to the following description.

Description of Goods

Of polypropylene

Chapter

55 - Man-made staple fibres

Sub Chapter

5503 - Synthetic staple fibres, not carded, combed or otherwise processed for spinning

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 55034000 not include?

Of Polypropylene does not include products with the following descriptions.

HSN Code 55031000

Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides

HSN Code 55031100

Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides - of aramides

HSN Code 55031900

Synthetic staple fibres, not carded, combed or otherwise processed for spinning - of nylon or other polyamides-others

HSN Code 55031930

Of nylon or other polyamides : Other : Nylon 66 fibre conforming to IS 13464

HSN Code 55033000

Synthetic staple fibres, not carded, combed or otherwise processed for spinning - acrylic or modacrylic

HSN Code 55039030

Other :Ultra high molecular weight polyethylene staple fibre conforming to ASTM F2848

India’s Trade Performance — HSN Code 55034000 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

₹150 Cr

+19.27% vs FY 2023-24

0.0041% of India’s total exports

India’s Imports

FY 2024-25

₹65 Cr

−15.44% vs FY 2023-24

0.0011% of India’s total imports

Trade Balance

FY 2024-25

₹86 Cr

Trade Surplus

Surplus rank #1711 of 12657 HSN codes

% of Sub-Chapter 5503

FY 2024-25

5.72%

Share of Sub-Chapter 5503’s total exports in FY 2024-25

Import side: 3.84% of Sub-Chapter 5503’s imports

Rank Within Sub-Chapter 5503

FY 2024-25

#2 of 19

Position by export value among HSN codes in Sub-Chapter 5503

Import-side rank: #6 of 19

At a glance

10.09%

Export CAGR

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

#2150

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+82.76%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.72%

Contribution to Sub-Ch. 5503

Share of Sub-Chapter 5503 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #2217

Balance

+46.77

Exports

84.46 ₹ Cr

0.0037% share

— YoY

3.22% of Sub-Ch. 5503

Imports

37.69 ₹ Cr

0.0011% share

— YoY

2.48% of Sub-Ch. 5503

FY 2019-20 Exp. Rank #2120

Balance

+60.96

Exports

90.85 ₹ Cr

0.0041% share

+7.57% YoY

3.78% of Sub-Ch. 5503

Imports

29.89 ₹ Cr

0.0009% share

−20.70% YoY

1.82% of Sub-Ch. 5503

FY 2020-21 Exp. Rank #2376

Balance

+54.34

Exports

76.64 ₹ Cr

0.0036% share

−15.64% YoY

4.13% of Sub-Ch. 5503

Imports

22.30 ₹ Cr

0.0008% share

−25.39% YoY

1.91% of Sub-Ch. 5503

FY 2021-22 Exp. Rank #2017

Balance

+98.47

Exports

140.07 ₹ Cr

0.0045% share

+82.76% YoY

4.02% of Sub-Ch. 5503

Imports

41.60 ₹ Cr

0.0009% share

+86.55% YoY

2.79% of Sub-Ch. 5503

FY 2022-23 Exp. Rank #1975

Balance

+100.24

Exports

160.22 ₹ Cr

0.0044% share

+14.39% YoY

6.20% of Sub-Ch. 5503

Imports

59.98 ₹ Cr

0.0010% share

+44.18% YoY

3.27% of Sub-Ch. 5503

FY 2023-24 Exp. Rank #2304

Balance

+49.68

Exports

126.04 ₹ Cr

0.0035% share

−21.33% YoY

6.17% of Sub-Ch. 5503

Imports

76.36 ₹ Cr

0.0014% share

+27.31% YoY

5.33% of Sub-Ch. 5503

FY 2024-25 Exp. Rank #2150

Balance

+85.76

Exports

150.33 ₹ Cr

0.0041% share

+19.27% YoY

5.72% of Sub-Ch. 5503

Imports

64.57 ₹ Cr

0.0011% share

−15.44% YoY

3.84% of Sub-Ch. 5503

CAGR · 7-Year

Exports

10.09% /yr

Imports

9.39% /yr

Consistently Surplus
Sub-Chapter 5503 total

reference, FY 2024-25

Export

₹2,630.42 Cr

Import

₹1,679.88 Cr

Trade Balance

+950.54

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 55034000 and GST compliance.

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.

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.