HSN Code 55041029: Of viscose rayon: Obtained from bamboo : Other

HSN Code 55041029 represents Of viscose rayon: Obtained from bamboo : Other under GST classification. This code helps businesses identify Of viscose rayon: Obtained from bamboo : Other correctly for billing, taxation, and trade. With HSN Code 55041029, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of viscose rayon: Obtained from bamboo : Other.

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Description of Goods for HSN Code 55041029

HSN Code 55041029 relates to the following description.

Description of Goods

Of viscose rayon: Obtained from bamboo : Other

Chapter

55 - Man-made staple fibres

Sub Chapter

5504 - Artificial staple fibres, not carded, combed or otherwise processed for spinning

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 55041029 not include?

Of viscose rayon: Obtained from bamboo : Other does not include products with the following descriptions.

HSN Code 55041000

Artificial staple fibres, not carded, combed or otherwise processed for spinning - of viscose rayon

HSN Code 55041011

Of viscose rayon: Obtained from wood other than bamboo :Flame retardant Viscose Rayon fibre

HSN Code 55041021

Of viscose rayon: Obtained from bamboo :Flame retardant Viscose Rayon fibre

India’s Trade Performance — HSN Code 55041029 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

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹19 Cr

+16.89% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

−₹19 Cr

Trade Deficit

Surplus rank #9518 of 12657 HSN codes

% of Sub-Chapter 5504

FY 2024-25

0.00%

Share of Sub-Chapter 5504’s total exports in FY 2024-25

Import side: 1.44% of Sub-Chapter 5504’s imports

India Export-Import Trade Statistics for HSN Code 55041029

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

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

FY 2022-23

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

FY 2023-24

Balance

−16.28

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

Imports

16.28 ₹ Cr

0.0003% share

— YoY

1.50% of Sub-Ch. 5504

FY 2024-25

Balance

−19.03

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5504

Imports

19.03 ₹ Cr

0.0003% share

+16.89% YoY

1.44% of Sub-Ch. 5504

Sub-Chapter 5504 total

reference, FY 2024-25

Export

₹815.73 Cr

Import

₹1,318.91 Cr

Trade Balance

−503.18

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

Key Trade Insights: HSN Code 55041029 Export-Import Analysis

Export Snapshot for HSN Code 55041029

India exported ₹0.00 Crore worth of Of viscose rayon: Obtained from bamboo : Other in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

India Records a Trade Deficit of ₹19.03 Crore in HSN Code 55041029 Goods

In FY 2024-25, India's imports of ₹19.03 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹19.03 Crore — ranking #9518 of 12657 by surplus magnitude.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 55041029 and GST compliance.

What products are classified under HSN 55041029 ?

It includes Other | Acetate Rayon Staple Fibre

Any common misclassification issue with Of viscose rayon: Obtained from bamboo : Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Does packaging or labelling change the GST for Of viscose rayon: Obtained from bamboo : Other?

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.

How much GST applies to Of viscose rayon: Obtained from bamboo : Other?

Under HSN 55041029, Of viscose rayon: Obtained from bamboo : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Of viscose rayon: Obtained from bamboo : Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of viscose rayon: Obtained from bamboo : Other; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Of viscose rayon: Obtained from bamboo : Other?

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.

Can we claim ITC on inputs used to trade Of viscose rayon: Obtained from bamboo : Other?

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.