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HSN Code 55062000: Polyester Staple Fibres, Processed for Spinning

HSN Code 55062000 represents Polyester Staple Fibres, Processed for Spinning under GST classification. This code helps businesses identify Polyester Staple Fibres, Processed for Spinning correctly for billing, taxation, and trade. With HSN Code 55062000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Polyester Staple Fibres, Processed for Spinning.

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Description of Goods for HSN Code 55062000

HSN Code 55062000 relates to the following description.

Description of Goods

Of polyesters

Chapter

55 - Man-made staple fibres

Sub Chapter

5506 - Synthetic staple fibres, carded combed or otherwise processed for spinning

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 55062000 not include?

Polyester Staple Fibres, Processed for Spinning does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 55062000 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹14 Cr

−17.56% vs FY 2024-25

0.0004% of India’s total exports

India’s Imports

FY 2025-26

₹20 Cr

+31.20% vs FY 2024-25

0.0003% of India’s total imports

Trade Balance

FY 2025-26

−₹6 Cr

Trade Deficit

Surplus rank #8827 of 12872 HSN codes

% of Sub-Chapter 5506

FY 2025-26

48.90%

Share of Sub-Chapter 5506’s total exports in FY 2025-26

Import side: 44.18% of Sub-Chapter 5506’s imports

Rank Within Sub-Chapter 5506

FY 2025-26

#2 of 6

Position by export value among HSN codes in Sub-Chapter 5506

Import-side rank: #2 of 6

At a glance

17.32%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#5536

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+113.45%

Peak Growth Year

FY 2021-22 · strongest single-year move

48.90%

Contribution to Sub-Ch. 5506

Share of Sub-Chapter 5506 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 55062000

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #5962

Balance

−0.79

Exports

4.59 ₹ Cr

0.0002% share

— YoY

45.72% of Sub-Ch. 5506

Imports

5.38 ₹ Cr

0.0002% share

— YoY

17.72% of Sub-Ch. 5506

FY 2019-20 Exp. Rank #6473

Balance

−0.39

Exports

2.98 ₹ Cr

0.0001% share

−35.08% YoY

32.53% of Sub-Ch. 5506

Imports

3.37 ₹ Cr

0.0001% share

−37.36% YoY

11.08% of Sub-Ch. 5506

FY 2020-21 Exp. Rank #6597

Balance

−2.06

Exports

2.90 ₹ Cr

0.0001% share

−2.68% YoY

35.63% of Sub-Ch. 5506

Imports

4.96 ₹ Cr

0.0002% share

+47.18% YoY

22.02% of Sub-Ch. 5506

FY 2021-22 Exp. Rank #6093

Balance

−5.66

Exports

6.19 ₹ Cr

0.0002% share

+113.45% YoY

43.87% of Sub-Ch. 5506

Imports

11.85 ₹ Cr

0.0003% share

+138.91% YoY

31.15% of Sub-Ch. 5506

FY 2022-23 Exp. Rank #6377

Balance

−9.28

Exports

5.41 ₹ Cr

0.0001% share

−12.60% YoY

33.40% of Sub-Ch. 5506

Imports

14.69 ₹ Cr

0.0003% share

+23.97% YoY

38.04% of Sub-Ch. 5506

FY 2023-24 Exp. Rank #5841

Balance

−2.31

Exports

9.14 ₹ Cr

0.0003% share

+68.95% YoY

49.95% of Sub-Ch. 5506

Imports

11.45 ₹ Cr

0.0002% share

−22.06% YoY

38.03% of Sub-Ch. 5506

FY 2024-25 Exp. Rank #5095

Balance

+1.90

Exports

17.03 ₹ Cr

0.0005% share

+86.32% YoY

54.08% of Sub-Ch. 5506

Imports

15.13 ₹ Cr

0.0002% share

+32.14% YoY

43.34% of Sub-Ch. 5506

FY 2025-26 Exp. Rank #5536

Balance

−5.81

Exports

14.04 ₹ Cr

0.0004% share

−17.56% YoY

48.90% of Sub-Ch. 5506

Imports

19.85 ₹ Cr

0.0003% share

+31.20% YoY

44.18% of Sub-Ch. 5506

CAGR · 8-Year

Exports

17.32% /yr

Imports

20.50% /yr

Consistently Deficit
Sub-Chapter 5506 total

reference, FY 2025-26

Export

₹28.71 Cr

Import

₹44.93 Cr

Trade Balance

−16.22

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

Key Trade Insights: HSN Code 55062000 Export-Import Analysis

Consistent Export Growth: 17.32% CAGR Over 8 Years

India's exports under HSN Code 55062000 have grown at a compound annual rate of 17.32% over 8 fiscal years, rising from ₹4.59 Crore in FY 2018-19 to ₹14.04 Crore in FY 2025-26.

HSN Code 55062000 Ranked #5536 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 55062000 ranks #5536 out of 12872 HSN codes by total export value. Within Sub-Chapter 5506, it ranks #2 of 6. By trade surplus, it ranks #8827 of 12872.

FY 2021-22 Was the Strongest Growth Year for HSN Code 55062000 Exports

The strongest single-year export movement for HSN Code 55062000 was recorded in FY 2021-22, when exports surged by 113.45% over the prior year.

India Records a Trade Deficit of ₹5.81 Crore in HSN Code 55062000 Goods

In FY 2025-26, India's imports of ₹19.85 Cr exceeded exports of ₹14.04 Cr, resulting in a trade deficit of ₹5.81 Crore — ranking #8827 of 12872 by surplus magnitude.

Import Growth of 20.50% CAGR Signals Rising Demand for Polyester Staple Fibres, Processed for Spinning

India's imports under HSN Code 55062000 have grown at 20.50% CAGR, reaching ₹19.85 Crore in FY 2025-26.

HSN Code 55062000 Contributes 48.90% of Sub-Chapter 5506 Exports — Ranked #2

Among the 6 HSN codes under Sub-Chapter 5506, HSN Code 55062000 ranks #2 by export value — accounting for 48.90% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 44.18% share (rank #2).

Frequently Asked Questions

Clear answers to common queries about HSN Code 55062000 and GST compliance.

What products are classified under HSN 55062000 ?

It includes Of Polypropylene

Do e‑way bill and e‑invoice apply for Polyester Staple Fibres, Processed for Spinning?

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.

Does packaging or labelling change the GST for Polyester Staple Fibres, Processed for Spinning?

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 Polyester Staple Fibres, Processed for Spinning?

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

How should mixed supplies be billed when Polyester Staple Fibres, Processed for Spinning is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Polyester Staple Fibres, Processed for Spinning; Nil for exempt items if applicable).

How much GST applies to Polyester Staple Fibres, Processed for Spinning?

Under HSN 55062000, Polyester Staple Fibres, Processed for Spinning attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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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.