HSN Code 55062000: Of Polyesters
HSN Code 55062000 represents Of Polyesters under GST classification. This code helps businesses identify Of Polyesters 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 Of Polyesters.
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Description of Goods for HSN Code 55062000
HSN Code 55062000 relates to the following description.
What does HSN Code 55062000 not include?
Of Polyesters does not include products with the following descriptions.
Of nylon or other polyamides
Acrylic or modacrylic
Of Polypropylene
Other : Polypropylene tops
Other : Other
India’s Trade Performance — HSN Code 55062000 in FY 2024-25
India’s Exports
FY 2024-25₹17 Cr
0.0005% of India’s total exports
India’s Imports
FY 2024-25₹15 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25₹2 Cr
Surplus rank #4250 of 12657 HSN codes
% of Sub-Chapter 5506
FY 2024-2554.08%
Share of Sub-Chapter 5506’s total exports in FY 2024-25
Import side: 43.34% of Sub-Chapter 5506’s imports
Rank Within Sub-Chapter 5506
FY 2024-25#1 of 6
Position by export value among HSN codes in Sub-Chapter 5506
Import-side rank: #2 of 6
At a glance
24.42%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5095
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+113.45%
Peak Growth Year
FY 2021-22 · strongest single-year move
54.08%
Contribution to Sub-Ch. 5506
Share of Sub-Chapter 5506 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 55062000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
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
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
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
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
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
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
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
CAGR · 7-Year
Exports
24.42% /yr
Imports
18.81% /yr
Key Trade Insights: HSN Code 55062000 Export-Import Analysis
Consistent Export Growth: 24.42% CAGR Over 7 Years
India's exports under HSN Code 55062000 have grown at a compound annual rate of 24.42% over 7 fiscal years, rising from ₹4.59 Crore in FY 2018-19 to ₹17.03 Crore in FY 2024-25.
HSN Code 55062000 Ranked #5095 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 55062000 ranks #5095 out of 12657 HSN codes by total export value. Within Sub-Chapter 5506, it ranks #1 of 6. By trade surplus, it ranks #4250 of 12657.
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 Maintains a Trade Surplus of ₹1.90 Crore in HSN Code 55062000 Goods
In FY 2024-25, India's exports of ₹17.03 Cr exceeded imports of ₹15.13 Cr, resulting in a trade surplus of ₹1.90 Crore — ranking #4250 of 12657 by surplus magnitude.
Import Growth of 18.81% CAGR Signals Rising Demand for Of Polyesters
India's imports under HSN Code 55062000 have grown at 18.81% CAGR, reaching ₹15.13 Crore in FY 2024-25.
HSN Code 55062000 Contributes 54.08% of Sub-Chapter 5506 Exports — Ranked #1
Among the 6 HSN codes under Sub-Chapter 5506, HSN Code 55062000 ranks #1 by export value — accounting for 54.08% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 43.34% share (rank #2).
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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 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.
Does packaging or labelling change the GST for Of Polyesters?
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 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.
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).
How much GST applies to Of Polyesters?
Under HSN 55062000, Of Polyesters attracts Varies when sold in taxable form. Describe the exact form on the invoice.