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HSN Code 55063000: Acrylic or Modacrylic Staple Fibres, Processed for Spinning

HSN Code 55063000 represents Acrylic or Modacrylic Staple Fibres, Processed for Spinning under GST classification. This code helps businesses identify Acrylic or Modacrylic Staple Fibres, Processed for Spinning correctly for billing, taxation, and trade. With HSN Code 55063000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Acrylic or Modacrylic Staple Fibres, Processed for Spinning.

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Description of Goods for HSN Code 55063000

HSN Code 55063000 relates to the following description.

Description of Goods

Acrylic or modacrylic

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 55063000 not include?

Acrylic or Modacrylic Staple Fibres, Processed for Spinning does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 55063000 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

+3.06% vs FY 2024-25

0.0004% of India’s total exports

India’s Imports

FY 2025-26

₹3 Cr

+2,758.33% vs FY 2024-25

0.0001% of India’s total imports

Trade Balance

FY 2025-26

₹11 Cr

Trade Surplus

Surplus rank #3355 of 12872 HSN codes

% of Sub-Chapter 5506

FY 2025-26

49.29%

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

Import side: 7.63% of Sub-Chapter 5506’s imports

Rank Within Sub-Chapter 5506

FY 2025-26

#1 of 6

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

Import-side rank: #3 of 6

At a glance

16.77%

Export CAGR

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

#5520

National Export Rank

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

+82.76%

Peak Growth Year

FY 2021-22 · strongest single-year move

49.29%

Contribution to Sub-Ch. 5506

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

India Export-Import Trade Statistics for HSN Code 55063000

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 #5918

Balance

−0.86

Exports

4.78 ₹ Cr

0.0002% share

— YoY

47.61% of Sub-Ch. 5506

Imports

5.64 ₹ Cr

0.0002% share

— YoY

18.58% of Sub-Ch. 5506

FY 2019-20 Exp. Rank #6079

Balance

−1.23

Exports

4.14 ₹ Cr

0.0002% share

−13.39% YoY

45.20% of Sub-Ch. 5506

Imports

5.37 ₹ Cr

0.0002% share

−4.79% YoY

17.65% of Sub-Ch. 5506

FY 2020-21 Exp. Rank #6597

Balance

−1.47

Exports

2.90 ₹ Cr

0.0001% share

−29.95% YoY

35.63% of Sub-Ch. 5506

Imports

4.37 ₹ Cr

0.0001% share

−18.62% YoY

19.41% of Sub-Ch. 5506

FY 2021-22 Exp. Rank #6281

Balance

−7.02

Exports

5.30 ₹ Cr

0.0002% share

+82.76% YoY

37.56% of Sub-Ch. 5506

Imports

12.32 ₹ Cr

0.0003% share

+181.92% YoY

32.39% of Sub-Ch. 5506

FY 2022-23 Exp. Rank #5673

Balance

+3.27

Exports

9.63 ₹ Cr

0.0003% share

+81.70% YoY

59.44% of Sub-Ch. 5506

Imports

6.36 ₹ Cr

0.0001% share

−48.38% YoY

16.47% of Sub-Ch. 5506

FY 2023-24 Exp. Rank #5934

Balance

+4.73

Exports

8.45 ₹ Cr

0.0002% share

−12.25% YoY

46.17% of Sub-Ch. 5506

Imports

3.72 ₹ Cr

0.0001% share

−41.51% YoY

12.35% of Sub-Ch. 5506

FY 2024-25 Exp. Rank #5383

Balance

+13.61

Exports

13.73 ₹ Cr

0.0004% share

+62.49% YoY

43.60% of Sub-Ch. 5506

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−96.77% YoY

0.34% of Sub-Ch. 5506

FY 2025-26 Exp. Rank #5520

Balance

+10.72

Exports

14.15 ₹ Cr

0.0004% share

+3.06% YoY

49.29% of Sub-Ch. 5506

Imports

3.43 ₹ Cr

0.0001% share

+2,758.33% YoY

7.63% of Sub-Ch. 5506

CAGR · 8-Year

Exports

16.77% /yr

Imports

−6.86% /yr

Consistently Surplus
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 55063000 Export-Import Analysis

Consistent Export Growth: 16.77% CAGR Over 8 Years

India's exports under HSN Code 55063000 have grown at a compound annual rate of 16.77% over 8 fiscal years, rising from ₹4.78 Crore in FY 2018-19 to ₹14.15 Crore in FY 2025-26.

HSN Code 55063000 Ranked #5520 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 55063000 ranks #5520 out of 12872 HSN codes by total export value. Within Sub-Chapter 5506, it ranks #1 of 6. By trade surplus, it ranks #3355 of 12872.

FY 2021-22 Was the Strongest Growth Year for HSN Code 55063000 Exports

The strongest single-year export movement for HSN Code 55063000 was recorded in FY 2021-22, when exports surged by 82.76% over the prior year.

India Maintains a Trade Surplus of ₹10.72 Crore in HSN Code 55063000 Goods

In FY 2025-26, India's exports of ₹14.15 Cr exceeded imports of ₹3.43 Cr, resulting in a trade surplus of ₹10.72 Crore — ranking #3355 of 12872 by surplus magnitude.

Import Growth of −6.86% CAGR Signals Stable Import Dependency for Acrylic or Modacrylic Staple Fibres, Processed for Spinning

India's imports under HSN Code 55063000 have grown at −6.86% CAGR, reaching ₹3.43 Crore in FY 2025-26.

HSN Code 55063000 Contributes 49.29% of Sub-Chapter 5506 Exports — Ranked #1

Among the 6 HSN codes under Sub-Chapter 5506, HSN Code 55063000 ranks #1 by export value — accounting for 49.29% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 7.63% share (rank #3).

Frequently Asked Questions

Clear answers to common queries about HSN Code 55063000 and GST compliance.

What products are classified under HSN 55063000 ?

It includes Other : Polypropylene tops

Any common misclassification issue with Acrylic or Modacrylic 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 Acrylic or Modacrylic 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 Acrylic or Modacrylic Staple Fibres, Processed for Spinning; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Acrylic or Modacrylic 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.

How much GST applies to Acrylic or Modacrylic Staple Fibres, Processed for Spinning?

Under HSN 55063000, Acrylic or Modacrylic Staple Fibres, Processed for Spinning attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Acrylic or Modacrylic Staple Fibres, Processed for Spinning?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Do e‑way bill and e‑invoice apply for Acrylic or Modacrylic 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.

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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.