HSN Code 55063000: Acrylic or modacrylic
HSN Code 55063000 represents Acrylic or modacrylic under GST classification. This code helps businesses identify Acrylic or modacrylic 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.
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Description of Goods for HSN Code 55063000
HSN Code 55063000 relates to the following description.
What does HSN Code 55063000 not include?
Acrylic or modacrylic does not include products with the following descriptions.
Of nylon or other polyamides
Of polyesters
Of Polypropylene
Other : Polypropylene tops
Other : Other
India’s Trade Performance — HSN Code 55063000 in FY 2024-25
India’s Exports
FY 2024-25₹14 Cr
0.0004% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹14 Cr
Surplus rank #3102 of 12657 HSN codes
% of Sub-Chapter 5506
FY 2024-2543.60%
Share of Sub-Chapter 5506’s total exports in FY 2024-25
Import side: 0.34% of Sub-Chapter 5506’s imports
Rank Within Sub-Chapter 5506
FY 2024-25#2 of 6
Position by export value among HSN codes in Sub-Chapter 5506
Import-side rank: #4 of 6
At a glance
19.23%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5383
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
43.60%
Contribution to Sub-Ch. 5506
Share of Sub-Chapter 5506 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 55063000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
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
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
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
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
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
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
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
CAGR · 7-Year
Exports
19.23% /yr
Imports
−47.36% /yr
Key Trade Insights: HSN Code 55063000 Export-Import Analysis
Consistent Export Growth: 19.23% CAGR Over 7 Years
India's exports under HSN Code 55063000 have grown at a compound annual rate of 19.23% over 7 fiscal years, rising from ₹4.78 Crore in FY 2018-19 to ₹13.73 Crore in FY 2024-25.
HSN Code 55063000 Ranked #5383 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 55063000 ranks #5383 out of 12657 HSN codes by total export value. Within Sub-Chapter 5506, it ranks #2 of 6. By trade surplus, it ranks #3102 of 12657.
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 ₹13.61 Crore in HSN Code 55063000 Goods
In FY 2024-25, India's exports of ₹13.73 Cr exceeded imports of ₹0.12 Cr, resulting in a trade surplus of ₹13.61 Crore — ranking #3102 of 12657 by surplus magnitude.
Import Growth of −47.36% CAGR Signals Stable Import Dependency for Acrylic or modacrylic
India's imports under HSN Code 55063000 have grown at −47.36% CAGR, reaching ₹0.12 Crore in FY 2024-25.
HSN Code 55063000 Contributes 43.60% of Sub-Chapter 5506 Exports — Ranked #2
Among the 6 HSN codes under Sub-Chapter 5506, HSN Code 55063000 ranks #2 by export value — accounting for 43.60% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.34% share (rank #4).
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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?
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 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; Nil for exempt items if applicable).
Does packaging or labelling change the GST for Acrylic or modacrylic?
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?
Under HSN 55063000, Acrylic or modacrylic 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?
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?
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.