HSN Code 55070020: Viscose Tops
HSN Code 55070020 represents Viscose Tops under GST classification. This code helps businesses identify Viscose Tops correctly for billing, taxation, and trade. With HSN Code 55070020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Viscose Tops.
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Description of Goods for HSN Code 55070020
HSN Code 55070020 relates to the following description.
What does HSN Code 55070020 not include?
Viscose Tops does not include products with the following descriptions.
Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops
Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Other
Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops
Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops
Artificial staple fibres, carded, combed or otherwise processed for spinning : Other
India’s Trade Performance — HSN Code 55070020 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹3 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25−₹3 Cr
Surplus rank #8346 of 12657 HSN codes
% of Sub-Chapter 5507
FY 2024-2588.71%
Share of Sub-Chapter 5507’s total exports in FY 2024-25
Import side: 39.29% of Sub-Chapter 5507’s imports
Rank Within Sub-Chapter 5507
FY 2024-25#1 of 5
Position by export value among HSN codes in Sub-Chapter 5507
Import-side rank: #2 of 5
At a glance
#8747
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,000.00%
Peak Growth Year
FY 2024-25 · strongest single-year move
88.71%
Contribution to Sub-Ch. 5507
Share of Sub-Chapter 5507 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 55070020
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−2.26
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 5507
Imports
2.26 ₹ Cr
0.0001% share
— YoY
62.95% of Sub-Ch. 5507
Balance
−2.92
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
50.00% of Sub-Ch. 5507
Imports
2.93 ₹ Cr
0.0001% share
+29.65% YoY
69.27% of Sub-Ch. 5507
Balance
−1.60
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5507
Imports
1.60 ₹ Cr
0.0001% share
−45.39% YoY
72.73% of Sub-Ch. 5507
Balance
−0.71
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
3.70% of Sub-Ch. 5507
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−53.75% YoY
20.11% of Sub-Ch. 5507
Balance
−2.67
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 5507
Imports
2.67 ₹ Cr
0.0000% share
+260.81% YoY
33.29% of Sub-Ch. 5507
Balance
−2.95
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
41.67% of Sub-Ch. 5507
Imports
3.00 ₹ Cr
0.0001% share
+12.36% YoY
34.76% of Sub-Ch. 5507
Balance
−2.86
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+1,000.00% YoY
88.71% of Sub-Ch. 5507
Imports
3.41 ₹ Cr
0.0001% share
+13.67% YoY
39.29% of Sub-Ch. 5507
CAGR · 7-Year
Exports
—
Imports
7.10% /yr
Key Trade Insights: HSN Code 55070020 Export-Import Analysis
Export Snapshot for HSN Code 55070020
India exported ₹0.55 Crore worth of Viscose Tops in FY 2024-25. Multi-year trend data is being compiled for this hsn code.
HSN Code 55070020 Ranked #8747 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 55070020 ranks #8747 out of 12657 HSN codes by total export value. Within Sub-Chapter 5507, it ranks #1 of 5. By trade surplus, it ranks #8346 of 12657.
FY 2024-25 Was the Strongest Growth Year for HSN Code 55070020 Exports
The strongest single-year export movement for HSN Code 55070020 was recorded in FY 2024-25, when exports surged by 1,000.00% over the prior year.
India Records a Trade Deficit of ₹2.86 Crore in HSN Code 55070020 Goods
In FY 2024-25, India's imports of ₹3.41 Cr exceeded exports of ₹0.55 Cr, resulting in a trade deficit of ₹2.86 Crore — ranking #8346 of 12657 by surplus magnitude.
Import Growth of 7.10% CAGR Signals Stable Import Dependency for Viscose Tops
India's imports under HSN Code 55070020 have grown at 7.10% CAGR, reaching ₹3.41 Crore in FY 2024-25.
HSN Code 55070020 Contributes 88.71% of Sub-Chapter 5507 Exports — Ranked #1
Among the 5 HSN codes under Sub-Chapter 5507, HSN Code 55070020 ranks #1 by export value — accounting for 88.71% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 39.29% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 55070020 and GST compliance.
What products are classified under HSN 55070020 ?
It includes High Wet Modulus Tops
How should mixed supplies be billed when Viscose Tops is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Viscose Tops; Nil for exempt items if applicable).
How much GST applies to Viscose Tops?
Under HSN 55070020, Viscose Tops attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Viscose Tops?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Do e‑way bill and e‑invoice apply for Viscose Tops?
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 Viscose Tops?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.