---
title: "HSN Code for Viscose Tops | HSN 55070020 GST Rate"
description: "Find HSN and GST Rates for 55070020 related to Viscose Tops with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-55070020/"
---

# HSN Code 55070020: Viscose Tops

- [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/)
- [Chapter 55: Man-made staple fibres](https://busy.in/hsn/chapter-55/)
- [Sub-chapter 5507: Retail silk yarn](https://busy.in/hsn/sub-chapter-5507/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops | 9% | 9% | 18% | 0% |

## Frequently asked questions

### 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.

## India's trade performance: HSN Code 55070020 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: < ₹1 Crore (+1,000.00% YoY) — 0.0000% of India's total exports
- Imports: ₹3 Cr (+13.67% YoY) — 0.0001% of India's total imports
- Trade balance: −₹3 Cr (Deficit); surplus rank #8346 of 12657 HSN codes
- Share of Sub-Chapter 5507: 88.71% of its exports; import side 39.29%
- Rank within Sub-Chapter 5507: #1 of 5 by export value; import-side #2

### Key metrics

- National export rank: #8747 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +1,000.00% in FY 2024-25
- Contribution to Sub-Ch. 5507: 88.71% of its exports (FY 2024-25)

## India export-import trade statistics: 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.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 5507 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5507 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | Nil | 0.0000% | — | 0.00% | 2.26 | 0.0001% | — | 62.95% | −2.26 | — |
| FY 2019-20 | < ₹1 Crore | 0.0000% | — | 50.00% | 2.93 | 0.0001% | +29.65% | 69.27% | −2.92 | #9870 |
| FY 2020-21 | Nil | 0.0000% | −100.00% | 0.00% | 1.60 | 0.0001% | −45.39% | 72.73% | −1.60 | — |
| FY 2021-22 | < ₹1 Crore | 0.0000% | — | 3.70% | < ₹1 Crore | 0.0000% | −53.75% | 20.11% | −0.71 | #9964 |
| FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | 2.67 | 0.0000% | +260.81% | 33.29% | −2.67 | — |
| FY 2023-24 | < ₹1 Crore | 0.0000% | — | 41.67% | 3.00 | 0.0001% | +12.36% | 34.76% | −2.95 | #10057 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | +1,000.00% | 88.71% | 3.41 | 0.0001% | +13.67% | 39.29% | −2.86 | #8747 |

- CAGR (7-year): exports —/yr, imports 7.10%/yr (consistently Deficit)

## 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).

## Related HSN Codes in Sub-Chapter 5507

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Code 55070020: Viscose Tops (this hsn code) | < ₹1 Crore |
| #2 | [HSN Code 55070090: Staple Fibres (Other)](https://busy.in/hsn/hsn-55070090/) | < ₹1 Crore |
| #3 | [HSN Code 55070010: Acetate Rayon Tops](https://busy.in/hsn/hsn-55070010/) | < ₹1 Crore |
| — | [HSN Code 55070030: Polynosic Tops](https://busy.in/hsn/hsn-55070030/) | Nil |
| — | [HSN Code 55070040: High Wet Modulus Tops](https://busy.in/hsn/hsn-55070040/) | Nil |