HSN Code 55070030: Polynosic Tops

HSN Code 55070030 represents Polynosic Tops under GST classification. This code helps businesses identify Polynosic Tops correctly for billing, taxation, and trade. With HSN Code 55070030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Polynosic Tops.

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Description of Goods for HSN Code 55070030

HSN Code 55070030 relates to the following description.

Description of Goods

Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops

Chapter

55 - Man-made staple fibres

Sub Chapter

5507 - Artificial staple fibres, carded, combed or otherwise processed for spinning

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 55070030 not include?

Polynosic Tops does not include products with the following descriptions.

HSN Code 55070010

Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops

HSN Code 55070020

Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops

HSN Code 55070040

Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops

HSN Code 55070090

Artificial staple fibres, carded, combed or otherwise processed for spinning : Other

India’s Trade Performance — HSN Code 55070030 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7669 of 12657 HSN codes

% of Sub-Chapter 5507

FY 2024-25

0.00%

Share of Sub-Chapter 5507’s total exports in FY 2024-25

Import side: 5.18% of Sub-Chapter 5507’s imports

India Export-Import Trade Statistics for HSN Code 55070030

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

FY 2022-23

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

FY 2023-24

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

FY 2024-25

Balance

−0.45

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 5507

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

5.18% of Sub-Ch. 5507

Sub-Chapter 5507 total

reference, FY 2024-25

Export

₹0.62 Cr

Import

₹8.68 Cr

Trade Balance

−8.06

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 55070030 Export-Import Analysis

Export Snapshot for HSN Code 55070030

India exported ₹0.00 Crore worth of Polynosic Tops in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

India Records a Trade Deficit of ₹0.45 Crore in HSN Code 55070030 Goods

In FY 2024-25, India's imports of ₹0.45 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.45 Crore — ranking #7669 of 12657 by surplus magnitude.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 55070030 and GST compliance.

What products are classified under HSN 55070030 ?

It includes Staple Fibres (Other)

Does packaging or labelling change the GST for Polynosic Tops?

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 Polynosic Tops?

Under HSN 55070030, Polynosic Tops attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Polynosic Tops?

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

Any common misclassification issue with Polynosic 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 Polynosic 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.

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.