HSN Code 55081000: Of synthetic staple fibres
HSN Code 55081000 represents Of synthetic staple fibres under GST classification. This code helps businesses identify Of synthetic staple fibres correctly for billing, taxation, and trade. With HSN Code 55081000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of synthetic staple fibres.
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Description of Goods for HSN Code 55081000
HSN Code 55081000 relates to the following description.
What does HSN Code 55081000 not include?
Of synthetic staple fibres does not include products with the following descriptions.
Of artificial staple fibres
Of artificial staple fibres
India’s Trade Performance — HSN Code 55081000 in FY 2024-25
India’s Exports
FY 2024-25₹51 Cr
0.0014% of India’s total exports
India’s Imports
FY 2024-25₹10 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25₹41 Cr
Surplus rank #2298 of 12657 HSN codes
% of Sub-Chapter 5508
FY 2024-2597.73%
Share of Sub-Chapter 5508’s total exports in FY 2024-25
Import side: 89.98% of Sub-Chapter 5508’s imports
Rank Within Sub-Chapter 5508
FY 2024-25#1 of 2
Position by export value among HSN codes in Sub-Chapter 5508
Import-side rank: #1 of 2
At a glance
−0.36%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3613
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+35.03%
Peak Growth Year
FY 2024-25 · strongest single-year move
97.73%
Contribution to Sub-Ch. 5508
Share of Sub-Chapter 5508 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 55081000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+39.25
Exports
51.88 ₹ Cr
0.0023% share
— YoY
99.01% of Sub-Ch. 5508
Imports
12.63 ₹ Cr
0.0004% share
— YoY
85.80% of Sub-Ch. 5508
Balance
+31.28
Exports
45.49 ₹ Cr
0.0021% share
−12.32% YoY
97.74% of Sub-Ch. 5508
Imports
14.21 ₹ Cr
0.0004% share
+12.51% YoY
92.57% of Sub-Ch. 5508
Balance
+41.36
Exports
51.26 ₹ Cr
0.0024% share
+12.68% YoY
98.79% of Sub-Ch. 5508
Imports
9.90 ₹ Cr
0.0003% share
−30.33% YoY
90.33% of Sub-Ch. 5508
Balance
+55.55
Exports
67.17 ₹ Cr
0.0021% share
+31.04% YoY
98.16% of Sub-Ch. 5508
Imports
11.62 ₹ Cr
0.0003% share
+17.37% YoY
91.21% of Sub-Ch. 5508
Balance
+34.97
Exports
47.36 ₹ Cr
0.0013% share
−29.49% YoY
98.24% of Sub-Ch. 5508
Imports
12.39 ₹ Cr
0.0002% share
+6.63% YoY
80.77% of Sub-Ch. 5508
Balance
+22.69
Exports
37.60 ₹ Cr
0.0010% share
−20.61% YoY
98.61% of Sub-Ch. 5508
Imports
14.91 ₹ Cr
0.0003% share
+20.34% YoY
90.36% of Sub-Ch. 5508
Balance
+41.16
Exports
50.77 ₹ Cr
0.0014% share
+35.03% YoY
97.73% of Sub-Ch. 5508
Imports
9.61 ₹ Cr
0.0002% share
−35.55% YoY
89.98% of Sub-Ch. 5508
CAGR · 7-Year
Exports
−0.36% /yr
Imports
−4.45% /yr
Key Trade Insights: HSN Code 55081000 Export-Import Analysis
Export Decline: −0.36% CAGR Over 7 Years
India's exports under HSN Code 55081000 have declined at a compound annual rate of −0.36% over 7 fiscal years, falling from ₹51.88 Crore in FY 2018-19 to ₹50.77 Crore in FY 2024-25.
HSN Code 55081000 Ranked #3613 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 55081000 ranks #3613 out of 12657 HSN codes by total export value. Within Sub-Chapter 5508, it ranks #1 of 2. By trade surplus, it ranks #2298 of 12657.
FY 2024-25 Was the Strongest Growth Year for HSN Code 55081000 Exports
The strongest single-year export movement for HSN Code 55081000 was recorded in FY 2024-25, when exports surged by 35.03% over the prior year.
India Maintains a Trade Surplus of ₹41.16 Crore in HSN Code 55081000 Goods
In FY 2024-25, India's exports of ₹50.77 Cr exceeded imports of ₹9.61 Cr, resulting in a trade surplus of ₹41.16 Crore — ranking #2298 of 12657 by surplus magnitude.
Import Growth of −4.45% CAGR Signals Stable Import Dependency for Of synthetic staple fibres
India's imports under HSN Code 55081000 have grown at −4.45% CAGR, reaching ₹9.61 Crore in FY 2024-25.
HSN Code 55081000 Contributes 97.73% of Sub-Chapter 5508 Exports — Ranked #1
Among the 2 HSN codes under Sub-Chapter 5508, HSN Code 55081000 ranks #1 by export value — accounting for 97.73% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 89.98% share (rank #1).
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Frequently Asked Questions
Clear answers to common queries about HSN Code 55081000 and GST compliance.
What products are classified under HSN 55081000 ?
It includes Single Yarn (≥85% Nylon/Polyamide Staple Fibres)
Can we claim ITC on inputs used to trade Of synthetic staple fibres?
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 Of synthetic staple fibres?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
How much GST applies to Of synthetic staple fibres?
Under HSN 55081000, Of synthetic staple fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Do e‑way bill and e‑invoice apply for Of synthetic staple fibres?
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.
Does packaging or labelling change the GST for Of synthetic staple fibres?
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.