--- title: "HSN Code for Man-Made Fiber Trimmings (Gimped Yarn) | HSN 56060020 GST Rate" description: "Find HSN and GST Rates for 56060020 related to Man-Made Fiber Trimmings (Gimped Yarn) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-56060020/" --- # HSN Code 56060020: Man-Made Fiber Trimmings (Gimped Yarn) - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 56: Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof](https://busy.in/hsn/chapter-56/) - [Sub-chapter 5606: Gimped yarn & chenille yarn](https://busy.in/hsn/sub-chapter-5606/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Gimped yarn, and strip and the like of heading 5404 or 5405, gimped (other than those of heading 5605 and gimped horsehair yarn); chenille yarn (including flock chenille yarn); loop wale-yarn : Trimmings, of man-made fibres | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 56060020 ? It includes Binder or Baler Twine of Sisal or Other Textile Fibres ### How much GST applies to Man-Made Fiber Trimmings (Gimped Yarn)? Under HSN 56060020, Man-Made Fiber Trimmings (Gimped Yarn) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Man-Made Fiber Trimmings (Gimped Yarn)? 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 Man-Made Fiber Trimmings (Gimped Yarn)? 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. ### How should mixed supplies be billed when Man-Made Fiber Trimmings (Gimped Yarn) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Man-Made Fiber Trimmings (Gimped Yarn); Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Man-Made Fiber Trimmings (Gimped Yarn)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Man-Made Fiber Trimmings (Gimped Yarn)? 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. ## India's trade performance: HSN Code 56060020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹32 Cr (−15.85% YoY) — 0.0009% of India's total exports - Imports: ₹9 Cr (+52.01% YoY) — 0.0001% of India's total imports - Trade balance: ₹23 Cr (Surplus); surplus rank #2720 of 12657 HSN codes - Share of Sub-Chapter 5606: 21.91% of its exports; import side 1.62% - Rank within Sub-Chapter 5606: #2 of 4 by export value; import-side #2 ### Key metrics - Export CAGR: 9.63% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4242 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +48.79% in FY 2021-22 - Contribution to Sub-Ch. 5606: 21.91% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 56060020 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. 5606 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5606 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 18.35 | 0.0008% | — | 37.73% | < ₹1 Crore | 0.0000% | — | 0.20% | +18.33 | #4211 | | FY 2019-20 | 13.85 | 0.0006% | −24.52% | 43.11% | < ₹1 Crore | 0.0000% | +3,400.00% | 5.03% | +13.15 | #4597 | | FY 2020-21 | 17.79 | 0.0008% | +28.45% | 44.29% | < ₹1 Crore | 0.0000% | −35.71% | 0.62% | +17.34 | #4350 | | FY 2021-22 | 26.47 | 0.0008% | +48.79% | 47.73% | 4.34 | 0.0001% | +864.44% | 2.48% | +22.13 | #4211 | | FY 2022-23 | 32.01 | 0.0009% | +20.93% | 36.28% | 6.56 | 0.0001% | +51.15% | 1.80% | +25.45 | #4081 | | FY 2023-24 | 37.85 | 0.0010% | +18.24% | 27.90% | 5.71 | 0.0001% | −12.96% | 1.33% | +32.14 | #3921 | | FY 2024-25 | 31.85 | 0.0009% | −15.85% | 21.91% | 8.68 | 0.0001% | +52.01% | 1.62% | +23.17 | #4242 | - CAGR (7-year): exports 9.63%/yr, imports 175.16%/yr (consistently Surplus) ## Key trade insights: HSN Code 56060020 export-import analysis ### Consistent export growth: 9.63% CAGR over 7 years India's exports under HSN Code 56060020 have grown at a compound annual rate of 9.63% over 7 fiscal years, rising from ₹18.35 Crore in FY 2018-19 to ₹31.85 Crore in FY 2024-25. ### HSN Code 56060020 ranked #4242 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 56060020 ranks #4242 out of 12657 HSN codes by total export value. Within Sub-Chapter 5606, it ranks #2 of 4. By trade surplus, it ranks #2720 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 56060020 exports The strongest single-year export movement for HSN Code 56060020 was recorded in FY 2021-22, when exports surged by 48.79% over the prior year. ### India maintains a trade surplus of ₹23.17 Crore in HSN Code 56060020 goods In FY 2024-25, India's exports of ₹31.85 Cr exceeded imports of ₹8.68 Cr, resulting in a trade surplus of ₹23.17 Crore — ranking #2720 of 12657 by surplus magnitude. ### Import growth of 175.16% CAGR signals rising demand for Man-Made Fiber Trimmings (Gimped Yarn) India's imports under HSN Code 56060020 have grown at 175.16% CAGR, reaching ₹8.68 Crore in FY 2024-25. ### HSN Code 56060020 contributes 21.91% of Sub-Chapter 5606 exports — ranked #2 Among the 4 HSN codes under Sub-Chapter 5606, HSN Code 56060020 ranks #2 by export value — accounting for 21.91% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.62% share (rank #2). ## Related HSN Codes in Sub-Chapter 5606 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 56060090: Other Gimped/Chenille/Loop Wale Yarn](https://busy.in/hsn/hsn-56060090/) | ₹111 Cr | | #2 | HSN Code 56060020: Man-Made Fiber Trimmings (Gimped Yarn) (this hsn code) | ₹32 Cr | | #3 | [HSN Code 56060010: Cotton trimmings](https://busy.in/hsn/hsn-56060010/) | ₹3 Cr | | #4 | [HSN Code 56060030: Zari Trimmings (Gimped Yarn)](https://busy.in/hsn/hsn-56060030/) | < ₹1 Crore |