HSN Code 56060020: Man-Made Fiber Trimmings (Gimped Yarn)

HSN Code 56060020 represents Man-Made Fiber Trimmings (Gimped Yarn) under GST classification. This code helps businesses identify Man-Made Fiber Trimmings (Gimped Yarn) correctly for billing, taxation, and trade. With HSN Code 56060020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Man-Made Fiber Trimmings (Gimped Yarn).

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Description of Goods for HSN Code 56060020

HSN Code 56060020 relates to the following description.

Description of Goods

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

Chapter

56 - Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof

Sub Chapter

5606 - 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

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 56060020 not include?

Man-Made Fiber Trimmings (Gimped Yarn) does not include products with the following descriptions.

HSN Code 56060010

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 cotton

HSN Code 56060030

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 zari

HSN Code 56060090

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 : Other

India’s Trade Performance — HSN Code 56060020 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

₹32 Cr

−15.85% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹9 Cr

+52.01% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹23 Cr

Trade Surplus

Surplus rank #2720 of 12657 HSN codes

% of Sub-Chapter 5606

FY 2024-25

21.91%

Share of Sub-Chapter 5606’s total exports in FY 2024-25

Import side: 1.62% of Sub-Chapter 5606’s imports

Rank Within Sub-Chapter 5606

FY 2024-25

#2 of 4

Position by export value among HSN codes in Sub-Chapter 5606

Import-side rank: #2 of 4

At a glance

9.63%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4242

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+48.79%

Peak Growth Year

FY 2021-22 · strongest single-year move

21.91%

Contribution to Sub-Ch. 5606

Share of Sub-Chapter 5606 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #4211

Balance

+18.33

Exports

18.35 ₹ Cr

0.0008% share

— YoY

37.73% of Sub-Ch. 5606

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.20% of Sub-Ch. 5606

FY 2019-20 Exp. Rank #4597

Balance

+13.15

Exports

13.85 ₹ Cr

0.0006% share

−24.52% YoY

43.11% of Sub-Ch. 5606

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+3,400.00% YoY

5.03% of Sub-Ch. 5606

FY 2020-21 Exp. Rank #4350

Balance

+17.34

Exports

17.79 ₹ Cr

0.0008% share

+28.45% YoY

44.29% of Sub-Ch. 5606

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−35.71% YoY

0.62% of Sub-Ch. 5606

FY 2021-22 Exp. Rank #4211

Balance

+22.13

Exports

26.47 ₹ Cr

0.0008% share

+48.79% YoY

47.73% of Sub-Ch. 5606

Imports

4.34 ₹ Cr

0.0001% share

+864.44% YoY

2.48% of Sub-Ch. 5606

FY 2022-23 Exp. Rank #4081

Balance

+25.45

Exports

32.01 ₹ Cr

0.0009% share

+20.93% YoY

36.28% of Sub-Ch. 5606

Imports

6.56 ₹ Cr

0.0001% share

+51.15% YoY

1.80% of Sub-Ch. 5606

FY 2023-24 Exp. Rank #3921

Balance

+32.14

Exports

37.85 ₹ Cr

0.0010% share

+18.24% YoY

27.90% of Sub-Ch. 5606

Imports

5.71 ₹ Cr

0.0001% share

−12.96% YoY

1.33% of Sub-Ch. 5606

FY 2024-25 Exp. Rank #4242

Balance

+23.17

Exports

31.85 ₹ Cr

0.0009% share

−15.85% YoY

21.91% of Sub-Ch. 5606

Imports

8.68 ₹ Cr

0.0001% share

+52.01% YoY

1.62% of Sub-Ch. 5606

CAGR · 7-Year

Exports

9.63% /yr

Imports

175.16% /yr

Consistently Surplus
Sub-Chapter 5606 total

reference, FY 2024-25

Export

₹145.36 Cr

Import

₹535.95 Cr

Trade Balance

−390.59

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 56060020 and GST compliance.

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.

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.