HSN Code 56074100: Binder or baler twine

HSN Code 56074100 represents Binder or baler twine under GST classification. This code helps businesses identify Binder or baler twine correctly for billing, taxation, and trade. With HSN Code 56074100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Binder or baler twine.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 56074100

HSN Code 56074100 relates to the following description.

Description of Goods

Of polyethylene or polypropylene : Binder or baler twine

Chapter

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

Sub Chapter

5607 - Twine, cordage, ropes and cables, whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber or plastics

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 56074100 not include?

Binder or baler twine does not include products with the following descriptions.

Twine, cordage, ropes and cables, whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber or plastics - of jute or other textile bast fibres of heading 5303 : cordage, cable, rope and twine of jute

Twine, cordage, ropes and cables, whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber or plastics - of jute or other textile bast fibres of heading 5303 : other

Of sisal or other textile fibres of the genus Agave : Binder or baler twine

Twine, cordage, ropes and cables, whether or not plaited or braided and whether or not impregnated, coated, covered or sheathed with rubber or plastics of abaca (manila hemp or musa textillis nee) or other hard (leaf) fibres

Other : Coir, cordage and ropes, other than of cotton (Jute twine, coir cordage or ropes)

India’s Trade Performance — HSN Code 56074100 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

₹9 Cr

+46.52% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−80.63% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹8 Cr

Trade Surplus

Surplus rank #3422 of 12657 HSN codes

% of Sub-Chapter 5607

FY 2024-25

0.62%

Share of Sub-Chapter 5607’s total exports in FY 2024-25

Import side: 0.07% of Sub-Chapter 5607’s imports

Rank Within Sub-Chapter 5607

FY 2024-25

#9 of 15

Position by export value among HSN codes in Sub-Chapter 5607

Import-side rank: #12 of 15

At a glance

28.02%

Export CAGR

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

#5935

National Export Rank

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

+71.23%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.62%

Contribution to Sub-Ch. 5607

Share of Sub-Chapter 5607 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 56074100

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 #6943

Balance

+2.01

Exports

2.01 ₹ Cr

0.0001% share

YoY

0.26% of Sub-Ch. 5607

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 5607

FY 2019-20 Exp. Rank #6861

Balance

+2.07

Exports

2.12 ₹ Cr

0.0001% share

+5.47% YoY

0.27% of Sub-Ch. 5607

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.02% of Sub-Ch. 5607

FY 2020-21 Exp. Rank #6323

Balance

+3.37

Exports

3.63 ₹ Cr

0.0002% share

+71.23% YoY

0.44% of Sub-Ch. 5607

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+420.00% YoY

0.10% of Sub-Ch. 5607

FY 2021-22 Exp. Rank #6939

Balance

+2.75

Exports

2.87 ₹ Cr

0.0001% share

−20.94% YoY

0.24% of Sub-Ch. 5607

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−53.85% YoY

0.04% of Sub-Ch. 5607

FY 2022-23 Exp. Rank #6656

Balance

+2.24

Exports

4.11 ₹ Cr

0.0001% share

+43.21% YoY

0.34% of Sub-Ch. 5607

Imports

1.87 ₹ Cr

0.0000% share

+1,458.33% YoY

0.54% of Sub-Ch. 5607

FY 2023-24 Exp. Rank #6349

Balance

+4.13

Exports

6.04 ₹ Cr

0.0002% share

+46.96% YoY

0.52% of Sub-Ch. 5607

Imports

1.91 ₹ Cr

0.0000% share

+2.14% YoY

0.47% of Sub-Ch. 5607

FY 2024-25 Exp. Rank #5935

Balance

+8.48

Exports

8.85 ₹ Cr

0.0002% share

+46.52% YoY

0.62% of Sub-Ch. 5607

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.63% YoY

0.07% of Sub-Ch. 5607

CAGR · 7-Year

Exports

28.02% /yr

Imports

Consistently Surplus
Sub-Chapter 5607 total

reference, FY 2024-25

Export

₹1,433.49 Cr

Import

₹524.63 Cr

Trade Balance

+908.86

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

Key Trade Insights: HSN Code 56074100 Export-Import Analysis

Consistent Export Growth: 28.02% CAGR Over 7 Years

India's exports under HSN Code 56074100 have grown at a compound annual rate of 28.02% over 7 fiscal years, rising from ₹2.01 Crore in FY 2018-19 to ₹8.85 Crore in FY 2024-25.

HSN Code 56074100 Ranked #5935 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 56074100 ranks #5935 out of 12657 HSN codes by total export value. Within Sub-Chapter 5607, it ranks #9 of 15. By trade surplus, it ranks #3422 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 56074100 Exports

The strongest single-year export movement for HSN Code 56074100 was recorded in FY 2020-21, when exports surged by 71.23% over the prior year.

India Maintains a Trade Surplus of ₹8.48 Crore in HSN Code 56074100 Goods

In FY 2024-25, India's exports of ₹8.85 Cr exceeded imports of ₹0.37 Cr, resulting in a trade surplus of ₹8.48 Crore — ranking #3422 of 12657 by surplus magnitude.

HSN Code 56074100 Contributes 0.62% of Sub-Chapter 5607 Exports — Ranked #9

Among the 15 HSN codes under Sub-Chapter 5607, HSN Code 56074100 ranks #9 by export value — accounting for 0.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.07% share (rank #12).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 56074100 and GST compliance.

What products are classified under HSN 56074100 ?

It includes Of other synthetic fibres : Nylon tyre cord

How much GST applies to Binder or baler twine?

Under HSN 56074100, Binder or baler twine attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Binder or baler twine?

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 should mixed supplies be billed when Binder or baler twine is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Binder or baler twine; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Binder or baler twine?

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.

Any common misclassification issue with Binder or baler twine?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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.