---
title: "HSN Code for Of Polyester Staple Fibres |Other| Other | HSN 56074900 GST Rate"
description: "Find HSN and GST Rates for 56074900 related to Of Polyester Staple Fibres |Other| Other with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-56074900/"
---

# HSN Code 56074900: Of Polyester Staple Fibres |Other| Other

- [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 5607: Rubber-Coated Twine,Cables & Ropes](https://busy.in/hsn/sub-chapter-5607/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Of polyethylene or polypropylene : Other | 6% | 6% | 12% | 0% |

## Frequently asked questions

### What products are classified under HSN 56074900 ?

It includes Of other synthetic fibres : Viscose tyre cord

### Can we claim ITC on inputs used to trade Of Polyester Staple Fibres /Other/ Other?

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

### Do e‑way bill and e‑invoice apply for Of Polyester Staple Fibres /Other/ Other?

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 Of Polyester Staple Fibres /Other/ Other?

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

### Does packaging or labelling change the GST for Of Polyester Staple Fibres /Other/ Other?

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 Of Polyester Staple Fibres /Other/ Other?

Under HSN 56074900, Of Polyester Staple Fibres /Other/ Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 56074900 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹1,104 Cr (+19.27% YoY) — 0.0300% of India's total exports
- Imports: ₹32 Cr (+48.40% YoY) — 0.0005% of India's total imports
- Trade balance: ₹1,073 Cr (Surplus); surplus rank #333 of 12657 HSN codes
- Share of Sub-Chapter 5607: 77.04% of its exports; import side 6.03%
- Rank within Sub-Chapter 5607: #1 of 15 by export value; import-side #3

### Key metrics

- Export CAGR: 14.28% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #480 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +60.33% in FY 2021-22
- Contribution to Sub-Ch. 5607: 77.04% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 56074900

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. 5607 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5607 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 495.84 | 0.0217% | — | 64.19% | 2.74 | 0.0001% | — | 1.45% | +493.10 | #660 |
| FY 2019-20 | 547.92 | 0.0249% | +10.50% | 68.50% | 14.90 | 0.0004% | +443.80% | 5.15% | +533.02 | #592 |
| FY 2020-21 | 591.47 | 0.0275% | +7.95% | 71.40% | 26.63 | 0.0009% | +78.72% | 10.25% | +564.84 | #588 |
| FY 2021-22 | 948.32 | 0.0302% | +60.33% | 79.57% | 8.92 | 0.0002% | −66.50% | 2.78% | +939.40 | #484 |
| FY 2022-23 | 947.08 | 0.0262% | −0.13% | 79.15% | 22.36 | 0.0004% | +150.67% | 6.51% | +924.72 | #526 |
| FY 2023-24 | 925.97 | 0.0256% | −2.23% | 79.26% | 21.30 | 0.0004% | −4.74% | 5.21% | +904.67 | #548 |
| FY 2024-25 | 1,104.40 | 0.0300% | +19.27% | 77.04% | 31.61 | 0.0005% | +48.40% | 6.03% | +1,072.79 | #480 |

- CAGR (7-year): exports 14.28%/yr, imports 50.32%/yr (consistently Surplus)

## Key trade insights: HSN Code 56074900 export-import analysis

### Consistent export growth: 14.28% CAGR over 7 years

India's exports under HSN Code 56074900 have grown at a compound annual rate of 14.28% over 7 fiscal years, rising from ₹495.84 Crore in FY 2018-19 to ₹1,104.40 Crore in FY 2024-25.

### HSN Code 56074900 ranked #480 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 56074900 ranks #480 out of 12657 HSN codes by total export value. Within Sub-Chapter 5607, it ranks #1 of 15. By trade surplus, it ranks #333 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 56074900 exports

The strongest single-year export movement for HSN Code 56074900 was recorded in FY 2021-22, when exports surged by 60.33% over the prior year.

### India maintains a trade surplus of ₹1,072.79 Crore in HSN Code 56074900 goods

In FY 2024-25, India's exports of ₹1,104.40 Cr exceeded imports of ₹31.61 Cr, resulting in a trade surplus of ₹1,072.79 Crore — ranking #333 of 12657 by surplus magnitude.

### Import growth of 50.32% CAGR signals rising demand for Of Polyester Staple Fibres |Other| Other

India's imports under HSN Code 56074900 have grown at 50.32% CAGR, reaching ₹31.61 Crore in FY 2024-25.

### HSN Code 56074900 contributes 77.04% of Sub-Chapter 5607 exports — ranked #1

Among the 15 HSN codes under Sub-Chapter 5607, HSN Code 56074900 ranks #1 by export value — accounting for 77.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.03% share (rank #3).

## Related HSN Codes in Sub-Chapter 5607

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Code 56074900: Of Polyester Staple Fibres \|Other\| Other (this hsn code) | ₹1,104 Cr |
| #2 | [HSN Code 56075090: Of other synthetic fibres : Other](https://busy.in/hsn/hsn-56075090/) | ₹120 Cr |
| #3 | [HSN Code 56079090: Other : Other](https://busy.in/hsn/hsn-56079090/) | ₹89 Cr |
| #4 | [HSN Code 56075040: Of Other Synthetic Fibres & Nylon Rope](https://busy.in/hsn/hsn-56075040/) | ₹27 Cr |
| #5 | [HSN Code 56079010: Jute Twine/Coir Cordage/Ropes](https://busy.in/hsn/hsn-56079010/) | ₹27 Cr |
| #6 | [HSN Code 56075010: Of other synthetic fibres : Nylon fish net twine](https://busy.in/hsn/hsn-56075010/) | ₹22 Cr |
| #7 | [HSN Code 56079020: Cordage, cable, ropes, twine of cotton](https://busy.in/hsn/hsn-56079020/) | ₹22 Cr |
| #8 | [HSN Code 56072900: Sisal/textile fibers: Other](https://busy.in/hsn/hsn-56072900/) | ₹12 Cr |
| #9 | [HSN Code 56074100: Binder or baler twine](https://busy.in/hsn/hsn-56074100/) | ₹9 Cr |
| #10 | [HSN Code 56072100: Binder or Baler Twine of Sisal or Other Textile Fibres](https://busy.in/hsn/hsn-56072100/) | < ₹1 Crore |