--- title: "HSN Code for Of other synthetic fibres : Nylon tyre cord | HSN 56075020 GST Rate" description: "Find HSN and GST Rates for 56075020 related to Of other synthetic fibres : Nylon tyre cord with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-56075020/" --- # HSN Code 56075020: Of other synthetic fibres : Nylon tyre cord - [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 other synthetic fibres : Nylon tyre cord | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 56075020 ? It includes Of other synthetic fibres : Other ### Do e‑way bill and e‑invoice apply for Of other synthetic fibres : Nylon tyre cord? 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 Of other synthetic fibres : Nylon tyre cord is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of other synthetic fibres : Nylon tyre cord; Nil for exempt items if applicable). ### Any common misclassification issue with Of other synthetic fibres : Nylon tyre cord? 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 other synthetic fibres : Nylon tyre cord? Under HSN 56075020, Of other synthetic fibres : Nylon tyre cord attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Of other synthetic fibres : Nylon tyre cord? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 56075020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+266.67% YoY) — 0.0000% of India's total exports - Imports: ₹7 Cr (−4.49% YoY) — 0.0001% of India's total imports - Trade balance: −₹7 Cr (Deficit); surplus rank #8787 of 12657 HSN codes - Share of Sub-Chapter 5607: 0.01% of its exports; import side 1.30% - Rank within Sub-Chapter 5607: #11 of 15 by export value; import-side #5 ### Key metrics - Export CAGR: 32.86% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9705 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +300.00% in FY 2020-21 - Contribution to Sub-Ch. 5607: 0.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 56075020 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 | < ₹1 Crore | 0.0000% | — | 0.00% | 1.18 | 0.0000% | — | 0.62% | −1.16 | #9774 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −50.00% | 0.00% | 1.64 | 0.0000% | +38.98% | 0.57% | −1.63 | #9870 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +300.00% | 0.00% | 1.33 | 0.0000% | −18.90% | 0.51% | −1.29 | #9622 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −25.00% | 0.00% | 1.19 | 0.0000% | −10.53% | 0.37% | −1.16 | #9964 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +66.67% | 0.00% | 6.15 | 0.0001% | +416.81% | 1.79% | −6.10 | #9890 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −40.00% | 0.00% | 7.13 | 0.0001% | +15.94% | 1.74% | −7.10 | #10223 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +266.67% | 0.01% | 6.81 | 0.0001% | −4.49% | 1.30% | −6.70 | #9705 | - CAGR (7-year): exports 32.86%/yr, imports 33.93%/yr (consistently Deficit) ## Key trade insights: HSN Code 56075020 export-import analysis ### Consistent export growth: 32.86% CAGR over 7 years India's exports under HSN Code 56075020 have grown at a compound annual rate of 32.86% over 7 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹0.11 Crore in FY 2024-25. ### HSN Code 56075020 ranked #9705 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 56075020 ranks #9705 out of 12657 HSN codes by total export value. Within Sub-Chapter 5607, it ranks #11 of 15. By trade surplus, it ranks #8787 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 56075020 exports The strongest single-year export movement for HSN Code 56075020 was recorded in FY 2020-21, when exports surged by 300.00% over the prior year. ### India records a trade deficit of ₹6.70 Crore in HSN Code 56075020 goods In FY 2024-25, India's imports of ₹6.81 Cr exceeded exports of ₹0.11 Cr, resulting in a trade deficit of ₹6.70 Crore — ranking #8787 of 12657 by surplus magnitude. ### Import growth of 33.93% CAGR signals rising demand for Of other synthetic fibres : Nylon tyre cord India's imports under HSN Code 56075020 have grown at 33.93% CAGR, reaching ₹6.81 Crore in FY 2024-25. ### HSN Code 56075020 contributes 0.01% of Sub-Chapter 5607 exports — ranked #11 Among the 15 HSN codes under Sub-Chapter 5607, HSN Code 56075020 ranks #11 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.30% share (rank #5). ## 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](https://busy.in/hsn/hsn-56074900/) | ₹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 | | #11 | HSN Code 56075020: Of other synthetic fibres : Nylon tyre cord (this hsn code) | < ₹1 Crore |