HSN Code 56075020: Of other synthetic fibres : Nylon tyre cord

HSN Code 56075020 represents Of other synthetic fibres : Nylon tyre cord under GST classification. This code helps businesses identify Of other synthetic fibres : Nylon tyre cord correctly for billing, taxation, and trade. With HSN Code 56075020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of other synthetic fibres : Nylon tyre cord.

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Description of Goods for HSN Code 56075020

HSN Code 56075020 relates to the following description.

Description of Goods

Of other synthetic fibres : Nylon tyre cord

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 56075020 not include?

Of other synthetic fibres : Nylon tyre cord 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 56075020 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

< ₹1 Crore

+266.67% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

−4.49% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹7 Cr

Trade Deficit

Surplus rank #8787 of 12657 HSN codes

% of Sub-Chapter 5607

FY 2024-25

0.01%

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

Import side: 1.30% of Sub-Chapter 5607’s imports

Rank Within Sub-Chapter 5607

FY 2024-25

#11 of 15

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

Import-side rank: #5 of 15

At a glance

32.86%

Export CAGR

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

#9705

National Export Rank

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

+300.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.01%

Contribution to Sub-Ch. 5607

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9774

Balance

−1.16

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 5607

Imports

1.18 ₹ Cr

0.0000% share

YoY

0.62% of Sub-Ch. 5607

FY 2019-20 Exp. Rank #9870

Balance

−1.63

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.00% of Sub-Ch. 5607

Imports

1.64 ₹ Cr

0.0000% share

+38.98% YoY

0.57% of Sub-Ch. 5607

FY 2020-21 Exp. Rank #9622

Balance

−1.29

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+300.00% YoY

0.00% of Sub-Ch. 5607

Imports

1.33 ₹ Cr

0.0000% share

−18.90% YoY

0.51% of Sub-Ch. 5607

FY 2021-22 Exp. Rank #9964

Balance

−1.16

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−25.00% YoY

0.00% of Sub-Ch. 5607

Imports

1.19 ₹ Cr

0.0000% share

−10.53% YoY

0.37% of Sub-Ch. 5607

FY 2022-23 Exp. Rank #9890

Balance

−6.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+66.67% YoY

0.00% of Sub-Ch. 5607

Imports

6.15 ₹ Cr

0.0001% share

+416.81% YoY

1.79% of Sub-Ch. 5607

FY 2023-24 Exp. Rank #10223

Balance

−7.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−40.00% YoY

0.00% of Sub-Ch. 5607

Imports

7.13 ₹ Cr

0.0001% share

+15.94% YoY

1.74% of Sub-Ch. 5607

FY 2024-25 Exp. Rank #9705

Balance

−6.70

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+266.67% YoY

0.01% of Sub-Ch. 5607

Imports

6.81 ₹ Cr

0.0001% share

−4.49% YoY

1.30% of Sub-Ch. 5607

CAGR · 7-Year

Exports

32.86% /yr

Imports

33.93% /yr

Consistently Deficit
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 56075020 and GST compliance.

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.

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.