--- title: "HSN Code for Of other synthetic fibres : Viscose tyre cord | HSN 56075030 GST Rate" description: "Find HSN and GST Rates for 56075030 related to Of other synthetic fibres : Viscose tyre cord with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-56075030/" --- # HSN Code 56075030: Of other synthetic fibres : Viscose 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 : Viscose tyre cord | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 56075030 ? It includes Jute Twine/Coir Cordage/Ropes ### How should mixed supplies be billed when Of other synthetic fibres : Viscose 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 : Viscose tyre cord; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Of other synthetic fibres : Viscose 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. ### Can we claim ITC on inputs used to trade Of other synthetic fibres : Viscose 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. ### Any common misclassification issue with Of other synthetic fibres : Viscose 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 : Viscose tyre cord? Under HSN 56075030, Of other synthetic fibres : Viscose tyre cord attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 56075030 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: ₹1 Cr (−7.84% YoY) — 0.0000% of India's total imports - Trade balance: −₹1 Cr (Deficit); surplus rank #8033 of 12657 HSN codes - Share of Sub-Chapter 5607: 0.00% of its exports; import side 0.27% ### Key metrics - Peak growth year: +250.00% in FY 2023-24 - Contribution to Sub-Ch. 5607: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 56075030 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 Crore | 0.0000% | — | 0.20% | −0.37 | #9921 | | FY 2019-20 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | +39.47% | 0.18% | −0.53 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.01% | < ₹1 Crore | 0.0000% | +9.43% | 0.22% | −0.52 | #9473 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −83.33% | 0.00% | < ₹1 Crore | 0.0000% | −81.03% | 0.03% | −0.10 | #10198 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +100.00% | 0.00% | < ₹1 Crore | 0.0000% | +281.82% | 0.12% | −0.40 | #10152 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +250.00% | 0.01% | 1.53 | 0.0000% | +264.29% | 0.37% | −1.46 | #9929 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | 1.41 | 0.0000% | −7.84% | 0.27% | −1.41 | — | - CAGR (7-year): exports —/yr, imports 24.42%/yr (consistently Deficit) ## Key trade insights: HSN Code 56075030 export-import analysis ### Export snapshot for HSN Code 56075030 India exported ₹0.00 Crore worth of Of other synthetic fibres : Viscose tyre cord in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2023-24 was the strongest growth year for HSN Code 56075030 exports The strongest single-year export movement for HSN Code 56075030 was recorded in FY 2023-24, when exports surged by 250.00% over the prior year. ### India records a trade deficit of ₹1.41 Crore in HSN Code 56075030 goods In FY 2024-25, India's imports of ₹1.41 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹1.41 Crore — ranking #8033 of 12657 by surplus magnitude. ### Import growth of 24.42% CAGR signals rising demand for Of other synthetic fibres : Viscose tyre cord India's imports under HSN Code 56075030 have grown at 24.42% CAGR, reaching ₹1.41 Crore in FY 2024-25. ## 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 | | — | HSN Code 56075030: Of other synthetic fibres : Viscose tyre cord (this hsn code) | Nil |