--- title: "HSN Code for Artificial fibers | HSN 60054300 GST Rate" description: "Find HSN and GST Rates for 60054300 related to Artificial fibers with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-60054300/" --- # HSN Code 60054300: Artificial fibers - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 60: Knitted/Crocheted Fabrics](https://busy.in/hsn/chapter-60/) - [Sub-chapter 6005: Warp knit fabrics](https://busy.in/hsn/sub-chapter-6005/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of artificial fibres : Of yarns of different colours | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 60054300 ? It includes Of Wool Or Fine Animal Hair ### How should mixed supplies be billed when Artificial fibers is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Artificial fibers; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Artificial fibers? 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 Artificial fibers? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Artificial fibers? Under HSN 60054300, Artificial fibers attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Artificial fibers? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 60054300 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil — 0.0000% of India's total exports - Imports: ₹4 Cr (+586.54% YoY) — 0.0001% of India's total imports - Trade balance: −₹4 Cr (Deficit); surplus rank #8440 of 12657 HSN codes - Share of Sub-Chapter 6005: 0.00% of its exports; import side 0.32% ### Key metrics - Peak growth year: +300.00% in FY 2022-23 - Contribution to Sub-Ch. 6005: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 60054300 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. 6005 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6005 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.02% | −0.13 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | +592.31% | 0.14% | −0.90 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.03% | < ₹1 Crore | 0.0000% | −7.78% | 0.17% | −0.80 | #9719 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −66.67% | 0.01% | 1.08 | 0.0000% | +30.12% | 0.14% | −1.07 | #10198 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +300.00% | 0.02% | < ₹1 Crore | 0.0000% | −22.22% | 0.10% | −0.80 | #9967 | | FY 2023-24 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | −38.10% | 0.06% | −0.52 | — | | FY 2024-25 | Nil | 0.0000% | — | 0.00% | 3.57 | 0.0001% | +586.54% | 0.32% | −3.57 | — | - CAGR (7-year): exports —/yr, imports 73.70%/yr (consistently Deficit) ## Key trade insights: HSN Code 60054300 export-import analysis ### Export snapshot for HSN Code 60054300 India exported ₹0.00 Crore worth of Artificial fibers in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2022-23 was the strongest growth year for HSN Code 60054300 exports The strongest single-year export movement for HSN Code 60054300 was recorded in FY 2022-23, when exports surged by 300.00% over the prior year. ### India records a trade deficit of ₹3.57 Crore in HSN Code 60054300 goods In FY 2024-25, India's imports of ₹3.57 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹3.57 Crore — ranking #8440 of 12657 by surplus magnitude. ### Import growth of 73.70% CAGR signals rising demand for Artificial fibers India's imports under HSN Code 60054300 have grown at 73.70% CAGR, reaching ₹3.57 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 6005 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 60059000: Warp Knit Fabrics](https://busy.in/hsn/hsn-60059000/) | ₹64 Cr | | #2 | [HSN Code 60053900: Of Synthetic Fibres \| Other, Printed](https://busy.in/hsn/hsn-60053900/) | ₹44 Cr | | #3 | [HSN Code 60053790: Of Refined Copper \| Other](https://busy.in/hsn/hsn-60053790/) | ₹40 Cr | | #4 | [HSN Code 60053800: Synthetic fibre yarns](https://busy.in/hsn/hsn-60053800/) | ₹19 Cr | | #5 | [HSN Code 60053710: Of synthetic fibres : Other, Dyed : Shade Nets, conforming to IS 16008](https://busy.in/hsn/hsn-60053710/) | ₹11 Cr | | #6 | [HSN Code 60054200: Of Artificial Fibres \| Dyed](https://busy.in/hsn/hsn-60054200/) | ₹6 Cr | | #7 | [HSN Code 60053600: Synthetic fibers](https://busy.in/hsn/hsn-60053600/) | ₹4 Cr | | #8 | [HSN Code 60052200: Warp knit fabrics: Of Cotton \| Dyed](https://busy.in/hsn/hsn-60052200/) | ₹4 Cr | | #9 | [HSN Code 60052100: Of Cotton \| Unbleached Or Bleached](https://busy.in/hsn/hsn-60052100/) | ₹2 Cr | | #10 | [HSN Code 60052400: Of Cotton \| Printed](https://busy.in/hsn/hsn-60052400/) | < ₹1 Crore | | — | HSN Code 60054300: Artificial fibers (this hsn code) | Nil |