Export Decline: −3.19% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5402 have declined at a compound annual rate of −3.19% over 7 fiscal years, falling from ₹8,634.04 Crore in FY 2018-19 to ₹7,107.52 Crore in FY 2024-25.
HSN Sub Chapter 5402 represents Synthetic Filament Yarn under GST classification. This code helps businesses identify Synthetic Filament Yarn correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5402, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Synthetic Filament Yarn.
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GST Rate for Synthetic Filament Yarn under HSN Code 5402. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Synthetic Filament Yarn.
Tariff HSN
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex high tenacity yarn of nylon or other polyamides : nylon tyre yarn
Tariff HSN
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex high tenacity yarn of nylon or other polyamides : other
Tariff HSN
Description
Of aramids
Tariff HSN
Description
High tenacity yarn of nylon or other polyamides : Of aramids of Synthetic or artificial filament yarns
Tariff HSN
Description
High tenacity yarn of nylon or other polyamides : Of aramids
Tariff HSN
Description
High tenacity yarn of nylon or other polyamides : Other: Nylon tyre yarn of Synthetic or artificial filament yarns
Tariff HSN
Description
High tenacity yarn of nylon or other polyamides : Other: Nylon tyre yarn
Tariff HSN
Description
High tenacity yarn of nylon or other polyamides, whether or not textured: Nylon 66 filament yarn conforming to IS of Synthetic or artificial filament yarns
Tariff HSN
Description
High tenacity yarn of nylon or other polyamides, whether or not textured: Nylon 66 filament yarn conforming to IS
Tariff HSN
Description
High tenacity yarn of nylon or other polyamides : Other: Other
Tariff HSN
Description
High tenacity yarn of polyesters : Of terylene dacron of Synthetic or artificial filament yarns
Tariff HSN
Description
High tenacity yarn of polyesters : Of terylene dacron
Tariff HSN
Description
High tenacity yarn of polyesters : Other
Tariff HSN
Description
Textured yarn : Of nylon or other polyamides, measuring per single yarn not more than 50 tex of Synthetic or artificial filament yarns
Tariff HSN
Description
Textured yarn : Of nylon or other polyamides, measuring per single yarn not more than 50 tex
Tariff HSN
Description
Textured yarn : Of nylon or other polyamides, measuring per single yarn more than 50 tex of Synthetic or artificial filament yarns
Tariff HSN
Description
Textured yarn : Of nylon or other polyamides, measuring per single yarn more than 50 tex
Tariff HSN
Description
Textured yarn : Of polyesters of Synthetic or artificial filament yarns
Tariff HSN
Description
Textured yarn : Of polyesters
Tariff HSN
Description
Textured yarn : Of polypropylene of Synthetic or artificial filament yarns
Tariff HSN
Description
Textured yarn : Of polypropylene
Tariff HSN
Description
Textured yarn : Other : Polypropylene filament yarn, synthetic or artificial
Tariff HSN
Description
Textured yarn : Other : Polypropylene filament yarn, other
Tariff HSN
Description
Textured yarn : Other : Acrylic filament yarn, synthetic or artificial
Tariff HSN
Description
Textured yarn : Other : Acrylic filament yarn, others
Tariff HSN
Description
Textured yarn : Other : Other
Tariff HSN
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : of nylon or other polyamides
Tariff HSN
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : of polyesters, partially oriented
Tariff HSN
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : of polyesters, other
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Elastomeric of Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Elastomeric
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of nylon or other polyamides of Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of nylon or other polyamides
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters, partially oriented, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters, partially oriented
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polyesters
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polypropylene, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other, of polypropylene
Tariff HSN
Description
Other yarn, single, untwisted or with a twist not exceeding 50 turns per metre : Other
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of nylon or other polyamides, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of nylon or other polyamides
Tariff HSN
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, with a twist exceeding 50 turns per metre : of polyesters
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters :Polyester yarn-Anti Static Filament, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters :Polyester yarn-Anti Static Filament
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters : Other , Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of polyesters :Other
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of polypropylene, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Of polypropylene
Tariff HSN
Description
Other
Tariff HSN
Description
Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex other yarn, single, with a twist exceeding 50 turns per metre : other : polypropylene filament yarn
Tariff HSN
Description
Other yarn, single, with a twist exceeding 50 turns per metre : Other : Other
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Of nylon or other polyamides, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Of nylon or other polyamides
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Of polyesters, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Of polyesters
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Of polypropylene, Synthetic or artificial filament yarns
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Of polypropylene
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Polyvinyl acetate filament yarn(Synthetic or artificial filament yarns)
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Polyvinyl acetate filament yarn
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Polyvinyl chloride filament yarn(Synthetic or artificial filament yarns)
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Polyvinyl chloride filament yarn
Tariff HSN
Description
Omitted
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Acrylic filament yarn(Synthetic or artificial filament yarns)
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Acrylic filament yarn
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Polytetrafluoroethylene yarn(Synthetic or artificial filament yarns)
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Polytetrafluoroethylene yarn
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Ultra high molecular weight polyethylene filament yarn conforming to ASTM F2848 (Synthetic or artificial filament yarns)
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Ultra high molecular weight polyethylene filament yarn conforming to ASTM F2848
Tariff HSN
Description
Other yarn, multiple (folded) or cabled : Other : Other
India’s Exports
FY 2024-25₹7,108 Cr
0.1919% of India’s total exports
India’s Imports
FY 2024-25₹5,858 Cr
0.0961% of India’s total imports
Trade Balance
FY 2024-25₹1,250 Cr
Surplus rank #168 of 1233 subchapters
% of Chapter 54
FY 2024-2547.48%
Share of Chapter 54’s total exports in FY 2024-25
Import side: 45.68% of Chapter 54’s imports
Rank Within Chapter 54
FY 2024-25#1 of 8
Position by export value among subchapters in Chapter 54
Import-side rank: #1 of 8
At a glance
−3.19%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#97
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+82.88%
Peak Growth Year
FY 2021-22 · strongest single-year move
47.48%
Contribution to Ch. 54
Share of Chapter 54 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+5,212.42
Exports
8,634.04 ₹ Cr
0.3762% share
— YoY
53.90% of Ch. 54
Imports
3,421.62 ₹ Cr
0.0953% share
— YoY
50.00% of Ch. 54
Balance
+4,461.82
Exports
7,846.28 ₹ Cr
0.3552% share
−9.12% YoY
46.26% of Ch. 54
Imports
3,384.46 ₹ Cr
0.1009% share
−1.09% YoY
46.04% of Ch. 54
Balance
+2,259.81
Exports
5,782.44 ₹ Cr
0.2688% share
−26.30% YoY
50.41% of Ch. 54
Imports
3,522.63 ₹ Cr
0.1209% share
+4.08% YoY
52.37% of Ch. 54
Balance
+4,450.50
Exports
10,575.17 ₹ Cr
0.3370% share
+82.88% YoY
58.52% of Ch. 54
Imports
6,124.67 ₹ Cr
0.1340% share
+73.87% YoY
54.96% of Ch. 54
Balance
−826.95
Exports
7,316.27 ₹ Cr
0.2021% share
−30.82% YoY
46.51% of Ch. 54
Imports
8,143.22 ₹ Cr
0.1416% share
+32.96% YoY
57.00% of Ch. 54
Balance
−647.25
Exports
6,677.42 ₹ Cr
0.1846% share
−8.73% YoY
45.81% of Ch. 54
Imports
7,324.67 ₹ Cr
0.1304% share
−10.05% YoY
53.42% of Ch. 54
Balance
+1,249.99
Exports
7,107.52 ₹ Cr
0.1919% share
+6.44% YoY
47.48% of Ch. 54
Imports
5,857.53 ₹ Cr
0.0961% share
−20.03% YoY
45.68% of Ch. 54
CAGR · 7-Year
Exports
−3.19% /yr
Imports
9.37% /yr
reference, FY 2024-25
Export
₹14,969.99 Cr
Import
₹12,823.04 Cr
Trade Balance
+2,146.95
India's exports under HSN Sub-Chapter 5402 have declined at a compound annual rate of −3.19% over 7 fiscal years, falling from ₹8,634.04 Crore in FY 2018-19 to ₹7,107.52 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5402 ranks #97 out of 1233 subchapters by total export value. Within Chapter 54, it ranks #1 of 8. By trade surplus, it ranks #168 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5402 was recorded in FY 2021-22, when exports surged by 82.88% over the prior year.
In FY 2024-25, India's exports of ₹7,107.52 Cr exceeded imports of ₹5,857.53 Cr, resulting in a trade surplus of ₹1,249.99 Crore — ranking #168 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5402 have grown at 9.37% CAGR, reaching ₹5,857.53 Crore in FY 2024-25.
Among the 8 subchapters under Chapter 54, HSN Sub-Chapter 5402 ranks #1 by export value — accounting for 47.48% of the chapter's total exports in FY 2024-25. On the import side, it holds 45.68% share (rank #1).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 5402 and GST compliance.
It includes Synthetic Filament Yarn
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
If your outward supply of Synthetic Filament Yarn is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.