5405 HSN Code: Artificial textile strips

HSN Sub Chapter 5405 represents Artificial textile strips under GST classification. This code helps businesses identify Artificial textile strips correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5405, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Artificial textile strips.

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New GST Rate for HSN Code 5405

GST Rate for Artificial textile strips under HSN Code 5405. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

54

HSN Code

5405

HSN Description

Artificial monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of artificial textile materials of an apparent width not exceeding 5 mm

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 5405

Following tariff HSN codes fall under Artificial textile strips.

Tariff HSN

54050000

Description

Artificial monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of artificial textile materials of an apparent width not exceeding 5 mm

Tariff HSN

54050000

Description

Artificial monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of artificial textile materials of an apparent width not exceeding 5 mm (All goods other than artificial filament yarns)

India’s Trade Performance — HSN Sub-Chapter 5405 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

−89.91% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹5 Cr

+17.63% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹5 Cr

Trade Deficit

Surplus rank #565 of 1233 subchapters

% of Chapter 54

FY 2024-25

0.00%

Share of Chapter 54’s total exports in FY 2024-25

Import side: 0.04% of Chapter 54’s imports

Rank Within Chapter 54

FY 2024-25

#8 of 8

Position by export value among subchapters in Chapter 54

Import-side rank: #7 of 8

At a glance

32.86%

Export CAGR

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

#1179

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+1,716.67%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.00%

Contribution to Ch. 54

Share of Chapter 54 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5405

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 #1197

Balance

−1.55

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 54

Imports

1.57 ₹ Cr

0.0000% share

— YoY

0.02% of Ch. 54

FY 2019-20 Exp. Rank #1183

Balance

−3.92

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.00% of Ch. 54

Imports

3.96 ₹ Cr

0.0001% share

+152.23% YoY

0.05% of Ch. 54

FY 2020-21 Exp. Rank #1160

Balance

−2.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+500.00% YoY

0.00% of Ch. 54

Imports

2.29 ₹ Cr

0.0001% share

−42.17% YoY

0.03% of Ch. 54

FY 2021-22 Exp. Rank #1191

Balance

−3.40

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−87.50% YoY

0.00% of Ch. 54

Imports

3.43 ₹ Cr

0.0001% share

+49.78% YoY

0.03% of Ch. 54

FY 2022-23 Exp. Rank #1185

Balance

−3.55

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.00% of Ch. 54

Imports

3.61 ₹ Cr

0.0001% share

+5.25% YoY

0.03% of Ch. 54

FY 2023-24 Exp. Rank #1147

Balance

−3.39

Exports

1.09 ₹ Cr

0.0000% share

+1,716.67% YoY

0.01% of Ch. 54

Imports

4.48 ₹ Cr

0.0001% share

+24.10% YoY

0.03% of Ch. 54

FY 2024-25 Exp. Rank #1179

Balance

−5.16

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−89.91% YoY

0.00% of Ch. 54

Imports

5.27 ₹ Cr

0.0001% share

+17.63% YoY

0.04% of Ch. 54

CAGR · 7-Year

Exports

32.86% /yr

Imports

22.36% /yr

Consistently Deficit
Chapter 54 total

reference, FY 2024-25

Export

₹14,969.99 Cr

Import

₹12,823.04 Cr

Trade Balance

+2,146.95

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 5405 Export-Import Analysis

Consistent Export Growth: 32.86% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5405 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 Sub-Chapter 5405 Ranked #1179 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5405 ranks #1179 out of 1233 subchapters by total export value. Within Chapter 54, it ranks #8 of 8. By trade surplus, it ranks #565 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 5405 Exports

The strongest single-year export movement for HSN Sub-Chapter 5405 was recorded in FY 2023-24, when exports surged by 1,716.67% over the prior year.

India Records a Trade Deficit of ₹5.16 Crore in HSN Sub-Chapter 5405 Goods

In FY 2024-25, India's imports of ₹5.27 Cr exceeded exports of ₹0.11 Cr, resulting in a trade deficit of ₹5.16 Crore — ranking #565 of 1233 by surplus magnitude.

Import Growth of 22.36% CAGR Signals Rising Demand for Artificial textile strips

India's imports under HSN Sub-Chapter 5405 have grown at 22.36% CAGR, reaching ₹5.27 Crore in FY 2024-25.

HSN Sub-Chapter 5405 Contributes 0.00% of Chapter 54 Exports — Ranked #8

Among the 8 subchapters under Chapter 54, HSN Sub-Chapter 5405 ranks #8 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5405 and GST compliance.

What products are classified under HSN 5405

It includes Artificial textile strips

How should I document Artificial textile strips sent for job work?

Use a delivery challan for sending Artificial textile strips to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

What are the e‑way bill and e‑invoice points while moving Artificial textile strips?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

How do I bill a kit or combo that includes Artificial textile strips?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

How are warranty replacements of Artificial textile strips handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

Does MRP, weight or pack size change GST treatment for Artificial textile strips?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

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.

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