--- title: "5406 HSN Code | HSN Code for Natural gums & resins in India" description: "Know more about 5406 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 5406 covering Natural gums & resins." canonical: "https://busy.in/hsn/sub-chapter-5406/" --- # HSN Sub-chapter 5406: Natural gums & resins Man-made filament yarn (other than sewing thread), put up for retail sale Part of [Chapter 54: Man-made filaments; strip and the like of man-made textile materials](https://busy.in/hsn/chapter-54/). - Current GST rate: 18% - Earlier GST rate: 12% ## HSN codes | Code | Title | | --- | --- | | 54060010 | [Goods other than synthetic filament yarn](https://busy.in/hsn/hsn-54060010/) | | 54060020 | [Goods other than artificial filament yarn](https://busy.in/hsn/hsn-54060020/) | | 54061000 | [Artificial Filament Yarn Retail Sale](https://busy.in/hsn/hsn-54061000/) | | 54062000 | [Synthetic filament tow – of nylon or other polyamides](https://busy.in/hsn/hsn-54062000/) | ## Frequently asked questions ### What products are classified under HSN 5406 It includes Natural gums & resins ### Do spares or accessories of Natural gums & resins follow the same HSN? 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. ### Any import/export nuance for Natural gums & resins? 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. ### What should my invoice and records include for Natural gums & resins? Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail. ### How do I bill a kit or combo that includes Natural gums & resins? 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. ### If I repair and return Natural gums & resins, how should I charge GST? 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. ## India's trade performance: HSN Sub-Chapter 5406 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹6 Cr (+39.19% YoY) — 0.0002% of India's total exports - Imports: ₹2 Cr (−14.29% YoY) — 0.0000% of India's total imports - Trade balance: ₹4 Cr (Surplus); surplus rank #495 of 1233 sub-chapters - Share of Chapter 54: 0.04% of its exports; import side 0.02% - Rank within Chapter 54: #7 of 8 by export value; import-side #8 ### Key metrics - Export CAGR: 41.18% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1079 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +293.55% in FY 2020-21 - Contribution to Ch. 54: 0.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 5406 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 Ch. 54 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 54 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | 2.55 | 0.0001% | — | 0.04% | −1.81 | #1145 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −16.22% | 0.00% | 1.21 | 0.0000% | −52.55% | 0.02% | −0.59 | #1145 | | FY 2020-21 | 2.44 | 0.0001% | +293.55% | 0.02% | 2.43 | 0.0001% | +100.83% | 0.04% | +0.01 | #1088 | | FY 2021-22 | 4.66 | 0.0001% | +90.98% | 0.03% | 2.83 | 0.0001% | +16.46% | 0.03% | +1.83 | #1070 | | FY 2022-23 | 2.85 | 0.0001% | −38.84% | 0.02% | 3.66 | 0.0001% | +29.33% | 0.03% | −0.81 | #1099 | | FY 2023-24 | 4.21 | 0.0001% | +47.72% | 0.03% | 2.52 | 0.0000% | −31.15% | 0.02% | +1.69 | #1096 | | FY 2024-25 | 5.86 | 0.0002% | +39.19% | 0.04% | 2.16 | 0.0000% | −14.29% | 0.02% | +3.70 | #1079 | - CAGR (7-year): exports 41.18%/yr, imports -2.73%/yr (consistently Surplus) ## Key trade insights: HSN Sub-Chapter 5406 export-import analysis ### Consistent export growth: 41.18% CAGR over 7 years India's exports under HSN Sub-Chapter 5406 have grown at a compound annual rate of 41.18% over 7 fiscal years, rising from ₹0.74 Crore in FY 2018-19 to ₹5.86 Crore in FY 2024-25. ### HSN Sub-Chapter 5406 ranked #1079 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 5406 ranks #1079 out of 1233 sub-chapters by total export value. Within Chapter 54, it ranks #7 of 8. By trade surplus, it ranks #495 of 1233. ### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 5406 exports The strongest single-year export movement for HSN Sub-Chapter 5406 was recorded in FY 2020-21, when exports surged by 293.55% over the prior year. ### India maintains a trade surplus of ₹3.70 Crore in HSN Sub-Chapter 5406 goods In FY 2024-25, India's exports of ₹5.86 Cr exceeded imports of ₹2.16 Cr, resulting in a trade surplus of ₹3.70 Crore — ranking #495 of 1233 by surplus magnitude. ### Import growth of -2.73% CAGR signals stable import dependency for Natural gums & resins India's imports under HSN Sub-Chapter 5406 have grown at -2.73% CAGR, reaching ₹2.16 Crore in FY 2024-25. ### HSN Sub-Chapter 5406 contributes 0.04% of Chapter 54 exports — ranked #7 Among the 8 sub-chapters under Chapter 54, HSN Sub-Chapter 5406 ranks #7 by export value — accounting for 0.04% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #8). ## Related Sub-Chapters in Chapter 54 Ranked by export value (FY 2024-25). | Rank | HSN Sub-Chapter | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Sub-Chapter 5402: Synthetic Filament Yarn](https://busy.in/hsn/sub-chapter-5402/) | ₹7,108 Cr | | #2 | [HSN Sub-Chapter 5407: Woven synthetic fabrics](https://busy.in/hsn/sub-chapter-5407/) | ₹6,877 Cr | | #3 | [HSN Sub-Chapter 5403: Artificial Filament Yarn](https://busy.in/hsn/sub-chapter-5403/) | ₹443 Cr | | #4 | [HSN Sub-Chapter 5408: Woven artificial fabrics](https://busy.in/hsn/sub-chapter-5408/) | ₹296 Cr | | #5 | [HSN Sub-Chapter 5401: Military weapons](https://busy.in/hsn/sub-chapter-5401/) | ₹143 Cr | | #6 | [HSN Sub-Chapter 5404: Synthetic monofilament](https://busy.in/hsn/sub-chapter-5404/) | ₹96 Cr | | #7 | HSN Sub-Chapter 5406: Natural gums & resins (this hsn sub-chapter) | ₹6 Cr | | #8 | [HSN Sub-Chapter 5405: Artificial textile strips](https://busy.in/hsn/sub-chapter-5405/) | < ₹1 Crore | ## Other sub-chapters | Code | Title | | --- | --- | | 5401 | [Military weapons](https://busy.in/hsn/sub-chapter-5401/) | | 5402 | [Synthetic Filament Yarn](https://busy.in/hsn/sub-chapter-5402/) | | 5403 | [Artificial Filament Yarn](https://busy.in/hsn/sub-chapter-5403/) | | 5404 | [Synthetic monofilament](https://busy.in/hsn/sub-chapter-5404/) | | 5405 | [Artificial textile strips](https://busy.in/hsn/sub-chapter-5405/) | | 5407 | [Woven synthetic fabrics](https://busy.in/hsn/sub-chapter-5407/) | | 5408 | [Woven artificial fabrics](https://busy.in/hsn/sub-chapter-5408/) |