5406 HSN Code: Natural gums & resins

HSN Sub Chapter 5406 represents Natural gums & resins under GST classification. This code helps businesses identify Natural gums & resins correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5406, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural gums & resins.

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New GST Rate for HSN Code 5406

GST Rate for Natural gums & resins under HSN Code 5406. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

54

HSN Code

5406

HSN Description

Man-made filament yarn (other than sewing thread), put up for retail sale

New GST Rate

18 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 5406

Following tariff HSN codes fall under Natural gums & resins.

Tariff HSN

54060010

Description

Synthetic filament yarn

Tariff HSN

54060010

Description

All goods other than Synthetic filament yarn

Tariff HSN

54060020

Description

Artificial filament yarn

Tariff HSN

54060020

Description

All goods other than Artificial filament yarn

Tariff HSN

54061000

Description

Man-made filament yarn (other than sewing thread), put up for retail sale synthetic filament yarn

Tariff HSN

54062000

Description

Man-made filament yarn (other than sewing thread), put up for retail sale artificial filament yarn

India’s Trade Performance — HSN Sub-Chapter 5406 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

₹6 Cr

+39.19% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

−14.29% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹4 Cr

Trade Surplus

Surplus rank #495 of 1233 subchapters

% of Chapter 54

FY 2024-25

0.04%

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

Import side: 0.02% of Chapter 54’s imports

Rank Within Chapter 54

FY 2024-25

#7 of 8

Position by export value among subchapters in Chapter 54

Import-side rank: #8 of 8

At a glance

41.18%

Export CAGR

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

#1079

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+293.55%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.04%

Contribution to Ch. 54

Share of Chapter 54 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1145

Balance

−1.81

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 54

Imports

2.55 ₹ Cr

0.0001% share

— YoY

0.04% of Ch. 54

FY 2019-20 Exp. Rank #1145

Balance

−0.59

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−16.22% YoY

0.00% of Ch. 54

Imports

1.21 ₹ Cr

0.0000% share

−52.55% YoY

0.02% of Ch. 54

FY 2020-21 Exp. Rank #1088

Balance

+0.01

Exports

2.44 ₹ Cr

0.0001% share

+293.55% YoY

0.02% of Ch. 54

Imports

2.43 ₹ Cr

0.0001% share

+100.83% YoY

0.04% of Ch. 54

FY 2021-22 Exp. Rank #1070

Balance

+1.83

Exports

4.66 ₹ Cr

0.0001% share

+90.98% YoY

0.03% of Ch. 54

Imports

2.83 ₹ Cr

0.0001% share

+16.46% YoY

0.03% of Ch. 54

FY 2022-23 Exp. Rank #1099

Balance

−0.81

Exports

2.85 ₹ Cr

0.0001% share

−38.84% YoY

0.02% of Ch. 54

Imports

3.66 ₹ Cr

0.0001% share

+29.33% YoY

0.03% of Ch. 54

FY 2023-24 Exp. Rank #1096

Balance

+1.69

Exports

4.21 ₹ Cr

0.0001% share

+47.72% YoY

0.03% of Ch. 54

Imports

2.52 ₹ Cr

0.0000% share

−31.15% YoY

0.02% of Ch. 54

FY 2024-25 Exp. Rank #1079

Balance

+3.70

Exports

5.86 ₹ Cr

0.0002% share

+39.19% YoY

0.04% of Ch. 54

Imports

2.16 ₹ Cr

0.0000% share

−14.29% YoY

0.02% of Ch. 54

CAGR · 7-Year

Exports

41.18% /yr

Imports

−2.73% /yr

Consistently Surplus
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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5406 ranks #1079 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5406 and GST compliance.

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.

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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