5501 HSN Code: Wool: Synthetic Filament Tow

HSN Sub Chapter 5501 represents Wool: Synthetic Filament Tow under GST classification. This code helps businesses identify Wool: Synthetic Filament Tow correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5501, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wool: Synthetic Filament Tow.

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New GST Rate for HSN Code 5501

GST Rate for Wool: Synthetic Filament Tow under HSN Code 5501. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

55

HSN Code

5501

HSN Description

Wool, not carded or combed : synthetic filament tow

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 5501

Following tariff HSN codes fall under Wool: Synthetic Filament Tow.

Tariff HSN

55011000

Description

Synthetic filament tow - of nylon or other polyamides

Tariff HSN

55011100

Description

Of nylon or other polyamides: Of aramids

Tariff HSN

55011900

Description

Of nylon or other polyamides: Other

Tariff HSN

55012000

Description

Of polyesters

Tariff HSN

55013000

Description

Acrylic or modacrylic

Tariff HSN

55014000

Description

Of polypropylene

Tariff HSN

55019010

Description

Other : Of polypropylene

Tariff HSN

55019090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 5501 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

₹35 Cr

−14.25% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹182 Cr

−8.57% vs FY 2023-24

0.0030% of India’s total imports

Trade Balance

FY 2024-25

−₹147 Cr

Trade Deficit

Surplus rank #751 of 1233 subchapters

% of Chapter 55

FY 2024-25

0.26%

Share of Chapter 55’s total exports in FY 2024-25

Import side: 2.57% of Chapter 55’s imports

Rank Within Chapter 55

FY 2024-25

#13 of 16

Position by export value among subchapters in Chapter 55

Import-side rank: #9 of 16

At a glance

−20.56%

Export CAGR

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

#951

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+297.53%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.26%

Contribution to Ch. 55

Share of Chapter 55 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5501

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 #661

Balance

−166.37

Exports

139.60 ₹ Cr

0.0061% share

— YoY

1.05% of Ch. 55

Imports

305.97 ₹ Cr

0.0085% share

— YoY

4.70% of Ch. 55

FY 2019-20 Exp. Rank #749

Balance

−280.48

Exports

86.93 ₹ Cr

0.0039% share

−37.73% YoY

0.74% of Ch. 55

Imports

367.41 ₹ Cr

0.0110% share

+20.08% YoY

5.41% of Ch. 55

FY 2020-21 Exp. Rank #841

Balance

−223.99

Exports

48.20 ₹ Cr

0.0022% share

−44.55% YoY

0.50% of Ch. 55

Imports

272.19 ₹ Cr

0.0093% share

−25.92% YoY

4.40% of Ch. 55

FY 2021-22 Exp. Rank #988

Balance

−297.30

Exports

15.77 ₹ Cr

0.0005% share

−67.28% YoY

0.10% of Ch. 55

Imports

313.07 ₹ Cr

0.0068% share

+15.02% YoY

4.06% of Ch. 55

FY 2022-23 Exp. Rank #864

Balance

−120.37

Exports

62.69 ₹ Cr

0.0017% share

+297.53% YoY

0.44% of Ch. 55

Imports

183.06 ₹ Cr

0.0032% share

−41.53% YoY

1.86% of Ch. 55

FY 2023-24 Exp. Rank #928

Balance

−158.38

Exports

40.92 ₹ Cr

0.0011% share

−34.73% YoY

0.30% of Ch. 55

Imports

199.30 ₹ Cr

0.0035% share

+8.87% YoY

2.67% of Ch. 55

FY 2024-25 Exp. Rank #951

Balance

−147.14

Exports

35.09 ₹ Cr

0.0009% share

−14.25% YoY

0.26% of Ch. 55

Imports

182.23 ₹ Cr

0.0030% share

−8.57% YoY

2.57% of Ch. 55

CAGR · 7-Year

Exports

−20.56% /yr

Imports

−8.27% /yr

Consistently Deficit
Chapter 55 total

reference, FY 2024-25

Export

₹13,643.30 Cr

Import

₹7,102.61 Cr

Trade Balance

+6,540.69

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

Key Trade Insights: HSN Sub-Chapter 5501 Export-Import Analysis

Export Decline: −20.56% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5501 have declined at a compound annual rate of −20.56% over 7 fiscal years, falling from ₹139.60 Crore in FY 2018-19 to ₹35.09 Crore in FY 2024-25.

HSN Sub-Chapter 5501 Ranked #951 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5501 ranks #951 out of 1233 subchapters by total export value. Within Chapter 55, it ranks #13 of 16. By trade surplus, it ranks #751 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 5501 Exports

The strongest single-year export movement for HSN Sub-Chapter 5501 was recorded in FY 2022-23, when exports surged by 297.53% over the prior year.

India Records a Trade Deficit of ₹147.14 Crore in HSN Sub-Chapter 5501 Goods

In FY 2024-25, India's imports of ₹182.23 Cr exceeded exports of ₹35.09 Cr, resulting in a trade deficit of ₹147.14 Crore — ranking #751 of 1233 by surplus magnitude.

Import Growth of −8.27% CAGR Signals Stable Import Dependency for Wool: Synthetic Filament Tow

India's imports under HSN Sub-Chapter 5501 have grown at −8.27% CAGR, reaching ₹182.23 Crore in FY 2024-25.

HSN Sub-Chapter 5501 Contributes 0.26% of Chapter 55 Exports — Ranked #13

Among the 16 subchapters under Chapter 55, HSN Sub-Chapter 5501 ranks #13 by export value — accounting for 0.26% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.57% share (rank #9).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5501 and GST compliance.

What products are classified under HSN 5501

It includes Wool: Synthetic Filament Tow

Any import/export nuance for Wool: Synthetic Filament Tow?

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.

Any special steps when selling Wool: Synthetic Filament Tow through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

Can reverse charge ever apply to transactions involving Wool: Synthetic Filament Tow?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Wool: Synthetic Filament Tow are forward charge. Check the current notifications for any special cases before deciding.

What are the e‑way bill and e‑invoice points while moving Wool: Synthetic Filament Tow?

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.

Can I claim ITC on inputs and services used for Wool: Synthetic Filament Tow?

If your outward supply of Wool: Synthetic Filament Tow 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.

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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