5502 HSN Code: Artificial filament tow

HSN Sub Chapter 5502 represents Artificial filament tow under GST classification. This code helps businesses identify Artificial filament tow correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5502, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Artificial filament tow.

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New GST Rate for HSN Code 5502

GST Rate for Artificial filament tow under HSN Code 5502. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

55

HSN Code

5502

HSN Description

Artificial filament tow

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 5502

Following tariff HSN codes fall under Artificial filament tow.

Tariff HSN

55020010

Description

Artificial filament tow - artificial filament tow : acetate rayon tow

Tariff HSN

55020020

Description

Artificial filament tow - artificial filament tow : viscose rayon tow

Tariff HSN

55020090

Description

Artificial filament tow - artificial filament tow : other

Tariff HSN

55021010

Description

Artificial filament tow : Of cellulose acetate: Viscose rayon tow

Tariff HSN

55021090

Description

Artificial filament tow : Of cellulose acetate: Other

Tariff HSN

55029010

Description

Artificial filament tow : Other: Viscose rayon tow

Tariff HSN

55029090

Description

Artificial filament tow : Other: Other

India’s Trade Performance — HSN Sub-Chapter 5502 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

₹10 Cr

+533.97% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹773 Cr

+2.12% vs FY 2023-24

0.0127% of India’s total imports

Trade Balance

FY 2024-25

−₹763 Cr

Trade Deficit

Surplus rank #925 of 1233 subchapters

% of Chapter 55

FY 2024-25

0.07%

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

Import side: 10.88% of Chapter 55’s imports

Rank Within Chapter 55

FY 2024-25

#15 of 16

Position by export value among subchapters in Chapter 55

Import-side rank: #4 of 16

At a glance

108.61%

Export CAGR

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

#1051

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+15,500.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.07%

Contribution to Ch. 55

Share of Chapter 55 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5502

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 #1182

Balance

−266.39

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 55

Imports

266.51 ₹ Cr

0.0074% share

— YoY

4.10% of Ch. 55

FY 2019-20

Balance

−276.39

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 55

Imports

276.39 ₹ Cr

0.0082% share

+3.71% YoY

4.07% of Ch. 55

FY 2020-21 Exp. Rank #1154

Balance

−268.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 55

Imports

268.33 ₹ Cr

0.0092% share

−2.92% YoY

4.34% of Ch. 55

FY 2021-22 Exp. Rank #1194

Balance

−273.08

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−93.10% YoY

0.00% of Ch. 55

Imports

273.10 ₹ Cr

0.0060% share

+1.78% YoY

3.54% of Ch. 55

FY 2022-23 Exp. Rank #1203

Balance

−509.15

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.00% of Ch. 55

Imports

509.16 ₹ Cr

0.0089% share

+86.44% YoY

5.18% of Ch. 55

FY 2023-24 Exp. Rank #1134

Balance

−755.50

Exports

1.56 ₹ Cr

0.0000% share

+15,500.00% YoY

0.01% of Ch. 55

Imports

757.06 ₹ Cr

0.0135% share

+48.69% YoY

10.15% of Ch. 55

FY 2024-25 Exp. Rank #1051

Balance

−763.21

Exports

9.89 ₹ Cr

0.0003% share

+533.97% YoY

0.07% of Ch. 55

Imports

773.10 ₹ Cr

0.0127% share

+2.12% YoY

10.88% of Ch. 55

CAGR · 7-Year

Exports

108.61% /yr

Imports

19.42% /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 5502 Export-Import Analysis

Consistent Export Growth: 108.61% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5502 have grown at a compound annual rate of 108.61% over 7 fiscal years, rising from ₹0.12 Crore in FY 2018-19 to ₹9.89 Crore in FY 2024-25.

HSN Sub-Chapter 5502 Ranked #1051 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5502 ranks #1051 out of 1233 subchapters by total export value. Within Chapter 55, it ranks #15 of 16. By trade surplus, it ranks #925 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 5502 Exports

The strongest single-year export movement for HSN Sub-Chapter 5502 was recorded in FY 2023-24, when exports surged by 15,500.00% over the prior year.

India Records a Trade Deficit of ₹763.21 Crore in HSN Sub-Chapter 5502 Goods

In FY 2024-25, India's imports of ₹773.10 Cr exceeded exports of ₹9.89 Cr, resulting in a trade deficit of ₹763.21 Crore — ranking #925 of 1233 by surplus magnitude.

Import Growth of 19.42% CAGR Signals Rising Demand for Artificial filament tow

India's imports under HSN Sub-Chapter 5502 have grown at 19.42% CAGR, reaching ₹773.10 Crore in FY 2024-25.

HSN Sub-Chapter 5502 Contributes 0.07% of Chapter 55 Exports — Ranked #15

Among the 16 subchapters under Chapter 55, HSN Sub-Chapter 5502 ranks #15 by export value — accounting for 0.07% of the chapter's total exports in FY 2024-25. On the import side, it holds 10.88% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5502 and GST compliance.

What products are classified under HSN 5502

It includes Artificial filament tow

If I repair and return Artificial filament tow, 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.

What misclassification mistakes happen with Artificial filament tow?

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.

How should I document Artificial filament tow sent for job work?

Use a delivery challan for sending Artificial filament tow 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.

Can I claim ITC on inputs and services used for Artificial filament tow?

If your outward supply of Artificial 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.

Any import/export nuance for Artificial 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.

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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