5505 HSN Code: Herb seeds

HSN Sub Chapter 5505 represents Herb seeds under GST classification. This code helps businesses identify Herb seeds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5505, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Herb seeds.

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New GST Rate for HSN Code 5505

GST Rate for Herb seeds under HSN Code 5505. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

55

HSN Code

5505

HSN Description

Waste (including noils, yarn waste and garnetted stock) of man-made fibres

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 5505

Following tariff HSN codes fall under Herb seeds.

Tariff HSN

55051010

Description

Of synthetic fibers : Of acrylic

Tariff HSN

55051090

Description

Of synthetic fibers : Other

Tariff HSN

55052000

Description

Of artificial fibres

India’s Trade Performance — HSN Sub-Chapter 5505 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

₹69 Cr

+0.41% vs FY 2023-24

0.0019% of India’s total exports

India’s Imports

FY 2024-25

₹77 Cr

+3.39% vs FY 2023-24

0.0013% of India’s total imports

Trade Balance

FY 2024-25

−₹8 Cr

Trade Deficit

Surplus rank #582 of 1233 subchapters

% of Chapter 55

FY 2024-25

0.51%

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

Import side: 1.09% of Chapter 55’s imports

Rank Within Chapter 55

FY 2024-25

#11 of 16

Position by export value among subchapters in Chapter 55

Import-side rank: #10 of 16

At a glance

27.66%

Export CAGR

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

#868

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+235.81%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.51%

Contribution to Ch. 55

Share of Chapter 55 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5505

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 #970

Balance

−163.02

Exports

16.00 ₹ Cr

0.0007% share

— YoY

0.12% of Ch. 55

Imports

179.02 ₹ Cr

0.0050% share

— YoY

2.75% of Ch. 55

FY 2019-20 Exp. Rank #971

Balance

−46.25

Exports

15.40 ₹ Cr

0.0007% share

−3.75% YoY

0.13% of Ch. 55

Imports

61.65 ₹ Cr

0.0018% share

−65.56% YoY

0.91% of Ch. 55

FY 2020-21 Exp. Rank #1025

Balance

−28.06

Exports

6.69 ₹ Cr

0.0003% share

−56.56% YoY

0.07% of Ch. 55

Imports

34.75 ₹ Cr

0.0012% share

−43.63% YoY

0.56% of Ch. 55

FY 2021-22 Exp. Rank #967

Balance

−52.14

Exports

20.61 ₹ Cr

0.0007% share

+208.07% YoY

0.13% of Ch. 55

Imports

72.75 ₹ Cr

0.0016% share

+109.35% YoY

0.94% of Ch. 55

FY 2022-23 Exp. Rank #855

Balance

−39.89

Exports

69.21 ₹ Cr

0.0019% share

+235.81% YoY

0.48% of Ch. 55

Imports

109.10 ₹ Cr

0.0019% share

+49.97% YoY

1.11% of Ch. 55

FY 2023-24 Exp. Rank #860

Balance

−5.91

Exports

68.99 ₹ Cr

0.0019% share

−0.32% YoY

0.51% of Ch. 55

Imports

74.90 ₹ Cr

0.0013% share

−31.35% YoY

1.00% of Ch. 55

FY 2024-25 Exp. Rank #868

Balance

−8.17

Exports

69.27 ₹ Cr

0.0019% share

+0.41% YoY

0.51% of Ch. 55

Imports

77.44 ₹ Cr

0.0013% share

+3.39% YoY

1.09% of Ch. 55

CAGR · 7-Year

Exports

27.66% /yr

Imports

−13.04% /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 5505 Export-Import Analysis

Consistent Export Growth: 27.66% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5505 have grown at a compound annual rate of 27.66% over 7 fiscal years, rising from ₹16.00 Crore in FY 2018-19 to ₹69.27 Crore in FY 2024-25.

HSN Sub-Chapter 5505 Ranked #868 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5505 ranks #868 out of 1233 subchapters by total export value. Within Chapter 55, it ranks #11 of 16. By trade surplus, it ranks #582 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 5505 Exports

The strongest single-year export movement for HSN Sub-Chapter 5505 was recorded in FY 2022-23, when exports surged by 235.81% over the prior year.

India Records a Trade Deficit of ₹8.17 Crore in HSN Sub-Chapter 5505 Goods

In FY 2024-25, India's imports of ₹77.44 Cr exceeded exports of ₹69.27 Cr, resulting in a trade deficit of ₹8.17 Crore — ranking #582 of 1233 by surplus magnitude.

Import Growth of −13.04% CAGR Signals Stable Import Dependency for Herb seeds

India's imports under HSN Sub-Chapter 5505 have grown at −13.04% CAGR, reaching ₹77.44 Crore in FY 2024-25.

HSN Sub-Chapter 5505 Contributes 0.51% of Chapter 55 Exports — Ranked #11

Among the 16 subchapters under Chapter 55, HSN Sub-Chapter 5505 ranks #11 by export value — accounting for 0.51% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.09% share (rank #10).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5505 and GST compliance.

What products are classified under HSN 5505

It includes Herb seeds

What misclassification mistakes happen with Herb seeds?

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.

What are the e‑way bill and e‑invoice points while moving Herb seeds?

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.

Does packaging or branding change how GST applies to Herb seeds?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Herb seeds is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

Can reverse charge ever apply to transactions involving Herb seeds?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Herb seeds are forward charge. Check the current notifications for any special cases before deciding.

What should my invoice and records include for Herb seeds?

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.

Is the composition scheme suitable if I mainly trade Herb seeds?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

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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