5507 HSN Code: Retail silk yarn

HSN Sub Chapter 5507 represents Retail silk yarn under GST classification. This code helps businesses identify Retail silk yarn correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5507, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Retail silk yarn.

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New GST Rate for HSN Code 5507

GST Rate for Retail silk yarn under HSN Code 5507. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

55

HSN Code

5507

HSN Description

Artificial staple fibres, carded, combed or otherwise processed for spinning

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 5507

Following tariff HSN codes fall under Retail silk yarn.

Tariff HSN

55070010

Description

Artificial staple fibres, carded, combed or otherwise processed for spinning : Acetate rayon tops

Tariff HSN

55070020

Description

Artificial staple fibres, carded, combed or otherwise processed for spinning : Viscose tops

Tariff HSN

55070030

Description

Artificial staple fibres, carded, combed or otherwise processed for spinning : Polynosic tops

Tariff HSN

55070040

Description

Artificial staple fibres, carded,combed or otherwise processed for spinning : High wet modulus tops

Tariff HSN

55070090

Description

Artificial staple fibres, carded, combed or otherwise processed for spinning : Other

India’s Trade Performance — HSN Sub-Chapter 5507 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

< ₹1 Crore

+416.67% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹9 Cr

+0.58% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹8 Cr

Trade Deficit

Surplus rank #580 of 1233 subchapters

% of Chapter 55

FY 2024-25

0.00%

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

Import side: 0.12% of Chapter 55’s imports

Rank Within Chapter 55

FY 2024-25

#16 of 16

Position by export value among subchapters in Chapter 55

Import-side rank: #15 of 16

At a glance

2.97%

Export CAGR

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

#1151

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+700.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Ch. 55

Share of Chapter 55 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5507

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 #1153

Balance

−3.07

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 55

Imports

3.59 ₹ Cr

0.0001% share

— YoY

0.06% of Ch. 55

FY 2019-20 Exp. Rank #1187

Balance

−4.21

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−96.15% YoY

0.00% of Ch. 55

Imports

4.23 ₹ Cr

0.0001% share

+17.83% YoY

0.06% of Ch. 55

FY 2020-21 Exp. Rank #1167

Balance

−2.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+700.00% YoY

0.00% of Ch. 55

Imports

2.20 ₹ Cr

0.0001% share

−47.99% YoY

0.04% of Ch. 55

FY 2021-22 Exp. Rank #1140

Balance

−2.87

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+406.25% YoY

0.01% of Ch. 55

Imports

3.68 ₹ Cr

0.0001% share

+67.27% YoY

0.05% of Ch. 55

FY 2022-23 Exp. Rank #1162

Balance

−7.70

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−60.49% YoY

0.00% of Ch. 55

Imports

8.02 ₹ Cr

0.0001% share

+117.93% YoY

0.08% of Ch. 55

FY 2023-24 Exp. Rank #1186

Balance

−8.51

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−62.50% YoY

0.00% of Ch. 55

Imports

8.63 ₹ Cr

0.0002% share

+7.61% YoY

0.12% of Ch. 55

FY 2024-25 Exp. Rank #1151

Balance

−8.06

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+416.67% YoY

0.00% of Ch. 55

Imports

8.68 ₹ Cr

0.0001% share

+0.58% YoY

0.12% of Ch. 55

CAGR · 7-Year

Exports

2.97% /yr

Imports

15.85% /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 5507 Export-Import Analysis

Consistent Export Growth: 2.97% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5507 have grown at a compound annual rate of 2.97% over 7 fiscal years, rising from ₹0.52 Crore in FY 2018-19 to ₹0.62 Crore in FY 2024-25.

HSN Sub-Chapter 5507 Ranked #1151 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5507 ranks #1151 out of 1233 subchapters by total export value. Within Chapter 55, it ranks #16 of 16. By trade surplus, it ranks #580 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 5507 Exports

The strongest single-year export movement for HSN Sub-Chapter 5507 was recorded in FY 2020-21, when exports surged by 700.00% over the prior year.

India Records a Trade Deficit of ₹8.06 Crore in HSN Sub-Chapter 5507 Goods

In FY 2024-25, India's imports of ₹8.68 Cr exceeded exports of ₹0.62 Cr, resulting in a trade deficit of ₹8.06 Crore — ranking #580 of 1233 by surplus magnitude.

Import Growth of 15.85% CAGR Signals Rising Demand for Retail silk yarn

India's imports under HSN Sub-Chapter 5507 have grown at 15.85% CAGR, reaching ₹8.68 Crore in FY 2024-25.

HSN Sub-Chapter 5507 Contributes 0.00% of Chapter 55 Exports — Ranked #16

Among the 16 subchapters under Chapter 55, HSN Sub-Chapter 5507 ranks #16 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.12% share (rank #15).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5507 and GST compliance.

What products are classified under HSN 5507

It includes Retail silk yarn

Is the composition scheme suitable if I mainly trade Retail silk yarn?

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.

Does packaging or branding change how GST applies to Retail silk yarn?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Retail silk yarn 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.

Any special steps when selling Retail silk yarn 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 I claim ITC on inputs and services used for Retail silk yarn?

If your outward supply of Retail silk yarn 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.

What misclassification mistakes happen with Retail silk yarn?

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.

Does MRP, weight or pack size change GST treatment for Retail silk yarn?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

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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