Consistent Export Growth: 2.30% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5516 have grown at a compound annual rate of 2.30% over 7 fiscal years, rising from ₹471.22 Crore in FY 2018-19 to ₹539.96 Crore in FY 2024-25.
HSN Sub Chapter 5516 represents Artificial staple fibres under GST classification. This code helps businesses identify Artificial staple fibres correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5516, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Artificial staple fibres.
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GST Rate for Artificial staple fibres under HSN Code 5516. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Artificial staple fibres.
Tariff HSN
Description
Containing 85% or more by weight of artificial staple fibres : Unbleached or bleached : Unbleached
Tariff HSN
Description
Containing 85% or more by weight of artificial staple fibres : Unbleached or bleached : Bleached
Tariff HSN
Description
Containing 85% or more by weight of artificial staple fibres : Dyed
Tariff HSN
Description
Containing 85% or more by weight of artificial staple fibres : Of yarns of different colours
Tariff HSN
Description
Containing 85% or more by weight of artificial staple fibres : Printed : Spun rayon printed shantung
Tariff HSN
Description
Containing 85% or more by weight of artificial staple fibres : Spun rayon printed linen
Tariff HSN
Description
Containing 85% or more by weight of artificial staple fibres : Other
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with manmade filaments : Unbleached or bleached : Unbleached
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with manmade filaments : Unbleached or bleached : Bleached
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with manmade filaments : Dyed
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with manmade filaments : Of yarns of different colours
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with manmade filaments : Printed
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool or fine animal hair :Unbleached or bleached : Unbleached
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool or fine animal hair :Unbleached or bleached : Bleached
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool or fine animal hair :Dyed
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool or fine animal hair : Of yarns of different colours
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with wool or fine animal hair : Printed
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with cotton : Unbleached or bleached : Unbleached
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with cotton : Unbleached or bleached : Bleached
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with cotton : Dyed
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with cotton : Of yarns of different colours
Tariff HSN
Description
Containing less than 85% by weight of artificial staple fibres, mixed mainly or solely with cotton : Printed
Tariff HSN
Description
Other : Unbleached or bleached : unbleached
Tariff HSN
Description
Other : Unbleached or bleached : Bleached
Tariff HSN
Description
Other : Dyed
Tariff HSN
Description
Other : Of yarns of different colours
Tariff HSN
Description
Other : Printed
India’s Exports
FY 2024-25₹540 Cr
0.0146% of India’s total exports
India’s Imports
FY 2024-25₹201 Cr
0.0033% of India’s total imports
Trade Balance
FY 2024-25₹339 Cr
Surplus rank #288 of 1233 subchapters
% of Chapter 55
FY 2024-253.96%
Share of Chapter 55’s total exports in FY 2024-25
Import side: 2.83% of Chapter 55’s imports
Rank Within Chapter 55
FY 2024-25#6 of 16
Position by export value among subchapters in Chapter 55
Import-side rank: #8 of 16
At a glance
2.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#517
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+65.81%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.96%
Contribution to Ch. 55
Share of Chapter 55 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+98.96
Exports
471.22 ₹ Cr
0.0205% share
— YoY
3.54% of Ch. 55
Imports
372.26 ₹ Cr
0.0104% share
— YoY
5.72% of Ch. 55
Balance
−22.86
Exports
427.10 ₹ Cr
0.0193% share
−9.36% YoY
3.61% of Ch. 55
Imports
449.96 ₹ Cr
0.0134% share
+20.87% YoY
6.63% of Ch. 55
Balance
+75.94
Exports
393.17 ₹ Cr
0.0183% share
−7.94% YoY
4.11% of Ch. 55
Imports
317.23 ₹ Cr
0.0109% share
−29.50% YoY
5.13% of Ch. 55
Balance
+301.01
Exports
651.93 ₹ Cr
0.0208% share
+65.81% YoY
4.23% of Ch. 55
Imports
350.92 ₹ Cr
0.0077% share
+10.62% YoY
4.55% of Ch. 55
Balance
+429.50
Exports
604.72 ₹ Cr
0.0167% share
−7.24% YoY
4.23% of Ch. 55
Imports
175.22 ₹ Cr
0.0030% share
−50.07% YoY
1.78% of Ch. 55
Balance
+487.83
Exports
653.36 ₹ Cr
0.0181% share
+8.04% YoY
4.82% of Ch. 55
Imports
165.53 ₹ Cr
0.0029% share
−5.53% YoY
2.22% of Ch. 55
Balance
+338.63
Exports
539.96 ₹ Cr
0.0146% share
−17.36% YoY
3.96% of Ch. 55
Imports
201.33 ₹ Cr
0.0033% share
+21.63% YoY
2.83% of Ch. 55
CAGR · 7-Year
Exports
2.30% /yr
Imports
−9.74% /yr
reference, FY 2024-25
Export
₹13,643.30 Cr
Import
₹7,102.61 Cr
Trade Balance
+6,540.69
India's exports under HSN Sub-Chapter 5516 have grown at a compound annual rate of 2.30% over 7 fiscal years, rising from ₹471.22 Crore in FY 2018-19 to ₹539.96 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5516 ranks #517 out of 1233 subchapters by total export value. Within Chapter 55, it ranks #6 of 16. By trade surplus, it ranks #288 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5516 was recorded in FY 2021-22, when exports surged by 65.81% over the prior year.
In FY 2024-25, India's exports of ₹539.96 Cr exceeded imports of ₹201.33 Cr, resulting in a trade surplus of ₹338.63 Crore — ranking #288 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5516 have grown at −9.74% CAGR, reaching ₹201.33 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 55, HSN Sub-Chapter 5516 ranks #6 by export value — accounting for 3.96% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.83% share (rank #8).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 5516 and GST compliance.
It includes Artificial staple fibres
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.
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.
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.
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.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Use a delivery challan for sending Artificial staple fibres 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.