Export Decline: −4.73% CAGR Over 7 Years
India's exports under HSN Chapter 41 have declined at a compound annual rate of −4.73% over 7 fiscal years, falling from ₹5,048.37 Crore in FY 2018-19 to ₹3,775.67 Crore in FY 2024-25.
41 HSN Code: Raw Hides and Skins (Other Than Furskins) and Leather
HSN Chapter 41 represents Raw Hides and Skins (Other Than Furskins) and Leather under GST classification. This code helps businesses identify Raw Hides and Skins (Other Than Furskins) and Leather correctly for billing, taxation, and trade purposes. With HSN Chapter 41, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Raw Hides and Skins (Other Than Furskins) and Leather.
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Sub-chapters under HSN Chapter 41
Following Sub Chapters fall under Raw Hides and Skins (Other Than Furskins) and Leather:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Raw hides and skins of bovine (including buffalo) or equine animals (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchmentdressed or further prepared), whether or not dehaired or split
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Raw skins of sheep or lambs (fresh, or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment dressed or further prepared), whether or not with wool on or split, other than those excluded by note 1 ( c ) to this chapter
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Other raw hides and skins (fresh, or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment dressed or further prepared), whether or not dehaired or split, other than those excluded by note 1(b) or 1(c) to this chapter
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Tanned or crust hides and skins of bovine (including buffalo) or equine animals, without hair on, whether or not split, but not further prepared
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Tanned or crust skins of sheep or lambs, without wool on, whether or not split, but not further prepared
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Tanned or crust hides and skins of other animals, without wool or hair on, whether or not split but not further prepared
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Leather further prepared after tanning or crusting, including parchment-dressed leather, of bovine (including buffalo) or equine animals, without hair on, whether or not split, other than leather of heading 4114
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Leather further prepared after tanning or crusting, including parchment-dressed leather, of sheep or lamb, without wool on, whether or not split, other than leather of heading 4114
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Leather further prepared after tanning or crusting, including parchment-dressed leather, of other animals, without wool or hair on, whether or not split, other than leather of heading 4114
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
12
%
Description
Chamois (including combination chamois) leather; patent leather and patent laminated leather ; metallised leather
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Composition leather with a basis of leather or leather fiber, in slabs, sheets or strip, whether or not in rolls; parings and other waste of leather or of composition leather, not suitable for the manufacture of leather articles; leather dust, powder and flour
India’s Trade Performance — HSN Chapter 41 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₹3,776 Cr
+1.64%
vs FY 2023-24
0.1020% of India’s total exports
India’s Imports
FY 2024-25₹3,603 Cr
+8.55%
vs FY 2023-24
0.0591% of India’s total imports
Trade Balance
FY 2024-25₹173 Cr
Trade Surplus
Surplus rank #46 of 97 chapters
At a glance
−4.73%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#70
National Export Rank
of 97 chapters by export value, FY 2024-25
+21.63%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.7×
Export Growth · 7Y
₹5,048.37 Cr → ₹3,775.67 Cr
India Export-Import Trade Statistics for HSN Chapter 41
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 #51
Balance
+982.79
Exports
5,048.37 ₹ Cr
0.2189% share
— YoY
Imports
4,065.58 ₹ Cr
0.1131% share
— YoY
FY 2019-20
Exp. Rank #57
Balance
−174.94
Exports
3,717.63 ₹ Cr
0.1676% share
−26.36% YoY
Imports
3,892.57 ₹ Cr
0.1158% share
−4.26% YoY
FY 2020-21
Exp. Rank #64
Balance
+422.90
Exports
2,801.42 ₹ Cr
0.1298% share
−24.65% YoY
Imports
2,378.52 ₹ Cr
0.0816% share
−38.90% YoY
FY 2021-22
Exp. Rank #67
Balance
+242.55
Exports
3,407.43 ₹ Cr
0.1083% share
+21.63% YoY
Imports
3,164.88 ₹ Cr
0.0692% share
+33.06% YoY
FY 2022-23
Exp. Rank #68
Balance
−400.91
Exports
3,468.37 ₹ Cr
0.0958% share
+1.79% YoY
Imports
3,869.28 ₹ Cr
0.0673% share
+22.26% YoY
FY 2023-24
Exp. Rank #69
Balance
+395.96
Exports
3,714.87 ₹ Cr
0.1027% share
+7.11% YoY
Imports
3,318.91 ₹ Cr
0.0591% share
−14.22% YoY
FY 2024-25
Exp. Rank #70
Balance
+172.89
Exports
3,775.67 ₹ Cr
0.1020% share
+1.64% YoY
Imports
3,602.78 ₹ Cr
0.0591% share
+8.55% YoY
CAGR · 7-Year
Exports
−4.73% /yr
Imports
−1.99% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 41 Export-Import Analysis
HSN Chapter 41 Ranked #70 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 41 ranks #70 out of 97 chapters by total export value. By trade surplus, it ranks #46 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 41 Exports
The strongest single-year export movement for HSN Chapter 41 was recorded in FY 2021-22, when exports surged by 21.63% over the prior year.
India Maintains a Trade Surplus of ₹172.89 Crore in HSN Chapter 41 Goods
In FY 2024-25, India's exports of ₹3,775.67 Cr exceeded imports of ₹3,602.78 Cr, resulting in a trade surplus of ₹172.89 Crore — ranking #46 of 97 by surplus magnitude.
Import Growth of −1.99% CAGR Signals Stable Import Dependency for Raw Hides and Skins (Other Than Furskins) and Leather
India's imports under HSN Chapter 41 have grown at −1.99% CAGR, reaching ₹3,602.78 Crore in FY 2024-25.
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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.