Consistent Export Growth: 8.10% CAGR Over 7 Years
India's exports under HSN Chapter 48 have grown at a compound annual rate of 8.10% over 7 fiscal years, rising from ₹13,915.18 Crore in FY 2018-19 to ₹22,205.04 Crore in FY 2024-25.
48 HSN Code: Paper and paperboard; articles of paper pulp of paper or of paperboard
HSN Chapter 48 represents Paper and paperboard; articles of paper pulp of paper or of paperboard under GST classification. This code helps businesses identify Paper and paperboard; articles of paper pulp of paper or of paperboard correctly for billing, taxation, and trade purposes. With HSN Chapter 48, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Paper and paperboard; articles of paper pulp of paper or of paperboard .
Live Demo Available Today
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Trusted by 6,00,000+ Users
4.6 Google Rating
Sub-chapters under HSN Chapter 48
Following Sub Chapters fall under Paper and paperboard; articles of paper pulp of paper or of paperboard :
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Newsprint, in rolls or sheets
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Uncoated paper and paperboard, of a kind used for writing, printing or other graphic for writing, printing or other graphic punch tape paper, in rolls or rectangular (including square) sheets of any size, other than paper of heading 4801 or 4803; handmade paper and paperboard
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Toilet or facial tissue stock, towel or napkin stock and similar paper of a kind used for household or sanitary purposes, cellulose wadding and webs of cellulose fibres, whether or not creped, crinkled, embossed, perforated, surface-coloured, surfacedecorated or printed, in rolls or sheets
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Uncoated kraft paper and paperboard, in rolls or sheets, other than that of heading 4802 or 4803
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Other uncoated paper and paperboard, in rolls or sheets, not further worked or processed than as specified in note 3 to this chapter
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Vegetable parchment, greaseproof papers, tracing papers and glassine and other glazed transparent or translucent papers, in rolls or sheets
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Composite paper and paperboard (made by sticking flat layers of paper or paperboard together with an adhesive), not surfacecoated or impregnated, whether or not internally reinforced, in rolls or sheets
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
12
%
Description
Paper and paperboard, corrugated (with or without glued flat surface sheets), creped, crinkled, embossed or perforated, in rolls or crinkled, embossed or perforated, in rolls or in heading 4803
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Carbon paper, self-copy paper and other copying or transfer papers (including coated or impregnated paper for duplicator stencils or offset plates), whether or not printed, in rolls or sheets
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Paper and paperboard, coated on one or both sides with kaolin (china clay) or other inorganic substances, with or without a binder, and with no other coating, whether or not surface – coloured, surface-decorated or printed, in rolls or rectangular (including square) sheets, of any size
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Paper , paperboard, cellulose wadding and webs of cellulose fibres, coated, impregnated, covered, surface-coloured, surfacedecorated or printed, in rolls or rectangular (including square) sheets , of any size other than goods of the kind described in heading 4803, 4809 or 4810
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Filter blocks, slabs and plates, of paper pulp
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Cigarette paper, whether or not cut to size or in the form of booklets or tubes
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Wallpaper and similar wall coverings; window transparencies of paper
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Carbon-paper, self-copy paper and other copying or transfer papers (other than those of heading 4809), duplicator stencils and offset plates, of paper, whether or not put up in boxes
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Envelopes, letter cards, plain postcards and correspondence cards, of paper or paperboard; boxes, pouches, wallets and writing compendiums, of paper or paperboard, containing an assortment of paper stationery
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
5
%
Description
Toilet paper and similar paper, cellulose wadding or webs of cellulose fibres, of a kind used for household or sanitary purposes, in rolls of a width not exceeding 36 cm, or cut to size or shape; handkerchiefs, cleansing tissues, towels, table cloths, serviettes, bed sheets and similar household, sanitary or hospital articles, articles of apparel and clothing accessories, of paper pulp, paper, cellulose wadding or webs of cellulose fibres
Sub Chapter
New GST Rate
18
%
Standard
Old GST Rate
18
%
Description
Cartons, boxes, cases, bags and other packing containers, of paper, paperboard, cellulose wadding or webs of cellulose fibres; box files, letter trays, and similar articles, of paper or paperboard of a kind used in offices, shops or the like
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Registers, account books, note books, order books, receipt books, letter pads,memorandum pads, diaries and similar articles, excise books, blotting-pads, binders (looseleaf or other), folders, file covers, manifold business forms, interleaved carbon sets and other articles of stationery, of paper or paperboard; albums for samples or for collections and book covers, of paper or paperboard
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Paper or paperboard labels of all kinds, whether or not printed
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Bobbins, spools, cops and similar supports of paper pulp, paper or paperboard (whether or not perforated or hardened)
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Other paper, paperboard, cellulose wadding and webs of cellulose fibers, cut to size or shape; other articles of paperpulp, paper, paperboard,cellulose wadding or webs of cellulose fibers
India’s Trade Performance — HSN Chapter 48 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₹22,205 Cr
+2.20%
vs FY 2023-24
0.5996% of India’s total exports
India’s Imports
FY 2024-25₹27,650 Cr
+10.66%
vs FY 2023-24
0.4534% of India’s total imports
Trade Balance
FY 2024-25−₹5,445 Cr
Trade Deficit
Surplus rank #71 of 97 chapters
At a glance
8.10%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#29
National Export Rank
of 97 chapters by export value, FY 2024-25
+65.03%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.6×
Export Growth · 7Y
₹13,915.18 Cr → ₹22,205.04 Cr
India Export-Import Trade Statistics for HSN Chapter 48
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 #31
Balance
−7,730.98
Exports
13,915.18 ₹ Cr
0.6033% share
— YoY
Imports
21,646.16 ₹ Cr
0.6022% share
— YoY
FY 2019-20
Exp. Rank #32
Balance
−5,410.02
Exports
13,821.65 ₹ Cr
0.6230% share
−0.67% YoY
Imports
19,231.67 ₹ Cr
0.5723% share
−11.15% YoY
FY 2020-21
Exp. Rank #31
Balance
+1,257.24
Exports
14,353.46 ₹ Cr
0.6650% share
+3.85% YoY
Imports
13,096.22 ₹ Cr
0.4491% share
−31.90% YoY
FY 2021-22
Exp. Rank #27
Balance
+6,804.25
Exports
23,688.18 ₹ Cr
0.7528% share
+65.03% YoY
Imports
16,883.93 ₹ Cr
0.3692% share
+28.92% YoY
FY 2022-23
Exp. Rank #27
Balance
−2,803.55
Exports
23,703.82 ₹ Cr
0.6547% share
+0.07% YoY
Imports
26,507.37 ₹ Cr
0.4610% share
+57.00% YoY
FY 2023-24
Exp. Rank #32
Balance
−3,259.10
Exports
21,727.79 ₹ Cr
0.6005% share
−8.34% YoY
Imports
24,986.89 ₹ Cr
0.4449% share
−5.74% YoY
FY 2024-25
Exp. Rank #29
Balance
−5,445.04
Exports
22,205.04 ₹ Cr
0.5996% share
+2.20% YoY
Imports
27,650.08 ₹ Cr
0.4534% share
+10.66% YoY
CAGR · 7-Year
Exports
8.10% /yr
Imports
4.16% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 48 Export-Import Analysis
HSN Chapter 48 Ranked #29 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 48 ranks #29 out of 97 chapters by total export value. By trade surplus, it ranks #71 of 97.
FY 2021-22 Was the Strongest Growth Year for HSN Chapter 48 Exports
The strongest single-year export movement for HSN Chapter 48 was recorded in FY 2021-22, when exports surged by 65.03% over the prior year.
India Records a Trade Deficit of ₹5,445.04 Crore in HSN Chapter 48 Goods
In FY 2024-25, India's imports of ₹27,650.08 Cr exceeded exports of ₹22,205.04 Cr, resulting in a trade deficit of ₹5,445.04 Crore — ranking #71 of 97 by surplus magnitude.
Import Growth of 4.16% CAGR Signals Stable Import Dependency for Paper and paperboard; articles of paper pulp of paper or of paperboard
India's imports under HSN Chapter 48 have grown at 4.16% CAGR, reaching ₹27,650.08 Crore in FY 2024-25.
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
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.