HSN Code 42033000: Belts and Bandoliers

HSN Code 42033000 represents Belts and Bandoliers under GST classification. This code helps businesses identify Belts and Bandoliers correctly for billing, taxation, and trade. With HSN Code 42033000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Belts and Bandoliers.

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Description of Goods for HSN Code 42033000

HSN Code 42033000 relates to the following description.

Description of Goods

Belts and bandoliers

Chapter

42 - Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut)

Sub Chapter

4203 - Articles of apparel and clothing accessories, of leather or of composition leather

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 42033000 not include?

Belts and Bandoliers does not include products with the following descriptions.

Gloves, mittens and mitts: Specially designed for use in sports: Mittens and mitts

India’s Trade Performance — HSN Code 42033000 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

₹1,343 Cr

+16.21% vs FY 2023-24

0.0365% of India’s total exports

India’s Imports

FY 2024-25

₹68 Cr

−8.71% vs FY 2023-24

0.0011% of India’s total imports

Trade Balance

FY 2024-25

₹1,275 Cr

Trade Surplus

Surplus rank #293 of 12657 HSN codes

% of Sub-Chapter 4203

FY 2024-25

21.14%

Share of Sub-Chapter 4203’s total exports in FY 2024-25

Import side: 46.18% of Sub-Chapter 4203’s imports

Rank Within Sub-Chapter 4203

FY 2024-25

#3 of 11

Position by export value among HSN codes in Sub-Chapter 4203

Import-side rank: #1 of 11

At a glance

10.02%

Export CAGR

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

#401

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+69.75%

Peak Growth Year

FY 2021-22 · strongest single-year move

21.14%

Contribution to Sub-Ch. 4203

Share of Sub-Chapter 4203 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 42033000

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 #436

Balance

+706.18

Exports

757.19 ₹ Cr

0.0331% share

YoY

13.31% of Sub-Ch. 4203

Imports

51.01 ₹ Cr

0.0014% share

YoY

27.28% of Sub-Ch. 4203

FY 2019-20 Exp. Rank #369

Balance

+829.18

Exports

888.17 ₹ Cr

0.0403% share

+17.30% YoY

16.05% of Sub-Ch. 4203

Imports

58.99 ₹ Cr

0.0018% share

+15.64% YoY

32.63% of Sub-Ch. 4203

FY 2020-21 Exp. Rank #586

Balance

+556.49

Exports

594.15 ₹ Cr

0.0276% share

−33.10% YoY

13.77% of Sub-Ch. 4203

Imports

37.66 ₹ Cr

0.0013% share

−36.16% YoY

32.05% of Sub-Ch. 4203

FY 2021-22 Exp. Rank #461

Balance

+943.19

Exports

1,008.56 ₹ Cr

0.0321% share

+69.75% YoY

19.09% of Sub-Ch. 4203

Imports

65.37 ₹ Cr

0.0014% share

+73.58% YoY

41.12% of Sub-Ch. 4203

FY 2022-23 Exp. Rank #489

Balance

+947.16

Exports

1,031.62 ₹ Cr

0.0285% share

+2.29% YoY

18.02% of Sub-Ch. 4203

Imports

84.46 ₹ Cr

0.0015% share

+29.20% YoY

49.04% of Sub-Ch. 4203

FY 2023-24 Exp. Rank #438

Balance

+1,080.79

Exports

1,155.43 ₹ Cr

0.0319% share

+12.00% YoY

20.06% of Sub-Ch. 4203

Imports

74.64 ₹ Cr

0.0013% share

−11.63% YoY

45.87% of Sub-Ch. 4203

FY 2024-25 Exp. Rank #401

Balance

+1,274.55

Exports

1,342.69 ₹ Cr

0.0365% share

+16.21% YoY

21.14% of Sub-Ch. 4203

Imports

68.14 ₹ Cr

0.0011% share

−8.71% YoY

46.18% of Sub-Ch. 4203

CAGR · 7-Year

Exports

10.02% /yr

Imports

4.94% /yr

Consistently Surplus
Sub-Chapter 4203 total

reference, FY 2024-25

Export

₹6,352.79 Cr

Import

₹147.56 Cr

Trade Balance

+6,205.23

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 42033000 Export-Import Analysis

Consistent Export Growth: 10.02% CAGR Over 7 Years

India's exports under HSN Code 42033000 have grown at a compound annual rate of 10.02% over 7 fiscal years, rising from ₹757.19 Crore in FY 2018-19 to ₹1,342.69 Crore in FY 2024-25.

HSN Code 42033000 Ranked #401 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 42033000 ranks #401 out of 12657 HSN codes by total export value. Within Sub-Chapter 4203, it ranks #3 of 11. By trade surplus, it ranks #293 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 42033000 Exports

The strongest single-year export movement for HSN Code 42033000 was recorded in FY 2021-22, when exports surged by 69.75% over the prior year.

India Maintains a Trade Surplus of ₹1,274.55 Crore in HSN Code 42033000 Goods

In FY 2024-25, India's exports of ₹1,342.69 Cr exceeded imports of ₹68.14 Cr, resulting in a trade surplus of ₹1,274.55 Crore — ranking #293 of 12657 by surplus magnitude.

Import Growth of 4.94% CAGR Signals Stable Import Dependency for Belts and Bandoliers

India's imports under HSN Code 42033000 have grown at 4.94% CAGR, reaching ₹68.14 Crore in FY 2024-25.

HSN Code 42033000 Contributes 21.14% of Sub-Chapter 4203 Exports — Ranked #3

Among the 11 HSN codes under Sub-Chapter 4203, HSN Code 42033000 ranks #3 by export value — accounting for 21.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 46.18% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 42033000 and GST compliance.

What products are classified under HSN 42033000 ?

It includes Belts and Bandoliers

Do e‑way bill and e‑invoice apply for Belts and Bandoliers?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

How much GST applies to Belts and Bandoliers?

Under HSN 42033000, Belts and Bandoliers attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Belts and Bandoliers?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

How should mixed supplies be billed when Belts and Bandoliers is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Belts and Bandoliers; Nil for exempt items if applicable).

Any common misclassification issue with Belts and Bandoliers?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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.