--- title: "HSN Code for Leather Goods: Handbags and Similar Articles | HSN 42050011 GST Rate" description: "Find HSN and GST Rates for 42050011 related to Leather Goods: Handbags and Similar Articles with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-42050011/" --- # HSN Code 42050011: Leather Goods: Handbags and Similar Articles - [Section 08: Guide to HSN Section 08](https://busy.in/hsn/section-08/) - [Chapter 42: Articles of Leather; Saddlery and Harness; Travel Goods; Handbags](https://busy.in/hsn/chapter-42/) - [Sub-chapter 4205: Leather Articles: Composition Leather](https://busy.in/hsn/sub-chapter-4205/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other articles of leather or of composition leather : Straps other than for machinery or harness : Welt | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 42050011 ? It includes Leather Goods: Handbags and Similar Articles ### How much GST applies to Leather Goods: Handbags and Similar Articles? Under HSN 42050011, Leather Goods: Handbags and Similar Articles attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Leather Goods: Handbags and Similar Articles? 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 Leather Goods: Handbags and Similar Articles is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Leather Goods: Handbags and Similar Articles; Nil for exempt items if applicable). ### Any common misclassification issue with Leather Goods: Handbags and Similar Articles? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Leather Goods: Handbags and Similar Articles? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 42050011 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+410.81% YoY) — 0.0001% of India's total exports - Imports: ₹3 Cr (+129.31% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7824 of 12657 HSN codes - Share of Sub-Chapter 4205: 0.49% of its exports; import side 4.39% - Rank within Sub-Chapter 4205: #4 of 4 by export value; import-side #4 ### Key metrics - Export CAGR: 14.93% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7650 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +410.81% in FY 2024-25 - Contribution to Sub-Ch. 4205: 0.49% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 42050011 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 4205 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4205 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.17% | 4.89 | 0.0001% | — | 4.14% | −4.07 | #7797 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −53.66% | 0.08% | 3.70 | 0.0001% | −24.34% | 2.73% | −3.32 | #8414 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −55.26% | 0.06% | < ₹1 Crore | 0.0000% | −73.78% | 2.48% | −0.80 | #8966 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +23.53% | 0.05% | 2.25 | 0.0000% | +131.96% | 8.99% | −2.04 | #9176 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +42.86% | 0.08% | 2.51 | 0.0000% | +11.56% | 7.43% | −2.21 | #9050 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +23.33% | 0.10% | 1.16 | 0.0000% | −53.78% | 2.74% | −0.79 | #9038 | | FY 2024-25 | 1.89 | 0.0001% | +410.81% | 0.49% | 2.66 | 0.0000% | +129.31% | 4.39% | −0.77 | #7650 | - CAGR (7-year): exports 14.93%/yr, imports -9.65%/yr (consistently Deficit) ## Key trade insights: HSN Code 42050011 export-import analysis ### Consistent export growth: 14.93% CAGR over 7 years India's exports under HSN Code 42050011 have grown at a compound annual rate of 14.93% over 7 fiscal years, rising from ₹0.82 Crore in FY 2018-19 to ₹1.89 Crore in FY 2024-25. ### HSN Code 42050011 ranked #7650 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 42050011 ranks #7650 out of 12657 HSN codes by total export value. Within Sub-Chapter 4205, it ranks #4 of 4. By trade surplus, it ranks #7824 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 42050011 exports The strongest single-year export movement for HSN Code 42050011 was recorded in FY 2024-25, when exports surged by 410.81% over the prior year. ### India records a trade deficit of ₹0.77 Crore in HSN Code 42050011 goods In FY 2024-25, India's imports of ₹2.66 Cr exceeded exports of ₹1.89 Cr, resulting in a trade deficit of ₹0.77 Crore — ranking #7824 of 12657 by surplus magnitude. ### Import growth of -9.65% CAGR signals stable import dependency for Leather Goods: Handbags and Similar Articles India's imports under HSN Code 42050011 have grown at -9.65% CAGR, reaching ₹2.66 Crore in FY 2024-25. ### HSN Code 42050011 contributes 0.49% of Sub-Chapter 4205 exports — ranked #4 Among the 4 HSN codes under Sub-Chapter 4205, HSN Code 42050011 ranks #4 by export value — accounting for 0.49% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.39% share (rank #4). ## Related HSN Codes in Sub-Chapter 4205 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 42050090: Other leather articles](https://busy.in/hsn/hsn-42050090/) | ₹346 Cr | | #2 | [HSN Code 42050019: Leather Goods: Other Carriers & Hand Accessories](https://busy.in/hsn/hsn-42050019/) | ₹23 Cr | | #3 | [HSN Code 42050020: Leather Sofa Covers & Other Articles of Leather](https://busy.in/hsn/hsn-42050020/) | ₹11 Cr | | #4 | HSN Code 42050011: Leather Goods: Handbags and Similar Articles (this hsn code) | ₹2 Cr |