HSN Code 42050011 represents Leather Goods: Handbags and Similar Articles under GST classification. This code helps businesses identify Leather Goods: Handbags and Similar Articles correctly for billing, taxation, and trade. With HSN Code 42050011, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Leather Goods: Handbags and Similar Articles.
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HSN Code 42050011 relates to the following description.
Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut)
Other articles of leather or of composition leather
Other articles of leather or of composition leather : Straps other than for machinery or harness : Welt
9%
9%
18%
0%
Description of Goods
Other articles of leather or of composition leather : Straps other than for machinery or harness : Welt
Chapter
42 - Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut)
Sub Chapter
4205 - Other articles of leather or of composition leather
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Leather Goods: Handbags and Similar Articles does not include products with the following descriptions.
Other articles of leather or of composition leather : Straps other than for machinery or harness : Other
Other articles of leather or of composition leather : Leather sofa cover
Other articles of leather or of composition leather : Other
India’s Exports
FY 2024-25₹2 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹3 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25−< ₹1 Crore
Surplus rank #7824 of 12657 HSN codes
% of Sub-Chapter 4205
FY 2024-250.49%
Share of Sub-Chapter 4205’s total exports in FY 2024-25
Import side: 4.39% of Sub-Chapter 4205’s imports
Rank Within Sub-Chapter 4205
FY 2024-25#4 of 4
Position by export value among HSN codes in Sub-Chapter 4205
Import-side rank: #4 of 4
At a glance
14.93%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7650
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+410.81%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.49%
Contribution to Sub-Ch. 4205
Share of Sub-Chapter 4205 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
−4.07
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.17% of Sub-Ch. 4205
Imports
4.89 ₹ Cr
0.0001% share
— YoY
4.14% of Sub-Ch. 4205
Balance
−3.32
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−53.66% YoY
0.08% of Sub-Ch. 4205
Imports
3.70 ₹ Cr
0.0001% share
−24.34% YoY
2.73% of Sub-Ch. 4205
Balance
−0.80
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−55.26% YoY
0.06% of Sub-Ch. 4205
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−73.78% YoY
2.48% of Sub-Ch. 4205
Balance
−2.04
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+23.53% YoY
0.05% of Sub-Ch. 4205
Imports
2.25 ₹ Cr
0.0000% share
+131.96% YoY
8.99% of Sub-Ch. 4205
Balance
−2.21
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+42.86% YoY
0.08% of Sub-Ch. 4205
Imports
2.51 ₹ Cr
0.0000% share
+11.56% YoY
7.43% of Sub-Ch. 4205
Balance
−0.79
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+23.33% YoY
0.10% of Sub-Ch. 4205
Imports
1.16 ₹ Cr
0.0000% share
−53.78% YoY
2.74% of Sub-Ch. 4205
Balance
−0.77
Exports
1.89 ₹ Cr
0.0001% share
+410.81% YoY
0.49% of Sub-Ch. 4205
Imports
2.66 ₹ Cr
0.0000% share
+129.31% YoY
4.39% of Sub-Ch. 4205
CAGR · 7-Year
Exports
14.93% /yr
Imports
−9.65% /yr
reference, FY 2024-25
Export
₹382.64 Cr
Import
₹60.54 Cr
Trade Balance
+322.10
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.
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.
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.
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.
India's imports under HSN Code 42050011 have grown at −9.65% CAGR, reaching ₹2.66 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 42050011 and GST compliance.
It includes 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.
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.
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.