HSN Code 42050020 represents Leather Sofa Covers & Other Articles of Leather under GST classification. This code helps businesses identify Leather Sofa Covers & Other Articles of Leather correctly for billing, taxation, and trade. With HSN Code 42050020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Leather Sofa Covers & Other Articles of Leather.
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HSN Code 42050020 relates to the following description.
Description of Goods
Other articles of leather or of composition leather : Leather sofa cover
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 Sofa Covers & Other Articles of Leather does not include products with the following descriptions.
Other articles of leather or of composition leather : Straps other than for machinery or harness : Welt
Other articles of leather or of composition leather : Straps other than for machinery or harness : Other
Other articles of leather or of composition leather : Other
India’s Exports
FY 2024-25₹11 Cr
0.0003% of India’s total exports
India’s Imports
FY 2024-25₹28 Cr
0.0005% of India’s total imports
Trade Balance
FY 2024-25−₹17 Cr
Surplus rank #9439 of 12657 HSN codes
% of Sub-Chapter 4205
FY 2024-252.88%
Share of Sub-Chapter 4205’s total exports in FY 2024-25
Import side: 46.13% of Sub-Chapter 4205’s imports
Rank Within Sub-Chapter 4205
FY 2024-25#3 of 4
Position by export value among HSN codes in Sub-Chapter 4205
Import-side rank: #1 of 4
At a glance
16.36%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5685
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+283.74%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.88%
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
+4.22
Exports
4.44 ₹ Cr
0.0002% share
— YoY
0.92% of Sub-Ch. 4205
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.19% of Sub-Ch. 4205
Balance
+4.87
Exports
4.87 ₹ Cr
0.0002% share
+9.68% YoY
1.06% of Sub-Ch. 4205
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 4205
Balance
+10.72
Exports
10.76 ₹ Cr
0.0005% share
+120.94% YoY
3.60% of Sub-Ch. 4205
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.10% of Sub-Ch. 4205
Balance
+41.28
Exports
41.29 ₹ Cr
0.0013% share
+283.74% YoY
9.79% of Sub-Ch. 4205
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−75.00% YoY
0.04% of Sub-Ch. 4205
Balance
+6.69
Exports
19.80 ₹ Cr
0.0005% share
−52.05% YoY
4.96% of Sub-Ch. 4205
Imports
13.11 ₹ Cr
0.0002% share
+1,31,000.00% YoY
38.83% of Sub-Ch. 4205
Balance
−6.48
Exports
17.00 ₹ Cr
0.0005% share
−14.14% YoY
4.81% of Sub-Ch. 4205
Imports
23.48 ₹ Cr
0.0004% share
+79.10% YoY
55.39% of Sub-Ch. 4205
Balance
−16.91
Exports
11.02 ₹ Cr
0.0003% share
−35.18% YoY
2.88% of Sub-Ch. 4205
Imports
27.93 ₹ Cr
0.0005% share
+18.95% YoY
46.13% of Sub-Ch. 4205
CAGR · 7-Year
Exports
16.36% /yr
Imports
124.19% /yr
reference, FY 2024-25
Export
₹382.64 Cr
Import
₹60.54 Cr
Trade Balance
+322.10
India's exports under HSN Code 42050020 have grown at a compound annual rate of 16.36% over 7 fiscal years, rising from ₹4.44 Crore in FY 2018-19 to ₹11.02 Crore in FY 2024-25.
In FY 2024-25, HSN Code 42050020 ranks #5685 out of 12657 HSN codes by total export value. Within Sub-Chapter 4205, it ranks #3 of 4. By trade surplus, it ranks #9439 of 12657.
The strongest single-year export movement for HSN Code 42050020 was recorded in FY 2021-22, when exports surged by 283.74% over the prior year.
In FY 2024-25, India's imports of ₹27.93 Cr exceeded exports of ₹11.02 Cr, resulting in a trade deficit of ₹16.91 Crore — ranking #9439 of 12657 by surplus magnitude.
India's imports under HSN Code 42050020 have grown at 124.19% CAGR, reaching ₹27.93 Crore in FY 2024-25.
Among the 4 HSN codes under Sub-Chapter 4205, HSN Code 42050020 ranks #3 by export value — accounting for 2.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 46.13% share (rank #1).
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 42050020 and GST compliance.
It includes Leather Sofa Covers & Other Articles of Leather
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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 the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Under HSN 42050020, Leather Sofa Covers & Other Articles of Leather attracts Varies when sold in taxable form. Describe the exact form on the invoice.