--- title: "HSN Code for Artificial fur | HSN 43040019 GST Rate" description: "Find HSN and GST Rates for 43040019 related to Artificial fur with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-43040019/" --- # HSN Code 43040019: Artificial fur - [Section 08: Guide to HSN Section 08](https://busy.in/hsn/section-08/) - [Chapter 43: Furskins and Artificial Fur; Manufactures Thereof](https://busy.in/hsn/chapter-43/) - [Sub-chapter 4304: Artificial fur](https://busy.in/hsn/sub-chapter-4304/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Artificial fur and articles thereof : Artificial fur : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 43040019 ? It includes Artificial fur ### Can we claim ITC on inputs used to trade Artificial fur? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Artificial fur is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Artificial fur; Nil for exempt items if applicable). ### Any common misclassification issue with Artificial fur? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Artificial fur? Under HSN 43040019, Artificial fur attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Artificial fur? 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. ## India's trade performance: HSN Code 43040019 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−28.57% YoY) — 0.0000% of India's total exports - Imports: ₹1 Cr (+5.41% YoY) — 0.0000% of India's total imports - Trade balance: −₹1 Cr (Deficit); surplus rank #7954 of 12657 HSN codes - Share of Sub-Chapter 4304: 10.00% of its exports; import side 31.37% - Rank within Sub-Chapter 4304: #2 of 3 by export value; import-side #2 ### Key metrics - Export CAGR: -36.32% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #10034 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,700.00% in FY 2021-22 - Contribution to Sub-Ch. 4304: 10.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 43040019 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. 4304 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4304 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 13.91% | 2.35 | 0.0001% | — | 45.99% | −1.60 | #7867 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −45.33% | 51.90% | 2.87 | 0.0001% | +22.13% | 56.94% | −2.46 | #8353 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −97.56% | 33.33% | < ₹1 Crore | 0.0000% | −67.25% | 35.34% | −0.93 | #9985 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +1,700.00% | 39.13% | 1.79 | 0.0000% | +90.43% | 33.40% | −1.61 | #9254 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +83.33% | 84.62% | 4.13 | 0.0001% | +130.73% | 61.00% | −3.80 | #8991 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −78.79% | 28.00% | 1.11 | 0.0000% | −73.12% | 36.27% | −1.04 | #9929 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −28.57% | 10.00% | 1.17 | 0.0000% | +5.41% | 31.37% | −1.12 | #10034 | - CAGR (7-year): exports -36.32%/yr, imports -10.97%/yr (consistently Deficit) ## Key trade insights: HSN Code 43040019 export-import analysis ### Export decline: -36.32% CAGR over 7 years India's exports under HSN Code 43040019 have declined at a compound annual rate of -36.32% over 7 fiscal years, falling from ₹0.75 Crore in FY 2018-19 to ₹0.05 Crore in FY 2024-25. ### HSN Code 43040019 ranked #10034 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 43040019 ranks #10034 out of 12657 HSN codes by total export value. Within Sub-Chapter 4304, it ranks #2 of 3. By trade surplus, it ranks #7954 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 43040019 exports The strongest single-year export movement for HSN Code 43040019 was recorded in FY 2021-22, when exports surged by 1,700.00% over the prior year. ### India records a trade deficit of ₹1.12 Crore in HSN Code 43040019 goods In FY 2024-25, India's imports of ₹1.17 Cr exceeded exports of ₹0.05 Cr, resulting in a trade deficit of ₹1.12 Crore — ranking #7954 of 12657 by surplus magnitude. ### Import growth of -10.97% CAGR signals stable import dependency for Artificial fur India's imports under HSN Code 43040019 have grown at -10.97% CAGR, reaching ₹1.17 Crore in FY 2024-25. ### HSN Code 43040019 contributes 10.00% of Sub-Chapter 4304 exports — ranked #2 Among the 3 HSN codes under Sub-Chapter 4304, HSN Code 43040019 ranks #2 by export value — accounting for 10.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 31.37% share (rank #2). ## Related HSN Codes in Sub-Chapter 4304 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 43040020: Artificial fur: Other articles](https://busy.in/hsn/hsn-43040020/) | < ₹1 Crore | | #2 | HSN Code 43040019: Artificial fur (this hsn code) | < ₹1 Crore | | — | [HSN Code 43040011: Artificial Fur Trimmings](https://busy.in/hsn/hsn-43040011/) | Nil |