--- title: "HSN Code for Artificial fur: Other articles | HSN 43040020 GST Rate" description: "Find HSN and GST Rates for 43040020 related to Artificial fur: Other articles with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-43040020/" --- # HSN Code 43040020: Artificial fur: Other articles - [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 : Articles of artificial fur | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 43040020 ? It includes Artificial fur: Other articles ### Any common misclassification issue with Artificial fur: Other articles? 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: Other articles? Under HSN 43040020, Artificial fur: Other articles attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Artificial fur: Other 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. ### Can we claim ITC on inputs used to trade Artificial fur: Other articles? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Artificial fur: Other articles? 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 43040020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+158.82% YoY) — 0.0000% of India's total exports - Imports: ₹2 Cr (+35.65% 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: 88.00% of its exports; import side 41.82% - Rank within Sub-Chapter 4304: #1 of 3 by export value; import-side #1 ### Key metrics - Export CAGR: -32.37% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8914 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,250.00% in FY 2021-22 - Contribution to Sub-Ch. 4304: 88.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 43040020 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 | 4.60 | 0.0002% | — | 85.34% | 1.65 | 0.0000% | — | 32.29% | +2.95 | #5959 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −91.96% | 46.84% | 1.15 | 0.0000% | −30.30% | 22.82% | −0.78 | #8433 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −94.59% | 66.67% | < ₹1 Crore | 0.0000% | −13.91% | 37.22% | −0.97 | #9824 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +1,250.00% | 58.70% | 2.11 | 0.0000% | +113.13% | 39.37% | −1.84 | #9011 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −77.78% | 15.38% | < ₹1 Crore | 0.0000% | −55.92% | 13.74% | −0.87 | #9835 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +183.33% | 68.00% | 1.15 | 0.0000% | +23.66% | 37.58% | −0.98 | #9527 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +158.82% | 88.00% | 1.56 | 0.0000% | +35.65% | 41.82% | −1.12 | #8914 | - CAGR (7-year): exports -32.37%/yr, imports -0.93%/yr (consistently Deficit) ## Key trade insights: HSN Code 43040020 export-import analysis ### Export decline: -32.37% CAGR over 7 years India's exports under HSN Code 43040020 have declined at a compound annual rate of -32.37% over 7 fiscal years, falling from ₹4.60 Crore in FY 2018-19 to ₹0.44 Crore in FY 2024-25. ### HSN Code 43040020 ranked #8914 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 43040020 ranks #8914 out of 12657 HSN codes by total export value. Within Sub-Chapter 4304, it ranks #1 of 3. By trade surplus, it ranks #7954 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 43040020 exports The strongest single-year export movement for HSN Code 43040020 was recorded in FY 2021-22, when exports surged by 1,250.00% over the prior year. ### India records a trade deficit of ₹1.12 Crore in HSN Code 43040020 goods In FY 2024-25, India's imports of ₹1.56 Cr exceeded exports of ₹0.44 Cr, resulting in a trade deficit of ₹1.12 Crore — ranking #7954 of 12657 by surplus magnitude. ### Import growth of -0.93% CAGR signals stable import dependency for Artificial fur: Other articles India's imports under HSN Code 43040020 have grown at -0.93% CAGR, reaching ₹1.56 Crore in FY 2024-25. ### HSN Code 43040020 contributes 88.00% of Sub-Chapter 4304 exports — ranked #1 Among the 3 HSN codes under Sub-Chapter 4304, HSN Code 43040020 ranks #1 by export value — accounting for 88.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 41.82% share (rank #1). ## 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 (this hsn code) | < ₹1 Crore | | #2 | [HSN Code 43040019: Artificial fur](https://busy.in/hsn/hsn-43040019/) | < ₹1 Crore | | — | [HSN Code 43040011: Artificial Fur Trimmings](https://busy.in/hsn/hsn-43040011/) | Nil |