HSN Code 43040020: Artificial fur: Other articles
HSN Code 43040020 represents Artificial fur: Other articles under GST classification. This code helps businesses identify Artificial fur: Other articles correctly for billing, taxation, and trade. With HSN Code 43040020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Artificial fur: Other articles.
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Description of Goods for HSN Code 43040020
HSN Code 43040020 relates to the following description.
What does HSN Code 43040020 not include?
Artificial fur: Other articles does not include products with the following descriptions.
Artificial fur and articles thereof : Artificial fur : Artificial fur as trimmings and embellishments for garments, made ups, knitwear, plastic and leather goods
Artificial fur and articles thereof : Artificial fur : Other
India’s Trade Performance — HSN Code 43040020 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹2 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25−₹1 Cr
Surplus rank #7954 of 12657 HSN codes
% of Sub-Chapter 4304
FY 2024-2588.00%
Share of Sub-Chapter 4304’s total exports in FY 2024-25
Import side: 41.82% of Sub-Chapter 4304’s imports
Rank Within Sub-Chapter 4304
FY 2024-25#1 of 3
Position by export value among HSN codes in Sub-Chapter 4304
Import-side rank: #1 of 3
At a glance
−32.37%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8914
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,250.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
88.00%
Contribution to Sub-Ch. 4304
Share of Sub-Chapter 4304 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+2.95
Exports
4.60 ₹ Cr
0.0002% share
— YoY
85.34% of Sub-Ch. 4304
Imports
1.65 ₹ Cr
0.0000% share
— YoY
32.29% of Sub-Ch. 4304
Balance
−0.78
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−91.96% YoY
46.84% of Sub-Ch. 4304
Imports
1.15 ₹ Cr
0.0000% share
−30.30% YoY
22.82% of Sub-Ch. 4304
Balance
−0.97
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−94.59% YoY
66.67% of Sub-Ch. 4304
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−13.91% YoY
37.22% of Sub-Ch. 4304
Balance
−1.84
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+1,250.00% YoY
58.70% of Sub-Ch. 4304
Imports
2.11 ₹ Cr
0.0000% share
+113.13% YoY
39.37% of Sub-Ch. 4304
Balance
−0.87
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−77.78% YoY
15.38% of Sub-Ch. 4304
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−55.92% YoY
13.74% of Sub-Ch. 4304
Balance
−0.98
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+183.33% YoY
68.00% of Sub-Ch. 4304
Imports
1.15 ₹ Cr
0.0000% share
+23.66% YoY
37.58% of Sub-Ch. 4304
Balance
−1.12
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+158.82% YoY
88.00% of Sub-Ch. 4304
Imports
1.56 ₹ Cr
0.0000% share
+35.65% YoY
41.82% of Sub-Ch. 4304
CAGR · 7-Year
Exports
−32.37% /yr
Imports
−0.93% /yr
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 43040020 and GST compliance.
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.