--- title: "HSN Code for Virola/Imbuia/Balsa | HSN 44072200 GST Rate" description: "Find HSN and GST Rates for 44072200 related to Virola/Imbuia/Balsa with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-44072200/" --- # HSN Code 44072200: Virola/Imbuia/Balsa - [Section 09: Guide to HSN Section 09](https://busy.in/hsn/section-09/) - [Chapter 44: Wood and Articles of Wood; Wood Charcoal](https://busy.in/hsn/chapter-44/) - [Sub-chapter 4407: Sawn Wood](https://busy.in/hsn/sub-chapter-4407/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of tropical wood specified in Sub-heading Note 1 to this Chapter : Virola, Imbuia and balsa | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 44072200 ? It includes Virola/Imbuia/Balsa ### Does packaging or labelling change the GST for Virola/Imbuia/Balsa? 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. ### Any common misclassification issue with Virola/Imbuia/Balsa? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Virola/Imbuia/Balsa? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Virola/Imbuia/Balsa? Under HSN 44072200, Virola/Imbuia/Balsa attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Virola/Imbuia/Balsa? 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 44072200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+1,250.00% YoY) — 0.0000% of India's total exports - Imports: ₹342 Cr (+62.92% YoY) — 0.0056% of India's total imports - Trade balance: −₹341 Cr (Deficit); surplus rank #11661 of 12657 HSN codes - Share of Sub-Chapter 4407: 1.05% of its exports; import side 7.75% - Rank within Sub-Chapter 4407: #7 of 30 by export value; import-side #5 ### Key metrics - Export CAGR: 108.01% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8424 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +4,933.33% in FY 2020-21 - Contribution to Sub-Ch. 4407: 1.05% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 44072200 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. 4407 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4407 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.03% | 86.40 | 0.0024% | — | 2.79% | −86.39 | #9921 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +200.00% | 0.15% | 170.83 | 0.0051% | +97.72% | 5.47% | −170.80 | #9613 | | FY 2020-21 | 1.51 | 0.0001% | +4,933.33% | 5.57% | 118.05 | 0.0041% | −30.90% | 4.35% | −116.54 | #7278 | | FY 2021-22 | Nil | 0.0000% | −100.00% | 0.00% | 163.57 | 0.0036% | +38.56% | 5.36% | −163.57 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | 159.52 | 0.0028% | −2.48% | 3.98% | −159.52 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.11% | 210.04 | 0.0037% | +31.67% | 5.66% | −209.98 | #9987 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +1,250.00% | 1.05% | 342.20 | 0.0056% | +62.92% | 7.75% | −341.39 | #8424 | - CAGR (7-year): exports 108.01%/yr, imports 25.78%/yr (consistently Deficit) ## Key trade insights: HSN Code 44072200 export-import analysis ### Consistent export growth: 108.01% CAGR over 7 years India's exports under HSN Code 44072200 have grown at a compound annual rate of 108.01% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹0.81 Crore in FY 2024-25. ### HSN Code 44072200 ranked #8424 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 44072200 ranks #8424 out of 12657 HSN codes by total export value. Within Sub-Chapter 4407, it ranks #7 of 30. By trade surplus, it ranks #11661 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 44072200 exports The strongest single-year export movement for HSN Code 44072200 was recorded in FY 2020-21, when exports surged by 4,933.33% over the prior year. ### India records a trade deficit of ₹341.39 Crore in HSN Code 44072200 goods In FY 2024-25, India's imports of ₹342.20 Cr exceeded exports of ₹0.81 Cr, resulting in a trade deficit of ₹341.39 Crore — ranking #11661 of 12657 by surplus magnitude. ### Import growth of 25.78% CAGR signals rising demand for Virola/Imbuia/Balsa India's imports under HSN Code 44072200 have grown at 25.78% CAGR, reaching ₹342.20 Crore in FY 2024-25. ### HSN Code 44072200 contributes 1.05% of Sub-Chapter 4407 exports — ranked #7 Among the 30 HSN codes under Sub-Chapter 4407, HSN Code 44072200 ranks #7 by export value — accounting for 1.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.75% share (rank #5). ## Related HSN Codes in Sub-Chapter 4407 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 44072300: Sapelli: Tropical Wood Specified in Sub-heading Note 1](https://busy.in/hsn/hsn-44072300/) | ₹41 Cr | | #2 | [HSN Code 44079990: Wood sawn or chipped lengthwise \| Other](https://busy.in/hsn/hsn-44079990/) | ₹8 Cr | | #3 | [HSN Code 44072500: Dark/Light Red Meranti/Meranti Bakau](https://busy.in/hsn/hsn-44072500/) | ₹7 Cr | | #4 | [HSN Code 44072900: Mahogany](https://busy.in/hsn/hsn-44072900/) | ₹7 Cr | | #5 | [HSN Code 44072100: Tamarind Flour (Non-Packaged)](https://busy.in/hsn/hsn-44072100/) | ₹6 Cr | | #6 | [HSN Code 44071100: Pine wood](https://busy.in/hsn/hsn-44071100/) | ₹6 Cr | | #7 | HSN Code 44072200: Virola/Imbuia/Balsa (this hsn code) | < ₹1 Crore | | #8 | [HSN Code 44079100: Other \| Of Oak (Quercus Spp.)](https://busy.in/hsn/hsn-44079100/) | < ₹1 Crore | | #9 | [HSN Code 44079200: Other \| Of Beech (Fagus Spp.)](https://busy.in/hsn/hsn-44079200/) | < ₹1 Crore | | #10 | [HSN Code 44079300: Other \| Of Maple (Acer Spp.)](https://busy.in/hsn/hsn-44079300/) | < ₹1 Crore |