--- title: "HSN Code for Decorative Tropical Wood Plywood | HSN 44123110 GST Rate" description: "Find HSN and GST Rates for 44123110 related to Decorative Tropical Wood Plywood with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-44123110/" --- # HSN Code 44123110: Decorative Tropical Wood Plywood - [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 4412: Laminated Plywood, Veneered Panels](https://busy.in/hsn/sub-chapter-4412/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other plywood, consisting solely of sheets of wood (other than bamboo), each ply not exceeding 6 mm thickness : With at least one outer ply of tropical wood : Decorative plywood | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 44123110 ? It includes Decorative Tropical Wood Plywood ### Do e‑way bill and e‑invoice apply for Decorative Tropical Wood Plywood? 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. ### How much GST applies to Decorative Tropical Wood Plywood? Under HSN 44123110, Decorative Tropical Wood Plywood attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Decorative Tropical Wood Plywood? 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 Decorative Tropical Wood Plywood? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Decorative Tropical Wood Plywood is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Decorative Tropical Wood Plywood; Nil for exempt items if applicable). ## India's trade performance: HSN Code 44123110 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹17 Cr (+69.90% YoY) — 0.0005% of India's total exports - Imports: ₹92 Cr (+14.13% YoY) — 0.0015% of India's total imports - Trade balance: −₹76 Cr (Deficit); surplus rank #10569 of 12657 HSN codes - Share of Sub-Chapter 4412: 3.83% of its exports; import side 3.71% - Rank within Sub-Chapter 4412: #4 of 88 by export value; import-side #5 ### Key metrics - Export CAGR: 4.37% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5106 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +69.90% in FY 2024-25 - Contribution to Sub-Ch. 4412: 3.83% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 44123110 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. 4412 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4412 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 13.01 | 0.0006% | — | 5.76% | 66.64 | 0.0019% | — | 8.08% | −53.63 | #4678 | | FY 2019-20 | 5.55 | 0.0003% | −57.34% | 2.30% | 56.12 | 0.0017% | −15.79% | 7.58% | −50.57 | #5724 | | FY 2020-21 | 8.77 | 0.0004% | +58.02% | 3.16% | 47.40 | 0.0016% | −15.54% | 7.84% | −38.63 | #5256 | | FY 2021-22 | 10.30 | 0.0003% | +17.45% | 1.92% | 72.79 | 0.0016% | +53.57% | 9.42% | −62.49 | #5442 | | FY 2022-23 | 8.68 | 0.0002% | −15.73% | 1.44% | 97.94 | 0.0017% | +34.55% | 9.17% | −89.26 | #5813 | | FY 2023-24 | 9.90 | 0.0003% | +14.06% | 2.10% | 80.95 | 0.0014% | −17.35% | 4.62% | −71.05 | #5744 | | FY 2024-25 | 16.82 | 0.0005% | +69.90% | 3.83% | 92.39 | 0.0015% | +14.13% | 3.71% | −75.57 | #5106 | - CAGR (7-year): exports 4.37%/yr, imports 5.60%/yr (consistently Deficit) ## Key trade insights: HSN Code 44123110 export-import analysis ### Consistent export growth: 4.37% CAGR over 7 years India's exports under HSN Code 44123110 have grown at a compound annual rate of 4.37% over 7 fiscal years, rising from ₹13.01 Crore in FY 2018-19 to ₹16.82 Crore in FY 2024-25. ### HSN Code 44123110 ranked #5106 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 44123110 ranks #5106 out of 12657 HSN codes by total export value. Within Sub-Chapter 4412, it ranks #4 of 88. By trade surplus, it ranks #10569 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 44123110 exports The strongest single-year export movement for HSN Code 44123110 was recorded in FY 2024-25, when exports surged by 69.90% over the prior year. ### India records a trade deficit of ₹75.57 Crore in HSN Code 44123110 goods In FY 2024-25, India's imports of ₹92.39 Cr exceeded exports of ₹16.82 Cr, resulting in a trade deficit of ₹75.57 Crore — ranking #10569 of 12657 by surplus magnitude. ### Import growth of 5.60% CAGR signals stable import dependency for Decorative Tropical Wood Plywood India's imports under HSN Code 44123110 have grown at 5.60% CAGR, reaching ₹92.39 Crore in FY 2024-25. ### HSN Code 44123110 contributes 3.83% of Sub-Chapter 4412 exports — ranked #4 Among the 88 HSN codes under Sub-Chapter 4412, HSN Code 44123110 ranks #4 by export value — accounting for 3.83% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.71% share (rank #5). ## Related HSN Codes in Sub-Chapter 4412 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 44123190: Other Tropical Tea Chest Panels](https://busy.in/hsn/hsn-44123190/) | ₹199 Cr | | #2 | [HSN Code 44123990: Other Coniferous Plywood](https://busy.in/hsn/hsn-44123990/) | ₹165 Cr | | #3 | [HSN Code 44129990: Coniferous wood outer plies](https://busy.in/hsn/hsn-44129990/) | ₹43 Cr | | #4 | HSN Code 44123110: Decorative Tropical Wood Plywood (this hsn code) | ₹17 Cr | | #5 | [HSN Code 44123390: Other plywood with non-coniferous wood](https://busy.in/hsn/hsn-44123390/) | ₹10 Cr | | #6 | [HSN Code 44129910: Decorative Plywood with Outer Plies of Coniferous Wood](https://busy.in/hsn/hsn-44129910/) | ₹1 Cr | | #7 | [HSN Code 44123310: Decorative plywood](https://busy.in/hsn/hsn-44123310/) | < ₹1 Crore | | #8 | [HSN Code 44121000: Of Bamboo](https://busy.in/hsn/hsn-44121000/) | < ₹1 Crore | | #9 | [HSN Code 44123140: Marine/Aircraft Tropical Wood Plywood](https://busy.in/hsn/hsn-44123140/) | < ₹1 Crore | | #10 | [HSN Code 44123910: Decorative Coniferous Plywood](https://busy.in/hsn/hsn-44123910/) | < ₹1 Crore |