HSN Code 45020000 represents Natural Cork (Debacked/Roughly Squared) under GST classification. This code helps businesses identify Natural Cork (Debacked/Roughly Squared) correctly for billing, taxation, and trade. With HSN Code 45020000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Natural Cork (Debacked/Roughly Squared).
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HSN Code 45020000 relates to the following description.
Cork and articles of cork
Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
6%
6%
12%
0%
Description of Goods
Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
Chapter
45 - Cork and articles of cork
Sub Chapter
4502 - Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
CGST
6%
SGST
6%
IGST
12%
CESS
0%
India’s Exports
FY 2024-25₹1 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹1 Cr
Surplus rank #4358 of 12657 HSN codes
% of Sub-Chapter 4502
FY 2024-25100.00%
Share of Sub-Chapter 4502’s total exports in FY 2024-25
Import side: 100.00% of Sub-Chapter 4502’s imports
Rank Within Sub-Chapter 4502
FY 2024-25#1 of 1
Position by export value among HSN codes in Sub-Chapter 4502
Import-side rank: #1 of 1
At a glance
0.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7874
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+239.53%
Peak Growth Year
FY 2021-22 · strongest single-year move
100.00%
Contribution to Sub-Ch. 4502
Share of Sub-Chapter 4502 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+1.22
Exports
1.43 ₹ Cr
0.0001% share
— YoY
100.00% of Sub-Ch. 4502
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
100.00% of Sub-Ch. 4502
Balance
+0.42
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−58.04% YoY
100.00% of Sub-Ch. 4502
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−14.29% YoY
100.00% of Sub-Ch. 4502
Balance
+0.40
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−28.33% YoY
100.00% of Sub-Ch. 4502
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−83.33% YoY
100.00% of Sub-Ch. 4502
Balance
+1.38
Exports
1.46 ₹ Cr
0.0000% share
+239.53% YoY
100.00% of Sub-Ch. 4502
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+166.67% YoY
100.00% of Sub-Ch. 4502
Balance
+1.10
Exports
1.28 ₹ Cr
0.0000% share
−12.33% YoY
100.00% of Sub-Ch. 4502
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+125.00% YoY
100.00% of Sub-Ch. 4502
Balance
+1.10
Exports
1.48 ₹ Cr
0.0000% share
+15.63% YoY
100.00% of Sub-Ch. 4502
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+111.11% YoY
100.00% of Sub-Ch. 4502
Balance
+1.45
Exports
1.48 ₹ Cr
0.0000% share
0.00% YoY
100.00% of Sub-Ch. 4502
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−92.11% YoY
100.00% of Sub-Ch. 4502
CAGR · 7-Year
Exports
0.57% /yr
Imports
−27.70% /yr
India's exports under HSN Code 45020000 have grown at a compound annual rate of 0.57% over 7 fiscal years, rising from ₹1.43 Crore in FY 2018-19 to ₹1.48 Crore in FY 2024-25.
In FY 2024-25, HSN Code 45020000 ranks #7874 out of 12657 HSN codes by total export value. Within Sub-Chapter 4502, it ranks #1 of 1. By trade surplus, it ranks #4358 of 12657.
The strongest single-year export movement for HSN Code 45020000 was recorded in FY 2021-22, when exports surged by 239.53% over the prior year.
In FY 2024-25, India's exports of ₹1.48 Cr exceeded imports of ₹0.03 Cr, resulting in a trade surplus of ₹1.45 Crore — ranking #4358 of 12657 by surplus magnitude.
India's imports under HSN Code 45020000 have grown at −27.70% CAGR, reaching ₹0.03 Crore in FY 2024-25.
Among the 1 HSN codes under Sub-Chapter 4502, HSN Code 45020000 ranks #1 by export value — accounting for 100.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 100.00% share (rank #1).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 45020000 and GST compliance.
It includes Corks and Stoppers
Under HSN 45020000, Natural Cork (Debacked/Roughly Squared) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Natural Cork (Debacked/Roughly Squared); Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.