HSN Code 45031000: Corks and Stoppers
HSN Code 45031000 represents Corks and Stoppers under GST classification. This code helps businesses identify Corks and Stoppers correctly for billing, taxation, and trade. With HSN Code 45031000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Corks and Stoppers.
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Description of Goods for HSN Code 45031000
HSN Code 45031000 relates to the following description.
What does HSN Code 45031000 not include?
Corks and Stoppers does not include products with the following descriptions.
Other : Shuttlecock cork bottom
Other : Other
India’s Trade Performance — HSN Code 45031000 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₹12 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹11 Cr
Surplus rank #9153 of 12657 HSN codes
% of Sub-Chapter 4503
FY 2024-2565.28%
Share of Sub-Chapter 4503’s total exports in FY 2024-25
Import side: 74.65% of Sub-Chapter 4503’s imports
Rank Within Sub-Chapter 4503
FY 2024-25#1 of 3
Position by export value among HSN codes in Sub-Chapter 4503
Import-side rank: #1 of 3
At a glance
−12.68%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8867
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+55.66%
Peak Growth Year
FY 2019-20 · strongest single-year move
65.28%
Contribution to Sub-Ch. 4503
Share of Sub-Chapter 4503 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 45031000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+0.17
Exports
1.06 ₹ Cr
0.0000% share
— YoY
75.71% of Sub-Ch. 4503
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
52.98% of Sub-Ch. 4503
Balance
+1.23
Exports
1.65 ₹ Cr
0.0001% share
+55.66% YoY
86.39% of Sub-Ch. 4503
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−52.81% YoY
28.57% of Sub-Ch. 4503
Balance
+0.36
Exports
1.03 ₹ Cr
0.0000% share
−37.58% YoY
83.06% of Sub-Ch. 4503
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+59.52% YoY
39.18% of Sub-Ch. 4503
Balance
−2.12
Exports
1.07 ₹ Cr
0.0000% share
+3.88% YoY
79.85% of Sub-Ch. 4503
Imports
3.19 ₹ Cr
0.0001% share
+376.12% YoY
54.07% of Sub-Ch. 4503
Balance
−5.31
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−37.38% YoY
73.63% of Sub-Ch. 4503
Imports
5.98 ₹ Cr
0.0001% share
+87.46% YoY
75.03% of Sub-Ch. 4503
Balance
−8.47
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+25.37% YoY
52.17% of Sub-Ch. 4503
Imports
9.31 ₹ Cr
0.0002% share
+55.69% YoY
76.88% of Sub-Ch. 4503
Balance
−11.37
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−44.05% YoY
65.28% of Sub-Ch. 4503
Imports
11.84 ₹ Cr
0.0002% share
+27.18% YoY
74.65% of Sub-Ch. 4503
CAGR · 7-Year
Exports
−12.68% /yr
Imports
53.93% /yr
Key Trade Insights: HSN Code 45031000 Export-Import Analysis
Export Decline: −12.68% CAGR Over 7 Years
India's exports under HSN Code 45031000 have declined at a compound annual rate of −12.68% over 7 fiscal years, falling from ₹1.06 Crore in FY 2018-19 to ₹0.47 Crore in FY 2024-25.
HSN Code 45031000 Ranked #8867 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 45031000 ranks #8867 out of 12657 HSN codes by total export value. Within Sub-Chapter 4503, it ranks #1 of 3. By trade surplus, it ranks #9153 of 12657.
FY 2019-20 Was the Strongest Growth Year for HSN Code 45031000 Exports
The strongest single-year export movement for HSN Code 45031000 was recorded in FY 2019-20, when exports surged by 55.66% over the prior year.
India Records a Trade Deficit of ₹11.37 Crore in HSN Code 45031000 Goods
In FY 2024-25, India's imports of ₹11.84 Cr exceeded exports of ₹0.47 Cr, resulting in a trade deficit of ₹11.37 Crore — ranking #9153 of 12657 by surplus magnitude.
Import Growth of 53.93% CAGR Signals Rising Demand for Corks and Stoppers
India's imports under HSN Code 45031000 have grown at 53.93% CAGR, reaching ₹11.84 Crore in FY 2024-25.
HSN Code 45031000 Contributes 65.28% of Sub-Chapter 4503 Exports — Ranked #1
Among the 3 HSN codes under Sub-Chapter 4503, HSN Code 45031000 ranks #1 by export value — accounting for 65.28% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 74.65% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 45031000 and GST compliance.
What products are classified under HSN 45031000 ?
It includes Other : Shuttlecock cork bottom
Do e‑way bill and e‑invoice apply for Corks and Stoppers?
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.
Any common misclassification issue with Corks and Stoppers?
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 Corks and Stoppers?
Under HSN 45031000, Corks and Stoppers attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Does packaging or labelling change the GST for Corks and Stoppers?
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 Corks and Stoppers?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.