--- title: "HSN Code for Insulation Boards (Homogenous) | HSN 48103920 GST Rate" description: "Find HSN and GST Rates for 48103920 related to Insulation Boards (Homogenous) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-48103920/" --- # HSN Code 48103920: Insulation Boards (Homogenous) - [Section 10: Guide to HSN Section 10](https://busy.in/hsn/section-10/) - [Chapter 48: Paper and paperboard; articles of paper pulp of paper or of paperboard](https://busy.in/hsn/chapter-48/) - [Sub-chapter 4810: Kaolin coated paper](https://busy.in/hsn/sub-chapter-4810/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Kraft paper and paperboard, other than that of a kind used for writing, printing or other graphic purposes : other: Electric insulating press board | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 48103920 ? It includes Aseptic Packaging Paper (Bleached) ### Does packaging or labelling change the GST for Insulation Boards (Homogenous)? 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. ### Do e‑way bill and e‑invoice apply for Insulation Boards (Homogenous)? 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 should mixed supplies be billed when Insulation Boards (Homogenous) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Insulation Boards (Homogenous); Nil for exempt items if applicable). ### How much GST applies to Insulation Boards (Homogenous)? Under HSN 48103920, Insulation Boards (Homogenous) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Insulation Boards (Homogenous)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 48103920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+8,300.00% YoY) — 0.0000% of India's total exports - Imports: ₹50 Cr (+29.82% YoY) — 0.0008% of India's total imports - Trade balance: −₹50 Cr (Deficit); surplus rank #10241 of 12657 HSN codes - Share of Sub-Chapter 4810: 0.03% of its exports; import side 0.67% - Rank within Sub-Chapter 4810: #11 of 22 by export value; import-side #13 ### Key metrics - Export CAGR: 74.26% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8389 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +9,866.67% in FY 2019-20 - Contribution to Sub-Ch. 4810: 0.03% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 48103920 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. 4810 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4810 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | 50.35 | 0.0014% | — | 1.07% | −50.32 | #9664 | | FY 2019-20 | 2.99 | 0.0001% | +9,866.67% | 0.14% | 18.63 | 0.0006% | −63.00% | 0.42% | −15.64 | #6469 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −99.33% | 0.00% | 33.92 | 0.0012% | +82.07% | 1.17% | −33.90 | #9824 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +4,100.00% | 0.02% | 27.88 | 0.0006% | −17.81% | 0.74% | −27.04 | #8136 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −98.81% | 0.00% | 11.02 | 0.0002% | −60.47% | 0.18% | −11.01 | #10292 | | FY 2023-24 | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | 38.83 | 0.0007% | +252.36% | 0.64% | −38.82 | #10473 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +8,300.00% | 0.03% | 50.41 | 0.0008% | +29.82% | 0.67% | −49.57 | #8389 | - CAGR (7-year): exports 74.26%/yr, imports 0.02%/yr (consistently Deficit) ## Key trade insights: HSN Code 48103920 export-import analysis ### Consistent export growth: 74.26% CAGR over 7 years India's exports under HSN Code 48103920 have grown at a compound annual rate of 74.26% over 7 fiscal years, rising from ₹0.03 Crore in FY 2018-19 to ₹0.84 Crore in FY 2024-25. ### HSN Code 48103920 ranked #8389 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 48103920 ranks #8389 out of 12657 HSN codes by total export value. Within Sub-Chapter 4810, it ranks #11 of 22. By trade surplus, it ranks #10241 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 48103920 exports The strongest single-year export movement for HSN Code 48103920 was recorded in FY 2019-20, when exports surged by 9,866.67% over the prior year. ### India records a trade deficit of ₹49.57 Crore in HSN Code 48103920 goods In FY 2024-25, India's imports of ₹50.41 Cr exceeded exports of ₹0.84 Cr, resulting in a trade deficit of ₹49.57 Crore — ranking #10241 of 12657 by surplus magnitude. ### Import growth of 0.02% CAGR signals stable import dependency for Insulation Boards (Homogenous) India's imports under HSN Code 48103920 have grown at 0.02% CAGR, reaching ₹50.41 Crore in FY 2024-25. ### HSN Code 48103920 contributes 0.03% of Sub-Chapter 4810 exports — ranked #11 Among the 22 HSN codes under Sub-Chapter 4810, HSN Code 48103920 ranks #11 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.67% share (rank #13). ## Related HSN Codes in Sub-Chapter 4810 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 48109200: Other Paper And Paperboard \| Multi-Ply](https://busy.in/hsn/hsn-48109200/) | ₹1,433 Cr | | #2 | [HSN Code 48109900: Other Paper And Paperboard \| Other](https://busy.in/hsn/hsn-48109900/) | ₹960 Cr | | #3 | [HSN Code 48101990: Paper For Writing (Other)](https://busy.in/hsn/hsn-48101990/) | ₹462 Cr | | #4 | [HSN Code 48101390: Paper For Printing (Rolls)](https://busy.in/hsn/hsn-48101390/) | ₹223 Cr | | #5 | [HSN Code 48101920: Art Paper](https://busy.in/hsn/hsn-48101920/) | ₹115 Cr | | #6 | [HSN Code 48102900: Light-Weight Coated Paper (Chemi-Mech. Pulp)](https://busy.in/hsn/hsn-48102900/) | ₹80 Cr | | #7 | [HSN Code 48101320: Art paper](https://busy.in/hsn/hsn-48101320/) | ₹28 Cr | | #8 | [HSN Code 48103990: Other Kraft Paper/Board](https://busy.in/hsn/hsn-48103990/) | ₹26 Cr | | #9 | [HSN Code 48102200: Paint/Distemper/Varnish Brushes (excl. 9603 30)](https://busy.in/hsn/hsn-48102200/) | ₹3 Cr | | #10 | [HSN Code 48101310: Imitation Art Paper](https://busy.in/hsn/hsn-48101310/) | ₹1 Cr | | #11 | HSN Code 48103920: Insulation Boards (Homogenous) (this hsn code) | < ₹1 Crore |