--- title: "HSN Code for Paper pulp moulded trays | HSN 48237010 GST Rate" description: "Find HSN and GST Rates for 48237010 related to Paper pulp moulded trays with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-48237010/" --- # HSN Code 48237010: Paper pulp moulded trays - [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 4823: Paperboard cut or shaped articles](https://busy.in/hsn/sub-chapter-4823/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Moulded or pressed article of paper pulp : Paper pulp moulded trays | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 48237010 ? It includes Paper Mache Articles ### Do e‑way bill and e‑invoice apply for Paper pulp moulded trays? 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 Paper pulp moulded trays? 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 Paper pulp moulded trays? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Paper pulp moulded trays is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Paper pulp moulded trays; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Paper pulp moulded trays? 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. ### How much GST applies to Paper pulp moulded trays? Under HSN 48237010, Paper pulp moulded trays attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 48237010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹128 Cr (+51.17% YoY) — 0.0035% of India's total exports - Imports: ₹136 Cr (+62.09% YoY) — 0.0022% of India's total imports - Trade balance: −₹8 Cr (Deficit); surplus rank #8888 of 12657 HSN codes - Share of Sub-Chapter 4823: 2.46% of its exports; import side 9.89% - Rank within Sub-Chapter 4823: #6 of 25 by export value; import-side #3 ### Key metrics - Export CAGR: 84.41% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2361 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +364.05% in FY 2021-22 - Contribution to Sub-Ch. 4823: 2.46% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 48237010 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. 4823 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 4823 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3.26 | 0.0001% | — | 0.14% | 1.01 | 0.0000% | — | 0.18% | +2.25 | #6376 | | FY 2019-20 | 6.55 | 0.0003% | +100.92% | 0.27% | 5.97 | 0.0002% | +491.09% | 1.09% | +0.58 | #5521 | | FY 2020-21 | 5.48 | 0.0003% | −16.34% | 0.21% | 13.35 | 0.0005% | +123.62% | 2.38% | −7.87 | #5830 | | FY 2021-22 | 25.43 | 0.0008% | +364.05% | 0.69% | 28.78 | 0.0006% | +115.58% | 3.85% | −3.35 | #4269 | | FY 2022-23 | 40.25 | 0.0011% | +58.28% | 0.91% | 50.27 | 0.0009% | +74.67% | 4.27% | −10.02 | #3762 | | FY 2023-24 | 84.81 | 0.0023% | +110.71% | 1.82% | 83.84 | 0.0015% | +66.78% | 7.36% | +0.97 | #2793 | | FY 2024-25 | 128.21 | 0.0035% | +51.17% | 2.46% | 135.90 | 0.0022% | +62.09% | 9.89% | −7.69 | #2361 | - CAGR (7-year): exports 84.41%/yr, imports 126.37%/yr (consistently Deficit) ## Key trade insights: HSN Code 48237010 export-import analysis ### Consistent export growth: 84.41% CAGR over 7 years India's exports under HSN Code 48237010 have grown at a compound annual rate of 84.41% over 7 fiscal years, rising from ₹3.26 Crore in FY 2018-19 to ₹128.21 Crore in FY 2024-25. ### HSN Code 48237010 ranked #2361 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 48237010 ranks #2361 out of 12657 HSN codes by total export value. Within Sub-Chapter 4823, it ranks #6 of 25. By trade surplus, it ranks #8888 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 48237010 exports The strongest single-year export movement for HSN Code 48237010 was recorded in FY 2021-22, when exports surged by 364.05% over the prior year. ### India records a trade deficit of ₹7.69 Crore in HSN Code 48237010 goods In FY 2024-25, India's imports of ₹135.90 Cr exceeded exports of ₹128.21 Cr, resulting in a trade deficit of ₹7.69 Crore — ranking #8888 of 12657 by surplus magnitude. ### Import growth of 126.37% CAGR signals rising demand for Paper pulp moulded trays India's imports under HSN Code 48237010 have grown at 126.37% CAGR, reaching ₹135.90 Crore in FY 2024-25. ### HSN Code 48237010 contributes 2.46% of Sub-Chapter 4823 exports — ranked #6 Among the 25 HSN codes under Sub-Chapter 4823, HSN Code 48237010 ranks #6 by export value — accounting for 2.46% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 9.89% share (rank #3). ## Related HSN Codes in Sub-Chapter 4823 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 48239019: Decorative Laminates](https://busy.in/hsn/hsn-48239019/) | ₹2,682 Cr | | #2 | [HSN Code 48239018: Braille Paper and Other Products](https://busy.in/hsn/hsn-48239018/) | ₹748 Cr | | #3 | [HSN Code 48239090: Labels, Tags and Similar Paper Products](https://busy.in/hsn/hsn-48239090/) | ₹746 Cr | | #4 | [HSN Code 48236900: Paper/Paperboard Tableware & Cups: Other](https://busy.in/hsn/hsn-48236900/) | ₹501 Cr | | #5 | [HSN Code 48239013: Packing And Wrapping Paper](https://busy.in/hsn/hsn-48239013/) | ₹170 Cr | | #6 | HSN Code 48237010: Paper pulp moulded trays (this hsn code) | ₹128 Cr | | #7 | [HSN Code 48237090: Moulded or pressed article of paper pulp :Other](https://busy.in/hsn/hsn-48237090/) | ₹86 Cr | | #8 | [HSN Code 48232000: Filter Paper & Board](https://busy.in/hsn/hsn-48232000/) | ₹40 Cr | | #9 | [HSN Code 48239014: Paper for cigarette filter tips](https://busy.in/hsn/hsn-48239014/) | ₹37 Cr | | #10 | [HSN Code 48237030: Paper Mache Articles](https://busy.in/hsn/hsn-48237030/) | ₹23 Cr |