--- title: "HSN Code for Needleloom felt and stitch-bonded fibre fabrics | HSN 56021000 GST Rate" description: "Find HSN and GST Rates for 56021000 related to Needleloom felt and stitch-bonded fibre fabrics with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-56021000/" --- # HSN Code 56021000: Needleloom felt and stitch-bonded fibre fabrics - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 56: Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof](https://busy.in/hsn/chapter-56/) - [Sub-chapter 5602: Felt, Coated Or Laminated](https://busy.in/hsn/sub-chapter-5602/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Needleloom felt and stitch-bonded fibre fabrics | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 56021000 ? It includes Felt (Non-Cotton Machinery) ### How should mixed supplies be billed when Needleloom felt and stitch-bonded fibre fabrics is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Needleloom felt and stitch-bonded fibre fabrics; Nil for exempt items if applicable). ### How much GST applies to Needleloom felt and stitch-bonded fibre fabrics? Under HSN 56021000, Needleloom felt and stitch-bonded fibre fabrics attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Needleloom felt and stitch-bonded fibre fabrics? 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. ### Does packaging or labelling change the GST for Needleloom felt and stitch-bonded fibre fabrics? 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 Needleloom felt and stitch-bonded fibre fabrics? 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 Needleloom felt and stitch-bonded fibre fabrics? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 56021000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹56 Cr (+1.87% YoY) — 0.0015% of India's total exports - Imports: ₹95 Cr (+24.25% YoY) — 0.0016% of India's total imports - Trade balance: −₹39 Cr (Deficit); surplus rank #10058 of 12657 HSN codes - Share of Sub-Chapter 5602: 40.33% of its exports; import side 49.43% - Rank within Sub-Chapter 5602: #1 of 7 by export value; import-side #1 ### Key metrics - Export CAGR: 17.35% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3461 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +128.01% in FY 2021-22 - Contribution to Sub-Ch. 5602: 40.33% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 56021000 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. 5602 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5602 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 21.54 | 0.0009% | — | 29.88% | 53.11 | 0.0015% | — | 45.20% | −31.57 | #4008 | | FY 2019-20 | 27.70 | 0.0013% | +28.60% | 34.01% | 43.43 | 0.0013% | −18.23% | 40.33% | −15.73 | #3697 | | FY 2020-21 | 22.71 | 0.0011% | −18.01% | 23.88% | 42.58 | 0.0015% | −1.96% | 42.87% | −19.87 | #4029 | | FY 2021-22 | 51.78 | 0.0016% | +128.01% | 41.60% | 63.48 | 0.0014% | +49.08% | 42.50% | −11.70 | #3318 | | FY 2022-23 | 49.41 | 0.0014% | −4.58% | 43.69% | 75.00 | 0.0013% | +18.15% | 43.64% | −25.59 | #3492 | | FY 2023-24 | 55.21 | 0.0015% | +11.74% | 42.79% | 76.71 | 0.0014% | +2.28% | 45.62% | −21.50 | #3387 | | FY 2024-25 | 56.24 | 0.0015% | +1.87% | 40.33% | 95.31 | 0.0016% | +24.25% | 49.43% | −39.07 | #3461 | - CAGR (7-year): exports 17.35%/yr, imports 10.24%/yr (consistently Deficit) ## Key trade insights: HSN Code 56021000 export-import analysis ### Consistent export growth: 17.35% CAGR over 7 years India's exports under HSN Code 56021000 have grown at a compound annual rate of 17.35% over 7 fiscal years, rising from ₹21.54 Crore in FY 2018-19 to ₹56.24 Crore in FY 2024-25. ### HSN Code 56021000 ranked #3461 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 56021000 ranks #3461 out of 12657 HSN codes by total export value. Within Sub-Chapter 5602, it ranks #1 of 7. By trade surplus, it ranks #10058 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 56021000 exports The strongest single-year export movement for HSN Code 56021000 was recorded in FY 2021-22, when exports surged by 128.01% over the prior year. ### India records a trade deficit of ₹39.07 Crore in HSN Code 56021000 goods In FY 2024-25, India's imports of ₹95.31 Cr exceeded exports of ₹56.24 Cr, resulting in a trade deficit of ₹39.07 Crore — ranking #10058 of 12657 by surplus magnitude. ### Import growth of 10.24% CAGR signals rising demand for Needleloom felt and stitch-bonded fibre fabrics India's imports under HSN Code 56021000 have grown at 10.24% CAGR, reaching ₹95.31 Crore in FY 2024-25. ### HSN Code 56021000 contributes 40.33% of Sub-Chapter 5602 exports — ranked #1 Among the 7 HSN codes under Sub-Chapter 5602, HSN Code 56021000 ranks #1 by export value — accounting for 40.33% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 49.43% share (rank #1). ## Related HSN Codes in Sub-Chapter 5602 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 56021000: Needleloom felt and stitch-bonded fibre fabrics (this hsn code) | ₹56 Cr | | #2 | [HSN Code 56022100: Wool/Fine Animal Hair Felt (Non-Impregnated)](https://busy.in/hsn/hsn-56022100/) | ₹54 Cr | | #3 | [HSN Code 56022920: Jute Felt (Non-Machinery)](https://busy.in/hsn/hsn-56022920/) | ₹13 Cr | | #4 | [HSN Code 56029090: Felt, with or without coating or lamination \| Other](https://busy.in/hsn/hsn-56029090/) | ₹6 Cr | | #5 | [HSN Code 56029010: Other \| Lorries And Trucks\| Refrigerated](https://busy.in/hsn/hsn-56029010/) | ₹6 Cr | | #6 | [HSN Code 56022990: Other Non-Impregnated/Coated/Laminated Felt (Other Textile Materials)](https://busy.in/hsn/hsn-56022990/) | ₹5 Cr | | #7 | [HSN Code 56022910: Felt (Non-Cotton Machinery)](https://busy.in/hsn/hsn-56022910/) | < ₹1 Crore |