HSN Code 56021000: Needleloom felt and stitch-bonded fibre fabrics
HSN Code 56021000 represents Needleloom felt and stitch-bonded fibre fabrics under GST classification. This code helps businesses identify Needleloom felt and stitch-bonded fibre fabrics correctly for billing, taxation, and trade. With HSN Code 56021000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Needleloom felt and stitch-bonded fibre fabrics.
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Description of Goods for HSN Code 56021000
HSN Code 56021000 relates to the following description.
What does HSN Code 56021000 not include?
Needleloom felt and stitch-bonded fibre fabrics does not include products with the following descriptions.
Other felt, not impregnated, coated, covered or laminated : Of wool or fine animal hair
Other felt, not impregnated, coated, covered or laminated : Of other textile materials : For machines other than cotton machinery
Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Of jute (including blended or union jute), other than for machinery
Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Other
Other : Of Rubberised coir, needled felt
Other : Other
Other felt, not impregnated, coated, covered or laminated : Of wool or fine animal hair
Other felt, not impregnated, coated, covered or laminated : Of other textile materials : For machines other than cotton machinery
Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Of jute (including blended or union jute), other than for machinery
Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Other
Other : Of Rubberised coir, needled felt
Other : Other
India’s Trade Performance — HSN Code 56021000 in FY 2024-25
India’s Exports
FY 2024-25₹56 Cr
0.0015% of India’s total exports
India’s Imports
FY 2024-25₹95 Cr
0.0016% of India’s total imports
Trade Balance
FY 2024-25−₹39 Cr
Surplus rank #10058 of 12657 HSN codes
% of Sub-Chapter 5602
FY 2024-2540.33%
Share of Sub-Chapter 5602’s total exports in FY 2024-25
Import side: 49.43% of Sub-Chapter 5602’s imports
Rank Within Sub-Chapter 5602
FY 2024-25#1 of 7
Position by export value among HSN codes in Sub-Chapter 5602
Import-side rank: #1 of 7
At a glance
17.35%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3461
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+128.01%
Peak Growth Year
FY 2021-22 · strongest single-year move
40.33%
Contribution to Sub-Ch. 5602
Share of Sub-Chapter 5602 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−31.57
Exports
21.54 ₹ Cr
0.0009% share
— YoY
29.88% of Sub-Ch. 5602
Imports
53.11 ₹ Cr
0.0015% share
— YoY
45.20% of Sub-Ch. 5602
Balance
−15.73
Exports
27.70 ₹ Cr
0.0013% share
+28.60% YoY
34.01% of Sub-Ch. 5602
Imports
43.43 ₹ Cr
0.0013% share
−18.23% YoY
40.33% of Sub-Ch. 5602
Balance
−19.87
Exports
22.71 ₹ Cr
0.0011% share
−18.01% YoY
23.88% of Sub-Ch. 5602
Imports
42.58 ₹ Cr
0.0015% share
−1.96% YoY
42.87% of Sub-Ch. 5602
Balance
−11.70
Exports
51.78 ₹ Cr
0.0016% share
+128.01% YoY
41.60% of Sub-Ch. 5602
Imports
63.48 ₹ Cr
0.0014% share
+49.08% YoY
42.50% of Sub-Ch. 5602
Balance
−25.59
Exports
49.41 ₹ Cr
0.0014% share
−4.58% YoY
43.69% of Sub-Ch. 5602
Imports
75.00 ₹ Cr
0.0013% share
+18.15% YoY
43.64% of Sub-Ch. 5602
Balance
−21.50
Exports
55.21 ₹ Cr
0.0015% share
+11.74% YoY
42.79% of Sub-Ch. 5602
Imports
76.71 ₹ Cr
0.0014% share
+2.28% YoY
45.62% of Sub-Ch. 5602
Balance
−39.07
Exports
56.24 ₹ Cr
0.0015% share
+1.87% YoY
40.33% of Sub-Ch. 5602
Imports
95.31 ₹ Cr
0.0016% share
+24.25% YoY
49.43% of Sub-Ch. 5602
CAGR · 7-Year
Exports
17.35% /yr
Imports
10.24% /yr
reference, FY 2024-25
Export
₹139.45 Cr
Import
₹192.83 Cr
Trade Balance
−53.38
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 56021000 and GST compliance.
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.