--- title: "HSN Code for Jute Felt (Non-Machinery) | HSN 56022920 GST Rate" description: "Find HSN and GST Rates for 56022920 related to Jute Felt (Non-Machinery) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-56022920/" --- # HSN Code 56022920: Jute Felt (Non-Machinery) - [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 | | --- | --- | --- | --- | --- | | Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Of jute (including blended or union jute), other than for machinery | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 56022920 ? It includes Other | Lorries And Trucks| Refrigerated ### Do e‑way bill and e‑invoice apply for Jute Felt (Non-Machinery)? 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 Jute Felt (Non-Machinery) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Jute Felt (Non-Machinery); Nil for exempt items if applicable). ### How much GST applies to Jute Felt (Non-Machinery)? Under HSN 56022920, Jute Felt (Non-Machinery) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Jute Felt (Non-Machinery)? 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 Jute Felt (Non-Machinery)? 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 56022920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹13 Cr (+42.68% YoY) — 0.0003% of India's total exports - Imports: < ₹1 Crore (+185.71% YoY) — 0.0000% of India's total imports - Trade balance: ₹12 Cr (Surplus); surplus rank #3191 of 12657 HSN codes - Share of Sub-Chapter 5602: 9.01% of its exports; import side 0.10% - Rank within Sub-Chapter 5602: #3 of 7 by export value; import-side #7 ### Key metrics - Export CAGR: 9.96% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5505 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +136.20% in FY 2020-21 - Contribution to Sub-Ch. 5602: 9.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 56022920 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 | 7.11 | 0.0003% | — | 9.86% | < ₹1 Crore | 0.0000% | — | 0.04% | +7.06 | #5417 | | FY 2019-20 | 7.68 | 0.0003% | +8.02% | 9.43% | < ₹1 Crore | 0.0000% | −80.00% | 0.01% | +7.67 | #5335 | | FY 2020-21 | 18.14 | 0.0008% | +136.20% | 19.07% | < ₹1 Crore | 0.0000% | +600.00% | 0.07% | +18.07 | #4330 | | FY 2021-22 | 14.33 | 0.0005% | −21.00% | 11.51% | < ₹1 Crore | 0.0000% | −85.71% | 0.01% | +14.32 | #5023 | | FY 2022-23 | 7.49 | 0.0002% | −47.73% | 6.62% | Nil | 0.0000% | −100.00% | 0.00% | +7.49 | #6001 | | FY 2023-24 | 8.81 | 0.0002% | +17.62% | 6.83% | < ₹1 Crore | 0.0000% | — | 0.04% | +8.74 | #5883 | | FY 2024-25 | 12.57 | 0.0003% | +42.68% | 9.01% | < ₹1 Crore | 0.0000% | +185.71% | 0.10% | +12.37 | #5505 | - CAGR (7-year): exports 9.96%/yr, imports 25.99%/yr (consistently Surplus) ## Key trade insights: HSN Code 56022920 export-import analysis ### Consistent export growth: 9.96% CAGR over 7 years India's exports under HSN Code 56022920 have grown at a compound annual rate of 9.96% over 7 fiscal years, rising from ₹7.11 Crore in FY 2018-19 to ₹12.57 Crore in FY 2024-25. ### HSN Code 56022920 ranked #5505 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 56022920 ranks #5505 out of 12657 HSN codes by total export value. Within Sub-Chapter 5602, it ranks #3 of 7. By trade surplus, it ranks #3191 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 56022920 exports The strongest single-year export movement for HSN Code 56022920 was recorded in FY 2020-21, when exports surged by 136.20% over the prior year. ### India maintains a trade surplus of ₹12.37 Crore in HSN Code 56022920 goods In FY 2024-25, India's exports of ₹12.57 Cr exceeded imports of ₹0.20 Cr, resulting in a trade surplus of ₹12.37 Crore — ranking #3191 of 12657 by surplus magnitude. ### Import growth of 25.99% CAGR signals rising demand for Jute Felt (Non-Machinery) India's imports under HSN Code 56022920 have grown at 25.99% CAGR, reaching ₹0.20 Crore in FY 2024-25. ### HSN Code 56022920 contributes 9.01% of Sub-Chapter 5602 exports — ranked #3 Among the 7 HSN codes under Sub-Chapter 5602, HSN Code 56022920 ranks #3 by export value — accounting for 9.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #7). ## 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](https://busy.in/hsn/hsn-56021000/) | ₹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) (this hsn code) | ₹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 |