HSN Code 56022990 represents Other Non-Impregnated/Coated/Laminated Felt (Other Textile Materials) under GST classification. This code helps businesses identify Other Non-Impregnated/Coated/Laminated Felt (Other Textile Materials) correctly for billing, taxation, and trade. With HSN Code 56022990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Non-Impregnated/Coated/Laminated Felt (Other Textile Materials).
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HSN Code 56022990 relates to the following description.
Description of Goods
Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Other
Chapter
56 - Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof
Sub Chapter
5602 - Felt, whether or not impregnated, coated, covered or laminated
CGST
6%
SGST
6%
IGST
12%
CESS
0%
Other Non-Impregnated/Coated/Laminated Felt (Other Textile Materials) does not include products with the following descriptions.
Needleloom felt and stitch-bonded fibre fabrics
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 : Of Rubberised coir, needled felt
Other : Other
Needleloom felt and stitch-bonded fibre fabrics
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 : Of Rubberised coir, needled felt
Other : Other
India’s Exports
FY 2024-25₹5 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹47 Cr
0.0008% of India’s total imports
Trade Balance
FY 2024-25−₹42 Cr
Surplus rank #10115 of 12657 HSN codes
% of Sub-Chapter 5602
FY 2024-253.38%
Share of Sub-Chapter 5602’s total exports in FY 2024-25
Import side: 24.32% of Sub-Chapter 5602’s imports
Rank Within Sub-Chapter 5602
FY 2024-25#6 of 7
Position by export value among HSN codes in Sub-Chapter 5602
Import-side rank: #2 of 7
At a glance
16.03%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6683
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+163.13%
Peak Growth Year
FY 2024-25 · strongest single-year move
3.38%
Contribution to Sub-Ch. 5602
Share of Sub-Chapter 5602 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−16.83
Exports
1.93 ₹ Cr
0.0001% share
— YoY
2.68% of Sub-Ch. 5602
Imports
18.76 ₹ Cr
0.0005% share
— YoY
15.97% of Sub-Ch. 5602
Balance
−19.77
Exports
1.17 ₹ Cr
0.0001% share
−39.38% YoY
1.44% of Sub-Ch. 5602
Imports
20.94 ₹ Cr
0.0006% share
+11.62% YoY
19.44% of Sub-Ch. 5602
Balance
−17.68
Exports
1.51 ₹ Cr
0.0001% share
+29.06% YoY
1.59% of Sub-Ch. 5602
Imports
19.19 ₹ Cr
0.0007% share
−8.36% YoY
19.32% of Sub-Ch. 5602
Balance
−26.27
Exports
2.14 ₹ Cr
0.0001% share
+41.72% YoY
1.72% of Sub-Ch. 5602
Imports
28.41 ₹ Cr
0.0006% share
+48.05% YoY
19.02% of Sub-Ch. 5602
Balance
−36.84
Exports
1.71 ₹ Cr
0.0000% share
−20.09% YoY
1.51% of Sub-Ch. 5602
Imports
38.55 ₹ Cr
0.0007% share
+35.69% YoY
22.43% of Sub-Ch. 5602
Balance
−30.68
Exports
1.79 ₹ Cr
0.0000% share
+4.68% YoY
1.39% of Sub-Ch. 5602
Imports
32.47 ₹ Cr
0.0006% share
−15.77% YoY
19.31% of Sub-Ch. 5602
Balance
−42.18
Exports
4.71 ₹ Cr
0.0001% share
+163.13% YoY
3.38% of Sub-Ch. 5602
Imports
46.89 ₹ Cr
0.0008% share
+44.41% YoY
24.32% of Sub-Ch. 5602
CAGR · 7-Year
Exports
16.03% /yr
Imports
16.50% /yr
reference, FY 2024-25
Export
₹139.45 Cr
Import
₹192.83 Cr
Trade Balance
−53.38
India's exports under HSN Code 56022990 have grown at a compound annual rate of 16.03% over 7 fiscal years, rising from ₹1.93 Crore in FY 2018-19 to ₹4.71 Crore in FY 2024-25.
In FY 2024-25, HSN Code 56022990 ranks #6683 out of 12657 HSN codes by total export value. Within Sub-Chapter 5602, it ranks #6 of 7. By trade surplus, it ranks #10115 of 12657.
The strongest single-year export movement for HSN Code 56022990 was recorded in FY 2024-25, when exports surged by 163.13% over the prior year.
In FY 2024-25, India's imports of ₹46.89 Cr exceeded exports of ₹4.71 Cr, resulting in a trade deficit of ₹42.18 Crore — ranking #10115 of 12657 by surplus magnitude.
India's imports under HSN Code 56022990 have grown at 16.50% CAGR, reaching ₹46.89 Crore in FY 2024-25.
Among the 7 HSN codes under Sub-Chapter 5602, HSN Code 56022990 ranks #6 by export value — accounting for 3.38% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 24.32% share (rank #2).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 56022990 and GST compliance.
It includes Felt, with or without coating or lamination | Other
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Non-Impregnated/Coated/Laminated Felt (Other Textile Materials); Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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.
Under HSN 56022990, Other Non-Impregnated/Coated/Laminated Felt (Other Textile Materials) attracts Varies when sold in taxable form. Describe the exact form on the invoice.