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).
Manage correct HSN codes and GST rates with BUSY.
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
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
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).
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.