--- title: "HSN Code for Silk Carpets/Floor Coverings (Non-Made Up) | HSN 57023920 GST Rate" description: "Find HSN and GST Rates for 57023920 related to Silk Carpets/Floor Coverings (Non-Made Up) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-57023920/" --- # HSN Code 57023920: Silk Carpets/Floor Coverings (Non-Made Up) - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 57: Carpets and Other Textile Floor Coverings](https://busy.in/hsn/chapter-57/) - [Sub-chapter 5702: Woven textile floor coverings](https://busy.in/hsn/sub-chapter-5702/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other, of pile construction, not made up : Of other textile materials : Carpets and other floor coverings, of silk | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 57023920 ? It includes Made Up Wool Mats/Matting (Pile) ### Do e‑way bill and e‑invoice apply for Silk Carpets/Floor Coverings (Non-Made Up)? 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. ### Can we claim ITC on inputs used to trade Silk Carpets/Floor Coverings (Non-Made Up)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Silk Carpets/Floor Coverings (Non-Made Up)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Silk Carpets/Floor Coverings (Non-Made Up)? Under HSN 57023920, Silk Carpets/Floor Coverings (Non-Made Up) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Silk Carpets/Floor Coverings (Non-Made Up) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Silk Carpets/Floor Coverings (Non-Made Up); Nil for exempt items if applicable). ## India's trade performance: HSN Code 57023920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹96 Cr (+4.36% YoY) — 0.0026% of India's total exports - Imports: < ₹1 Crore (−51.16% YoY) — 0.0000% of India's total imports - Trade balance: ₹96 Cr (Surplus); surplus rank #1634 of 12657 HSN codes - Share of Sub-Chapter 5702: 1.57% of its exports; import side 0.10% - Rank within Sub-Chapter 5702: #16 of 56 by export value; import-side #22 ### Key metrics - Export CAGR: -2.43% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2713 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +28.32% in FY 2019-20 - Contribution to Sub-Ch. 5702: 1.57% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 57023920 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. 5702 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5702 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 110.98 | 0.0049% | — | 2.80% | < ₹1 Crore | 0.0000% | — | 0.01% | +110.97 | #1899 | | FY 2019-20 | 142.41 | 0.0065% | +28.32% | 3.65% | < ₹1 Crore | 0.0000% | +2,600.00% | 0.25% | +142.14 | #1627 | | FY 2020-21 | 103.84 | 0.0048% | −27.08% | 2.19% | Nil | 0.0000% | −100.00% | 0.00% | +103.84 | #2024 | | FY 2021-22 | 76.80 | 0.0024% | −26.04% | 1.31% | < ₹1 Crore | 0.0000% | — | 0.01% | +76.79 | #2760 | | FY 2022-23 | 88.66 | 0.0024% | +15.44% | 1.73% | < ₹1 Crore | 0.0000% | +100.00% | 0.01% | +88.64 | #2707 | | FY 2023-24 | 91.74 | 0.0025% | +3.47% | 1.71% | < ₹1 Crore | 0.0000% | +2,050.00% | 0.23% | +91.31 | #2695 | | FY 2024-25 | 95.74 | 0.0026% | +4.36% | 1.57% | < ₹1 Crore | 0.0000% | −51.16% | 0.10% | +95.53 | #2713 | - CAGR (7-year): exports -2.43%/yr, imports 66.10%/yr (consistently Surplus) ## Key trade insights: HSN Code 57023920 export-import analysis ### Export decline: -2.43% CAGR over 7 years India's exports under HSN Code 57023920 have declined at a compound annual rate of -2.43% over 7 fiscal years, falling from ₹110.98 Crore in FY 2018-19 to ₹95.74 Crore in FY 2024-25. ### HSN Code 57023920 ranked #2713 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 57023920 ranks #2713 out of 12657 HSN codes by total export value. Within Sub-Chapter 5702, it ranks #16 of 56. By trade surplus, it ranks #1634 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 57023920 exports The strongest single-year export movement for HSN Code 57023920 was recorded in FY 2019-20, when exports surged by 28.32% over the prior year. ### India maintains a trade surplus of ₹95.53 Crore in HSN Code 57023920 goods In FY 2024-25, India's exports of ₹95.74 Cr exceeded imports of ₹0.21 Cr, resulting in a trade surplus of ₹95.53 Crore — ranking #1634 of 12657 by surplus magnitude. ### Import growth of 66.10% CAGR signals rising demand for Silk Carpets/Floor Coverings (Non-Made Up) India's imports under HSN Code 57023920 have grown at 66.10% CAGR, reaching ₹0.21 Crore in FY 2024-25. ### HSN Code 57023920 contributes 1.57% of Sub-Chapter 5702 exports — ranked #16 Among the 56 HSN codes under Sub-Chapter 5702, HSN Code 57023920 ranks #16 by export value — accounting for 1.57% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #22). ## Related HSN Codes in Sub-Chapter 5702 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 57023110: Non-Made Up Wool Carpets (Pile)](https://busy.in/hsn/hsn-57023110/) | ₹1,394 Cr | | #2 | [HSN Code 57023210: Man-Made Textile Carpets (Non-Made Up)](https://busy.in/hsn/hsn-57023210/) | ₹855 Cr | | #3 | [HSN Code 57029910: Cotton Carpets/Floor Coverings (Non-Pile)](https://busy.in/hsn/hsn-57029910/) | ₹401 Cr | | #4 | [HSN Code 57029990: Other Made Up Fabrics: Non-Pile Construction - Other Textiles](https://busy.in/hsn/hsn-57029990/) | ₹387 Cr | | #5 | [HSN Code 57024910: Cotton Carpets/Floor Coverings (Pile)](https://busy.in/hsn/hsn-57024910/) | ₹354 Cr | | #6 | [HSN Code 57024210: Made Up Carpets/Rugs (Pile, Man-Made)](https://busy.in/hsn/hsn-57024210/) | ₹331 Cr | | #7 | [HSN Code 57023140: Wool/Fine Animal Hair Carpets and Rugs (Not Made Up)](https://busy.in/hsn/hsn-57023140/) | ₹323 Cr | | #8 | [HSN Code 57029210: Man-Made Textile Carpets and Rugs (Made Up)](https://busy.in/hsn/hsn-57029210/) | ₹304 Cr | | #9 | [HSN Code 57024110: Wool Carpets: Made-up, Pile Construction, Wool or Fine Animal Hair](https://busy.in/hsn/hsn-57024110/) | ₹225 Cr | | #10 | [HSN Code 57024230: Handloom Man-Made Textile Carpets and Rugs](https://busy.in/hsn/hsn-57024230/) | ₹207 Cr | | #16 | HSN Code 57023920: Silk Carpets/Floor Coverings (Non-Made Up) (this hsn code) | ₹96 Cr |