HSN Code 57031010: Of Wool Or Fine Animal Hair | Carpets

HSN Code 57031010 represents Of Wool Or Fine Animal Hair | Carpets under GST classification. This code helps businesses identify Of Wool Or Fine Animal Hair | Carpets correctly for billing, taxation, and trade. With HSN Code 57031010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of Wool Or Fine Animal Hair | Carpets.

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Description of Goods for HSN Code 57031010

HSN Code 57031010 relates to the following description.

Description of Goods

Of wool or fine animal hair : Carpets

Chapter

57 - Carpets and other textile floor coverings

Sub Chapter

5703 - Carpets and other textile floor coverings, tufted, whether or not made up

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 57031010 not include?

Of Wool Or Fine Animal Hair | Carpets does not include products with the following descriptions.

Carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : carpets, carpeting and rugs

Carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : 100% polyamide tufted velour, cut pile or loop pile carpet mats with jute, rubber latex or pu foam backing

Carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : other

Of nylon or other polyamides : Other: 100% polyamide tufted velour, or cut pile loop pile carpet mats with jute, rubber latex or PU foam backing

Carpets and other textile floor coverings, tufted, whether or not made up - of other man - made textile materials : carpets, carpeting and rugs

Carpets and other textile floor coverings, tufted, whether or not made up - of other man - made textile materials : 100% polypropylene carpet mats with jute, rubber, latex or pu foam backing

Carpets and other textile floor coverings, tufted, whether or not made up - of other man - made textile materials : other

Of other man-made textile materials : Other: 100% polypropylene carpet mats with jute, rubber, latex or PU foam backing

Of other textile materials : Carpets and other floor coverings, of cotton, other than durries

India’s Trade Performance — HSN Code 57031010 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹1,759 Cr

+20.99% vs FY 2023-24

0.0478% of India’s total exports

India’s Imports

FY 2024-25

₹4 Cr

+10.05% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹1,755 Cr

Trade Surplus

Surplus rank #222 of 12657 HSN codes

% of Sub-Chapter 5703

FY 2024-25

27.04%

Share of Sub-Chapter 5703’s total exports in FY 2024-25

Import side: 0.37% of Sub-Chapter 5703’s imports

Rank Within Sub-Chapter 5703

FY 2024-25

#1 of 20

Position by export value among HSN codes in Sub-Chapter 5703

Import-side rank: #9 of 20

At a glance

3.83%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#319

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+20.99%

Peak Growth Year

FY 2024-25 · strongest single-year move

27.04%

Contribution to Sub-Ch. 5703

Share of Sub-Chapter 5703 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 57031010

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #231

Balance

+1,397.81

Exports

1,403.96 ₹ Cr

0.0614% share

YoY

35.63% of Sub-Ch. 5703

Imports

6.15 ₹ Cr

0.0002% share

YoY

0.94% of Sub-Ch. 5703

FY 2019-20 Exp. Rank #303

Balance

+1,062.29

Exports

1,065.64 ₹ Cr

0.0484% share

−24.10% YoY

28.93% of Sub-Ch. 5703

Imports

3.35 ₹ Cr

0.0001% share

−45.53% YoY

0.43% of Sub-Ch. 5703

FY 2020-21 Exp. Rank #291

Balance

+1,160.86

Exports

1,165.01 ₹ Cr

0.0542% share

+9.32% YoY

25.57% of Sub-Ch. 5703

Imports

4.15 ₹ Cr

0.0001% share

+23.88% YoY

0.83% of Sub-Ch. 5703

FY 2021-22 Exp. Rank #348

Balance

+1,396.01

Exports

1,399.57 ₹ Cr

0.0446% share

+20.13% YoY

25.08% of Sub-Ch. 5703

Imports

3.56 ₹ Cr

0.0001% share

−14.22% YoY

0.57% of Sub-Ch. 5703

FY 2022-23 Exp. Rank #399

Balance

+1,262.51

Exports

1,265.45 ₹ Cr

0.0350% share

−9.58% YoY

26.07% of Sub-Ch. 5703

Imports

2.94 ₹ Cr

0.0001% share

−17.42% YoY

0.29% of Sub-Ch. 5703

FY 2023-24 Exp. Rank #353

Balance

+1,449.90

Exports

1,453.88 ₹ Cr

0.0402% share

+14.89% YoY

25.98% of Sub-Ch. 5703

Imports

3.98 ₹ Cr

0.0001% share

+35.37% YoY

0.39% of Sub-Ch. 5703

FY 2024-25 Exp. Rank #319

Balance

+1,754.72

Exports

1,759.10 ₹ Cr

0.0478% share

+20.99% YoY

27.04% of Sub-Ch. 5703

Imports

4.38 ₹ Cr

0.0001% share

+10.05% YoY

0.37% of Sub-Ch. 5703

CAGR · 7-Year

Exports

3.83% /yr

Imports

−5.50% /yr

Consistently Surplus
Sub-Chapter 5703 total

reference, FY 2024-25

Export

₹6,504.37 Cr

Import

₹1,176.56 Cr

Trade Balance

+5,327.81

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 57031010 Export-Import Analysis

Consistent Export Growth: 3.83% CAGR Over 7 Years

India's exports under HSN Code 57031010 have grown at a compound annual rate of 3.83% over 7 fiscal years, rising from ₹1,403.96 Crore in FY 2018-19 to ₹1,759.10 Crore in FY 2024-25.

HSN Code 57031010 Ranked #319 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 57031010 ranks #319 out of 12657 HSN codes by total export value. Within Sub-Chapter 5703, it ranks #1 of 20. By trade surplus, it ranks #222 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 57031010 Exports

The strongest single-year export movement for HSN Code 57031010 was recorded in FY 2024-25, when exports surged by 20.99% over the prior year.

India Maintains a Trade Surplus of ₹1,754.72 Crore in HSN Code 57031010 Goods

In FY 2024-25, India's exports of ₹1,759.10 Cr exceeded imports of ₹4.38 Cr, resulting in a trade surplus of ₹1,754.72 Crore — ranking #222 of 12657 by surplus magnitude.

Import Growth of −5.50% CAGR Signals Stable Import Dependency for Of Wool Or Fine Animal Hair | Carpets

India's imports under HSN Code 57031010 have grown at −5.50% CAGR, reaching ₹4.38 Crore in FY 2024-25.

HSN Code 57031010 Contributes 27.04% of Sub-Chapter 5703 Exports — Ranked #1

Among the 20 HSN codes under Sub-Chapter 5703, HSN Code 57031010 ranks #1 by export value — accounting for 27.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.37% share (rank #9).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 57031010 and GST compliance.

What products are classified under HSN 57031010 ?

It includes Of Nylon Or Other Polyamides | Turf

How much GST applies to Of Wool Or Fine Animal Hair / Carpets?

Under HSN 57031010, Of Wool Or Fine Animal Hair / Carpets attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Of Wool Or Fine Animal Hair / Carpets is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of Wool Or Fine Animal Hair / Carpets; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Of Wool Or Fine Animal Hair / Carpets?

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 Of Wool Or Fine Animal Hair / Carpets?

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 Of Wool Or Fine Animal Hair / Carpets?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.