HSN Code 57050041: Knitted Carpets

HSN Code 57050041 represents Knitted Carpets under GST classification. This code helps businesses identify Knitted Carpets correctly for billing, taxation, and trade. With HSN Code 57050041, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Knitted Carpets.

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Description of Goods for HSN Code 57050041

HSN Code 57050041 relates to the following description.

Description of Goods

Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : knitted

Chapter

57 - Carpets and other textile floor coverings

Sub Chapter

5705 - Other carpets and other textile floor coverings, whether or not made up

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 57050041 not include?

Knitted Carpets does not include products with the following descriptions.

Other carpets and other textile floor coverings, whether or not made up : Carpets : Of silk

Other carpets and other textile floor coverings, whether or not made up : Carpets : Other

Other carpets and other textile floor coverings, whether or not made up : Durries : Durries cotton

Other carpets and other textile floor coverings, whether or not made up : Durries : Durries of man-made fibres

Other carpets and other textile floor coverings, whether or not made up : Durries : Durries of wool

Other carpets and other textile floor coverings, whether or not made up : Durries : Cotton Durries of handloom (including Chindi Durries, Cotton Chenille Durries, Rag Rug Durrie, Printed Durries Druggets)

Other carpets and other textile floor coverings, whether or not made up : Durries : Other

Other carpets and other textile floor coverings, whether or not made up : Of jute : Of blended jute

Other carpets and other textile floor coverings, whether or not made up : Of jute : Of coir jute

Other carpets and other textile floor coverings, whether or not made up : Of jute : Other

Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : Mats and mattings including Bath Mats, where cotton predominates by weight, of Handloom, Cotton Rugs of Handloom

Other carpets and other textile floor coverings, whether or not made up : Carpets, carpeting, rugs, mats and mattings : Other

Other carpets and other textile floor coverings, whether or not made up : Other

India’s Trade Performance — HSN Code 57050041 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

₹330 Cr

+109.58% vs FY 2023-24

0.0090% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−49.34% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹329 Cr

Trade Surplus

Surplus rank #857 of 12657 HSN codes

% of Sub-Chapter 5705

FY 2024-25

13.34%

Share of Sub-Chapter 5705’s total exports in FY 2024-25

Import side: 1.40% of Sub-Chapter 5705’s imports

Rank Within Sub-Chapter 5705

FY 2024-25

#3 of 14

Position by export value among HSN codes in Sub-Chapter 5705

Import-side rank: #8 of 14

At a glance

22.18%

Export CAGR

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

#1348

National Export Rank

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

+109.58%

Peak Growth Year

FY 2024-25 · strongest single-year move

13.34%

Contribution to Sub-Ch. 5705

Share of Sub-Chapter 5705 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 57050041

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 #2032

Balance

+97.80

Exports

99.25 ₹ Cr

0.0043% share

YoY

4.52% of Sub-Ch. 5705

Imports

1.45 ₹ Cr

0.0000% share

YoY

2.41% of Sub-Ch. 5705

FY 2019-20 Exp. Rank #2140

Balance

+87.99

Exports

89.77 ₹ Cr

0.0041% share

−9.55% YoY

4.38% of Sub-Ch. 5705

Imports

1.78 ₹ Cr

0.0001% share

+22.76% YoY

3.99% of Sub-Ch. 5705

FY 2020-21 Exp. Rank #1590

Balance

+159.93

Exports

160.95 ₹ Cr

0.0075% share

+79.29% YoY

6.65% of Sub-Ch. 5705

Imports

1.02 ₹ Cr

0.0000% share

−42.70% YoY

2.07% of Sub-Ch. 5705

FY 2021-22 Exp. Rank #1837

Balance

+162.49

Exports

165.20 ₹ Cr

0.0053% share

+2.64% YoY

5.57% of Sub-Ch. 5705

Imports

2.71 ₹ Cr

0.0001% share

+165.69% YoY

7.37% of Sub-Ch. 5705

FY 2022-23 Exp. Rank #2537

Balance

+98.33

Exports

99.68 ₹ Cr

0.0028% share

−39.66% YoY

4.59% of Sub-Ch. 5705

Imports

1.35 ₹ Cr

0.0000% share

−50.18% YoY

3.22% of Sub-Ch. 5705

FY 2023-24 Exp. Rank #2051

Balance

+155.98

Exports

157.50 ₹ Cr

0.0044% share

+58.01% YoY

7.36% of Sub-Ch. 5705

Imports

1.52 ₹ Cr

0.0000% share

+12.59% YoY

3.02% of Sub-Ch. 5705

FY 2024-25 Exp. Rank #1348

Balance

+329.32

Exports

330.09 ₹ Cr

0.0090% share

+109.58% YoY

13.34% of Sub-Ch. 5705

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−49.34% YoY

1.40% of Sub-Ch. 5705

CAGR · 7-Year

Exports

22.18% /yr

Imports

−10.01% /yr

Consistently Surplus
Sub-Chapter 5705 total

reference, FY 2024-25

Export

₹2,475.35 Cr

Import

₹54.88 Cr

Trade Balance

+2,420.47

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

Key Trade Insights: HSN Code 57050041 Export-Import Analysis

Consistent Export Growth: 22.18% CAGR Over 7 Years

India's exports under HSN Code 57050041 have grown at a compound annual rate of 22.18% over 7 fiscal years, rising from ₹99.25 Crore in FY 2018-19 to ₹330.09 Crore in FY 2024-25.

HSN Code 57050041 Ranked #1348 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 57050041 ranks #1348 out of 12657 HSN codes by total export value. Within Sub-Chapter 5705, it ranks #3 of 14. By trade surplus, it ranks #857 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 57050041 Exports

The strongest single-year export movement for HSN Code 57050041 was recorded in FY 2024-25, when exports surged by 109.58% over the prior year.

India Maintains a Trade Surplus of ₹329.32 Crore in HSN Code 57050041 Goods

In FY 2024-25, India's exports of ₹330.09 Cr exceeded imports of ₹0.77 Cr, resulting in a trade surplus of ₹329.32 Crore — ranking #857 of 12657 by surplus magnitude.

Import Growth of −10.01% CAGR Signals Stable Import Dependency for Knitted Carpets

India's imports under HSN Code 57050041 have grown at −10.01% CAGR, reaching ₹0.77 Crore in FY 2024-25.

HSN Code 57050041 Contributes 13.34% of Sub-Chapter 5705 Exports — Ranked #3

Among the 14 HSN codes under Sub-Chapter 5705, HSN Code 57050041 ranks #3 by export value — accounting for 13.34% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.40% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 57050041 and GST compliance.

What products are classified under HSN 57050041 ?

It includes Other Carpets and Textile Floor Coverings, Made or Not

Does packaging or labelling change the GST for Knitted 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.

How should mixed supplies be billed when Knitted Carpets is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Knitted Carpets; Nil for exempt items if applicable).

Any common misclassification issue with Knitted Carpets?

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 Knitted Carpets?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Knitted Carpets?

Under HSN 57050041, Knitted Carpets attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.