--- title: "HSN Code for ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics | HSN 58062000 GST Rate" description: "Find HSN and GST Rates for 58062000 related to ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-58062000/" --- # HSN Code 58062000: ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 58: Special Woven Fabrics, Lace & Embroidery](https://busy.in/hsn/chapter-58/) - [Sub-chapter 5806: Narrow Woven Fabrics](https://busy.in/hsn/sub-chapter-5806/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other woven fabrics, containing by weight 5% or more of elastomeric yarn or rubber thread | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 58062000 ? It includes Other Woven Fabrics | Of Cotton ### How should mixed supplies be billed when ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics? 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 ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics? 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 ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics? 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 ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics? Under HSN 58062000, ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 58062000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹381 Cr (+40.06% YoY) — 0.0103% of India's total exports - Imports: ₹244 Cr (+19.77% YoY) — 0.0040% of India's total imports - Trade balance: ₹136 Cr (Surplus); surplus rank #1387 of 12657 HSN codes - Share of Sub-Chapter 5806: 45.41% of its exports; import side 25.44% - Rank within Sub-Chapter 5806: #1 of 11 by export value; import-side #2 ### Key metrics - Export CAGR: 17.32% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1230 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +67.96% in FY 2021-22 - Contribution to Sub-Ch. 5806: 45.41% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 58062000 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. 5806 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 5806 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 145.95 | 0.0064% | — | 51.49% | 223.53 | 0.0062% | — | 35.20% | −77.58 | #1615 | | FY 2019-20 | 167.49 | 0.0076% | +14.76% | 54.82% | 234.06 | 0.0070% | +4.71% | 34.44% | −66.57 | #1479 | | FY 2020-21 | 168.52 | 0.0078% | +0.62% | 54.84% | 169.44 | 0.0058% | −27.61% | 29.97% | −0.92 | #1545 | | FY 2021-22 | 283.05 | 0.0090% | +67.96% | 59.08% | 280.41 | 0.0061% | +65.49% | 34.32% | +2.64 | #1331 | | FY 2022-23 | 273.31 | 0.0075% | −3.44% | 50.92% | 271.12 | 0.0047% | −3.31% | 33.32% | +2.19 | #1416 | | FY 2023-24 | 271.75 | 0.0075% | −0.57% | 40.91% | 204.07 | 0.0036% | −24.73% | 25.85% | +67.68 | #1468 | | FY 2024-25 | 380.62 | 0.0103% | +40.06% | 45.41% | 244.42 | 0.0040% | +19.77% | 25.44% | +136.20 | #1230 | - CAGR (7-year): exports 17.32%/yr, imports 1.50%/yr (consistently Surplus) ## Key trade insights: HSN Code 58062000 export-import analysis ### Consistent export growth: 17.32% CAGR over 7 years India's exports under HSN Code 58062000 have grown at a compound annual rate of 17.32% over 7 fiscal years, rising from ₹145.95 Crore in FY 2018-19 to ₹380.62 Crore in FY 2024-25. ### HSN Code 58062000 ranked #1230 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 58062000 ranks #1230 out of 12657 HSN codes by total export value. Within Sub-Chapter 5806, it ranks #1 of 11. By trade surplus, it ranks #1387 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 58062000 exports The strongest single-year export movement for HSN Code 58062000 was recorded in FY 2021-22, when exports surged by 67.96% over the prior year. ### India maintains a trade surplus of ₹136.20 Crore in HSN Code 58062000 goods In FY 2024-25, India's exports of ₹380.62 Cr exceeded imports of ₹244.42 Cr, resulting in a trade surplus of ₹136.20 Crore — ranking #1387 of 12657 by surplus magnitude. ### Import growth of 1.50% CAGR signals stable import dependency for ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics India's imports under HSN Code 58062000 have grown at 1.50% CAGR, reaching ₹244.42 Crore in FY 2024-25. ### HSN Code 58062000 contributes 45.41% of Sub-Chapter 5806 exports — ranked #1 Among the 11 HSN codes under Sub-Chapter 5806, HSN Code 58062000 ranks #1 by export value — accounting for 45.41% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 25.44% share (rank #2). ## Related HSN Codes in Sub-Chapter 5806 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 58062000: ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics (this hsn code) | ₹381 Cr | | #2 | [HSN Code 58063200: Other woven fabrics : Of man-made fibres](https://busy.in/hsn/hsn-58063200/) | ₹362 Cr | | #3 | [HSN Code 58063990: Other woven fabrics, textile materials](https://busy.in/hsn/hsn-58063990/) | ₹39 Cr | | #4 | [HSN Code 58061000: Other Woven Pile/Chenille Fabrics](https://busy.in/hsn/hsn-58061000/) | ₹20 Cr | | #5 | [HSN Code 58063190: Other Woven Fabrics \| Of Cotton](https://busy.in/hsn/hsn-58063190/) | ₹14 Cr | | #6 | [HSN Code 58063920: Jute webbing: Other woven fabrics](https://busy.in/hsn/hsn-58063920/) | ₹8 Cr | | #7 | [HSN Code 58063930: Jute Narrow Fabrics: Other Woven Fabrics of Textile Materials](https://busy.in/hsn/hsn-58063930/) | ₹7 Cr | | #8 | [HSN Code 58063120: Other woven fabrics : Of cotton : Newar cotton](https://busy.in/hsn/hsn-58063120/) | ₹5 Cr | | #9 | [HSN Code 58064000: Adhesive Assembled Warp Fabrics (Bolducs)](https://busy.in/hsn/hsn-58064000/) | ₹1 Cr | | #10 | [HSN Code 58063110: Cotton typewriter ribbon cloth](https://busy.in/hsn/hsn-58063110/) | < ₹1 Crore |