HSN Code 58062000: ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics

HSN Code 58062000 represents ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics under GST classification. This code helps businesses identify ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics correctly for billing, taxation, and trade. With HSN Code 58062000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of ≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 58062000

HSN Code 58062000 relates to the following description.

Description of Goods

Other woven fabrics, containing by weight 5% or more of elastomeric yarn or rubber thread

Chapter

58 - Special woven fabrics; tufted textile fabrics; lace; tapestries; trimmings; embroidery

Sub Chapter

5806 - Narrow woven fabrics other than goods of heading 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs)

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 58062000 not include?

≥5% Elastomeric Yarn/Rubber Thread Woven Fabrics does not include products with the following descriptions.

HSN Code 58061000

Woven pile fabrics (including terry towelling and similar terry fabrics) and chenille fabrics

HSN Code 58063930

Other woven fabrics : Of other textile materials : Other narrow fabrics of jute

HSN Code 58064000

Fabrics consisting of warp without weft assembled by means of an adhesive (bolducs)

India’s Trade Performance — HSN Code 58062000 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

₹381 Cr

+40.06% vs FY 2023-24

0.0103% of India’s total exports

India’s Imports

FY 2024-25

₹244 Cr

+19.77% vs FY 2023-24

0.0040% of India’s total imports

Trade Balance

FY 2024-25

₹136 Cr

Trade Surplus

Surplus rank #1387 of 12657 HSN codes

% of Sub-Chapter 5806

FY 2024-25

45.41%

Share of Sub-Chapter 5806’s total exports in FY 2024-25

Import side: 25.44% of Sub-Chapter 5806’s imports

Rank Within Sub-Chapter 5806

FY 2024-25

#1 of 11

Position by export value among HSN codes in Sub-Chapter 5806

Import-side rank: #2 of 11

At a glance

17.32%

Export CAGR

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

#1230

National Export Rank

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

+67.96%

Peak Growth Year

FY 2021-22 · strongest single-year move

45.41%

Contribution to Sub-Ch. 5806

Share of Sub-Chapter 5806 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1615

Balance

−77.58

Exports

145.95 ₹ Cr

0.0064% share

— YoY

51.49% of Sub-Ch. 5806

Imports

223.53 ₹ Cr

0.0062% share

— YoY

35.20% of Sub-Ch. 5806

FY 2019-20 Exp. Rank #1479

Balance

−66.57

Exports

167.49 ₹ Cr

0.0076% share

+14.76% YoY

54.82% of Sub-Ch. 5806

Imports

234.06 ₹ Cr

0.0070% share

+4.71% YoY

34.44% of Sub-Ch. 5806

FY 2020-21 Exp. Rank #1545

Balance

−0.92

Exports

168.52 ₹ Cr

0.0078% share

+0.62% YoY

54.84% of Sub-Ch. 5806

Imports

169.44 ₹ Cr

0.0058% share

−27.61% YoY

29.97% of Sub-Ch. 5806

FY 2021-22 Exp. Rank #1331

Balance

+2.64

Exports

283.05 ₹ Cr

0.0090% share

+67.96% YoY

59.08% of Sub-Ch. 5806

Imports

280.41 ₹ Cr

0.0061% share

+65.49% YoY

34.32% of Sub-Ch. 5806

FY 2022-23 Exp. Rank #1416

Balance

+2.19

Exports

273.31 ₹ Cr

0.0075% share

−3.44% YoY

50.92% of Sub-Ch. 5806

Imports

271.12 ₹ Cr

0.0047% share

−3.31% YoY

33.32% of Sub-Ch. 5806

FY 2023-24 Exp. Rank #1468

Balance

+67.68

Exports

271.75 ₹ Cr

0.0075% share

−0.57% YoY

40.91% of Sub-Ch. 5806

Imports

204.07 ₹ Cr

0.0036% share

−24.73% YoY

25.85% of Sub-Ch. 5806

FY 2024-25 Exp. Rank #1230

Balance

+136.20

Exports

380.62 ₹ Cr

0.0103% share

+40.06% YoY

45.41% of Sub-Ch. 5806

Imports

244.42 ₹ Cr

0.0040% share

+19.77% YoY

25.44% of Sub-Ch. 5806

CAGR · 7-Year

Exports

17.32% /yr

Imports

1.50% /yr

Consistently Surplus
Sub-Chapter 5806 total

reference, FY 2024-25

Export

₹838.13 Cr

Import

₹960.72 Cr

Trade Balance

−122.59

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

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).

Stop worrying about HSN & TAX compliance

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

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 58062000 and GST compliance.

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.

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.