HSN Code 60012900: Looped pile fabrics : Of other textile materials

HSN Code 60012900 represents Looped pile fabrics : Of other textile materials under GST classification. This code helps businesses identify Looped pile fabrics : Of other textile materials correctly for billing, taxation, and trade. With HSN Code 60012900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Looped pile fabrics : Of other textile materials.

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Description of Goods for HSN Code 60012900

HSN Code 60012900 relates to the following description.

Description of Goods

Looped pile fabrics : Of other textile materials

Chapter

60 - Knitted or crocheted fabrics

Sub Chapter

6001 - Pile fabrics, including “long pile” fabrics and terry fabrics, knitted or crocheted

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 60012900 not include?

Looped pile fabrics : Of other textile materials does not include products with the following descriptions.

India’s Trade Performance — HSN Code 60012900 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 Cr

+148.89% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

+408.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹1 Cr

Trade Deficit

Surplus rank #8037 of 12657 HSN codes

% of Sub-Chapter 6001

FY 2024-25

0.97%

Share of Sub-Chapter 6001’s total exports in FY 2024-25

Import side: 0.16% of Sub-Chapter 6001’s imports

Rank Within Sub-Chapter 6001

FY 2024-25

#8 of 10

Position by export value among HSN codes in Sub-Chapter 6001

Import-side rank: #8 of 10

At a glance

−40.85%

Export CAGR

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

#8155

National Export Rank

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

+178.38%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.97%

Contribution to Sub-Ch. 6001

Share of Sub-Chapter 6001 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 60012900

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 #3748

Balance

+24.52

Exports

26.14 ₹ Cr

0.0011% share

— YoY

22.33% of Sub-Ch. 6001

Imports

1.62 ₹ Cr

0.0000% share

— YoY

0.52% of Sub-Ch. 6001

FY 2019-20 Exp. Rank #3921

Balance

+22.39

Exports

23.13 ₹ Cr

0.0011% share

−11.51% YoY

20.03% of Sub-Ch. 6001

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−54.32% YoY

0.21% of Sub-Ch. 6001

FY 2020-21 Exp. Rank #5508

Balance

+5.00

Exports

7.03 ₹ Cr

0.0003% share

−69.61% YoY

6.09% of Sub-Ch. 6001

Imports

2.03 ₹ Cr

0.0001% share

+174.32% YoY

0.65% of Sub-Ch. 6001

FY 2021-22 Exp. Rank #4634

Balance

+18.66

Exports

19.57 ₹ Cr

0.0006% share

+178.38% YoY

4.28% of Sub-Ch. 6001

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−55.17% YoY

0.18% of Sub-Ch. 6001

FY 2022-23 Exp. Rank #5804

Balance

+7.56

Exports

8.76 ₹ Cr

0.0002% share

−55.24% YoY

3.33% of Sub-Ch. 6001

Imports

1.20 ₹ Cr

0.0000% share

+31.87% YoY

0.17% of Sub-Ch. 6001

FY 2023-24 Exp. Rank #8881

Balance

−0.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−94.86% YoY

0.51% of Sub-Ch. 6001

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−58.33% YoY

0.07% of Sub-Ch. 6001

FY 2024-25 Exp. Rank #8155

Balance

−1.42

Exports

1.12 ₹ Cr

0.0000% share

+148.89% YoY

0.97% of Sub-Ch. 6001

Imports

2.54 ₹ Cr

0.0000% share

+408.00% YoY

0.16% of Sub-Ch. 6001

CAGR · 7-Year

Exports

−40.85% /yr

Imports

7.78% /yr

Consistently Deficit
Sub-Chapter 6001 total

reference, FY 2024-25

Export

₹115.99 Cr

Import

₹1,622.60 Cr

Trade Balance

−1,506.61

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

Key Trade Insights: HSN Code 60012900 Export-Import Analysis

Export Decline: −40.85% CAGR Over 7 Years

India's exports under HSN Code 60012900 have declined at a compound annual rate of −40.85% over 7 fiscal years, falling from ₹26.14 Crore in FY 2018-19 to ₹1.12 Crore in FY 2024-25.

HSN Code 60012900 Ranked #8155 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 60012900 ranks #8155 out of 12657 HSN codes by total export value. Within Sub-Chapter 6001, it ranks #8 of 10. By trade surplus, it ranks #8037 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 60012900 Exports

The strongest single-year export movement for HSN Code 60012900 was recorded in FY 2021-22, when exports surged by 178.38% over the prior year.

India Records a Trade Deficit of ₹1.42 Crore in HSN Code 60012900 Goods

In FY 2024-25, India's imports of ₹2.54 Cr exceeded exports of ₹1.12 Cr, resulting in a trade deficit of ₹1.42 Crore — ranking #8037 of 12657 by surplus magnitude.

Import Growth of 7.78% CAGR Signals Stable Import Dependency for Looped pile fabrics : Of other textile materials

India's imports under HSN Code 60012900 have grown at 7.78% CAGR, reaching ₹2.54 Crore in FY 2024-25.

HSN Code 60012900 Contributes 0.97% of Sub-Chapter 6001 Exports — Ranked #8

Among the 10 HSN codes under Sub-Chapter 6001, HSN Code 60012900 ranks #8 by export value — accounting for 0.97% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.16% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 60012900 and GST compliance.

What products are classified under HSN 60012900 ?

It includes Textile materials: Wool or fine animal hair

Do e‑way bill and e‑invoice apply for Looped pile fabrics : Of other textile materials?

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.

How much GST applies to Looped pile fabrics : Of other textile materials?

Under HSN 60012900, Looped pile fabrics : Of other textile materials attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Looped pile fabrics : Of other textile materials?

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 Looped pile fabrics : Of other textile materials is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Looped pile fabrics : Of other textile materials; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Looped pile fabrics : Of other textile materials?

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

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.