---
title: "HSN Code for Fabric with 5%+ Elastomeric Yarn (No Rubber) | HSN 60024000 GST Rate"
description: "Find HSN and GST Rates for 60024000 related to Fabric with 5%+ Elastomeric Yarn (No Rubber) with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-60024000/"
---

# HSN Code 60024000: Fabric with 5%+ Elastomeric Yarn (No Rubber)

- [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/)
- [Chapter 60: Knitted/Crocheted Fabrics](https://busy.in/hsn/chapter-60/)
- [Sub-chapter 6002: Knitted elastomeric fabrics](https://busy.in/hsn/sub-chapter-6002/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Containing by weight 5% or more of elastomeric yarn but not containing rubber thread | 2.5% | 2.5% | 5% | 0% |

## Frequently asked questions

### What products are classified under HSN 60024000 ?

It includes Of Cotton

### How much GST applies to Fabric with 5%+ Elastomeric Yarn (No Rubber)?

Under HSN 60024000, Fabric with 5%+ Elastomeric Yarn (No Rubber) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Fabric with 5%+ Elastomeric Yarn (No Rubber)?

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

### How should mixed supplies be billed when Fabric with 5%+ Elastomeric Yarn (No Rubber) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fabric with 5%+ Elastomeric Yarn (No Rubber); Nil for exempt items if applicable).

### Can we claim ITC on inputs used to trade Fabric with 5%+ Elastomeric Yarn (No Rubber)?

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

### Does packaging or labelling change the GST for Fabric with 5%+ Elastomeric Yarn (No Rubber)?

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.

## India's trade performance: HSN Code 60024000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹2 Cr (−36.16% YoY) — 0.0000% of India's total exports
- Imports: ₹30 Cr (+148.38% YoY) — 0.0005% of India's total imports
- Trade balance: −₹28 Cr (Deficit); surplus rank #9800 of 12657 HSN codes
- Share of Sub-Chapter 6002: 6.12% of its exports; import side 88.90%
- Rank within Sub-Chapter 6002: #2 of 2 by export value; import-side #1

### Key metrics

- Export CAGR: -21.26% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #7731 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +41.39% in FY 2021-22
- Contribution to Sub-Ch. 6002: 6.12% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 60024000

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. 6002 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6002 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 7.26 | 0.0003% | — | 13.41% | 3.16 | 0.0001% | — | 44.13% | +4.10 | #5396 |
| FY 2019-20 | 8.63 | 0.0004% | +18.87% | 25.54% | 4.33 | 0.0001% | +37.03% | 44.87% | +4.30 | #5204 |
| FY 2020-21 | 7.90 | 0.0004% | −8.46% | 20.95% | 8.44 | 0.0003% | +94.92% | 75.49% | −0.54 | #5371 |
| FY 2021-22 | 11.17 | 0.0004% | +41.39% | 27.37% | 14.86 | 0.0003% | +76.07% | 73.38% | −3.69 | #5336 |
| FY 2022-23 | 4.80 | 0.0001% | −57.03% | 15.32% | 20.10 | 0.0003% | +35.26% | 80.92% | −15.30 | #6504 |
| FY 2023-24 | 2.71 | 0.0001% | −43.54% | 12.16% | 12.03 | 0.0002% | −40.15% | 68.00% | −9.32 | #7252 |
| FY 2024-25 | 1.73 | 0.0000% | −36.16% | 6.12% | 29.88 | 0.0005% | +148.38% | 88.90% | −28.15 | #7731 |

- CAGR (7-year): exports -21.26%/yr, imports 45.42%/yr (consistently Deficit)

## Key trade insights: HSN Code 60024000 export-import analysis

### Export decline: -21.26% CAGR over 7 years

India's exports under HSN Code 60024000 have declined at a compound annual rate of -21.26% over 7 fiscal years, falling from ₹7.26 Crore in FY 2018-19 to ₹1.73 Crore in FY 2024-25.

### HSN Code 60024000 ranked #7731 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 60024000 ranks #7731 out of 12657 HSN codes by total export value. Within Sub-Chapter 6002, it ranks #2 of 2. By trade surplus, it ranks #9800 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 60024000 exports

The strongest single-year export movement for HSN Code 60024000 was recorded in FY 2021-22, when exports surged by 41.39% over the prior year.

### India records a trade deficit of ₹28.15 Crore in HSN Code 60024000 goods

In FY 2024-25, India's imports of ₹29.88 Cr exceeded exports of ₹1.73 Cr, resulting in a trade deficit of ₹28.15 Crore — ranking #9800 of 12657 by surplus magnitude.

### Import growth of 45.42% CAGR signals rising demand for Fabric with 5%+ Elastomeric Yarn (No Rubber)

India's imports under HSN Code 60024000 have grown at 45.42% CAGR, reaching ₹29.88 Crore in FY 2024-25.

### HSN Code 60024000 contributes 6.12% of Sub-Chapter 6002 exports — ranked #2

Among the 2 HSN codes under Sub-Chapter 6002, HSN Code 60024000 ranks #2 by export value — accounting for 6.12% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 88.90% share (rank #1).

## Related HSN Codes in Sub-Chapter 6002

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 60029000: Knitted or Crocheted Fabric Articles](https://busy.in/hsn/hsn-60029000/) | ₹27 Cr |
| #2 | HSN Code 60024000: Fabric with 5%+ Elastomeric Yarn (No Rubber) (this hsn code) | ₹2 Cr |