HSN Code 60024000 represents Fabric with 5%+ Elastomeric Yarn (No Rubber) under GST classification. This code helps businesses identify Fabric with 5%+ Elastomeric Yarn (No Rubber) correctly for billing, taxation, and trade. With HSN Code 60024000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Fabric with 5%+ Elastomeric Yarn (No Rubber).
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HSN Code 60024000 relates to the following description.
Knitted or crocheted fabrics
Knitted or crocheted fabrics of a width not exceeding 30 cm, containing by weight 5% or more of elastomeric yarn or rubber thread, other than those of heading 6001
Containing by weight 5% or more of elastomeric yarn but not containing rubber thread
2.5%
2.5%
5%
0%
Description of Goods
Containing by weight 5% or more of elastomeric yarn but not containing rubber thread
Chapter
60 - Knitted or crocheted fabrics
Sub Chapter
6002 - Knitted or crocheted fabrics of a width not exceeding 30 cm, containing by weight 5% or more of elastomeric yarn or rubber thread, other than those of heading 6001
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Fabric with 5%+ Elastomeric Yarn (No Rubber) does not include products with the following descriptions.
Other
Other
India’s Exports
FY 2024-25₹2 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹30 Cr
0.0005% of India’s total imports
Trade Balance
FY 2024-25−₹28 Cr
Surplus rank #9800 of 12657 HSN codes
% of Sub-Chapter 6002
FY 2024-256.12%
Share of Sub-Chapter 6002’s total exports in FY 2024-25
Import side: 88.90% of Sub-Chapter 6002’s imports
Rank Within Sub-Chapter 6002
FY 2024-25#2 of 2
Position by export value among HSN codes in Sub-Chapter 6002
Import-side rank: #1 of 2
At a glance
−21.26%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7731
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+41.39%
Peak Growth Year
FY 2021-22 · strongest single-year move
6.12%
Contribution to Sub-Ch. 6002
Share of Sub-Chapter 6002 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+4.10
Exports
7.26 ₹ Cr
0.0003% share
— YoY
13.41% of Sub-Ch. 6002
Imports
3.16 ₹ Cr
0.0001% share
— YoY
44.13% of Sub-Ch. 6002
Balance
+4.30
Exports
8.63 ₹ Cr
0.0004% share
+18.87% YoY
25.54% of Sub-Ch. 6002
Imports
4.33 ₹ Cr
0.0001% share
+37.03% YoY
44.87% of Sub-Ch. 6002
Balance
−0.54
Exports
7.90 ₹ Cr
0.0004% share
−8.46% YoY
20.95% of Sub-Ch. 6002
Imports
8.44 ₹ Cr
0.0003% share
+94.92% YoY
75.49% of Sub-Ch. 6002
Balance
−3.69
Exports
11.17 ₹ Cr
0.0004% share
+41.39% YoY
27.37% of Sub-Ch. 6002
Imports
14.86 ₹ Cr
0.0003% share
+76.07% YoY
73.38% of Sub-Ch. 6002
Balance
−15.30
Exports
4.80 ₹ Cr
0.0001% share
−57.03% YoY
15.32% of Sub-Ch. 6002
Imports
20.10 ₹ Cr
0.0003% share
+35.26% YoY
80.92% of Sub-Ch. 6002
Balance
−9.32
Exports
2.71 ₹ Cr
0.0001% share
−43.54% YoY
12.16% of Sub-Ch. 6002
Imports
12.03 ₹ Cr
0.0002% share
−40.15% YoY
68.00% of Sub-Ch. 6002
Balance
−28.15
Exports
1.73 ₹ Cr
0.0000% share
−36.16% YoY
6.12% of Sub-Ch. 6002
Imports
29.88 ₹ Cr
0.0005% share
+148.38% YoY
88.90% of Sub-Ch. 6002
CAGR · 7-Year
Exports
−21.26% /yr
Imports
45.42% /yr
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.
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.
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.
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.
India's imports under HSN Code 60024000 have grown at 45.42% CAGR, reaching ₹29.88 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 60024000 and GST compliance.
It includes Of Cotton
Under HSN 60024000, Fabric with 5%+ Elastomeric Yarn (No Rubber) attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.