HSN Code 60031000: Of wool or fine animal hair
HSN Code 60031000 represents Of wool or fine animal hair under GST classification. This code helps businesses identify Of wool or fine animal hair correctly for billing, taxation, and trade. With HSN Code 60031000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of wool or fine animal hair.
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Description of Goods for HSN Code 60031000
HSN Code 60031000 relates to the following description.
What does HSN Code 60031000 not include?
Of wool or fine animal hair does not include products with the following descriptions.
Of cotton
Of synthetic fibres
Of artificial fibres
Other
India’s Trade Performance — HSN Code 60031000 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #5380 of 12657 HSN codes
% of Sub-Chapter 6003
FY 2024-250.13%
Share of Sub-Chapter 6003’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 6003’s imports
Rank Within Sub-Chapter 6003
FY 2024-25#4 of 5
Position by export value among HSN codes in Sub-Chapter 6003
At a glance
−5.45%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#10034
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+133.33%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.13%
Contribution to Sub-Ch. 6003
Share of Sub-Chapter 6003 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 60031000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+0.07
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.72% of Sub-Ch. 6003
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 6003
Balance
+0.02
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−71.43% YoY
0.29% of Sub-Ch. 6003
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 6003
Balance
0.00
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 6003
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 6003
Balance
+0.02
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.19% of Sub-Ch. 6003
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 6003
Balance
0.00
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+50.00% YoY
0.20% of Sub-Ch. 6003
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.34% of Sub-Ch. 6003
Balance
+0.04
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+133.33% YoY
0.27% of Sub-Ch. 6003
Imports
< ₹1 Crore ₹ Cr
0.0000% share
0.00% YoY
0.53% of Sub-Ch. 6003
Balance
+0.05
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−28.57% YoY
0.13% of Sub-Ch. 6003
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 6003
CAGR · 7-Year
Exports
−5.45% /yr
Imports
—
Key Trade Insights: HSN Code 60031000 Export-Import Analysis
Export Decline: −5.45% CAGR Over 7 Years
India's exports under HSN Code 60031000 have declined at a compound annual rate of −5.45% over 7 fiscal years, falling from ₹0.07 Crore in FY 2018-19 to ₹0.05 Crore in FY 2024-25.
HSN Code 60031000 Ranked #10034 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 60031000 ranks #10034 out of 12657 HSN codes by total export value. Within Sub-Chapter 6003, it ranks #4 of 5. By trade surplus, it ranks #5380 of 12657.
FY 2023-24 Was the Strongest Growth Year for HSN Code 60031000 Exports
The strongest single-year export movement for HSN Code 60031000 was recorded in FY 2023-24, when exports surged by 133.33% over the prior year.
India Maintains a Trade Surplus of ₹0.05 Crore in HSN Code 60031000 Goods
In FY 2024-25, India's exports of ₹0.05 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.05 Crore — ranking #5380 of 12657 by surplus magnitude.
HSN Code 60031000 Contributes 0.13% of Sub-Chapter 6003 Exports — Ranked #4
Among the 5 HSN codes under Sub-Chapter 6003, HSN Code 60031000 ranks #4 by export value — accounting for 0.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.
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Frequently Asked Questions
Clear answers to common queries about HSN Code 60031000 and GST compliance.
What products are classified under HSN 60031000 ?
It includes Of Artificial Fibres
Any common misclassification issue with Of wool or fine animal hair?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Can we claim ITC on inputs used to trade Of wool or fine animal hair?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Do e‑way bill and e‑invoice apply for Of wool or fine animal hair?
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 should mixed supplies be billed when Of wool or fine animal hair is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of wool or fine animal hair; Nil for exempt items if applicable).
How much GST applies to Of wool or fine animal hair?
Under HSN 60031000, Of wool or fine animal hair attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Does packaging or labelling change the GST for Of wool or fine animal hair?
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.