--- title: "HSN Code for Of Cotton | HSN 60032000 GST Rate" description: "Find HSN and GST Rates for 60032000 related to Of Cotton with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-60032000/" --- # HSN Code 60032000: Of Cotton - [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 6003: Knitted fabrics under 30 cm wide](https://busy.in/hsn/sub-chapter-6003/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of cotton | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 60032000 ? It includes Knitted or Crocheted Articles of Other Textile Fibers ### Does packaging or labelling change the GST for Of Cotton? 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. ### Do e‑way bill and e‑invoice apply for Of Cotton? 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 Of Cotton? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Of Cotton is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of Cotton; Nil for exempt items if applicable). ### How much GST applies to Of Cotton? Under HSN 60032000, Of Cotton attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Of Cotton? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 60032000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹19 Cr (+98.04% YoY) — 0.0005% of India's total exports - Imports: ₹3 Cr (+350.88% YoY) — 0.0000% of India's total imports - Trade balance: ₹17 Cr (Surplus); surplus rank #2958 of 12657 HSN codes - Share of Sub-Chapter 6003: 51.53% of its exports; import side 31.34% - Rank within Sub-Chapter 6003: #1 of 5 by export value; import-side #2 ### Key metrics - Export CAGR: 31.66% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4939 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +98.04% in FY 2024-25 - Contribution to Sub-Ch. 6003: 51.53% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 60032000 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. 6003 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6003 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3.68 | 0.0002% | — | 37.94% | < ₹1 Crore | 0.0000% | — | 4.17% | +3.52 | #6232 | | FY 2019-20 | 3.00 | 0.0001% | −18.48% | 44.05% | < ₹1 Crore | 0.0000% | +300.00% | 20.19% | +2.36 | #6467 | | FY 2020-21 | 5.17 | 0.0002% | +72.33% | 53.35% | 15.01 | 0.0005% | +2,245.31% | 68.63% | −9.84 | #5897 | | FY 2021-22 | 6.19 | 0.0002% | +19.73% | 58.78% | 8.53 | 0.0002% | −43.17% | 70.85% | −2.34 | #6093 | | FY 2022-23 | 7.99 | 0.0002% | +29.08% | 54.46% | 1.93 | 0.0000% | −77.37% | 21.93% | +6.06 | #5915 | | FY 2023-24 | 9.68 | 0.0003% | +21.15% | 37.26% | < ₹1 Crore | 0.0000% | −70.47% | 10.04% | +9.11 | #5771 | | FY 2024-25 | 19.17 | 0.0005% | +98.04% | 51.53% | 2.57 | 0.0000% | +350.88% | 31.34% | +16.60 | #4939 | - CAGR (7-year): exports 31.66%/yr, imports 58.84%/yr (consistently Surplus) ## Key trade insights: HSN Code 60032000 export-import analysis ### Consistent export growth: 31.66% CAGR over 7 years India's exports under HSN Code 60032000 have grown at a compound annual rate of 31.66% over 7 fiscal years, rising from ₹3.68 Crore in FY 2018-19 to ₹19.17 Crore in FY 2024-25. ### HSN Code 60032000 ranked #4939 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 60032000 ranks #4939 out of 12657 HSN codes by total export value. Within Sub-Chapter 6003, it ranks #1 of 5. By trade surplus, it ranks #2958 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 60032000 exports The strongest single-year export movement for HSN Code 60032000 was recorded in FY 2024-25, when exports surged by 98.04% over the prior year. ### India maintains a trade surplus of ₹16.60 Crore in HSN Code 60032000 goods In FY 2024-25, India's exports of ₹19.17 Cr exceeded imports of ₹2.57 Cr, resulting in a trade surplus of ₹16.60 Crore — ranking #2958 of 12657 by surplus magnitude. ### Import growth of 58.84% CAGR signals rising demand for Of Cotton India's imports under HSN Code 60032000 have grown at 58.84% CAGR, reaching ₹2.57 Crore in FY 2024-25. ### HSN Code 60032000 contributes 51.53% of Sub-Chapter 6003 exports — ranked #1 Among the 5 HSN codes under Sub-Chapter 6003, HSN Code 60032000 ranks #1 by export value — accounting for 51.53% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 31.34% share (rank #2). ## Related HSN Codes in Sub-Chapter 6003 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 60032000: Of Cotton (this hsn code) | ₹19 Cr | | #2 | [HSN Code 60039000: Knitted or Crocheted Articles of Other Textile Fibers](https://busy.in/hsn/hsn-60039000/) | ₹17 Cr | | #3 | [HSN Code 60033000: Of Synthetic Fibres](https://busy.in/hsn/hsn-60033000/) | ₹1 Cr | | #4 | [HSN Code 60031000: Of wool or fine animal hair](https://busy.in/hsn/hsn-60031000/) | < ₹1 Crore | | — | [HSN Code 60034000: Of Artificial Fibres](https://busy.in/hsn/hsn-60034000/) | Nil |