HSN Code 60032000: Of Cotton
HSN Code 60032000 represents Of Cotton under GST classification. This code helps businesses identify Of Cotton correctly for billing, taxation, and trade. With HSN Code 60032000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of Cotton.
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Description of Goods for HSN Code 60032000
HSN Code 60032000 relates to the following description.
What does HSN Code 60032000 not include?
Of Cotton does not include products with the following descriptions.
Of wool or fine animal hair
Of synthetic fibres
Of artificial fibres
Other
India’s Trade Performance — HSN Code 60032000 in FY 2024-25
India’s Exports
FY 2024-25₹19 Cr
0.0005% of India’s total exports
India’s Imports
FY 2024-25₹3 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹17 Cr
Surplus rank #2958 of 12657 HSN codes
% of Sub-Chapter 6003
FY 2024-2551.53%
Share of Sub-Chapter 6003’s total exports in FY 2024-25
Import side: 31.34% of Sub-Chapter 6003’s imports
Rank Within Sub-Chapter 6003
FY 2024-25#1 of 5
Position by export value among HSN codes in Sub-Chapter 6003
Import-side rank: #2 of 5
At a glance
31.66%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4939
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+98.04%
Peak Growth Year
FY 2024-25 · strongest single-year move
51.53%
Contribution to Sub-Ch. 6003
Share of Sub-Chapter 6003 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+3.52
Exports
3.68 ₹ Cr
0.0002% share
— YoY
37.94% of Sub-Ch. 6003
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
4.17% of Sub-Ch. 6003
Balance
+2.36
Exports
3.00 ₹ Cr
0.0001% share
−18.48% YoY
44.05% of Sub-Ch. 6003
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+300.00% YoY
20.19% of Sub-Ch. 6003
Balance
−9.84
Exports
5.17 ₹ Cr
0.0002% share
+72.33% YoY
53.35% of Sub-Ch. 6003
Imports
15.01 ₹ Cr
0.0005% share
+2,245.31% YoY
68.63% of Sub-Ch. 6003
Balance
−2.34
Exports
6.19 ₹ Cr
0.0002% share
+19.73% YoY
58.78% of Sub-Ch. 6003
Imports
8.53 ₹ Cr
0.0002% share
−43.17% YoY
70.85% of Sub-Ch. 6003
Balance
+6.06
Exports
7.99 ₹ Cr
0.0002% share
+29.08% YoY
54.46% of Sub-Ch. 6003
Imports
1.93 ₹ Cr
0.0000% share
−77.37% YoY
21.93% of Sub-Ch. 6003
Balance
+9.11
Exports
9.68 ₹ Cr
0.0003% share
+21.15% YoY
37.26% of Sub-Ch. 6003
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−70.47% YoY
10.04% of Sub-Ch. 6003
Balance
+16.60
Exports
19.17 ₹ Cr
0.0005% share
+98.04% YoY
51.53% of Sub-Ch. 6003
Imports
2.57 ₹ Cr
0.0000% share
+350.88% YoY
31.34% of Sub-Ch. 6003
CAGR · 7-Year
Exports
31.66% /yr
Imports
58.84% /yr
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 60032000 and GST compliance.
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.