HSN Code 60049000: Knitted or Crocheted Fabric Articles
HSN Code 60049000 represents Knitted or Crocheted Fabric Articles under GST classification. This code helps businesses identify Knitted or Crocheted Fabric Articles correctly for billing, taxation, and trade. With HSN Code 60049000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Knitted or Crocheted Fabric Articles.
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Description of Goods for HSN Code 60049000
HSN Code 60049000 relates to the following description.
What does HSN Code 60049000 not include?
Knitted or Crocheted Fabric Articles does not include products with the following descriptions.
Containing by weight 5% or more of elastomeric yarn but not containing rubber thread
Containing by weight 5% or more of elastomeric yarn but not containing rubber thread
India’s Trade Performance — HSN Code 60049000 in FY 2024-25
India’s Exports
FY 2024-25₹50 Cr
0.0013% of India’s total exports
India’s Imports
FY 2024-25₹359 Cr
0.0059% of India’s total imports
Trade Balance
FY 2024-25−₹310 Cr
Surplus rank #11607 of 12657 HSN codes
% of Sub-Chapter 6004
FY 2024-254.43%
Share of Sub-Chapter 6004’s total exports in FY 2024-25
Import side: 29.11% of Sub-Chapter 6004’s imports
Rank Within Sub-Chapter 6004
FY 2024-25#2 of 2
Position by export value among HSN codes in Sub-Chapter 6004
Import-side rank: #2 of 2
At a glance
14.98%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3643
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+89.37%
Peak Growth Year
FY 2019-20 · strongest single-year move
4.43%
Contribution to Sub-Ch. 6004
Share of Sub-Chapter 6004 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 60049000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−137.01
Exports
21.44 ₹ Cr
0.0009% share
— YoY
3.37% of Sub-Ch. 6004
Imports
158.45 ₹ Cr
0.0044% share
— YoY
24.43% of Sub-Ch. 6004
Balance
−46.32
Exports
40.60 ₹ Cr
0.0018% share
+89.37% YoY
4.95% of Sub-Ch. 6004
Imports
86.92 ₹ Cr
0.0026% share
−45.14% YoY
18.77% of Sub-Ch. 6004
Balance
−25.64
Exports
41.95 ₹ Cr
0.0020% share
+3.33% YoY
5.85% of Sub-Ch. 6004
Imports
67.59 ₹ Cr
0.0023% share
−22.24% YoY
16.78% of Sub-Ch. 6004
Balance
−84.35
Exports
44.41 ₹ Cr
0.0014% share
+5.86% YoY
3.87% of Sub-Ch. 6004
Imports
128.76 ₹ Cr
0.0028% share
+90.50% YoY
18.20% of Sub-Ch. 6004
Balance
−69.16
Exports
65.70 ₹ Cr
0.0018% share
+47.94% YoY
7.14% of Sub-Ch. 6004
Imports
134.86 ₹ Cr
0.0023% share
+4.74% YoY
13.74% of Sub-Ch. 6004
Balance
−54.84
Exports
74.99 ₹ Cr
0.0021% share
+14.14% YoY
9.88% of Sub-Ch. 6004
Imports
129.83 ₹ Cr
0.0023% share
−3.73% YoY
16.55% of Sub-Ch. 6004
Balance
−309.55
Exports
49.55 ₹ Cr
0.0013% share
−33.92% YoY
4.43% of Sub-Ch. 6004
Imports
359.10 ₹ Cr
0.0059% share
+176.59% YoY
29.11% of Sub-Ch. 6004
CAGR · 7-Year
Exports
14.98% /yr
Imports
14.61% /yr
reference, FY 2024-25
Export
₹1,119.47 Cr
Import
₹1,233.48 Cr
Trade Balance
−114.01
Key Trade Insights: HSN Code 60049000 Export-Import Analysis
Consistent Export Growth: 14.98% CAGR Over 7 Years
India's exports under HSN Code 60049000 have grown at a compound annual rate of 14.98% over 7 fiscal years, rising from ₹21.44 Crore in FY 2018-19 to ₹49.55 Crore in FY 2024-25.
HSN Code 60049000 Ranked #3643 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 60049000 ranks #3643 out of 12657 HSN codes by total export value. Within Sub-Chapter 6004, it ranks #2 of 2. By trade surplus, it ranks #11607 of 12657.
FY 2019-20 Was the Strongest Growth Year for HSN Code 60049000 Exports
The strongest single-year export movement for HSN Code 60049000 was recorded in FY 2019-20, when exports surged by 89.37% over the prior year.
India Records a Trade Deficit of ₹309.55 Crore in HSN Code 60049000 Goods
In FY 2024-25, India's imports of ₹359.10 Cr exceeded exports of ₹49.55 Cr, resulting in a trade deficit of ₹309.55 Crore — ranking #11607 of 12657 by surplus magnitude.
Import Growth of 14.61% CAGR Signals Rising Demand for Knitted or Crocheted Fabric Articles
India's imports under HSN Code 60049000 have grown at 14.61% CAGR, reaching ₹359.10 Crore in FY 2024-25.
HSN Code 60049000 Contributes 4.43% of Sub-Chapter 6004 Exports — Ranked #2
Among the 2 HSN codes under Sub-Chapter 6004, HSN Code 60049000 ranks #2 by export value — accounting for 4.43% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 29.11% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 60049000 and GST compliance.
What products are classified under HSN 60049000 ?
It includes Of cotton : Of yarns of different colours
Do e‑way bill and e‑invoice apply for Knitted or Crocheted Fabric Articles?
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 much GST applies to Knitted or Crocheted Fabric Articles?
Under HSN 60049000, Knitted or Crocheted Fabric Articles attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Can we claim ITC on inputs used to trade Knitted or Crocheted Fabric Articles?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Any common misclassification issue with Knitted or Crocheted Fabric Articles?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Does packaging or labelling change the GST for Knitted or Crocheted Fabric Articles?
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.