HSN Code 60062300: Cotton – Yarns of different colours
HSN Code 60062300 represents Cotton – Yarns of different colours under GST classification. This code helps businesses identify Cotton – Yarns of different colours correctly for billing, taxation, and trade. With HSN Code 60062300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cotton – Yarns of different colours.
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Description of Goods for HSN Code 60062300
HSN Code 60062300 relates to the following description.
What does HSN Code 60062300 not include?
Cotton – Yarns of different colours does not include products with the following descriptions.
Of wool or fine animal hair
Of Cotton : Unbleached or bleached
Of Cotton : Dyed
Of Cotton : Printed
Of synthetic fibres : Unbleached or bleached
Of synthetic fibres : Dyed
Of synthetic fibres : Of yarns of different colours
Of synthetic fibres : Printed
Of artificial fibres : Unbleached or bleached
Of artificial fibres : Dyed
Of artificial fibres : Of yarns of different colours
Of artificial fibres : Printed
Of artificial fibres : Other
Of wool or fine animal hair
Of Cotton : Unbleached or bleached
Of Cotton : Dyed
Of Cotton : Printed
Of synthetic fibres : Unbleached or bleached
Of synthetic fibres : Dyed
Of synthetic fibres : Of yarns of different colours
Of synthetic fibres : Printed
Of artificial fibres : Unbleached or bleached
Of artificial fibres : Dyed
Of artificial fibres : Of yarns of different colours
Of artificial fibres : Printed
Of artificial fibres : Other
India’s Trade Performance — HSN Code 60062300 in FY 2024-25
India’s Exports
FY 2024-25₹60 Cr
0.0016% of India’s total exports
India’s Imports
FY 2024-25₹180 Cr
0.0030% of India’s total imports
Trade Balance
FY 2024-25−₹120 Cr
Surplus rank #10936 of 12657 HSN codes
% of Sub-Chapter 6006
FY 2024-251.73%
Share of Sub-Chapter 6006’s total exports in FY 2024-25
Import side: 5.09% of Sub-Chapter 6006’s imports
Rank Within Sub-Chapter 6006
FY 2024-25#6 of 14
Position by export value among HSN codes in Sub-Chapter 6006
Import-side rank: #6 of 14
At a glance
7.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3359
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+268.73%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.73%
Contribution to Sub-Ch. 6006
Share of Sub-Chapter 6006 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 60062300
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+9.25
Exports
38.87 ₹ Cr
0.0017% share
— YoY
1.77% of Sub-Ch. 6006
Imports
29.62 ₹ Cr
0.0008% share
— YoY
1.31% of Sub-Ch. 6006
Balance
−6.95
Exports
18.83 ₹ Cr
0.0009% share
−51.56% YoY
0.97% of Sub-Ch. 6006
Imports
25.78 ₹ Cr
0.0008% share
−12.96% YoY
1.06% of Sub-Ch. 6006
Balance
−5.27
Exports
19.22 ₹ Cr
0.0009% share
+2.07% YoY
0.74% of Sub-Ch. 6006
Imports
24.49 ₹ Cr
0.0008% share
−5.00% YoY
1.05% of Sub-Ch. 6006
Balance
+42.79
Exports
70.87 ₹ Cr
0.0023% share
+268.73% YoY
1.56% of Sub-Ch. 6006
Imports
28.08 ₹ Cr
0.0006% share
+14.66% YoY
0.93% of Sub-Ch. 6006
Balance
−3.06
Exports
56.29 ₹ Cr
0.0016% share
−20.57% YoY
1.75% of Sub-Ch. 6006
Imports
59.35 ₹ Cr
0.0010% share
+111.36% YoY
1.68% of Sub-Ch. 6006
Balance
+6.42
Exports
59.39 ₹ Cr
0.0016% share
+5.51% YoY
2.10% of Sub-Ch. 6006
Imports
52.97 ₹ Cr
0.0009% share
−10.75% YoY
1.47% of Sub-Ch. 6006
Balance
−119.70
Exports
60.41 ₹ Cr
0.0016% share
+1.72% YoY
1.73% of Sub-Ch. 6006
Imports
180.11 ₹ Cr
0.0030% share
+240.02% YoY
5.09% of Sub-Ch. 6006
CAGR · 7-Year
Exports
7.63% /yr
Imports
35.10% /yr
reference, FY 2024-25
Export
₹3,500.33 Cr
Import
₹3,540.14 Cr
Trade Balance
−39.81
Key Trade Insights: HSN Code 60062300 Export-Import Analysis
Consistent Export Growth: 7.63% CAGR Over 7 Years
India's exports under HSN Code 60062300 have grown at a compound annual rate of 7.63% over 7 fiscal years, rising from ₹38.87 Crore in FY 2018-19 to ₹60.41 Crore in FY 2024-25.
HSN Code 60062300 Ranked #3359 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 60062300 ranks #3359 out of 12657 HSN codes by total export value. Within Sub-Chapter 6006, it ranks #6 of 14. By trade surplus, it ranks #10936 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 60062300 Exports
The strongest single-year export movement for HSN Code 60062300 was recorded in FY 2021-22, when exports surged by 268.73% over the prior year.
India Records a Trade Deficit of ₹119.70 Crore in HSN Code 60062300 Goods
In FY 2024-25, India's imports of ₹180.11 Cr exceeded exports of ₹60.41 Cr, resulting in a trade deficit of ₹119.70 Crore — ranking #10936 of 12657 by surplus magnitude.
Import Growth of 35.10% CAGR Signals Rising Demand for Cotton – Yarns of different colours
India's imports under HSN Code 60062300 have grown at 35.10% CAGR, reaching ₹180.11 Crore in FY 2024-25.
HSN Code 60062300 Contributes 1.73% of Sub-Chapter 6006 Exports — Ranked #6
Among the 14 HSN codes under Sub-Chapter 6006, HSN Code 60062300 ranks #6 by export value — accounting for 1.73% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.09% share (rank #6).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 60062300 and GST compliance.
What products are classified under HSN 60062300 ?
It includes Of Synthetic Fibres | Dyed
Any common misclassification issue with Cotton – Yarns of different colours?
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 Cotton – Yarns of different colours?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Does packaging or labelling change the GST for Cotton – Yarns of different colours?
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.
How should mixed supplies be billed when Cotton – Yarns of different colours is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cotton – Yarns of different colours; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Cotton – Yarns of different colours?
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.