--- title: "HSN Code for Of Man-Made Fibres | Of Synthetic Fibres | HSN 61023010 GST Rate" description: "Find HSN and GST Rates for 61023010 related to Of Man-Made Fibres | Of Synthetic Fibres with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-61023010/" --- # HSN Code 61023010: Of Man-Made Fibres | Of Synthetic Fibres - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 61: Knitted Apparel & Clothing Accessories](https://busy.in/hsn/chapter-61/) - [Sub-chapter 6102: Knitted/coated women’s overcoats](https://busy.in/hsn/sub-chapter-6102/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of man-made fibres : Of synthetic fibres (sale value not exceeding Rs. 1000 per piece) | 2.5% | 2.5% | 5% | 0% | | Of man-made fibres : Of synthetic fibres | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 61023010 ? It includes Synthetic Fiber Textile Fabrics ### How should mixed supplies be billed when Of Man-Made Fibres / Of Synthetic Fibres is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of Man-Made Fibres / Of Synthetic Fibres; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Of Man-Made Fibres / Of Synthetic Fibres? 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 Of Man-Made Fibres / Of Synthetic Fibres? 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 Of Man-Made Fibres / Of Synthetic Fibres? 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 Man-Made Fibres / Of Synthetic Fibres? 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 Of Man-Made Fibres / Of Synthetic Fibres? Under HSN 61023010, Of Man-Made Fibres / Of Synthetic Fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 61023010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹16 Cr (+40.59% YoY) — 0.0004% of India's total exports - Imports: ₹60 Cr (+42.44% YoY) — 0.0010% of India's total imports - Trade balance: −₹44 Cr (Deficit); surplus rank #10153 of 12657 HSN codes - Share of Sub-Chapter 6102: 18.83% of its exports; import side 69.78% - Rank within Sub-Chapter 6102: #3 of 6 by export value; import-side #1 ### Key metrics - Export CAGR: 4.63% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5195 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +142.70% in FY 2022-23 - Contribution to Sub-Ch. 6102: 18.83% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 61023010 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. 6102 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6102 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 11.96 | 0.0005% | — | 28.61% | 13.16 | 0.0004% | — | 62.67% | −1.20 | #4781 | | FY 2019-20 | 3.02 | 0.0001% | −74.75% | 6.37% | 25.08 | 0.0007% | +90.58% | 72.03% | −22.06 | #6457 | | FY 2020-21 | 3.81 | 0.0002% | +26.16% | 6.02% | 24.83 | 0.0009% | −1.00% | 68.86% | −21.02 | #6258 | | FY 2021-22 | 4.66 | 0.0001% | +22.31% | 8.17% | 35.59 | 0.0008% | +43.33% | 73.88% | −30.93 | #6431 | | FY 2022-23 | 11.31 | 0.0003% | +142.70% | 13.15% | 49.57 | 0.0009% | +39.28% | 74.18% | −38.26 | #5463 | | FY 2023-24 | 11.16 | 0.0003% | −1.33% | 21.44% | 42.11 | 0.0007% | −15.05% | 63.98% | −30.95 | #5592 | | FY 2024-25 | 15.69 | 0.0004% | +40.59% | 18.83% | 59.98 | 0.0010% | +42.44% | 69.78% | −44.29 | #5195 | - CAGR (7-year): exports 4.63%/yr, imports 28.76%/yr (consistently Deficit) ## Key trade insights: HSN Code 61023010 export-import analysis ### Consistent export growth: 4.63% CAGR over 7 years India's exports under HSN Code 61023010 have grown at a compound annual rate of 4.63% over 7 fiscal years, rising from ₹11.96 Crore in FY 2018-19 to ₹15.69 Crore in FY 2024-25. ### HSN Code 61023010 ranked #5195 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 61023010 ranks #5195 out of 12657 HSN codes by total export value. Within Sub-Chapter 6102, it ranks #3 of 6. By trade surplus, it ranks #10153 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 61023010 exports The strongest single-year export movement for HSN Code 61023010 was recorded in FY 2022-23, when exports surged by 142.70% over the prior year. ### India records a trade deficit of ₹44.29 Crore in HSN Code 61023010 goods In FY 2024-25, India's imports of ₹59.98 Cr exceeded exports of ₹15.69 Cr, resulting in a trade deficit of ₹44.29 Crore — ranking #10153 of 12657 by surplus magnitude. ### Import growth of 28.76% CAGR signals rising demand for Of Man-Made Fibres | Of Synthetic Fibres India's imports under HSN Code 61023010 have grown at 28.76% CAGR, reaching ₹59.98 Crore in FY 2024-25. ### HSN Code 61023010 contributes 18.83% of Sub-Chapter 6102 exports — ranked #3 Among the 6 HSN codes under Sub-Chapter 6102, HSN Code 61023010 ranks #3 by export value — accounting for 18.83% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 69.78% share (rank #1). ## Related HSN Codes in Sub-Chapter 6102 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 61022000: Women’s or girls’ overcoats: Of Cotton](https://busy.in/hsn/hsn-61022000/) | ₹45 Cr | | #2 | [HSN Code 61029090: Synthetic Fiber Textile Fabrics](https://busy.in/hsn/hsn-61029090/) | ₹20 Cr | | #3 | HSN Code 61023010: Of Man-Made Fibres \| Of Synthetic Fibres (this hsn code) | ₹16 Cr | | #4 | [HSN Code 61023020: Of man-made fibres : Of artificial fibres](https://busy.in/hsn/hsn-61023020/) | ₹2 Cr | | #5 | [HSN Code 61021000: Of wool or fine animal hair](https://busy.in/hsn/hsn-61021000/) | < ₹1 Crore | | — | [HSN Code 61029010: Other \| Of Silk](https://busy.in/hsn/hsn-61029010/) | Nil |