--- title: "HSN Code for Of Synthetic Fibres | HSN 61032300 GST Rate" description: "Find HSN and GST Rates for 61032300 related to Of Synthetic Fibres with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-61032300/" --- # HSN Code 61032300: 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 6103: Men’s Suits & Jackets](https://busy.in/hsn/sub-chapter-6103/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of synthetic fibres (sale value not exceeding Rs. 1000 per piece) | 2.5% | 2.5% | 5% | 0% | | Of synthetic fibres | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 61032300 ? It includes Of Other Textile Materials | Other ### Any common misclassification issue with 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. ### How should mixed supplies be billed when 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 Synthetic Fibres; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for 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 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 Synthetic Fibres? Under HSN 61032300, Of Synthetic Fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 61032300 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹93 Cr (−29.06% YoY) — 0.0025% of India's total exports - Imports: ₹3 Cr (+140.63% YoY) — 0.0001% of India's total imports - Trade balance: ₹90 Cr (Surplus); surplus rank #1684 of 12657 HSN codes - Share of Sub-Chapter 6103: 2.88% of its exports; import side 0.64% - Rank within Sub-Chapter 6103: #8 of 28 by export value; import-side #8 ### Key metrics - Export CAGR: -25.37% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2757 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +49.41% in FY 2020-21 - Contribution to Sub-Ch. 6103: 2.88% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 61032300 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. 6103 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6103 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 536.35 | 0.0235% | — | 14.76% | < ₹1 Crore | 0.0000% | — | 0.05% | +536.21 | #612 | | FY 2019-20 | 300.15 | 0.0136% | −44.04% | 9.22% | < ₹1 Crore | 0.0000% | +107.14% | 0.10% | +299.86 | #984 | | FY 2020-21 | 448.46 | 0.0209% | +49.41% | 12.64% | 1.15 | 0.0000% | +296.55% | 0.51% | +447.31 | #748 | | FY 2021-22 | 451.18 | 0.0144% | +0.61% | 10.18% | < ₹1 Crore | 0.0000% | −63.48% | 0.10% | +450.76 | #936 | | FY 2022-23 | 147.66 | 0.0041% | −67.27% | 4.23% | < ₹1 Crore | 0.0000% | +126.19% | 0.17% | +146.71 | #2069 | | FY 2023-24 | 130.66 | 0.0036% | −11.51% | 4.80% | 1.28 | 0.0000% | +34.74% | 0.29% | +129.38 | #2263 | | FY 2024-25 | 92.69 | 0.0025% | −29.06% | 2.88% | 3.08 | 0.0001% | +140.63% | 0.64% | +89.61 | #2757 | - CAGR (7-year): exports -25.37%/yr, imports 67.39%/yr (consistently Surplus) ## Key trade insights: HSN Code 61032300 export-import analysis ### Export decline: -25.37% CAGR over 7 years India's exports under HSN Code 61032300 have declined at a compound annual rate of -25.37% over 7 fiscal years, falling from ₹536.35 Crore in FY 2018-19 to ₹92.69 Crore in FY 2024-25. ### HSN Code 61032300 ranked #2757 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 61032300 ranks #2757 out of 12657 HSN codes by total export value. Within Sub-Chapter 6103, it ranks #8 of 28. By trade surplus, it ranks #1684 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 61032300 exports The strongest single-year export movement for HSN Code 61032300 was recorded in FY 2020-21, when exports surged by 49.41% over the prior year. ### India maintains a trade surplus of ₹89.61 Crore in HSN Code 61032300 goods In FY 2024-25, India's exports of ₹92.69 Cr exceeded imports of ₹3.08 Cr, resulting in a trade surplus of ₹89.61 Crore — ranking #1684 of 12657 by surplus magnitude. ### Import growth of 67.39% CAGR signals rising demand for Of Synthetic Fibres India's imports under HSN Code 61032300 have grown at 67.39% CAGR, reaching ₹3.08 Crore in FY 2024-25. ### HSN Code 61032300 contributes 2.88% of Sub-Chapter 6103 exports — ranked #8 Among the 28 HSN codes under Sub-Chapter 6103, HSN Code 61032300 ranks #8 by export value — accounting for 2.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.64% share (rank #8). ## Related HSN Codes in Sub-Chapter 6103 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 61034200: Cotton trousers](https://busy.in/hsn/hsn-61034200/) | ₹996 Cr | | #2 | [HSN Code 61034990: Of Other Textile Materials \| Other](https://busy.in/hsn/hsn-61034990/) | ₹966 Cr | | #3 | [HSN Code 61034300: Trousers & Overalls of Synthetic Fibres: Sale Value ≤ Rs. 1000](https://busy.in/hsn/hsn-61034300/) | ₹247 Cr | | #4 | [HSN Code 61033300: Jackets/Blazers\| Synthetic Fibres](https://busy.in/hsn/hsn-61033300/) | ₹242 Cr | | #5 | [HSN Code 61033990: Of Other Textile Materials \| Other](https://busy.in/hsn/hsn-61033990/) | ₹151 Cr | | #6 | [HSN Code 61031020: Suits : Of cotton](https://busy.in/hsn/hsn-61031020/) | ₹137 Cr | | #7 | [HSN Code 61032200: Of cotton](https://busy.in/hsn/hsn-61032200/) | ₹104 Cr | | #8 | HSN Code 61032300: Of Synthetic Fibres (this hsn code) | ₹93 Cr | | #9 | [HSN Code 61032990: Of Other Textile Materials \| Other](https://busy.in/hsn/hsn-61032990/) | ₹88 Cr | | #10 | [HSN Code 61031090: Suits \| Other](https://busy.in/hsn/hsn-61031090/) | ₹87 Cr |