--- title: "HSN Code for Of other textile materials: Of artificial fibres | HSN 61032920 GST Rate" description: "Find HSN and GST Rates for 61032920 related to Of other textile materials: Of artificial fibres with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-61032920/" --- # HSN Code 61032920: Of other textile materials: Of artificial 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 other textile materials : Of artificial fibres (sale value not exceeding Rs. 1000 per piece) | 2.5% | 2.5% | 5% | 0% | | Of other textile materials : Of artificial fibres | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 61032920 ? It includes Jackets and blazers : Of cotton ### Any common misclassification issue with Of other textile materials: Of artificial fibres? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Of other textile materials: Of artificial 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 should mixed supplies be billed when Of other textile materials: Of artificial fibres is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of other textile materials: Of artificial fibres; Nil for exempt items if applicable). ### How much GST applies to Of other textile materials: Of artificial fibres? Under HSN 61032920, Of other textile materials: Of artificial fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Of other textile materials: Of artificial 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. ### Can we claim ITC on inputs used to trade Of other textile materials: Of artificial fibres? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 61032920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+127.87% YoY) — 0.0000% of India's total exports - Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹1 Cr (Surplus); surplus rank #4379 of 12657 HSN codes - Share of Sub-Chapter 6103: 0.04% of its exports; import side 0.00% - Rank within Sub-Chapter 6103: #17 of 28 by export value ### Key metrics - Export CAGR: -8.76% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7941 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +127.87% in FY 2024-25 - Contribution to Sub-Ch. 6103: 0.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 61032920 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 | 2.41 | 0.0001% | — | 0.07% | Nil | 0.0000% | — | 0.00% | +2.41 | #6744 | | FY 2019-20 | 2.69 | 0.0001% | +11.62% | 0.08% | < ₹1 Crore | 0.0000% | — | 0.00% | +2.68 | #6612 | | FY 2020-21 | 3.71 | 0.0002% | +37.92% | 0.10% | Nil | 0.0000% | −100.00% | 0.00% | +3.71 | #6286 | | FY 2021-22 | 2.70 | 0.0001% | −27.22% | 0.06% | Nil | 0.0000% | — | 0.00% | +2.70 | #7007 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −85.93% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.38 | #8901 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +60.53% | 0.02% | < ₹1 Crore | 0.0000% | — | 0.01% | +0.56 | #8644 | | FY 2024-25 | 1.39 | 0.0000% | +127.87% | 0.04% | Nil | 0.0000% | −100.00% | 0.00% | +1.39 | #7941 | - CAGR (7-year): exports -8.76%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 61032920 export-import analysis ### Export decline: -8.76% CAGR over 7 years India's exports under HSN Code 61032920 have declined at a compound annual rate of -8.76% over 7 fiscal years, falling from ₹2.41 Crore in FY 2018-19 to ₹1.39 Crore in FY 2024-25. ### HSN Code 61032920 ranked #7941 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 61032920 ranks #7941 out of 12657 HSN codes by total export value. Within Sub-Chapter 6103, it ranks #17 of 28. By trade surplus, it ranks #4379 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 61032920 exports The strongest single-year export movement for HSN Code 61032920 was recorded in FY 2024-25, when exports surged by 127.87% over the prior year. ### India maintains a trade surplus of ₹1.39 Crore in HSN Code 61032920 goods In FY 2024-25, India's exports of ₹1.39 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹1.39 Crore — ranking #4379 of 12657 by surplus magnitude. ### HSN Code 61032920 contributes 0.04% of Sub-Chapter 6103 exports — ranked #17 Among the 28 HSN codes under Sub-Chapter 6103, HSN Code 61032920 ranks #17 by export value — accounting for 0.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## 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](https://busy.in/hsn/hsn-61032300/) | ₹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 | | #17 | HSN Code 61032920: Of other textile materials: Of artificial fibres (this hsn code) | ₹1 Cr |