--- title: "HSN Code for Of other textile materials: Of artificial fibres | HSN 61034920 GST Rate" description: "Find HSN and GST Rates for 61034920 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-61034920/" --- # HSN Code 61034920: 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 61034920 ? It includes Suits : Of other textile materials : Of silk ### How much GST applies to Of other textile materials: Of artificial fibres? Under HSN 61034920, Of other textile materials: Of artificial fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### 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). ### 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. ### 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. ### 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. ## India's trade performance: HSN Code 61034920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹8 Cr (+0.88% YoY) — 0.0002% of India's total exports - Imports: ₹1 Cr (−8.97% YoY) — 0.0000% of India's total imports - Trade balance: ₹7 Cr (Surplus); surplus rank #3577 of 12657 HSN codes - Share of Sub-Chapter 6103: 0.25% of its exports; import side 0.29% - Rank within Sub-Chapter 6103: #13 of 28 by export value; import-side #12 ### Key metrics - Export CAGR: 21.52% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6047 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +94.40% in FY 2019-20 - Contribution to Sub-Ch. 6103: 0.25% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 61034920 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 | 2.50 | 0.0001% | — | 0.07% | < ₹1 Crore | 0.0000% | — | 0.18% | +2.01 | #6705 | | FY 2019-20 | 4.86 | 0.0002% | +94.40% | 0.15% | 1.28 | 0.0000% | +161.22% | 0.42% | +3.58 | #5886 | | FY 2020-21 | 6.14 | 0.0003% | +26.34% | 0.17% | < ₹1 Crore | 0.0000% | −45.31% | 0.31% | +5.44 | #5676 | | FY 2021-22 | 7.84 | 0.0002% | +27.69% | 0.18% | 1.29 | 0.0000% | +84.29% | 0.30% | +6.55 | #5794 | | FY 2022-23 | 6.33 | 0.0002% | −19.26% | 0.18% | 1.82 | 0.0000% | +41.09% | 0.33% | +4.51 | #6202 | | FY 2023-24 | 7.98 | 0.0002% | +26.07% | 0.29% | 1.56 | 0.0000% | −14.29% | 0.36% | +6.42 | #6014 | | FY 2024-25 | 8.05 | 0.0002% | +0.88% | 0.25% | 1.42 | 0.0000% | −8.97% | 0.29% | +6.63 | #6047 | - CAGR (7-year): exports 21.52%/yr, imports 19.40%/yr (consistently Surplus) ## Key trade insights: HSN Code 61034920 export-import analysis ### Consistent export growth: 21.52% CAGR over 7 years India's exports under HSN Code 61034920 have grown at a compound annual rate of 21.52% over 7 fiscal years, rising from ₹2.50 Crore in FY 2018-19 to ₹8.05 Crore in FY 2024-25. ### HSN Code 61034920 ranked #6047 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 61034920 ranks #6047 out of 12657 HSN codes by total export value. Within Sub-Chapter 6103, it ranks #13 of 28. By trade surplus, it ranks #3577 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 61034920 exports The strongest single-year export movement for HSN Code 61034920 was recorded in FY 2019-20, when exports surged by 94.40% over the prior year. ### India maintains a trade surplus of ₹6.63 Crore in HSN Code 61034920 goods In FY 2024-25, India's exports of ₹8.05 Cr exceeded imports of ₹1.42 Cr, resulting in a trade surplus of ₹6.63 Crore — ranking #3577 of 12657 by surplus magnitude. ### Import growth of 19.40% CAGR signals rising demand for Of other textile materials: Of artificial fibres India's imports under HSN Code 61034920 have grown at 19.40% CAGR, reaching ₹1.42 Crore in FY 2024-25. ### HSN Code 61034920 contributes 0.25% of Sub-Chapter 6103 exports — ranked #13 Among the 28 HSN codes under Sub-Chapter 6103, HSN Code 61034920 ranks #13 by export value — accounting for 0.25% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.29% share (rank #12). ## 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 | | #13 | HSN Code 61034920: Of other textile materials: Of artificial fibres (this hsn code) | ₹8 Cr |