--- title: "HSN Code for Of man-made fibres : Of artificial fibres | HSN 61062020 GST Rate" description: "Find HSN and GST Rates for 61062020 related to Of man-made fibres : Of artificial fibres with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-61062020/" --- # HSN Code 61062020: Of man-made fibres : 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 6106: Female’s Blouses, Knitted, Crocheted](https://busy.in/hsn/sub-chapter-6106/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of man-made fibres : Of artificial fibres (sale value not exceeding Rs. 1000 per piece) | 2.5% | 2.5% | 5% | 0% | | Of man-made fibres : Of artificial fibres | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 61062020 ? It includes Of Other Textile Materials | Other ### Do e‑way bill and e‑invoice apply for Of man-made fibres : 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 much GST applies to Of man-made fibres : Of artificial fibres? Under HSN 61062020, Of man-made fibres : Of artificial fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Of man-made fibres : 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. ### Can we claim ITC on inputs used to trade Of man-made fibres : 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. ### Does packaging or labelling change the GST for Of man-made fibres : 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. ## India's trade performance: HSN Code 61062020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹9 Cr (−28.22% YoY) — 0.0003% of India's total exports - Imports: ₹46 Cr (+82.13% YoY) — 0.0008% of India's total imports - Trade balance: −₹37 Cr (Deficit); surplus rank #10010 of 12657 HSN codes - Share of Sub-Chapter 6106: 0.67% of its exports; import side 21.98% - Rank within Sub-Chapter 6106: #4 of 6 by export value; import-side #2 ### Key metrics - Export CAGR: -17.88% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5853 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +82.72% in FY 2022-23 - Contribution to Sub-Ch. 6106: 0.67% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 61062020 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. 6106 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6106 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 30.51 | 0.0013% | — | 2.68% | 39.69 | 0.0011% | — | 26.96% | −9.18 | #3553 | | FY 2019-20 | 22.16 | 0.0010% | −27.37% | 2.26% | 30.77 | 0.0009% | −22.47% | 23.90% | −8.61 | #3983 | | FY 2020-21 | 9.32 | 0.0004% | −57.94% | 1.25% | 10.60 | 0.0004% | −65.55% | 13.37% | −1.28 | #5174 | | FY 2021-22 | 11.17 | 0.0004% | +19.85% | 1.11% | 28.36 | 0.0006% | +167.55% | 19.92% | −17.19 | #5336 | | FY 2022-23 | 20.41 | 0.0006% | +82.72% | 1.71% | 32.15 | 0.0006% | +13.36% | 19.91% | −11.74 | #4640 | | FY 2023-24 | 13.04 | 0.0004% | −36.11% | 1.07% | 25.30 | 0.0005% | −21.31% | 15.70% | −12.26 | #5365 | | FY 2024-25 | 9.36 | 0.0003% | −28.22% | 0.67% | 46.08 | 0.0008% | +82.13% | 21.98% | −36.72 | #5853 | - CAGR (7-year): exports -17.88%/yr, imports 2.52%/yr (consistently Deficit) ## Key trade insights: HSN Code 61062020 export-import analysis ### Export decline: -17.88% CAGR over 7 years India's exports under HSN Code 61062020 have declined at a compound annual rate of -17.88% over 7 fiscal years, falling from ₹30.51 Crore in FY 2018-19 to ₹9.36 Crore in FY 2024-25. ### HSN Code 61062020 ranked #5853 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 61062020 ranks #5853 out of 12657 HSN codes by total export value. Within Sub-Chapter 6106, it ranks #4 of 6. By trade surplus, it ranks #10010 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 61062020 exports The strongest single-year export movement for HSN Code 61062020 was recorded in FY 2022-23, when exports surged by 82.72% over the prior year. ### India records a trade deficit of ₹36.72 Crore in HSN Code 61062020 goods In FY 2024-25, India's imports of ₹46.08 Cr exceeded exports of ₹9.36 Cr, resulting in a trade deficit of ₹36.72 Crore — ranking #10010 of 12657 by surplus magnitude. ### Import growth of 2.52% CAGR signals stable import dependency for Of man-made fibres : Of artificial fibres India's imports under HSN Code 61062020 have grown at 2.52% CAGR, reaching ₹46.08 Crore in FY 2024-25. ### HSN Code 61062020 contributes 0.67% of Sub-Chapter 6106 exports — ranked #4 Among the 6 HSN codes under Sub-Chapter 6106, HSN Code 61062020 ranks #4 by export value — accounting for 0.67% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 21.98% share (rank #2). ## Related HSN Codes in Sub-Chapter 6106 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 61061000: Of cotton](https://busy.in/hsn/hsn-61061000/) | ₹749 Cr | | #2 | [HSN Code 61069090: Of Other Textile Materials \| Other](https://busy.in/hsn/hsn-61069090/) | ₹538 Cr | | #3 | [HSN Code 61062010: Of man-made fibres : Of synthetic fibres](https://busy.in/hsn/hsn-61062010/) | ₹93 Cr | | #4 | HSN Code 61062020: Of man-made fibres : Of artificial fibres (this hsn code) | ₹9 Cr | | #5 | [HSN Code 61069010: Of Other Textile Materials \| Of Silk](https://busy.in/hsn/hsn-61069010/) | ₹1 Cr | | #6 | [HSN Code 61069020: Wool or fine animal hair materials](https://busy.in/hsn/hsn-61069020/) | < ₹1 Crore |