--- title: "HSN Code for Knitted or Crocheted Textile Articles (Synthetic Fibres) | HSN 63031200 GST Rate" description: "Find HSN and GST Rates for 63031200 related to Knitted or Crocheted Textile Articles (Synthetic Fibres) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-63031200/" --- # HSN Code 63031200: Knitted or Crocheted Textile Articles (Synthetic Fibres) - [Section 11: Guide to HSN Section 11](https://busy.in/hsn/section-11/) - [Chapter 63: Made-up Textile, Worn Clothing & Rags](https://busy.in/hsn/chapter-63/) - [Sub-chapter 6303: Curtains and blinds](https://busy.in/hsn/sub-chapter-6303/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Knitted or crocheted : Of synthetic fibres (sale value not exceeding Rs. 1000 per piece) | 2.5% | 2.5% | 5% | 0% | | Knitted or crocheted : Of synthetic fibres | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 63031200 ? It includes Other Textile Articles of Synthetic Fibres ### How much GST applies to Knitted or Crocheted Textile Articles (Synthetic Fibres)? Under HSN 63031200, Knitted or Crocheted Textile Articles (Synthetic Fibres) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Knitted or Crocheted Textile Articles (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. ### Can we claim ITC on inputs used to trade Knitted or Crocheted Textile Articles (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. ### Does packaging or labelling change the GST for Knitted or Crocheted Textile Articles (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. ### Any common misclassification issue with Knitted or Crocheted Textile Articles (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 Knitted or Crocheted Textile Articles (Synthetic Fibres) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Knitted or Crocheted Textile Articles (Synthetic Fibres); Nil for exempt items if applicable). ## India's trade performance: HSN Code 63031200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹27 Cr (+24.16% YoY) — 0.0007% of India's total exports - Imports: ₹13 Cr (+69.73% YoY) — 0.0002% of India's total imports - Trade balance: ₹13 Cr (Surplus); surplus rank #3126 of 12657 HSN codes - Share of Sub-Chapter 6303: 2.45% of its exports; import side 5.35% - Rank within Sub-Chapter 6303: #4 of 7 by export value; import-side #3 ### Key metrics - Export CAGR: 30.70% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4494 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +96.80% in FY 2019-20 - Contribution to Sub-Ch. 6303: 2.45% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 63031200 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. 6303 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 6303 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 5.32 | 0.0002% | — | 0.63% | 6.64 | 0.0002% | — | 14.95% | −1.32 | #5787 | | FY 2019-20 | 10.47 | 0.0005% | +96.80% | 1.23% | 5.88 | 0.0002% | −11.45% | 5.40% | +4.59 | #4952 | | FY 2020-21 | 17.09 | 0.0008% | +63.23% | 1.23% | 3.50 | 0.0001% | −40.48% | 5.00% | +13.59 | #4409 | | FY 2021-22 | 33.50 | 0.0011% | +96.02% | 2.71% | 5.67 | 0.0001% | +62.00% | 4.55% | +27.83 | #3902 | | FY 2022-23 | 27.98 | 0.0008% | −16.48% | 2.64% | 8.96 | 0.0002% | +58.02% | 5.33% | +19.02 | #4257 | | FY 2023-24 | 21.36 | 0.0006% | −23.66% | 2.20% | 7.83 | 0.0001% | −12.61% | 2.91% | +13.53 | #4686 | | FY 2024-25 | 26.52 | 0.0007% | +24.16% | 2.45% | 13.29 | 0.0002% | +69.73% | 5.35% | +13.23 | #4494 | - CAGR (7-year): exports 30.70%/yr, imports 12.26%/yr (consistently Surplus) ## Key trade insights: HSN Code 63031200 export-import analysis ### Consistent export growth: 30.70% CAGR over 7 years India's exports under HSN Code 63031200 have grown at a compound annual rate of 30.70% over 7 fiscal years, rising from ₹5.32 Crore in FY 2018-19 to ₹26.52 Crore in FY 2024-25. ### HSN Code 63031200 ranked #4494 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 63031200 ranks #4494 out of 12657 HSN codes by total export value. Within Sub-Chapter 6303, it ranks #4 of 7. By trade surplus, it ranks #3126 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 63031200 exports The strongest single-year export movement for HSN Code 63031200 was recorded in FY 2019-20, when exports surged by 96.80% over the prior year. ### India maintains a trade surplus of ₹13.23 Crore in HSN Code 63031200 goods In FY 2024-25, India's exports of ₹26.52 Cr exceeded imports of ₹13.29 Cr, resulting in a trade surplus of ₹13.23 Crore — ranking #3126 of 12657 by surplus magnitude. ### Import growth of 12.26% CAGR signals rising demand for Knitted or Crocheted Textile Articles (Synthetic Fibres) India's imports under HSN Code 63031200 have grown at 12.26% CAGR, reaching ₹13.29 Crore in FY 2024-25. ### HSN Code 63031200 contributes 2.45% of Sub-Chapter 6303 exports — ranked #4 Among the 7 HSN codes under Sub-Chapter 6303, HSN Code 63031200 ranks #4 by export value — accounting for 2.45% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.35% share (rank #3). ## Related HSN Codes in Sub-Chapter 6303 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 63039990: Other Textile Articles of Various Materials](https://busy.in/hsn/hsn-63039990/) | ₹499 Cr | | #2 | [HSN Code 63039100: Other Textile Articles of Cotton](https://busy.in/hsn/hsn-63039100/) | ₹426 Cr | | #3 | [HSN Code 63039200: Other Textile Articles of Synthetic Fibres](https://busy.in/hsn/hsn-63039200/) | ₹124 Cr | | #4 | HSN Code 63031200: Knitted or Crocheted Textile Articles (Synthetic Fibres) (this hsn code) | ₹27 Cr | | #5 | [HSN Code 63039910: Silk Shower Curtains Textile Articles](https://busy.in/hsn/hsn-63039910/) | ₹4 Cr | | #6 | [HSN Code 63031900: Knitted or Crocheted Textile Articles (Other Materials)](https://busy.in/hsn/hsn-63031900/) | ₹4 Cr | | — | [HSN Code 63031100: Cotton Tarpaulins/Awnings/Sunblinds](https://busy.in/hsn/hsn-63031100/) | — |