HSN Code 98010011: Looped Pile Fabrics | Of Man-Made Fibres

HSN Code 98010011 represents Looped Pile Fabrics | Of Man-Made Fibres under GST classification. This code helps businesses identify Looped Pile Fabrics | Of Man-Made Fibres correctly for billing, taxation, and trade. With HSN Code 98010011, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Looped Pile Fabrics | Of Man-Made Fibres.

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Description of Goods for HSN Code 98010011

HSN Code 98010011 relates to the following description.

Description of Goods

Machinery : For industrial plant project

Chapter

98 - Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores

Sub Chapter

9801 - All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified : (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the central government may, having regard to the economic development of the country notify in the official gazette in this behalf; and spare parts, other raw materials (including semi-finished material) or consumable stores not exceeding 10% of the value of the goods specified above provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 98010011 not include?

Looped Pile Fabrics | Of Man-Made Fibres does not include products with the following descriptions.

HSN Code 98010020

Components (whether or not finished or not) or raw materials for the manufacture of aforesaid items required for the initial setting up of a unit or the substantial expansion of a unit

HSN Code 98010030

Spare parts and other raw materials (including semi-finished materials or consumable stores for the maintenance of plant or project

India’s Trade Performance — HSN Code 98010011 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹14 Cr

+65.57% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹477 Cr

−18.44% vs FY 2023-24

0.0078% of India’s total imports

Trade Balance

FY 2024-25

−₹463 Cr

Trade Deficit

Surplus rank #11847 of 12657 HSN codes

% of Sub-Chapter 9801

FY 2024-25

50.28%

Share of Sub-Chapter 9801’s total exports in FY 2024-25

Import side: 5.22% of Sub-Chapter 9801’s imports

Rank Within Sub-Chapter 9801

FY 2024-25

#1 of 8

Position by export value among HSN codes in Sub-Chapter 9801

Import-side rank: #3 of 8

At a glance

3.28%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#5396

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+315.82%

Peak Growth Year

FY 2021-22 · strongest single-year move

50.28%

Contribution to Sub-Ch. 9801

Share of Sub-Chapter 9801 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 98010011

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #4867

Balance

−1,817.45

Exports

11.17 ₹ Cr

0.0005% share

— YoY

9.92% of Sub-Ch. 9801

Imports

1,828.62 ₹ Cr

0.0510% share

— YoY

11.00% of Sub-Ch. 9801

FY 2019-20 Exp. Rank #4272

Balance

−1,259.63

Exports

17.81 ₹ Cr

0.0008% share

+59.44% YoY

8.18% of Sub-Ch. 9801

Imports

1,277.44 ₹ Cr

0.0382% share

−30.14% YoY

8.90% of Sub-Ch. 9801

FY 2020-21 Exp. Rank #6356

Balance

−1,041.63

Exports

3.54 ₹ Cr

0.0002% share

−80.12% YoY

21.06% of Sub-Ch. 9801

Imports

1,045.17 ₹ Cr

0.0359% share

−18.18% YoY

9.41% of Sub-Ch. 9801

FY 2021-22 Exp. Rank #4990

Balance

−617.28

Exports

14.72 ₹ Cr

0.0005% share

+315.82% YoY

52.33% of Sub-Ch. 9801

Imports

632.00 ₹ Cr

0.0138% share

−39.53% YoY

6.25% of Sub-Ch. 9801

FY 2022-23 Exp. Rank #6597

Balance

−976.51

Exports

4.34 ₹ Cr

0.0001% share

−70.52% YoY

27.09% of Sub-Ch. 9801

Imports

980.85 ₹ Cr

0.0171% share

+55.20% YoY

7.57% of Sub-Ch. 9801

FY 2023-24 Exp. Rank #5983

Balance

−576.11

Exports

8.19 ₹ Cr

0.0002% share

+88.71% YoY

38.02% of Sub-Ch. 9801

Imports

584.30 ₹ Cr

0.0104% share

−40.43% YoY

5.34% of Sub-Ch. 9801

FY 2024-25 Exp. Rank #5396

Balance

−463.01

Exports

13.56 ₹ Cr

0.0004% share

+65.57% YoY

50.28% of Sub-Ch. 9801

Imports

476.57 ₹ Cr

0.0078% share

−18.44% YoY

5.22% of Sub-Ch. 9801

CAGR · 7-Year

Exports

3.28% /yr

Imports

−20.08% /yr

Consistently Deficit
Sub-Chapter 9801 total

reference, FY 2024-25

Export

₹26.97 Cr

Import

₹9,123.52 Cr

Trade Balance

−9,096.55

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 98010011 Export-Import Analysis

Consistent Export Growth: 3.28% CAGR Over 7 Years

India's exports under HSN Code 98010011 have grown at a compound annual rate of 3.28% over 7 fiscal years, rising from ₹11.17 Crore in FY 2018-19 to ₹13.56 Crore in FY 2024-25.

HSN Code 98010011 Ranked #5396 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 98010011 ranks #5396 out of 12657 HSN codes by total export value. Within Sub-Chapter 9801, it ranks #1 of 8. By trade surplus, it ranks #11847 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 98010011 Exports

The strongest single-year export movement for HSN Code 98010011 was recorded in FY 2021-22, when exports surged by 315.82% over the prior year.

India Records a Trade Deficit of ₹463.01 Crore in HSN Code 98010011 Goods

In FY 2024-25, India's imports of ₹476.57 Cr exceeded exports of ₹13.56 Cr, resulting in a trade deficit of ₹463.01 Crore — ranking #11847 of 12657 by surplus magnitude.

Import Growth of −20.08% CAGR Signals Stable Import Dependency for Looped Pile Fabrics | Of Man-Made Fibres

India's imports under HSN Code 98010011 have grown at −20.08% CAGR, reaching ₹476.57 Crore in FY 2024-25.

HSN Code 98010011 Contributes 50.28% of Sub-Chapter 9801 Exports — Ranked #1

Among the 8 HSN codes under Sub-Chapter 9801, HSN Code 98010011 ranks #1 by export value — accounting for 50.28% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.22% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 98010011 and GST compliance.

What products are classified under HSN 98010011 ?

It includes Laboratory Chemicals

Does packaging or labelling change the GST for Looped Pile Fabrics / Of Man-Made 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 Looped Pile Fabrics / Of Man-Made 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.

Any common misclassification issue with Looped Pile Fabrics / Of Man-Made 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 Looped Pile Fabrics / Of Man-Made Fibres?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when Looped Pile Fabrics / Of Man-Made Fibres is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Looped Pile Fabrics / Of Man-Made Fibres; Nil for exempt items if applicable).

How much GST applies to Looped Pile Fabrics / Of Man-Made Fibres?

Under HSN 98010011, Looped Pile Fabrics / Of Man-Made Fibres attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.