--- title: "HSN Code for Looped Pile Fabrics | Of Man-Made Fibres | HSN 98010011 GST Rate" description: "Find HSN and GST Rates for 98010011 related to Looped Pile Fabrics | Of Man-Made Fibres with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-98010011/" --- # HSN Code 98010011: Looped Pile Fabrics | Of Man-Made Fibres - [Section 21: Guide to HSN Section 21](https://busy.in/hsn/section-21/) - [Chapter 98: Project Imports & Laboratory Chemicals](https://busy.in/hsn/chapter-98/) - [Sub-chapter 9801: All machinery items](https://busy.in/hsn/sub-chapter-9801/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Machinery : For industrial plant project | 9% | 9% | 18% | 0% | ## Frequently asked questions ### 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. ## India's trade performance: HSN Code 98010011 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹14 Cr (+65.57% YoY) — 0.0004% of India's total exports - Imports: ₹477 Cr (−18.44% YoY) — 0.0078% of India's total imports - Trade balance: −₹463 Cr (Deficit); surplus rank #11847 of 12657 HSN codes - Share of Sub-Chapter 9801: 50.28% of its exports; import side 5.22% - Rank within Sub-Chapter 9801: #1 of 8 by export value; import-side #3 ### Key metrics - Export CAGR: 3.28% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5396 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +315.82% in FY 2021-22 - Contribution to Sub-Ch. 9801: 50.28% of its exports (FY 2024-25) ## India export-import trade statistics: 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 | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 9801 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9801 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 11.17 | 0.0005% | — | 9.92% | 1,828.62 | 0.0510% | — | 11.00% | −1,817.45 | #4867 | | FY 2019-20 | 17.81 | 0.0008% | +59.44% | 8.18% | 1,277.44 | 0.0382% | −30.14% | 8.90% | −1,259.63 | #4272 | | FY 2020-21 | 3.54 | 0.0002% | −80.12% | 21.06% | 1,045.17 | 0.0359% | −18.18% | 9.41% | −1,041.63 | #6356 | | FY 2021-22 | 14.72 | 0.0005% | +315.82% | 52.33% | 632.00 | 0.0138% | −39.53% | 6.25% | −617.28 | #4990 | | FY 2022-23 | 4.34 | 0.0001% | −70.52% | 27.09% | 980.85 | 0.0171% | +55.20% | 7.57% | −976.51 | #6597 | | FY 2023-24 | 8.19 | 0.0002% | +88.71% | 38.02% | 584.30 | 0.0104% | −40.43% | 5.34% | −576.11 | #5983 | | FY 2024-25 | 13.56 | 0.0004% | +65.57% | 50.28% | 476.57 | 0.0078% | −18.44% | 5.22% | −463.01 | #5396 | - CAGR (7-year): exports 3.28%/yr, imports -20.08%/yr (consistently Deficit) ## 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). ## Related HSN Codes in Sub-Chapter 9801 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 98010011: Looped Pile Fabrics \| Of Man-Made Fibres (this hsn code) | ₹14 Cr | | #2 | [HSN Code 98010030: Spare Parts/Raw Materials for Plant Maintenance](https://busy.in/hsn/hsn-98010030/) | ₹7 Cr | | #3 | [HSN Code 98010019: Machinery \| For Other Projects](https://busy.in/hsn/hsn-98010019/) | ₹5 Cr | | #4 | [HSN Code 98010020: Components/raw materials for unit setup](https://busy.in/hsn/hsn-98010020/) | < ₹1 Crore | | #5 | [HSN Code 98010012: Machinery \| For Irrigation Plant](https://busy.in/hsn/hsn-98010012/) | < ₹1 Crore | | #6 | [HSN Code 98010013: Machinery \| For Power Project](https://busy.in/hsn/hsn-98010013/) | < ₹1 Crore | | — | [HSN Code 98010014: Machinery \| For Mining Project](https://busy.in/hsn/hsn-98010014/) | Nil | | — | [HSN Code 98010015: Machinery: Oil exploration](https://busy.in/hsn/hsn-98010015/) | Nil |