Consistent Export Growth: 5.63% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 0603 have grown at a compound annual rate of 5.63% over 7 fiscal years, rising from ₹149.67 Crore in FY 2018-19 to ₹207.90 Crore in FY 2024-25.
HSN Sub Chapter 0603 represents Cut Flowers & Buds under GST classification. This code helps businesses identify Cut Flowers & Buds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 0603, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Cut Flowers & Buds.
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GST Rate for Cut Flowers & Buds under HSN Code 0603. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Cut Flowers & Buds.
Tariff HSN
Description
Cut flowers and flower buds of a kind suitable for bouquets or for ornamental purposes, fresh, dried, dyed, bleached, impregnated or otherwise prepared fresh
Tariff HSN
Description
Fresh: Roses
Tariff HSN
Description
Fresh: Carnations
Tariff HSN
Description
Fresh: Orchids
Tariff HSN
Description
Fresh: Chrysanthemums
Tariff HSN
Description
Fresh:Lilies (Lilium Spp.)
Tariff HSN
Description
Fresh: Other
Tariff HSN
Description
Other
India’s Exports
FY 2024-25₹208 Cr
0.0056% of India’s total exports
India’s Imports
FY 2024-25₹24 Cr
0.0004% of India’s total imports
Trade Balance
FY 2024-25₹184 Cr
Surplus rank #340 of 1233 subchapters
% of Chapter 06
FY 2024-2527.75%
Share of Chapter 06’s total exports in FY 2024-25
Import side: 4.30% of Chapter 06’s imports
Rank Within Chapter 06
FY 2024-25#3 of 4
Position by export value among subchapters in Chapter 06
Import-side rank: #3 of 4
At a glance
5.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#694
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+54.96%
Peak Growth Year
FY 2021-22 · strongest single-year move
27.75%
Contribution to Ch. 06
Share of Chapter 06 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+121.90
Exports
149.67 ₹ Cr
0.0065% share
— YoY
26.19% of Ch. 06
Imports
27.77 ₹ Cr
0.0008% share
— YoY
15.95% of Ch. 06
Balance
+98.62
Exports
126.45 ₹ Cr
0.0057% share
−15.51% YoY
23.35% of Ch. 06
Imports
27.83 ₹ Cr
0.0008% share
+0.22% YoY
12.12% of Ch. 06
Balance
+98.42
Exports
101.64 ₹ Cr
0.0047% share
−19.62% YoY
17.65% of Ch. 06
Imports
3.22 ₹ Cr
0.0001% share
−88.43% YoY
2.01% of Ch. 06
Balance
+147.14
Exports
157.50 ₹ Cr
0.0050% share
+54.96% YoY
20.39% of Ch. 06
Imports
10.36 ₹ Cr
0.0002% share
+221.74% YoY
4.01% of Ch. 06
Balance
+167.09
Exports
181.43 ₹ Cr
0.0050% share
+15.19% YoY
25.61% of Ch. 06
Imports
14.34 ₹ Cr
0.0002% share
+38.42% YoY
5.03% of Ch. 06
Balance
+179.40
Exports
195.94 ₹ Cr
0.0054% share
+8.00% YoY
27.30% of Ch. 06
Imports
16.54 ₹ Cr
0.0003% share
+15.34% YoY
5.72% of Ch. 06
Balance
+183.67
Exports
207.90 ₹ Cr
0.0056% share
+6.10% YoY
27.75% of Ch. 06
Imports
24.23 ₹ Cr
0.0004% share
+46.49% YoY
4.30% of Ch. 06
CAGR · 7-Year
Exports
5.63% /yr
Imports
−2.25% /yr
India's exports under HSN Sub-Chapter 0603 have grown at a compound annual rate of 5.63% over 7 fiscal years, rising from ₹149.67 Crore in FY 2018-19 to ₹207.90 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 0603 ranks #694 out of 1233 subchapters by total export value. Within Chapter 06, it ranks #3 of 4. By trade surplus, it ranks #340 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 0603 was recorded in FY 2021-22, when exports surged by 54.96% over the prior year.
In FY 2024-25, India's exports of ₹207.90 Cr exceeded imports of ₹24.23 Cr, resulting in a trade surplus of ₹183.67 Crore — ranking #340 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 0603 have grown at −2.25% CAGR, reaching ₹24.23 Crore in FY 2024-25.
Among the 4 subchapters under Chapter 06, HSN Sub-Chapter 0603 ranks #3 by export value — accounting for 27.75% of the chapter's total exports in FY 2024-25. On the import side, it holds 4.30% share (rank #3).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 0603 and GST compliance.
It includes Cut Flowers & Buds
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
If your outward supply of Cut Flowers & Buds is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.