0704 HSN Code: Man-made yarn for retail

HSN Sub Chapter 0704 represents Man-made yarn for retail under GST classification. This code helps businesses identify Man-made yarn for retail correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 0704, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Man-made yarn for retail.

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New GST Rate for HSN Code 0704

GST Rate for Man-made yarn for retail under HSN Code 0704. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

07

HSN Code

0704

HSN Description

Cabbages, cauliflowers, kohlrabi, kale and similar edible brassicas, fresh or chilled

New GST Rate

0 %
Exempted

Old GST Rate

0 %

Tariff HSN Codes under HSN Sub Chapter 0704

Following tariff HSN codes fall under Man-made yarn for retail.

Tariff HSN

07041000

Description

Cauliflowers and headed broccoli

Tariff HSN

07042000

Description

Brussels sprouts

Tariff HSN

07049000

Description

Other

India’s Trade Performance — HSN Sub-Chapter 0704 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

₹22 Cr

+35.38% vs FY 2023-24

0.0006% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

−30.48% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹15 Cr

Trade Surplus

Surplus rank #468 of 1233 subchapters

% of Chapter 07

FY 2024-25

0.12%

Share of Chapter 07’s total exports in FY 2024-25

Import side: 0.02% of Chapter 07’s imports

Rank Within Chapter 07

FY 2024-25

#11 of 14

Position by export value among subchapters in Chapter 07

Import-side rank: #7 of 14

At a glance

9.31%

Export CAGR

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

#993

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+35.38%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.12%

Contribution to Ch. 07

Share of Chapter 07 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 0704

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 #988

Balance

+8.43

Exports

12.94 ₹ Cr

0.0006% share

— YoY

0.14% of Ch. 07

Imports

4.51 ₹ Cr

0.0001% share

— YoY

0.05% of Ch. 07

FY 2019-20 Exp. Rank #982

Balance

+8.75

Exports

13.37 ₹ Cr

0.0006% share

+3.32% YoY

0.17% of Ch. 07

Imports

4.62 ₹ Cr

0.0001% share

+2.44% YoY

0.04% of Ch. 07

FY 2020-21 Exp. Rank #977

Balance

+7.77

Exports

12.59 ₹ Cr

0.0006% share

−5.83% YoY

0.13% of Ch. 07

Imports

4.82 ₹ Cr

0.0002% share

+4.33% YoY

0.04% of Ch. 07

FY 2021-22 Exp. Rank #986

Balance

+7.63

Exports

16.14 ₹ Cr

0.0005% share

+28.20% YoY

0.15% of Ch. 07

Imports

8.51 ₹ Cr

0.0002% share

+76.56% YoY

0.05% of Ch. 07

FY 2022-23 Exp. Rank #997

Balance

+7.97

Exports

17.60 ₹ Cr

0.0005% share

+9.05% YoY

0.11% of Ch. 07

Imports

9.63 ₹ Cr

0.0002% share

+13.16% YoY

0.06% of Ch. 07

FY 2023-24 Exp. Rank #1010

Balance

+5.78

Exports

16.31 ₹ Cr

0.0005% share

−7.33% YoY

0.10% of Ch. 07

Imports

10.53 ₹ Cr

0.0002% share

+9.35% YoY

0.03% of Ch. 07

FY 2024-25 Exp. Rank #993

Balance

+14.76

Exports

22.08 ₹ Cr

0.0006% share

+35.38% YoY

0.12% of Ch. 07

Imports

7.32 ₹ Cr

0.0001% share

−30.48% YoY

0.02% of Ch. 07

CAGR · 7-Year

Exports

9.31% /yr

Imports

8.41% /yr

Consistently Surplus
Chapter 07 total

reference, FY 2024-25

Export

₹18,550.75 Cr

Import

₹47,372.66 Cr

Trade Balance

−28,821.91

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

Key Trade Insights: HSN Sub-Chapter 0704 Export-Import Analysis

Consistent Export Growth: 9.31% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 0704 have grown at a compound annual rate of 9.31% over 7 fiscal years, rising from ₹12.94 Crore in FY 2018-19 to ₹22.08 Crore in FY 2024-25.

HSN Sub-Chapter 0704 Ranked #993 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 0704 ranks #993 out of 1233 subchapters by total export value. Within Chapter 07, it ranks #11 of 14. By trade surplus, it ranks #468 of 1233.

FY 2024-25 Was the Strongest Growth Year for HSN Sub-Chapter 0704 Exports

The strongest single-year export movement for HSN Sub-Chapter 0704 was recorded in FY 2024-25, when exports surged by 35.38% over the prior year.

India Maintains a Trade Surplus of ₹14.76 Crore in HSN Sub-Chapter 0704 Goods

In FY 2024-25, India's exports of ₹22.08 Cr exceeded imports of ₹7.32 Cr, resulting in a trade surplus of ₹14.76 Crore — ranking #468 of 1233 by surplus magnitude.

Import Growth of 8.41% CAGR Signals Stable Import Dependency for Man-made yarn for retail

India's imports under HSN Sub-Chapter 0704 have grown at 8.41% CAGR, reaching ₹7.32 Crore in FY 2024-25.

HSN Sub-Chapter 0704 Contributes 0.12% of Chapter 07 Exports — Ranked #11

Among the 14 subchapters under Chapter 07, HSN Sub-Chapter 0704 ranks #11 by export value — accounting for 0.12% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 0704 and GST compliance.

What products are classified under HSN 0704

It includes Man-made yarn for retail

How should I document Man-made yarn for retail sent for job work?

Use a delivery challan for sending Man-made yarn for retail to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

How are warranty replacements of Man-made yarn for retail handled?

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.

Do spares or accessories of Man-made yarn for retail follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

If I repair and return Man-made yarn for retail, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

What misclassification mistakes happen with Man-made yarn for retail?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

Is the composition scheme suitable if I mainly trade Man-made yarn for retail?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

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.

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