Consistent Export Growth: 2.60% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 1401 have grown at a compound annual rate of 2.60% over 7 fiscal years, rising from ₹6.92 Crore in FY 2018-19 to ₹8.07 Crore in FY 2024-25.
HSN Sub Chapter 1401 represents Vegetable materials for plaiting under GST classification. This code helps businesses identify Vegetable materials for plaiting correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1401, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vegetable materials for plaiting.
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GST Rate for Vegetable materials for plaiting under HSN Code 1401. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Vegetable materials for plaiting.
India’s Exports
FY 2024-25₹8 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹664 Cr
0.0109% of India’s total imports
Trade Balance
FY 2024-25−₹656 Cr
Surplus rank #904 of 1233 subchapters
% of Chapter 14
FY 2024-252.03%
Share of Chapter 14’s total exports in FY 2024-25
Import side: 61.61% of Chapter 14’s imports
Rank Within Chapter 14
FY 2024-25#2 of 2
Position by export value among subchapters in Chapter 14
Import-side rank: #1 of 2
At a glance
2.60%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1061
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+70.14%
Peak Growth Year
FY 2022-23 · strongest single-year move
2.03%
Contribution to Ch. 14
Share of Chapter 14 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
−215.84
Exports
6.92 ₹ Cr
0.0003% share
— YoY
1.83% of Ch. 14
Imports
222.76 ₹ Cr
0.0062% share
— YoY
63.29% of Ch. 14
Balance
−456.14
Exports
4.96 ₹ Cr
0.0002% share
−28.32% YoY
1.48% of Ch. 14
Imports
461.10 ₹ Cr
0.0137% share
+106.99% YoY
80.60% of Ch. 14
Balance
−600.85
Exports
5.44 ₹ Cr
0.0003% share
+9.68% YoY
1.67% of Ch. 14
Imports
606.29 ₹ Cr
0.0208% share
+31.49% YoY
76.20% of Ch. 14
Balance
−475.48
Exports
8.74 ₹ Cr
0.0003% share
+60.66% YoY
2.19% of Ch. 14
Imports
484.22 ₹ Cr
0.0106% share
−20.13% YoY
61.59% of Ch. 14
Balance
−542.56
Exports
14.87 ₹ Cr
0.0004% share
+70.14% YoY
4.32% of Ch. 14
Imports
557.43 ₹ Cr
0.0097% share
+15.12% YoY
68.24% of Ch. 14
Balance
−498.20
Exports
22.98 ₹ Cr
0.0006% share
+54.54% YoY
6.07% of Ch. 14
Imports
521.18 ₹ Cr
0.0093% share
−6.50% YoY
57.58% of Ch. 14
Balance
−655.70
Exports
8.07 ₹ Cr
0.0002% share
−64.88% YoY
2.03% of Ch. 14
Imports
663.77 ₹ Cr
0.0109% share
+27.36% YoY
61.61% of Ch. 14
CAGR · 7-Year
Exports
2.60% /yr
Imports
19.96% /yr
India's exports under HSN Sub-Chapter 1401 have grown at a compound annual rate of 2.60% over 7 fiscal years, rising from ₹6.92 Crore in FY 2018-19 to ₹8.07 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 1401 ranks #1061 out of 1233 subchapters by total export value. Within Chapter 14, it ranks #2 of 2. By trade surplus, it ranks #904 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 1401 was recorded in FY 2022-23, when exports surged by 70.14% over the prior year.
In FY 2024-25, India's imports of ₹663.77 Cr exceeded exports of ₹8.07 Cr, resulting in a trade deficit of ₹655.70 Crore — ranking #904 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 1401 have grown at 19.96% CAGR, reaching ₹663.77 Crore in FY 2024-25.
Among the 2 subchapters under Chapter 14, HSN Sub-Chapter 1401 ranks #2 by export value — accounting for 2.03% of the chapter's total exports in FY 2024-25. On the import side, it holds 61.61% share (rank #1).
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 1401 and GST compliance.
It includes Vegetable materials for plaiting
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.
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Vegetable materials for plaiting is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
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.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.