Export Decline: −3.46% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4107 have declined at a compound annual rate of −3.46% over 7 fiscal years, falling from ₹3,061.25 Crore in FY 2018-19 to ₹2,477.70 Crore in FY 2024-25.
HSN Sub Chapter 4107 represents Leather prepared after tanning, bovine under GST classification. This code helps businesses identify Leather prepared after tanning, bovine correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4107, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Leather prepared after tanning, bovine.
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GST Rate for Leather prepared after tanning, bovine under HSN Code 4107. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
41HSN Code
HSN Description
Leather further prepared after tanning or crusting, including parchment-dressed leather, of bovine (including buffalo) or equine animals, without hair on, whether or not split, other than leather of heading 4114
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Leather prepared after tanning, bovine.
Tariff HSN
Description
Whole hides and skins: Full grains, unsplit
Tariff HSN
Description
Whole hides and skins: Grain splits
Tariff HSN
Description
Whole hides and skins: Other
Tariff HSN
Description
Other : Other, including sides: Full grains, unsplit
Tariff HSN
Description
Other : Other, including sides: Grain splits
Tariff HSN
Description
Other : Other, including sides: Other
India’s Exports
FY 2024-25₹2,478 Cr
0.0669% of India’s total exports
India’s Imports
FY 2024-25₹1,524 Cr
0.0250% of India’s total imports
Trade Balance
FY 2024-25₹954 Cr
Surplus rank #187 of 1233 subchapters
% of Chapter 41
FY 2024-2565.62%
Share of Chapter 41’s total exports in FY 2024-25
Import side: 42.30% of Chapter 41’s imports
Rank Within Chapter 41
FY 2024-25#1 of 11
Position by export value among subchapters in Chapter 41
Import-side rank: #1 of 11
At a glance
−3.46%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#232
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+15.29%
Peak Growth Year
FY 2021-22 · strongest single-year move
65.62%
Contribution to Ch. 41
Share of Chapter 41 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
+1,469.48
Exports
3,061.25 ₹ Cr
0.1334% share
— YoY
60.64% of Ch. 41
Imports
1,591.77 ₹ Cr
0.0443% share
— YoY
39.15% of Ch. 41
Balance
+651.87
Exports
2,252.05 ₹ Cr
0.1020% share
−26.43% YoY
60.58% of Ch. 41
Imports
1,600.18 ₹ Cr
0.0477% share
+0.53% YoY
41.11% of Ch. 41
Balance
+875.33
Exports
2,001.02 ₹ Cr
0.0930% share
−11.15% YoY
71.43% of Ch. 41
Imports
1,125.69 ₹ Cr
0.0386% share
−29.65% YoY
47.33% of Ch. 41
Balance
+674.70
Exports
2,306.94 ₹ Cr
0.0735% share
+15.29% YoY
67.70% of Ch. 41
Imports
1,632.24 ₹ Cr
0.0357% share
+45.00% YoY
51.57% of Ch. 41
Balance
+492.71
Exports
2,181.16 ₹ Cr
0.0602% share
−5.45% YoY
62.89% of Ch. 41
Imports
1,688.45 ₹ Cr
0.0294% share
+3.44% YoY
43.64% of Ch. 41
Balance
+770.34
Exports
2,392.36 ₹ Cr
0.0661% share
+9.68% YoY
64.40% of Ch. 41
Imports
1,622.02 ₹ Cr
0.0289% share
−3.93% YoY
48.87% of Ch. 41
Balance
+953.56
Exports
2,477.70 ₹ Cr
0.0669% share
+3.57% YoY
65.62% of Ch. 41
Imports
1,524.14 ₹ Cr
0.0250% share
−6.03% YoY
42.30% of Ch. 41
CAGR · 7-Year
Exports
−3.46% /yr
Imports
−0.72% /yr
reference, FY 2024-25
Export
₹3,775.67 Cr
Import
₹3,602.78 Cr
Trade Balance
+172.89
India's exports under HSN Sub-Chapter 4107 have declined at a compound annual rate of −3.46% over 7 fiscal years, falling from ₹3,061.25 Crore in FY 2018-19 to ₹2,477.70 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4107 ranks #232 out of 1233 subchapters by total export value. Within Chapter 41, it ranks #1 of 11. By trade surplus, it ranks #187 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4107 was recorded in FY 2021-22, when exports surged by 15.29% over the prior year.
In FY 2024-25, India's exports of ₹2,477.70 Cr exceeded imports of ₹1,524.14 Cr, resulting in a trade surplus of ₹953.56 Crore — ranking #187 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4107 have grown at −0.72% CAGR, reaching ₹1,524.14 Crore in FY 2024-25.
Among the 11 subchapters under Chapter 41, HSN Sub-Chapter 4107 ranks #1 by export value — accounting for 65.62% of the chapter's total exports in FY 2024-25. On the import side, it holds 42.30% 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 4107 and GST compliance.
It includes Leather prepared after tanning, bovine
Use a delivery challan for sending Leather prepared after tanning, bovine 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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Leather prepared after tanning, bovine are forward charge. Check the current notifications for any special cases before deciding.
If your outward supply of Leather prepared after tanning, bovine 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.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.