---
title: "4203 HSN Code | HSN Code for Processed synthetic fibres in India"
description: "Know more about 4203 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 4203 covering Processed synthetic fibres."
canonical: "https://busy.in/hsn/sub-chapter-4203/"
---

# HSN Sub-chapter 4203: Processed synthetic fibres

Articles of apparel and clothing accessories, of leather or of composition leather

Part of [Chapter 42: Articles of Leather; Saddlery and Harness; Travel Goods; Handbags](https://busy.in/hsn/chapter-42/).

- Current GST rate: 5%
- Earlier GST rate: 12%

## HSN codes

| Code | Title |
| --- | --- |
| 42031010 | [Jackets & Jerseys](https://busy.in/hsn/hsn-42031010/) |
| 42031090 | [Apparel (Other)](https://busy.in/hsn/hsn-42031090/) |
| 42032110 | [Sports gloves](https://busy.in/hsn/hsn-42032110/) |
| 42032120 | [Sports mittens and mitts](https://busy.in/hsn/hsn-42032120/) |
| 42032910 | [Industrial gloves](https://busy.in/hsn/hsn-42032910/) |
| 42032920 | [Other gloves](https://busy.in/hsn/hsn-42032920/) |
| 42032930 | [Mittens and mitts](https://busy.in/hsn/hsn-42032930/) |
| 42033000 | [Belts and Bandoliers](https://busy.in/hsn/hsn-42033000/) |
| 42034010 | [Other Clothing Accessories \| Aprons](https://busy.in/hsn/hsn-42034010/) |
| 42034020 | [Semi-chrome grain garments](https://busy.in/hsn/hsn-42034020/) |
| 42034090 | [Other Clothing Accessories \| Other](https://busy.in/hsn/hsn-42034090/) |

## Frequently asked questions

### What products are classified under HSN 4203

It includes Processed synthetic fibres

### Does MRP, weight or pack size change GST treatment for Processed synthetic fibres?

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.

### Is the composition scheme suitable if I mainly trade Processed synthetic fibres?

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.

### How do I bill a kit or combo that includes Processed synthetic fibres?

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.

### What should my invoice and records include for Processed synthetic fibres?

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.

### Can I claim ITC on inputs and services used for Processed synthetic fibres?

If your outward supply of Processed synthetic fibres 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.

## India's trade performance: HSN Sub-Chapter 4203 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹6,353 Cr (+10.32% YoY) — 0.1715% of India's total exports
- Imports: ₹148 Cr (−9.31% YoY) — 0.0024% of India's total imports
- Trade balance: ₹6,205 Cr (Surplus); surplus rank #59 of 1233 sub-chapters
- Share of Chapter 42: 28.64% of its exports; import side 3.44%
- Rank within Chapter 42: #2 of 5 by export value; import-side #2

### Key metrics

- Export CAGR: 1.85% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #111 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +22.48% in FY 2021-22
- Contribution to Ch. 42: 28.64% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 4203

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 Ch. 42 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 42 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 5,690.81 | 0.2479% | — | 31.75% | 186.96 | 0.0052% | — | 5.37% | +5,503.85 | #75 |
| FY 2019-20 | 5,532.92 | 0.2505% | −2.77% | 32.21% | 180.80 | 0.0054% | −3.29% | 5.65% | +5,352.12 | #72 |
| FY 2020-21 | 4,314.61 | 0.2006% | −22.02% | 31.93% | 117.49 | 0.0040% | −35.02% | 8.90% | +4,197.12 | #100 |
| FY 2021-22 | 5,284.53 | 0.1684% | +22.48% | 27.91% | 158.98 | 0.0035% | +35.31% | 6.17% | +5,125.55 | #107 |
| FY 2022-23 | 5,724.23 | 0.1581% | +8.32% | 27.14% | 172.22 | 0.0030% | +8.33% | 4.45% | +5,552.01 | #113 |
| FY 2023-24 | 5,758.46 | 0.1592% | +0.60% | 28.43% | 162.71 | 0.0029% | −5.52% | 3.86% | +5,595.75 | #113 |
| FY 2024-25 | 6,352.79 | 0.1715% | +10.32% | 28.64% | 147.56 | 0.0024% | −9.31% | 3.44% | +6,205.23 | #111 |

- CAGR (7-year): exports 1.85%/yr, imports -3.87%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 4203 export-import analysis

### Consistent export growth: 1.85% CAGR over 7 years

India's exports under HSN Sub-Chapter 4203 have grown at a compound annual rate of 1.85% over 7 fiscal years, rising from ₹5,690.81 Crore in FY 2018-19 to ₹6,352.79 Crore in FY 2024-25.

### HSN Sub-Chapter 4203 ranked #111 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 4203 ranks #111 out of 1233 sub-chapters by total export value. Within Chapter 42, it ranks #2 of 5. By trade surplus, it ranks #59 of 1233.

### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 4203 exports

The strongest single-year export movement for HSN Sub-Chapter 4203 was recorded in FY 2021-22, when exports surged by 22.48% over the prior year.

### India maintains a trade surplus of ₹6,205.23 Crore in HSN Sub-Chapter 4203 goods

In FY 2024-25, India's exports of ₹6,352.79 Cr exceeded imports of ₹147.56 Cr, resulting in a trade surplus of ₹6,205.23 Crore — ranking #59 of 1233 by surplus magnitude.

### Import growth of -3.87% CAGR signals stable import dependency for Processed synthetic fibres

India's imports under HSN Sub-Chapter 4203 have grown at -3.87% CAGR, reaching ₹147.56 Crore in FY 2024-25.

### HSN Sub-Chapter 4203 contributes 28.64% of Chapter 42 exports — ranked #2

Among the 5 sub-chapters under Chapter 42, HSN Sub-Chapter 4203 ranks #2 by export value — accounting for 28.64% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.44% share (rank #2).

## Related Sub-Chapters in Chapter 42

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 4202: Bags, cases & trunks](https://busy.in/hsn/sub-chapter-4202/) | ₹13,707 Cr |
| #2 | HSN Sub-Chapter 4203: Processed synthetic fibres (this hsn sub-chapter) | ₹6,353 Cr |
| #3 | [HSN Sub-Chapter 4201: Saddlery & Harness Gear](https://busy.in/hsn/sub-chapter-4201/) | ₹1,737 Cr |
| #4 | [HSN Sub-Chapter 4205: Leather Articles: Composition Leather](https://busy.in/hsn/sub-chapter-4205/) | ₹383 Cr |
| #5 | [HSN Sub-Chapter 4206: Gut articles & similar materials](https://busy.in/hsn/sub-chapter-4206/) | < ₹1 Crore |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 4201 | [Saddlery & Harness Gear](https://busy.in/hsn/sub-chapter-4201/) |
| 4202 | [Bags, cases & trunks](https://busy.in/hsn/sub-chapter-4202/) |
| 4205 | [Leather Articles: Composition Leather](https://busy.in/hsn/sub-chapter-4205/) |
| 4206 | [Gut articles & similar materials](https://busy.in/hsn/sub-chapter-4206/) |