Export Decline: −4.64% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4303 have declined at a compound annual rate of −4.64% over 7 fiscal years, falling from ₹79.29 Crore in FY 2018-19 to ₹59.61 Crore in FY 2024-25.
HSN Sub Chapter 4303 represents Fur apparel and accessories under GST classification. This code helps businesses identify Fur apparel and accessories correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4303, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fur apparel and accessories.
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GST Rate for Fur apparel and accessories under HSN Code 4303. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Fur apparel and accessories.
Tariff HSN
Description
Articles of apparel and clothing accessories: Of wild animals covered under the Wild Life (Protection) Act, 1972
Tariff HSN
Description
Articles of apparel and clothing accessories: Of animals covered under Convention on International Trade of Endangered Species (CITES), other than those of Tariff Item 4303 10 10
Tariff HSN
Description
Articles of apparel and clothing accessories: Other
Tariff HSN
Description
Other: Of wild animals covered under the Wild Life (Protection) Act, 1972
Tariff HSN
Description
Other: Of animals covered under Convention on International Trade of Endangered Species (CITES), other than those of Tariff Item 4303 90 10
Tariff HSN
Description
Other: Other
India’s Exports
FY 2024-25₹60 Cr
0.0016% of India’s total exports
India’s Imports
FY 2024-25₹2 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹57 Cr
Surplus rank #428 of 1233 subchapters
% of Chapter 43
FY 2024-2597.56%
Share of Chapter 43’s total exports in FY 2024-25
Import side: 4.27% of Chapter 43’s imports
Rank Within Chapter 43
FY 2024-25#1 of 4
Position by export value among subchapters in Chapter 43
Import-side rank: #4 of 4
At a glance
−4.64%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#890
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+70.98%
Peak Growth Year
FY 2021-22 · strongest single-year move
97.56%
Contribution to Ch. 43
Share of Chapter 43 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
+78.25
Exports
79.29 ₹ Cr
0.0035% share
— YoY
87.61% of Ch. 43
Imports
1.04 ₹ Cr
0.0000% share
— YoY
2.15% of Ch. 43
Balance
+86.27
Exports
86.48 ₹ Cr
0.0039% share
+9.07% YoY
96.29% of Ch. 43
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−79.81% YoY
0.44% of Ch. 43
Balance
+103.55
Exports
103.79 ₹ Cr
0.0048% share
+20.02% YoY
99.48% of Ch. 43
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+14.29% YoY
0.79% of Ch. 43
Balance
+177.07
Exports
177.46 ₹ Cr
0.0057% share
+70.98% YoY
99.55% of Ch. 43
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+62.50% YoY
0.97% of Ch. 43
Balance
+117.07
Exports
117.72 ₹ Cr
0.0033% share
−33.66% YoY
99.18% of Ch. 43
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+66.67% YoY
1.36% of Ch. 43
Balance
+94.62
Exports
97.01 ₹ Cr
0.0027% share
−17.59% YoY
98.80% of Ch. 43
Imports
2.39 ₹ Cr
0.0000% share
+267.69% YoY
4.64% of Ch. 43
Balance
+57.28
Exports
59.61 ₹ Cr
0.0016% share
−38.55% YoY
97.56% of Ch. 43
Imports
2.33 ₹ Cr
0.0000% share
−2.51% YoY
4.27% of Ch. 43
CAGR · 7-Year
Exports
−4.64% /yr
Imports
14.39% /yr
India's exports under HSN Sub-Chapter 4303 have declined at a compound annual rate of −4.64% over 7 fiscal years, falling from ₹79.29 Crore in FY 2018-19 to ₹59.61 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4303 ranks #890 out of 1233 subchapters by total export value. Within Chapter 43, it ranks #1 of 4. By trade surplus, it ranks #428 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4303 was recorded in FY 2021-22, when exports surged by 70.98% over the prior year.
In FY 2024-25, India's exports of ₹59.61 Cr exceeded imports of ₹2.33 Cr, resulting in a trade surplus of ₹57.28 Crore — ranking #428 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4303 have grown at 14.39% CAGR, reaching ₹2.33 Crore in FY 2024-25.
Among the 4 subchapters under Chapter 43, HSN Sub-Chapter 4303 ranks #1 by export value — accounting for 97.56% of the chapter's total exports in FY 2024-25. On the import side, it holds 4.27% share (rank #4).
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 4303 and GST compliance.
It includes Fur apparel and accessories
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Fur apparel and accessories 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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Fur apparel and accessories are forward charge. Check the current notifications for any special cases before deciding.
Use a delivery challan for sending Fur apparel and accessories 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.