Consistent Export Growth: 8.46% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4408 have grown at a compound annual rate of 8.46% over 7 fiscal years, rising from ₹158.85 Crore in FY 2018-19 to ₹258.53 Crore in FY 2024-25.
HSN Sub Chapter 4408 represents Veneering sheets & plywood wood under GST classification. This code helps businesses identify Veneering sheets & plywood wood correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4408, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Veneering sheets & plywood wood.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Veneering sheets & plywood wood under HSN Code 4408. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
44HSN Code
HSN Description
Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, whether or not planed, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Veneering sheets & plywood wood.
Tariff HSN
Description
Coniferous : Sheets for plywood
Tariff HSN
Description
Coniferous : Oak wood veneer
Tariff HSN
Description
Coniferous : Veneer sheets, for match boxes and match splints (for match splints)
Tariff HSN
Description
Coniferous : Veneer sheets, for match boxes (other than match splints)
Tariff HSN
Description
Coniferous : Other
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Of Dark Red Meranti, Light Red Meranti and Meranti Bakau : Sheets for plywood
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Of Dark Red Meranti, Light Red Meranti and Meranti Bakau : Veneer sheets (of Rose wood)
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Of Dark Red Meranti, Light Red Meranti and Meranti Bakau : Veneer sheets, for match boxes and match splints (for match splints)
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Of Dark Red Meranti, Light Red Meranti and Meranti Bakau : Veneer sheets, for match boxes and other than match splints
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Of Dark Red Meranti, Light Red Meranti and Meranti Bakau : Other
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Other : Sheets for plywoods
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Other : Veneer sheets (of Rose wood)
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Other : Veneer sheets, for match boxes and match splints (for match splints)
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Other : Veneer sheets, for match boxes and other than match splints
Tariff HSN
Description
Of tropical wood specified in Sub-heading Note 1 to this Chapter : Other : Other
Tariff HSN
Description
Other : Sheets for plywoods
Tariff HSN
Description
Other : Veneer sheets, for match boxes and match plints (for match splints)
Tariff HSN
Description
Other : Veneer sheets, for match boxes and other than match plints
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹259 Cr
0.0070% of India’s total exports
India’s Imports
FY 2024-25₹3,265 Cr
0.0535% of India’s total imports
Trade Balance
FY 2024-25−₹3,006 Cr
Surplus rank #1067 of 1233 subchapters
% of Chapter 44
FY 2024-255.18%
Share of Chapter 44’s total exports in FY 2024-25
Import side: 14.67% of Chapter 44’s imports
Rank Within Chapter 44
FY 2024-25#6 of 21
Position by export value among subchapters in Chapter 44
Import-side rank: #3 of 21
At a glance
8.46%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#656
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+31.01%
Peak Growth Year
FY 2021-22 · strongest single-year move
5.18%
Contribution to Ch. 44
Share of Chapter 44 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
−1,590.52
Exports
158.85 ₹ Cr
0.0069% share
— YoY
4.63% of Ch. 44
Imports
1,749.37 ₹ Cr
0.0487% share
— YoY
11.22% of Ch. 44
Balance
−1,690.95
Exports
152.17 ₹ Cr
0.0069% share
−4.21% YoY
4.85% of Ch. 44
Imports
1,843.12 ₹ Cr
0.0549% share
+5.36% YoY
12.94% of Ch. 44
Balance
−1,247.26
Exports
185.36 ₹ Cr
0.0086% share
+21.81% YoY
5.30% of Ch. 44
Imports
1,432.62 ₹ Cr
0.0492% share
−22.27% YoY
12.19% of Ch. 44
Balance
−1,937.57
Exports
242.84 ₹ Cr
0.0077% share
+31.01% YoY
4.38% of Ch. 44
Imports
2,180.41 ₹ Cr
0.0477% share
+52.20% YoY
14.39% of Ch. 44
Balance
−1,815.86
Exports
305.46 ₹ Cr
0.0084% share
+25.79% YoY
6.00% of Ch. 44
Imports
2,121.32 ₹ Cr
0.0369% share
−2.71% YoY
11.58% of Ch. 44
Balance
−2,622.47
Exports
360.46 ₹ Cr
0.0100% share
+18.01% YoY
7.01% of Ch. 44
Imports
2,982.93 ₹ Cr
0.0531% share
+40.62% YoY
15.83% of Ch. 44
Balance
−3,006.38
Exports
258.53 ₹ Cr
0.0070% share
−28.28% YoY
5.18% of Ch. 44
Imports
3,264.91 ₹ Cr
0.0535% share
+9.45% YoY
14.67% of Ch. 44
CAGR · 7-Year
Exports
8.46% /yr
Imports
10.96% /yr
reference, FY 2024-25
Export
₹4,990.52 Cr
Import
₹22,254.70 Cr
Trade Balance
−17,264.18
India's exports under HSN Sub-Chapter 4408 have grown at a compound annual rate of 8.46% over 7 fiscal years, rising from ₹158.85 Crore in FY 2018-19 to ₹258.53 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4408 ranks #656 out of 1233 subchapters by total export value. Within Chapter 44, it ranks #6 of 21. By trade surplus, it ranks #1067 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4408 was recorded in FY 2021-22, when exports surged by 31.01% over the prior year.
In FY 2024-25, India's imports of ₹3,264.91 Cr exceeded exports of ₹258.53 Cr, resulting in a trade deficit of ₹3,006.38 Crore — ranking #1067 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4408 have grown at 10.96% CAGR, reaching ₹3,264.91 Crore in FY 2024-25.
Among the 21 subchapters under Chapter 44, HSN Sub-Chapter 4408 ranks #6 by export value — accounting for 5.18% of the chapter's total exports in FY 2024-25. On the import side, it holds 14.67% share (rank #3).
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 4408 and GST compliance.
It includes Veneering sheets & plywood wood
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.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Use a delivery challan for sending Veneering sheets & plywood wood 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.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
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.