Export Decline: −15.57% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4420 have declined at a compound annual rate of −15.57% over 7 fiscal years, falling from ₹295.07 Crore in FY 2018-19 to ₹106.90 Crore in FY 2024-25.
HSN Sub Chapter 4420 represents Wood marquetry & inlaid wood items under GST classification. This code helps businesses identify Wood marquetry & inlaid wood items correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4420, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wood marquetry & inlaid wood items.
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GST Rate for Wood marquetry & inlaid wood items under HSN Code 4420. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Wood marquetry & inlaid wood items.
Tariff HSN
Description
Wood marquetry and inlaid wood; caskets and cases for jewellery or cutlery, and similar articles, of wood; statuettes and other ornaments, of wood; wooden articles of furniture not falling in chapter 94 - statuettes and other ornaments, of wood
Tariff HSN
Description
Statuettes and other ornaments: of tropical wood
Tariff HSN
Description
Statuettes and other ornaments: Other
Tariff HSN
Description
Other : Wood marquetry and inlaid wood
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹107 Cr
0.0029% of India’s total exports
India’s Imports
FY 2024-25₹19 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25₹88 Cr
Surplus rank #395 of 1233 subchapters
% of Chapter 44
FY 2024-252.14%
Share of Chapter 44’s total exports in FY 2024-25
Import side: 0.08% of Chapter 44’s imports
Rank Within Chapter 44
FY 2024-25#12 of 21
Position by export value among subchapters in Chapter 44
Import-side rank: #17 of 21
At a glance
−15.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#818
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+23.29%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.14%
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
+281.46
Exports
295.07 ₹ Cr
0.0129% share
— YoY
8.59% of Ch. 44
Imports
13.61 ₹ Cr
0.0004% share
— YoY
0.09% of Ch. 44
Balance
+275.97
Exports
293.39 ₹ Cr
0.0133% share
−0.57% YoY
9.36% of Ch. 44
Imports
17.42 ₹ Cr
0.0005% share
+27.99% YoY
0.12% of Ch. 44
Balance
+306.77
Exports
314.56 ₹ Cr
0.0146% share
+7.22% YoY
9.00% of Ch. 44
Imports
7.79 ₹ Cr
0.0003% share
−55.28% YoY
0.07% of Ch. 44
Balance
+375.91
Exports
387.83 ₹ Cr
0.0124% share
+23.29% YoY
6.99% of Ch. 44
Imports
11.92 ₹ Cr
0.0003% share
+53.02% YoY
0.08% of Ch. 44
Balance
+134.92
Exports
157.79 ₹ Cr
0.0044% share
−59.31% YoY
3.10% of Ch. 44
Imports
22.87 ₹ Cr
0.0004% share
+91.86% YoY
0.12% of Ch. 44
Balance
+96.91
Exports
119.27 ₹ Cr
0.0033% share
−24.41% YoY
2.32% of Ch. 44
Imports
22.36 ₹ Cr
0.0004% share
−2.23% YoY
0.12% of Ch. 44
Balance
+88.25
Exports
106.90 ₹ Cr
0.0029% share
−10.37% YoY
2.14% of Ch. 44
Imports
18.65 ₹ Cr
0.0003% share
−16.59% YoY
0.08% of Ch. 44
CAGR · 7-Year
Exports
−15.57% /yr
Imports
5.39% /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 4420 have declined at a compound annual rate of −15.57% over 7 fiscal years, falling from ₹295.07 Crore in FY 2018-19 to ₹106.90 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4420 ranks #818 out of 1233 subchapters by total export value. Within Chapter 44, it ranks #12 of 21. By trade surplus, it ranks #395 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4420 was recorded in FY 2021-22, when exports surged by 23.29% over the prior year.
In FY 2024-25, India's exports of ₹106.90 Cr exceeded imports of ₹18.65 Cr, resulting in a trade surplus of ₹88.25 Crore — ranking #395 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4420 have grown at 5.39% CAGR, reaching ₹18.65 Crore in FY 2024-25.
Among the 21 subchapters under Chapter 44, HSN Sub-Chapter 4420 ranks #12 by export value — accounting for 2.14% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #17).
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 4420 and GST compliance.
It includes Wood marquetry & inlaid wood items
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Wood marquetry & inlaid wood items 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.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
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.
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.
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.