Export Decline: −14.14% CAGR Over 8 Years
India's exports under HSN Sub-Chapter 4420 have declined at a compound annual rate of −14.14% over 8 fiscal years, falling from ₹295.07 Crore in FY 2018-19 to ₹101.50 Crore in FY 2025-26.
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.
Manage correct HSN codes and GST rates with BUSY.
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.
Chapter No
44HSN Code
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
New GST Rate
Exempt for wooden deities; 5% for other articles of this heading.
Old GST Rate
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
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹102 Cr
0.0026% of India’s total exports
India’s Imports
FY 2025-26₹21 Cr
0.0003% of India’s total imports
Trade Balance
FY 2025-26₹81 Cr
Surplus rank #401 of 1233 subchapters
% of Chapter 44
FY 2025-261.94%
Share of Chapter 44’s total exports in FY 2025-26
Import side: 0.10% of Chapter 44’s imports
Rank Within Chapter 44
FY 2025-26#12 of 21
Position by export value among subchapters in Chapter 44
Import-side rank: #17 of 21
At a glance
−14.14%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#840
National Export Rank
of 1233 subchapters by export value, FY 2025-26
+23.29%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.94%
Contribution to Ch. 44
Share of Chapter 44 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, 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
Balance
+80.93
Exports
101.50 ₹ Cr
0.0026% share
−5.05% YoY
1.94% of Ch. 44
Imports
20.57 ₹ Cr
0.0003% share
+10.29% YoY
0.10% of Ch. 44
CAGR · 8-Year
Exports
−14.14% /yr
Imports
6.08% /yr
reference, FY 2025-26
Export
₹5,241.36 Cr
Import
₹21,198.66 Cr
Trade Balance
−15,957.30
India's exports under HSN Sub-Chapter 4420 have declined at a compound annual rate of −14.14% over 8 fiscal years, falling from ₹295.07 Crore in FY 2018-19 to ₹101.50 Crore in FY 2025-26.
In FY 2025-26, HSN Sub-Chapter 4420 ranks #840 out of 1233 subchapters by total export value. Within Chapter 44, it ranks #12 of 21. By trade surplus, it ranks #401 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 2025-26, India's exports of ₹101.50 Cr exceeded imports of ₹20.57 Cr, resulting in a trade surplus of ₹80.93 Crore — ranking #401 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4420 have grown at 6.08% CAGR, reaching ₹20.57 Crore in FY 2025-26.
Among the 21 subchapters under Chapter 44, HSN Sub-Chapter 4420 ranks #12 by export value — accounting for 1.94% of the chapter's total exports in FY 2025-26. On the import side, it holds 0.10% share (rank #17).
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.