Consistent Export Growth: 0.57% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4502 have grown at a compound annual rate of 0.57% over 7 fiscal years, rising from ₹1.43 Crore in FY 2018-19 to ₹1.48 Crore in FY 2024-25.
4502 HSN Code: Natural cork products
HSN Sub Chapter 4502 represents Natural cork products under GST classification. This code helps businesses identify Natural cork products correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4502, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural cork products.
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New GST Rate for HSN Code 4502
GST Rate for Natural cork products under HSN Code 4502. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
HSN Code
HSN Description
New GST Rate
Old GST Rate
Tariff HSN Codes under HSN Sub Chapter 4502
Following tariff HSN codes fall under Natural cork products.
Tariff HSN
Description
Tariff HSN
Description
Natural cork, debacked or roughly squared, or in rectangular (including square) blocks, plates, sheets or strip (including sharp-edged blanks for corks or stoppers)
India’s Trade Performance — HSN Sub-Chapter 4502 in FY 2024-25
TradeStat EIDB — Ministry of Commerce & Industry
FY 2018-19–FY 2024-25
Values in ₹ Crore
India’s Exports
FY 2024-25₹1 Cr
0.00%
vs FY 2023-24
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
−92.11%
vs FY 2023-24
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹1 Cr
Trade Surplus
Surplus rank #503 of 1233 subchapters
% of Chapter 45
FY 2024-253.54%
Share of Chapter 45’s total exports in FY 2024-25
Import side: 0.03% of Chapter 45’s imports
Rank Within Chapter 45
FY 2024-25#3 of 4
Position by export value among subchapters in Chapter 45
Import-side rank: #4 of 4
At a glance
0.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1132
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+239.53%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.54%
Contribution to Ch. 45
Share of Chapter 45 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Sub-Chapter 4502
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
FY 2018-19
Exp. Rank #1122
Balance
+1.22
Exports
1.43 ₹ Cr
0.0001% share
— YoY
5.51% of Ch. 45
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.38% of Ch. 45
FY 2019-20
Exp. Rank #1146
Balance
+0.42
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−58.04% YoY
2.67% of Ch. 45
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−14.29% YoY
0.34% of Ch. 45
FY 2020-21
Exp. Rank #1146
Balance
+0.40
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−28.33% YoY
1.56% of Ch. 45
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−83.33% YoY
0.07% of Ch. 45
FY 2021-22
Exp. Rank #1127
Balance
+1.38
Exports
1.46 ₹ Cr
0.0000% share
+239.53% YoY
4.27% of Ch. 45
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+166.67% YoY
0.13% of Ch. 45
FY 2022-23
Exp. Rank #1130
Balance
+1.10
Exports
1.28 ₹ Cr
0.0000% share
−12.33% YoY
3.47% of Ch. 45
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+125.00% YoY
0.26% of Ch. 45
FY 2023-24
Exp. Rank #1135
Balance
+1.10
Exports
1.48 ₹ Cr
0.0000% share
+15.63% YoY
3.38% of Ch. 45
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+111.11% YoY
0.39% of Ch. 45
FY 2024-25
Exp. Rank #1132
Balance
+1.45
Exports
1.48 ₹ Cr
0.0000% share
0.00% YoY
3.54% of Ch. 45
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−92.11% YoY
0.03% of Ch. 45
CAGR · 7-Year
Exports
0.57% /yr
Imports
−27.70% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Sub-Chapter 4502 Export-Import Analysis
HSN Sub-Chapter 4502 Ranked #1132 Among All 1233 Subchapters by Export Value
In FY 2024-25, HSN Sub-Chapter 4502 ranks #1132 out of 1233 subchapters by total export value. Within Chapter 45, it ranks #3 of 4. By trade surplus, it ranks #503 of 1233.
FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 4502 Exports
The strongest single-year export movement for HSN Sub-Chapter 4502 was recorded in FY 2021-22, when exports surged by 239.53% over the prior year.
India Maintains a Trade Surplus of ₹1.45 Crore in HSN Sub-Chapter 4502 Goods
In FY 2024-25, India's exports of ₹1.48 Cr exceeded imports of ₹0.03 Cr, resulting in a trade surplus of ₹1.45 Crore — ranking #503 of 1233 by surplus magnitude.
Import Growth of −27.70% CAGR Signals Stable Import Dependency for Natural cork products
India's imports under HSN Sub-Chapter 4502 have grown at −27.70% CAGR, reaching ₹0.03 Crore in FY 2024-25.
HSN Sub-Chapter 4502 Contributes 3.54% of Chapter 45 Exports — Ranked #3
Among the 4 subchapters under Chapter 45, HSN Sub-Chapter 4502 ranks #3 by export value — accounting for 3.54% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #4).
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Frequently Asked Questions
Clear answers to common queries about HSN Sub Chapter 4502 and GST compliance.
What products are classified under HSN 4502
It includes Natural cork products
How do I bill a kit or combo that includes Natural cork products?
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.
Can I claim ITC on inputs and services used for Natural cork products?
If your outward supply of Natural cork products 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.
Can reverse charge ever apply to transactions involving Natural cork products?
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Natural cork products are forward charge. Check the current notifications for any special cases before deciding.
Any import/export nuance for Natural cork products?
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.
What are the e‑way bill and e‑invoice points while moving Natural cork products?
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.
Does packaging or branding change how GST applies to Natural cork products?
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Natural cork products 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.
Important Disclaimer
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.