Consistent Export Growth: 9.12% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4504 have grown at a compound annual rate of 9.12% over 7 fiscal years, rising from ₹22.53 Crore in FY 2018-19 to ₹38.04 Crore in FY 2024-25.
4504 HSN Code: Agglomerated cork articles
HSN Sub Chapter 4504 represents Agglomerated cork articles under GST classification. This code helps businesses identify Agglomerated cork articles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4504, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Agglomerated cork articles.
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New GST Rate for HSN Code 4504
GST Rate for Agglomerated cork articles under HSN Code 4504. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Tariff HSN Codes under HSN Sub Chapter 4504
Following tariff HSN codes fall under Agglomerated cork articles.
Tariff HSN
Description
Tariff HSN
Description
Blocks, plates, sheets and strip; tiles of any shape; solid cylinders, including discs : Sheets
Tariff HSN
Description
Blocks, plates, sheets and strip; tiles of any shape; solid cylinders, including discs : Slabs
Tariff HSN
Description
Blocks, plates, sheets and strip; tiles of any shape; solid cylinders, including discs : Other
Tariff HSN
Description
Other
India’s Trade Performance — HSN Sub-Chapter 4504 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₹38 Cr
−3.84%
vs FY 2023-24
0.0010% of India’s total exports
India’s Imports
FY 2024-25₹41 Cr
−2.95%
vs FY 2023-24
0.0007% of India’s total imports
Trade Balance
FY 2024-25−₹3 Cr
Trade Deficit
Surplus rank #556 of 1233 subchapters
% of Chapter 45
FY 2024-2590.92%
Share of Chapter 45’s total exports in FY 2024-25
Import side: 39.47% of Chapter 45’s imports
Rank Within Chapter 45
FY 2024-25#1 of 4
Position by export value among subchapters in Chapter 45
Import-side rank: #2 of 4
At a glance
9.12%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#943
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+29.18%
Peak Growth Year
FY 2020-21 · strongest single-year move
90.92%
Contribution to Ch. 45
Share of Chapter 45 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Sub-Chapter 4504
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 #941
Balance
+6.24
Exports
22.53 ₹ Cr
0.0010% share
— YoY
86.82% of Ch. 45
Imports
16.29 ₹ Cr
0.0005% share
— YoY
29.19% of Ch. 45
FY 2019-20
Exp. Rank #950
Balance
+0.26
Exports
18.88 ₹ Cr
0.0009% share
−16.20% YoY
84.06% of Ch. 45
Imports
18.62 ₹ Cr
0.0006% share
+14.30% YoY
35.62% of Ch. 45
FY 2020-21
Exp. Rank #920
Balance
+14.93
Exports
24.39 ₹ Cr
0.0011% share
+29.18% YoY
88.43% of Ch. 45
Imports
9.46 ₹ Cr
0.0003% share
−49.19% YoY
23.56% of Ch. 45
FY 2021-22
Exp. Rank #932
Balance
+7.70
Exports
30.60 ₹ Cr
0.0010% share
+25.46% YoY
89.47% of Ch. 45
Imports
22.90 ₹ Cr
0.0005% share
+142.07% YoY
36.42% of Ch. 45
FY 2022-23
Exp. Rank #933
Balance
+0.32
Exports
33.25 ₹ Cr
0.0009% share
+8.66% YoY
90.21% of Ch. 45
Imports
32.93 ₹ Cr
0.0006% share
+43.80% YoY
47.93% of Ch. 45
FY 2023-24
Exp. Rank #932
Balance
−3.14
Exports
39.56 ₹ Cr
0.0011% share
+18.98% YoY
90.32% of Ch. 45
Imports
42.70 ₹ Cr
0.0008% share
+29.67% YoY
44.29% of Ch. 45
FY 2024-25
Exp. Rank #943
Balance
−3.40
Exports
38.04 ₹ Cr
0.0010% share
−3.84% YoY
90.92% of Ch. 45
Imports
41.44 ₹ Cr
0.0007% share
−2.95% YoY
39.47% of Ch. 45
CAGR · 7-Year
Exports
9.12% /yr
Imports
16.84% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Sub-Chapter 4504 Export-Import Analysis
HSN Sub-Chapter 4504 Ranked #943 Among All 1233 Subchapters by Export Value
In FY 2024-25, HSN Sub-Chapter 4504 ranks #943 out of 1233 subchapters by total export value. Within Chapter 45, it ranks #1 of 4. By trade surplus, it ranks #556 of 1233.
FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 4504 Exports
The strongest single-year export movement for HSN Sub-Chapter 4504 was recorded in FY 2020-21, when exports surged by 29.18% over the prior year.
India Records a Trade Deficit of ₹3.40 Crore in HSN Sub-Chapter 4504 Goods
In FY 2024-25, India's imports of ₹41.44 Cr exceeded exports of ₹38.04 Cr, resulting in a trade deficit of ₹3.40 Crore — ranking #556 of 1233 by surplus magnitude.
Import Growth of 16.84% CAGR Signals Rising Demand for Agglomerated cork articles
India's imports under HSN Sub-Chapter 4504 have grown at 16.84% CAGR, reaching ₹41.44 Crore in FY 2024-25.
HSN Sub-Chapter 4504 Contributes 90.92% of Chapter 45 Exports — Ranked #1
Among the 4 subchapters under Chapter 45, HSN Sub-Chapter 4504 ranks #1 by export value — accounting for 90.92% of the chapter's total exports in FY 2024-25. On the import side, it holds 39.47% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Sub Chapter 4504 and GST compliance.
What products are classified under HSN 4504
It includes Agglomerated cork articles
What misclassification mistakes happen with Agglomerated cork articles?
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.
Can reverse charge ever apply to transactions involving Agglomerated cork articles?
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Agglomerated cork articles are forward charge. Check the current notifications for any special cases before deciding.
Is the composition scheme suitable if I mainly trade Agglomerated cork articles?
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.
Does packaging or branding change how GST applies to Agglomerated cork articles?
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Agglomerated cork articles 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.
Any import/export nuance for Agglomerated cork articles?
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.
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.