Consistent Export Growth: 14.66% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 4602 have grown at a compound annual rate of 14.66% over 7 fiscal years, rising from ₹109.17 Crore in FY 2018-19 to ₹248.08 Crore in FY 2024-25.
HSN Sub Chapter 4602 represents Basketwork & Wickerwork under GST classification. This code helps businesses identify Basketwork & Wickerwork correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4602, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Basketwork & Wickerwork.
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GST Rate for Basketwork & Wickerwork under HSN Code 4602. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Basketwork & Wickerwork.
Tariff HSN
Description
Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading 46 01; articles of loofah of vegetable materials : of palm leaves : baskets
Tariff HSN
Description
Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading 46 01; articles of loofah of vegetable materials : of palm leaves : other
Tariff HSN
Description
Basketwork, wickerwork and other articles, made directly to shape from plaiting materials or made up from goods of heading 46 01; articles of loofah of vegetable materials : other
Tariff HSN
Description
Of vegetable materials : Of bamboo
Tariff HSN
Description
Of vegetable materials : Of rattan
Tariff HSN
Description
Of vegetable materials : Other : Of palm leaves : Baskets
Tariff HSN
Description
Of vegetable materials : Other : Of palm leaves : Other
Tariff HSN
Description
Of vegetable materials : Other : Other
Tariff HSN
Description
Of vegetable materials : Other
India’s Exports
FY 2024-25₹248 Cr
0.0067% of India’s total exports
India’s Imports
FY 2024-25₹34 Cr
0.0006% of India’s total imports
Trade Balance
FY 2024-25₹214 Cr
Surplus rank #321 of 1233 subchapters
% of Chapter 46
FY 2024-2540.98%
Share of Chapter 46’s total exports in FY 2024-25
Import side: 42.53% of Chapter 46’s imports
Rank Within Chapter 46
FY 2024-25#2 of 2
Position by export value among subchapters in Chapter 46
Import-side rank: #2 of 2
At a glance
14.66%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#661
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+52.22%
Peak Growth Year
FY 2021-22 · strongest single-year move
40.98%
Contribution to Ch. 46
Share of Chapter 46 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
+88.94
Exports
109.17 ₹ Cr
0.0048% share
— YoY
38.81% of Ch. 46
Imports
20.23 ₹ Cr
0.0006% share
— YoY
72.77% of Ch. 46
Balance
+127.85
Exports
153.49 ₹ Cr
0.0069% share
+40.60% YoY
43.31% of Ch. 46
Imports
25.64 ₹ Cr
0.0008% share
+26.74% YoY
68.45% of Ch. 46
Balance
+95.86
Exports
110.12 ₹ Cr
0.0051% share
−28.26% YoY
33.38% of Ch. 46
Imports
14.26 ₹ Cr
0.0005% share
−44.38% YoY
54.28% of Ch. 46
Balance
+142.25
Exports
167.63 ₹ Cr
0.0053% share
+52.22% YoY
29.94% of Ch. 46
Imports
25.38 ₹ Cr
0.0006% share
+77.98% YoY
54.12% of Ch. 46
Balance
+186.24
Exports
211.32 ₹ Cr
0.0058% share
+26.06% YoY
39.02% of Ch. 46
Imports
25.08 ₹ Cr
0.0004% share
−1.18% YoY
44.32% of Ch. 46
Balance
+214.87
Exports
248.00 ₹ Cr
0.0069% share
+17.36% YoY
43.55% of Ch. 46
Imports
33.13 ₹ Cr
0.0006% share
+32.10% YoY
44.89% of Ch. 46
Balance
+214.02
Exports
248.08 ₹ Cr
0.0067% share
+0.03% YoY
40.98% of Ch. 46
Imports
34.06 ₹ Cr
0.0006% share
+2.81% YoY
42.53% of Ch. 46
CAGR · 7-Year
Exports
14.66% /yr
Imports
9.07% /yr
India's exports under HSN Sub-Chapter 4602 have grown at a compound annual rate of 14.66% over 7 fiscal years, rising from ₹109.17 Crore in FY 2018-19 to ₹248.08 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 4602 ranks #661 out of 1233 subchapters by total export value. Within Chapter 46, it ranks #2 of 2. By trade surplus, it ranks #321 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 4602 was recorded in FY 2021-22, when exports surged by 52.22% over the prior year.
In FY 2024-25, India's exports of ₹248.08 Cr exceeded imports of ₹34.06 Cr, resulting in a trade surplus of ₹214.02 Crore — ranking #321 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 4602 have grown at 9.07% CAGR, reaching ₹34.06 Crore in FY 2024-25.
Among the 2 subchapters under Chapter 46, HSN Sub-Chapter 4602 ranks #2 by export value — accounting for 40.98% of the chapter's total exports in FY 2024-25. On the import side, it holds 42.53% share (rank #2).
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 4602 and GST compliance.
It includes Basketwork & Wickerwork
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
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.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Use a delivery challan for sending Basketwork & Wickerwork 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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Basketwork & Wickerwork 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.