4702 HSN Code: Chemical wood pulp, dissolving grades

HSN Sub Chapter 4702 represents Chemical wood pulp, dissolving grades under GST classification. This code helps businesses identify Chemical wood pulp, dissolving grades correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4702, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Chemical wood pulp, dissolving grades.

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New GST Rate for HSN Code 4702

GST Rate for Chemical wood pulp, dissolving grades under HSN Code 4702. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

47

HSN Code

4702

HSN Description

Chemical wood pulp, dissolving grades

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 4702

Following tariff HSN codes fall under Chemical wood pulp, dissolving grades.

Tariff HSN

47020000

Description

Chemical wood pulp, dissolving grades

India’s Trade Performance — HSN Sub-Chapter 4702 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

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹7,475 Cr

+11.79% vs FY 2023-24

0.1226% of India’s total imports

Trade Balance

FY 2024-25

−₹7,475 Cr

Trade Deficit

Surplus rank #1136 of 1233 subchapters

% of Chapter 47

FY 2024-25

0.00%

Share of Chapter 47’s total exports in FY 2024-25

Import side: 27.23% of Chapter 47’s imports

At a glance

−100.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Ch. 47

Share of Chapter 47 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 4702

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

Balance

—

Exports

— ₹ Cr

— share

— YoY

— of Ch. 47

Imports

3,492.80 ₹ Cr

0.0973% share

— YoY

19.06% of Ch. 47

FY 2019-20 Exp. Rank #1172

Balance

−3,401.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.18% of Ch. 47

Imports

3,401.16 ₹ Cr

0.1014% share

−2.62% YoY

20.57% of Ch. 47

FY 2020-21

Balance

−2,467.52

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 47

Imports

2,467.52 ₹ Cr

0.0847% share

−27.45% YoY

16.95% of Ch. 47

FY 2021-22

Balance

−5,093.92

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 47

Imports

5,093.92 ₹ Cr

0.1114% share

+106.44% YoY

19.80% of Ch. 47

FY 2022-23

Balance

−5,901.17

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 47

Imports

5,901.17 ₹ Cr

0.1026% share

+15.85% YoY

18.31% of Ch. 47

FY 2023-24

Balance

−6,686.49

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 47

Imports

6,686.49 ₹ Cr

0.1191% share

+13.31% YoY

25.75% of Ch. 47

FY 2024-25

Balance

−7,474.72

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 47

Imports

7,474.72 ₹ Cr

0.1226% share

+11.79% YoY

27.23% of Ch. 47

CAGR · 7-Year

Exports

—

Imports

13.52% /yr

Consistently Deficit
Chapter 47 total

reference, FY 2024-25

Export

₹52.81 Cr

Import

₹27,452.77 Cr

Trade Balance

−27,399.96

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 4702 Export-Import Analysis

Export Snapshot for HSN Sub-Chapter 4702

India exported ₹0.00 Crore worth of Chemical wood pulp, dissolving grades in FY 2024-25. Multi-year trend data is being compiled for this hsn sub-chapter.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 4702 Exports

The strongest single-year export movement for HSN Sub-Chapter 4702 was recorded in FY 2020-21, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹7,474.72 Crore in HSN Sub-Chapter 4702 Goods

In FY 2024-25, India's imports of ₹7,474.72 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹7,474.72 Crore — ranking #1136 of 1233 by surplus magnitude.

Import Growth of 13.52% CAGR Signals Rising Demand for Chemical wood pulp, dissolving grades

India's imports under HSN Sub-Chapter 4702 have grown at 13.52% CAGR, reaching ₹7,474.72 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 4702 and GST compliance.

What products are classified under HSN 4702

It includes Chemical wood pulp, dissolving grades

Does MRP, weight or pack size change GST treatment for Chemical wood pulp, dissolving grades?

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.

Can I claim ITC on inputs and services used for Chemical wood pulp, dissolving grades?

If your outward supply of Chemical wood pulp, dissolving grades 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.

Do spares or accessories of Chemical wood pulp, dissolving grades follow the same HSN?

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.

If I repair and return Chemical wood pulp, dissolving grades, how should I charge GST?

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.

Is the composition scheme suitable if I mainly trade Chemical wood pulp, dissolving grades?

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.

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.

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