4703 HSN Code: Soda chemical wood pulp

HSN Sub Chapter 4703 represents Soda chemical wood pulp under GST classification. This code helps businesses identify Soda chemical wood pulp correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4703, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Soda chemical wood pulp.

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New GST Rate for HSN Code 4703

GST Rate for Soda chemical wood pulp under HSN Code 4703. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

47

HSN Code

4703

HSN Description

Chemical wood pulp, soda or sulphate, other than dissolving grades

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 4703

Following tariff HSN codes fall under Soda chemical wood pulp.

Tariff HSN

47031100

Description

Unbleached : Coniferous

Tariff HSN

47031900

Description

Unbleached : Non-coniferous

Tariff HSN

47032100

Description

Semi-bleached or bleached : Coniferous

Tariff HSN

47032900

Description

Semi-bleached or bleached : Non-coniferous

India’s Trade Performance — HSN Sub-Chapter 4703 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 Crore

−47.06% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹6,355 Cr

−2.26% vs FY 2023-24

0.1042% of India’s total imports

Trade Balance

FY 2024-25

−₹6,355 Cr

Trade Deficit

Surplus rank #1131 of 1233 subchapters

% of Chapter 47

FY 2024-25

0.17%

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

Import side: 23.15% of Chapter 47’s imports

Rank Within Chapter 47

FY 2024-25

#3 of 7

Position by export value among subchapters in Chapter 47

Import-side rank: #3 of 7

At a glance

−53.01%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#1183

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+112.50%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.17%

Contribution to Ch. 47

Share of Chapter 47 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 4703

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 #1017

Balance

−4,064.04

Exports

8.36 ₹ Cr

0.0004% share

— YoY

33.75% of Ch. 47

Imports

4,072.40 ₹ Cr

0.1134% share

— YoY

22.23% of Ch. 47

FY 2019-20 Exp. Rank #995

Balance

−3,556.25

Exports

11.31 ₹ Cr

0.0005% share

+35.29% YoY

18.10% of Ch. 47

Imports

3,567.56 ₹ Cr

0.1063% share

−12.40% YoY

21.58% of Ch. 47

FY 2020-21 Exp. Rank #1089

Balance

−2,688.43

Exports

2.42 ₹ Cr

0.0001% share

−78.60% YoY

3.02% of Ch. 47

Imports

2,690.85 ₹ Cr

0.0923% share

−24.57% YoY

18.48% of Ch. 47

FY 2021-22 Exp. Rank #1178

Balance

−4,303.22

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−96.28% YoY

0.59% of Ch. 47

Imports

4,303.31 ₹ Cr

0.0942% share

+59.92% YoY

16.73% of Ch. 47

FY 2022-23 Exp. Rank #1181

Balance

−7,451.52

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−11.11% YoY

0.27% of Ch. 47

Imports

7,451.60 ₹ Cr

0.1296% share

+73.16% YoY

23.12% of Ch. 47

FY 2023-24 Exp. Rank #1180

Balance

−6,502.13

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+112.50% YoY

0.23% of Ch. 47

Imports

6,502.30 ₹ Cr

0.1158% share

−12.74% YoY

25.04% of Ch. 47

FY 2024-25 Exp. Rank #1183

Balance

−6,355.38

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−47.06% YoY

0.17% of Ch. 47

Imports

6,355.47 ₹ Cr

0.1042% share

−2.26% YoY

23.15% of Ch. 47

CAGR · 7-Year

Exports

−53.01% /yr

Imports

7.70% /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 4703 Export-Import Analysis

Export Decline: −53.01% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 4703 have declined at a compound annual rate of −53.01% over 7 fiscal years, falling from ₹8.36 Crore in FY 2018-19 to ₹0.09 Crore in FY 2024-25.

HSN Sub-Chapter 4703 Ranked #1183 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 4703 ranks #1183 out of 1233 subchapters by total export value. Within Chapter 47, it ranks #3 of 7. By trade surplus, it ranks #1131 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 4703 Exports

The strongest single-year export movement for HSN Sub-Chapter 4703 was recorded in FY 2023-24, when exports surged by 112.50% over the prior year.

India Records a Trade Deficit of ₹6,355.38 Crore in HSN Sub-Chapter 4703 Goods

In FY 2024-25, India's imports of ₹6,355.47 Cr exceeded exports of ₹0.09 Cr, resulting in a trade deficit of ₹6,355.38 Crore — ranking #1131 of 1233 by surplus magnitude.

Import Growth of 7.70% CAGR Signals Stable Import Dependency for Soda chemical wood pulp

India's imports under HSN Sub-Chapter 4703 have grown at 7.70% CAGR, reaching ₹6,355.47 Crore in FY 2024-25.

HSN Sub-Chapter 4703 Contributes 0.17% of Chapter 47 Exports — Ranked #3

Among the 7 subchapters under Chapter 47, HSN Sub-Chapter 4703 ranks #3 by export value — accounting for 0.17% of the chapter's total exports in FY 2024-25. On the import side, it holds 23.15% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 4703 and GST compliance.

What products are classified under HSN 4703

It includes Soda chemical wood pulp

How should I document Soda chemical wood pulp sent for job work?

Use a delivery challan for sending Soda chemical wood pulp 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.

Any special steps when selling Soda chemical wood pulp through an e‑commerce platform?

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.

How are warranty replacements of Soda chemical wood pulp handled?

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.

What should my invoice and records include for Soda chemical wood pulp?

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.

Do spares or accessories of Soda chemical wood pulp 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.

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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