5303 HSN Code: Jute and bast fibers

HSN Sub Chapter 5303 represents Jute and bast fibers under GST classification. This code helps businesses identify Jute and bast fibers correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5303, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Jute and bast fibers.

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New GST Rate for HSN Code 5303

GST Rate for Jute and bast fibers under HSN Code 5303. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

53

HSN Code

5303

HSN Description

Jute and other textile bast fibres (excluding flax, true hemp and ramie),raw or processed but not spun; tow and waste of these fibres(including yarn waste and garnetted stock)

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 5303

Following tariff HSN codes fall under Jute and bast fibers.

Tariff HSN

53031010

Description

Jute and other textile bast fibres, raw or retted but not spun: Jute, raw or retted

Tariff HSN

53031010

Description

Jute and other textile bast fibres, raw or retted: Jute, raw or retted

Tariff HSN

53031090

Description

Jute and other textile bast fibres, raw or retted but not spun: Other

Tariff HSN

53031090

Description

Jute and other textile bast fibres, raw or retted: Other

Tariff HSN

53039010

Description

Other : Jute cutting

Tariff HSN

53039090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 5303 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

₹135 Cr

+9.26% vs FY 2023-24

0.0036% of India’s total exports

India’s Imports

FY 2024-25

₹677 Cr

−13.58% vs FY 2023-24

0.0111% of India’s total imports

Trade Balance

FY 2024-25

−₹542 Cr

Trade Deficit

Surplus rank #874 of 1233 subchapters

% of Chapter 53

FY 2024-25

2.61%

Share of Chapter 53’s total exports in FY 2024-25

Import side: 11.91% of Chapter 53’s imports

Rank Within Chapter 53

FY 2024-25

#6 of 10

Position by export value among subchapters in Chapter 53

Import-side rank: #4 of 10

At a glance

3.60%

Export CAGR

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

#782

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+82.98%

Peak Growth Year

FY 2020-21 · strongest single-year move

2.61%

Contribution to Ch. 53

Share of Chapter 53 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5303

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 #710

Balance

−127.31

Exports

109.28 ₹ Cr

0.0048% share

— YoY

3.51% of Ch. 53

Imports

236.59 ₹ Cr

0.0066% share

— YoY

10.63% of Ch. 53

FY 2019-20 Exp. Rank #714

Balance

−245.99

Exports

105.37 ₹ Cr

0.0048% share

−3.58% YoY

3.32% of Ch. 53

Imports

351.36 ₹ Cr

0.0105% share

+48.51% YoY

13.05% of Ch. 53

FY 2020-21 Exp. Rank #604

Balance

+13.25

Exports

192.81 ₹ Cr

0.0090% share

+82.98% YoY

4.89% of Ch. 53

Imports

179.56 ₹ Cr

0.0062% share

−48.90% YoY

9.69% of Ch. 53

FY 2021-22 Exp. Rank #644

Balance

−226.29

Exports

225.51 ₹ Cr

0.0072% share

+16.96% YoY

4.48% of Ch. 53

Imports

451.80 ₹ Cr

0.0099% share

+151.62% YoY

14.41% of Ch. 53

FY 2022-23 Exp. Rank #695

Balance

−658.02

Exports

191.56 ₹ Cr

0.0053% share

−15.05% YoY

5.12% of Ch. 53

Imports

849.58 ₹ Cr

0.0148% share

+88.04% YoY

20.23% of Ch. 53

FY 2023-24 Exp. Rank #779

Balance

−659.56

Exports

123.68 ₹ Cr

0.0034% share

−35.44% YoY

3.16% of Ch. 53

Imports

783.24 ₹ Cr

0.0139% share

−7.81% YoY

15.13% of Ch. 53

FY 2024-25 Exp. Rank #782

Balance

−541.71

Exports

135.13 ₹ Cr

0.0036% share

+9.26% YoY

2.61% of Ch. 53

Imports

676.84 ₹ Cr

0.0111% share

−13.58% YoY

11.91% of Ch. 53

CAGR · 7-Year

Exports

3.60% /yr

Imports

19.15% /yr

Consistently Deficit
Chapter 53 total

reference, FY 2024-25

Export

₹5,178.87 Cr

Import

₹5,683.26 Cr

Trade Balance

−504.39

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

Key Trade Insights: HSN Sub-Chapter 5303 Export-Import Analysis

Consistent Export Growth: 3.60% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5303 have grown at a compound annual rate of 3.60% over 7 fiscal years, rising from ₹109.28 Crore in FY 2018-19 to ₹135.13 Crore in FY 2024-25.

HSN Sub-Chapter 5303 Ranked #782 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5303 ranks #782 out of 1233 subchapters by total export value. Within Chapter 53, it ranks #6 of 10. By trade surplus, it ranks #874 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 5303 Exports

The strongest single-year export movement for HSN Sub-Chapter 5303 was recorded in FY 2020-21, when exports surged by 82.98% over the prior year.

India Records a Trade Deficit of ₹541.71 Crore in HSN Sub-Chapter 5303 Goods

In FY 2024-25, India's imports of ₹676.84 Cr exceeded exports of ₹135.13 Cr, resulting in a trade deficit of ₹541.71 Crore — ranking #874 of 1233 by surplus magnitude.

Import Growth of 19.15% CAGR Signals Rising Demand for Jute and bast fibers

India's imports under HSN Sub-Chapter 5303 have grown at 19.15% CAGR, reaching ₹676.84 Crore in FY 2024-25.

HSN Sub-Chapter 5303 Contributes 2.61% of Chapter 53 Exports — Ranked #6

Among the 10 subchapters under Chapter 53, HSN Sub-Chapter 5303 ranks #6 by export value — accounting for 2.61% of the chapter's total exports in FY 2024-25. On the import side, it holds 11.91% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5303 and GST compliance.

What products are classified under HSN 5303

It includes Jute and bast fibers

How are warranty replacements of Jute and bast fibers 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.

If I repair and return Jute and bast fibers, 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.

Do spares or accessories of Jute and bast fibers 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.

Is the composition scheme suitable if I mainly trade Jute and bast fibers?

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.

Any special steps when selling Jute and bast fibers 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.

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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