5308 HSN Code: Paper and yarn

HSN Sub Chapter 5308 represents Paper and yarn under GST classification. This code helps businesses identify Paper and yarn correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5308, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Paper and yarn.

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New GST Rate for HSN Code 5308

GST Rate for Paper and yarn under HSN Code 5308. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

53

HSN Code

5308

HSN Description

Yarn of other vegetable textile fibres;paper yarn: All goods [other than coconut coir fibre] including yarn of flax, jute, other textile bast fibres, other vegetable textile fibres; paper yarn, including coir pith compost, other than pre-packaged and labelled

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 5308

Following tariff HSN codes fall under Paper and yarn.

Tariff HSN

53081010

Description

Coir yarn : Baled

Tariff HSN

53081010

Description

Coir yarn : Baled

Tariff HSN

53081020

Description

Coir yarn : Spooled hanks

Tariff HSN

53081020

Description

Coir yarn : Spooled hanks

Tariff HSN

53081090

Description

Coir yarn : Other

Tariff HSN

53081090

Description

Coir yarn : Other

Tariff HSN

53082000

Description

True hemp yarn

Tariff HSN

53082000

Description

True hemp yarn

Tariff HSN

53089010

Description

Other : Ramie yarn

Tariff HSN

53089010

Description

Other : Ramie yarn

Tariff HSN

53089090

Description

Other : Other

Tariff HSN

53089090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 5308 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

₹34 Cr

+14.61% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹37 Cr

−10.46% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

−₹4 Cr

Trade Deficit

Surplus rank #559 of 1233 subchapters

% of Chapter 53

FY 2024-25

0.65%

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

Import side: 0.66% of Chapter 53’s imports

Rank Within Chapter 53

FY 2024-25

#9 of 10

Position by export value among subchapters in Chapter 53

Import-side rank: #7 of 10

At a glance

−2.06%

Export CAGR

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

#957

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+16.78%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.65%

Contribution to Ch. 53

Share of Chapter 53 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5308

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 #874

Balance

+25.96

Exports

38.14 ₹ Cr

0.0017% share

— YoY

1.22% of Ch. 53

Imports

12.18 ₹ Cr

0.0003% share

— YoY

0.55% of Ch. 53

FY 2019-20 Exp. Rank #868

Balance

+24.43

Exports

41.81 ₹ Cr

0.0019% share

+9.62% YoY

1.32% of Ch. 53

Imports

17.38 ₹ Cr

0.0005% share

+42.69% YoY

0.65% of Ch. 53

FY 2020-21 Exp. Rank #855

Balance

+0.46

Exports

42.26 ₹ Cr

0.0020% share

+1.08% YoY

1.07% of Ch. 53

Imports

41.80 ₹ Cr

0.0014% share

+140.51% YoY

2.25% of Ch. 53

FY 2021-22 Exp. Rank #878

Balance

−6.93

Exports

49.35 ₹ Cr

0.0016% share

+16.78% YoY

0.98% of Ch. 53

Imports

56.28 ₹ Cr

0.0012% share

+34.64% YoY

1.79% of Ch. 53

FY 2022-23 Exp. Rank #930

Balance

−5.89

Exports

35.72 ₹ Cr

0.0010% share

−27.62% YoY

0.95% of Ch. 53

Imports

41.61 ₹ Cr

0.0007% share

−26.07% YoY

0.99% of Ch. 53

FY 2023-24 Exp. Rank #963

Balance

−12.39

Exports

29.37 ₹ Cr

0.0008% share

−17.78% YoY

0.75% of Ch. 53

Imports

41.76 ₹ Cr

0.0007% share

+0.36% YoY

0.81% of Ch. 53

FY 2024-25 Exp. Rank #957

Balance

−3.73

Exports

33.66 ₹ Cr

0.0009% share

+14.61% YoY

0.65% of Ch. 53

Imports

37.39 ₹ Cr

0.0006% share

−10.46% YoY

0.66% of Ch. 53

CAGR · 7-Year

Exports

−2.06% /yr

Imports

20.55% /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 5308 Export-Import Analysis

Export Decline: −2.06% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5308 have declined at a compound annual rate of −2.06% over 7 fiscal years, falling from ₹38.14 Crore in FY 2018-19 to ₹33.66 Crore in FY 2024-25.

HSN Sub-Chapter 5308 Ranked #957 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5308 ranks #957 out of 1233 subchapters by total export value. Within Chapter 53, it ranks #9 of 10. By trade surplus, it ranks #559 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 5308 Exports

The strongest single-year export movement for HSN Sub-Chapter 5308 was recorded in FY 2021-22, when exports surged by 16.78% over the prior year.

India Records a Trade Deficit of ₹3.73 Crore in HSN Sub-Chapter 5308 Goods

In FY 2024-25, India's imports of ₹37.39 Cr exceeded exports of ₹33.66 Cr, resulting in a trade deficit of ₹3.73 Crore — ranking #559 of 1233 by surplus magnitude.

Import Growth of 20.55% CAGR Signals Rising Demand for Paper and yarn

India's imports under HSN Sub-Chapter 5308 have grown at 20.55% CAGR, reaching ₹37.39 Crore in FY 2024-25.

HSN Sub-Chapter 5308 Contributes 0.65% of Chapter 53 Exports — Ranked #9

Among the 10 subchapters under Chapter 53, HSN Sub-Chapter 5308 ranks #9 by export value — accounting for 0.65% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.66% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5308 and GST compliance.

What products are classified under HSN 5308

It includes Paper and yarn

Can I claim ITC on inputs and services used for Paper and yarn?

If your outward supply of Paper and yarn 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.

What misclassification mistakes happen with Paper and yarn?

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 Paper and yarn?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Paper and yarn are forward charge. Check the current notifications for any special cases before deciding.

How do I bill a kit or combo that includes Paper and yarn?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

How are warranty replacements of Paper and yarn 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.

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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