Consistent Export Growth: 0.46% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5408 have grown at a compound annual rate of 0.46% over 7 fiscal years, rising from ₹288.22 Crore in FY 2018-19 to ₹296.30 Crore in FY 2024-25.
HSN Sub Chapter 5408 represents Woven artificial fabrics under GST classification. This code helps businesses identify Woven artificial fabrics correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5408, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Woven artificial fabrics.
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GST Rate for Woven artificial fabrics under HSN Code 5408. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Woven artificial fabrics.
Tariff HSN
Description
Woven fabrics obtained from high tenacity yarn of viscose rayon
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Unbleached or bleached : Unbleached
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Unbleached or bleached : Bleached
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon crepe fabrics
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon jacquards
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon brocades
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon georgette
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon tafetta
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon suitings
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon shirtings
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Rayon sarees
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of rayon : Other
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Fabrics of continuous filament, other than rayon
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Other than rayon
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Of yarns of different colours thn rayon
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon crepe fabrics
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon jacquards
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon brocades
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon georgette
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon tafetta
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon suitings
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon shirtings
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Rayon sarees
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Of rayon : Other
Tariff HSN
Description
Other woven fabrics, containing 85% or more by weight of artificial filament or strip or the like : Dyed : Printed : Other
Tariff HSN
Description
Other woven fabrics : Unbleached or bleached : Unbleached
Tariff HSN
Description
Other woven fabrics : Unbleached or bleached : Bleached
Tariff HSN
Description
Other woven fabrics : Dyed : Fabrics of rayon : Rayon brocades
Tariff HSN
Description
Other woven fabrics : Dyed : Fabrics of rayon : Rayon georgette
Tariff HSN
Description
Other woven fabrics : Dyed : Fabrics of rayon : Rayon tafetta
Tariff HSN
Description
Other woven fabrics : Dyed : Fabrics of rayon : Rayon suitings
Tariff HSN
Description
Other woven fabrics : Dyed : Fabrics of rayon : Rayon shirtings
Tariff HSN
Description
Other woven fabrics : Dyed : Fabrics of rayon : Other
Tariff HSN
Description
Other woven fabrics : Dyed : Other
Tariff HSN
Description
Other woven fabrics : Of yarns of different colours
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon crepe fabrics
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon jacquards
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon brocades
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon georgette
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon tafetta
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon suitings
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon shirtings
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Rayon sarees
Tariff HSN
Description
Other woven fabrics : Printed : Fabric of rayon : Other
Tariff HSN
Description
Other woven fabrics : Printed : Fabrics of continuous filament, other than rayon
Tariff HSN
Description
Other woven fabrics : Printed : Other
India’s Exports
FY 2024-25₹296 Cr
0.0080% of India’s total exports
India’s Imports
FY 2024-25₹153 Cr
0.0025% of India’s total imports
Trade Balance
FY 2024-25₹144 Cr
Surplus rank #362 of 1233 subchapters
% of Chapter 54
FY 2024-251.98%
Share of Chapter 54’s total exports in FY 2024-25
Import side: 1.19% of Chapter 54’s imports
Rank Within Chapter 54
FY 2024-25#4 of 8
Position by export value among subchapters in Chapter 54
Import-side rank: #5 of 8
At a glance
0.46%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#624
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+41.10%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.98%
Contribution to Ch. 54
Share of Chapter 54 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
+127.08
Exports
288.22 ₹ Cr
0.0126% share
— YoY
1.80% of Ch. 54
Imports
161.14 ₹ Cr
0.0045% share
— YoY
2.35% of Ch. 54
Balance
+89.59
Exports
279.98 ₹ Cr
0.0127% share
−2.86% YoY
1.65% of Ch. 54
Imports
190.39 ₹ Cr
0.0057% share
+18.15% YoY
2.59% of Ch. 54
Balance
+143.04
Exports
241.74 ₹ Cr
0.0112% share
−13.66% YoY
2.11% of Ch. 54
Imports
98.70 ₹ Cr
0.0034% share
−48.16% YoY
1.47% of Ch. 54
Balance
+169.09
Exports
341.10 ₹ Cr
0.0109% share
+41.10% YoY
1.89% of Ch. 54
Imports
172.01 ₹ Cr
0.0038% share
+74.28% YoY
1.54% of Ch. 54
Balance
+137.59
Exports
332.85 ₹ Cr
0.0092% share
−2.42% YoY
2.12% of Ch. 54
Imports
195.26 ₹ Cr
0.0034% share
+13.52% YoY
1.37% of Ch. 54
Balance
+98.00
Exports
272.95 ₹ Cr
0.0075% share
−18.00% YoY
1.87% of Ch. 54
Imports
174.95 ₹ Cr
0.0031% share
−10.40% YoY
1.28% of Ch. 54
Balance
+143.63
Exports
296.30 ₹ Cr
0.0080% share
+8.55% YoY
1.98% of Ch. 54
Imports
152.67 ₹ Cr
0.0025% share
−12.74% YoY
1.19% of Ch. 54
CAGR · 7-Year
Exports
0.46% /yr
Imports
−0.90% /yr
reference, FY 2024-25
Export
₹14,969.99 Cr
Import
₹12,823.04 Cr
Trade Balance
+2,146.95
India's exports under HSN Sub-Chapter 5408 have grown at a compound annual rate of 0.46% over 7 fiscal years, rising from ₹288.22 Crore in FY 2018-19 to ₹296.30 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5408 ranks #624 out of 1233 subchapters by total export value. Within Chapter 54, it ranks #4 of 8. By trade surplus, it ranks #362 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5408 was recorded in FY 2021-22, when exports surged by 41.10% over the prior year.
In FY 2024-25, India's exports of ₹296.30 Cr exceeded imports of ₹152.67 Cr, resulting in a trade surplus of ₹143.63 Crore — ranking #362 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5408 have grown at −0.90% CAGR, reaching ₹152.67 Crore in FY 2024-25.
Among the 8 subchapters under Chapter 54, HSN Sub-Chapter 5408 ranks #4 by export value — accounting for 1.98% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.19% share (rank #5).
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 5408 and GST compliance.
It includes Woven artificial fabrics
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.
If your outward supply of Woven artificial fabrics 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.
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.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
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.
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.