5602 HSN Code: Felt, Coated Or Laminated

HSN Sub Chapter 5602 represents Felt, Coated Or Laminated under GST classification. This code helps businesses identify Felt, Coated Or Laminated correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5602, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Felt, Coated Or Laminated.

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New GST Rate for HSN Code 5602

GST Rate for Felt, Coated Or Laminated under HSN Code 5602. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

56

HSN Code

5602

HSN Description

Felt, whether or not impregnated, coated, covered or laminated

New GST Rate

18 %
Standard

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 5602

Following tariff HSN codes fall under Felt, Coated Or Laminated.

Tariff HSN

56021000

Description

Needleloom felt and stitch-bonded fibre fabrics

Tariff HSN

56022100

Description

Other felt, not impregnated, coated, covered or laminated : Of wool or fine animal hair

Tariff HSN

56022910

Description

Other felt, not impregnated, coated, covered or laminated : Of other textile materials : For machines other than cotton machinery

Tariff HSN

56022920

Description

Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Of jute (including blended or union jute), other than for machinery

Tariff HSN

56022990

Description

Other felt, not impregnated, coated, covered or laminated : Of other textile materials : Other

Tariff HSN

56029010

Description

Other : Of Rubberised coir, needled felt

Tariff HSN

56029090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 5602 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

₹139 Cr

+8.07% vs FY 2023-24

0.0038% of India’s total exports

India’s Imports

FY 2024-25

₹193 Cr

+14.68% vs FY 2023-24

0.0032% of India’s total imports

Trade Balance

FY 2024-25

−₹53 Cr

Trade Deficit

Surplus rank #681 of 1233 subchapters

% of Chapter 56

FY 2024-25

2.47%

Share of Chapter 56’s total exports in FY 2024-25

Import side: 4.81% of Chapter 56’s imports

Rank Within Chapter 56

FY 2024-25

#7 of 9

Position by export value among subchapters in Chapter 56

Import-side rank: #6 of 9

At a glance

11.62%

Export CAGR

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

#779

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+30.87%

Peak Growth Year

FY 2021-22 · strongest single-year move

2.47%

Contribution to Ch. 56

Share of Chapter 56 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 5602

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 #772

Balance

−45.40

Exports

72.09 ₹ Cr

0.0031% share

— YoY

2.41% of Ch. 56

Imports

117.49 ₹ Cr

0.0033% share

— YoY

4.65% of Ch. 56

FY 2019-20 Exp. Rank #763

Balance

−26.24

Exports

81.45 ₹ Cr

0.0037% share

+12.98% YoY

2.78% of Ch. 56

Imports

107.69 ₹ Cr

0.0032% share

−8.34% YoY

4.00% of Ch. 56

FY 2020-21 Exp. Rank #736

Balance

−4.21

Exports

95.12 ₹ Cr

0.0044% share

+16.78% YoY

2.59% of Ch. 56

Imports

99.33 ₹ Cr

0.0034% share

−7.76% YoY

4.04% of Ch. 56

FY 2021-22 Exp. Rank #746

Balance

−24.90

Exports

124.48 ₹ Cr

0.0040% share

+30.87% YoY

2.99% of Ch. 56

Imports

149.38 ₹ Cr

0.0033% share

+50.39% YoY

4.52% of Ch. 56

FY 2022-23 Exp. Rank #790

Balance

−58.76

Exports

113.10 ₹ Cr

0.0031% share

−9.14% YoY

2.73% of Ch. 56

Imports

171.86 ₹ Cr

0.0030% share

+15.05% YoY

4.94% of Ch. 56

FY 2023-24 Exp. Rank #768

Balance

−39.11

Exports

129.04 ₹ Cr

0.0036% share

+14.09% YoY

2.71% of Ch. 56

Imports

168.15 ₹ Cr

0.0030% share

−2.16% YoY

4.85% of Ch. 56

FY 2024-25 Exp. Rank #779

Balance

−53.38

Exports

139.45 ₹ Cr

0.0038% share

+8.07% YoY

2.47% of Ch. 56

Imports

192.83 ₹ Cr

0.0032% share

+14.68% YoY

4.81% of Ch. 56

CAGR · 7-Year

Exports

11.62% /yr

Imports

8.61% /yr

Consistently Deficit
Chapter 56 total

reference, FY 2024-25

Export

₹5,635.62 Cr

Import

₹4,012.67 Cr

Trade Balance

+1,622.95

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

Key Trade Insights: HSN Sub-Chapter 5602 Export-Import Analysis

Consistent Export Growth: 11.62% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 5602 have grown at a compound annual rate of 11.62% over 7 fiscal years, rising from ₹72.09 Crore in FY 2018-19 to ₹139.45 Crore in FY 2024-25.

HSN Sub-Chapter 5602 Ranked #779 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 5602 ranks #779 out of 1233 subchapters by total export value. Within Chapter 56, it ranks #7 of 9. By trade surplus, it ranks #681 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 5602 Exports

The strongest single-year export movement for HSN Sub-Chapter 5602 was recorded in FY 2021-22, when exports surged by 30.87% over the prior year.

India Records a Trade Deficit of ₹53.38 Crore in HSN Sub-Chapter 5602 Goods

In FY 2024-25, India's imports of ₹192.83 Cr exceeded exports of ₹139.45 Cr, resulting in a trade deficit of ₹53.38 Crore — ranking #681 of 1233 by surplus magnitude.

Import Growth of 8.61% CAGR Signals Stable Import Dependency for Felt, Coated Or Laminated

India's imports under HSN Sub-Chapter 5602 have grown at 8.61% CAGR, reaching ₹192.83 Crore in FY 2024-25.

HSN Sub-Chapter 5602 Contributes 2.47% of Chapter 56 Exports — Ranked #7

Among the 9 subchapters under Chapter 56, HSN Sub-Chapter 5602 ranks #7 by export value — accounting for 2.47% of the chapter's total exports in FY 2024-25. On the import side, it holds 4.81% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 5602 and GST compliance.

What products are classified under HSN 5602

It includes Felt, Coated Or Laminated

Can I claim ITC on inputs and services used for Felt, Coated Or Laminated?

If your outward supply of Felt, Coated Or Laminated 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.

Any import/export nuance for Felt, Coated Or Laminated?

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.

Any special steps when selling Felt, Coated Or Laminated 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.

What are the e‑way bill and e‑invoice points while moving Felt, Coated Or Laminated?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

How do I bill a kit or combo that includes Felt, Coated Or Laminated?

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.

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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