Consistent Export Growth: 9.36% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5608 have grown at a compound annual rate of 9.36% over 7 fiscal years, rising from ₹518.47 Crore in FY 2018-19 to ₹886.94 Crore in FY 2024-25.
HSN Sub Chapter 5608 represents Textile nets & fishing gear under GST classification. This code helps businesses identify Textile nets & fishing gear correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5608, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Textile nets & fishing gear.
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GST Rate for Textile nets & fishing gear under HSN Code 5608. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Textile nets & fishing gear.
Tariff HSN
Description
Of man-made textile materials : Made up fishing nets : Made up fishing nets of nylon
Tariff HSN
Description
Of man-made textile materials : Made up fishing nets : Other
Tariff HSN
Description
Of man-made textile materials : Other
Tariff HSN
Description
Other : Of cotton
Tariff HSN
Description
Other : Of jute
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹887 Cr
0.0239% of India’s total exports
India’s Imports
FY 2024-25₹265 Cr
0.0043% of India’s total imports
Trade Balance
FY 2024-25₹622 Cr
Surplus rank #239 of 1233 subchapters
% of Chapter 56
FY 2024-2515.74%
Share of Chapter 56’s total exports in FY 2024-25
Import side: 6.59% of Chapter 56’s imports
Rank Within Chapter 56
FY 2024-25#3 of 9
Position by export value among subchapters in Chapter 56
Import-side rank: #5 of 9
At a glance
9.36%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#408
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+19.30%
Peak Growth Year
FY 2022-23 · strongest single-year move
15.74%
Contribution to Ch. 56
Share of Chapter 56 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
+421.81
Exports
518.47 ₹ Cr
0.0226% share
— YoY
17.34% of Ch. 56
Imports
96.66 ₹ Cr
0.0027% share
— YoY
3.83% of Ch. 56
Balance
+406.92
Exports
528.56 ₹ Cr
0.0239% share
+1.95% YoY
18.07% of Ch. 56
Imports
121.64 ₹ Cr
0.0036% share
+25.84% YoY
4.52% of Ch. 56
Balance
+390.95
Exports
580.07 ₹ Cr
0.0270% share
+9.75% YoY
15.82% of Ch. 56
Imports
189.12 ₹ Cr
0.0065% share
+55.48% YoY
7.69% of Ch. 56
Balance
+345.66
Exports
588.88 ₹ Cr
0.0188% share
+1.52% YoY
14.17% of Ch. 56
Imports
243.22 ₹ Cr
0.0053% share
+28.61% YoY
7.35% of Ch. 56
Balance
+488.43
Exports
702.51 ₹ Cr
0.0194% share
+19.30% YoY
16.93% of Ch. 56
Imports
214.08 ₹ Cr
0.0037% share
−11.98% YoY
6.16% of Ch. 56
Balance
+563.17
Exports
759.98 ₹ Cr
0.0210% share
+8.18% YoY
15.96% of Ch. 56
Imports
196.81 ₹ Cr
0.0035% share
−8.07% YoY
5.68% of Ch. 56
Balance
+622.41
Exports
886.94 ₹ Cr
0.0239% share
+16.71% YoY
15.74% of Ch. 56
Imports
264.53 ₹ Cr
0.0043% share
+34.41% YoY
6.59% of Ch. 56
CAGR · 7-Year
Exports
9.36% /yr
Imports
18.27% /yr
reference, FY 2024-25
Export
₹5,635.62 Cr
Import
₹4,012.67 Cr
Trade Balance
+1,622.95
India's exports under HSN Sub-Chapter 5608 have grown at a compound annual rate of 9.36% over 7 fiscal years, rising from ₹518.47 Crore in FY 2018-19 to ₹886.94 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5608 ranks #408 out of 1233 subchapters by total export value. Within Chapter 56, it ranks #3 of 9. By trade surplus, it ranks #239 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5608 was recorded in FY 2022-23, when exports surged by 19.30% over the prior year.
In FY 2024-25, India's exports of ₹886.94 Cr exceeded imports of ₹264.53 Cr, resulting in a trade surplus of ₹622.41 Crore — ranking #239 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5608 have grown at 18.27% CAGR, reaching ₹264.53 Crore in FY 2024-25.
Among the 9 subchapters under Chapter 56, HSN Sub-Chapter 5608 ranks #3 by export value — accounting for 15.74% of the chapter's total exports in FY 2024-25. On the import side, it holds 6.59% 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 5608 and GST compliance.
It includes Textile nets & fishing gear
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Textile nets & fishing gear are forward charge. Check the current notifications for any special cases before deciding.