Consistent Export Growth: 8.71% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5703 have grown at a compound annual rate of 8.71% over 7 fiscal years, rising from ₹3,940.86 Crore in FY 2018-19 to ₹6,504.37 Crore in FY 2024-25.
HSN Sub Chapter 5703 represents Tufted carpets and coverings under GST classification. This code helps businesses identify Tufted carpets and coverings correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5703, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Tufted carpets and coverings.
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GST Rate for Tufted carpets and coverings under HSN Code 5703. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Tufted carpets and coverings.
Tariff HSN
Description
Of wool or fine animal hair : Carpets
Tariff HSN
Description
Of wool or fine animal hair : Mats and matting
Tariff HSN
Description
Of wool or fine animal hair : Other
Tariff HSN
Description
Carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : carpets, carpeting and rugs
Tariff HSN
Description
Carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : 100% polyamide tufted velour, cut pile or loop pile carpet mats with jute, rubber latex or pu foam backing
Tariff HSN
Description
Carpets and other textile floor coverings, tufted, whether or not made up - of nylon or other polyamides : other
Tariff HSN
Description
Of nylon or other polyamides : Turf
Tariff HSN
Description
Of nylon or other polyamides : Other: Carpets, carpeting and rugs
Tariff HSN
Description
Of nylon or other polyamides : Other: 100% polyamide tufted velour, or cut pile loop pile carpet mats with jute, rubber latex or PU foam backing
Tariff HSN
Description
Of nylon or other polyamides : Other: Other
Tariff HSN
Description
Carpets and other textile floor coverings, tufted, whether or not made up - of other man - made textile materials : carpets, carpeting and rugs
Tariff HSN
Description
Carpets and other textile floor coverings, tufted, whether or not made up - of other man - made textile materials : 100% polypropylene carpet mats with jute, rubber, latex or pu foam backing
Tariff HSN
Description
Carpets and other textile floor coverings, tufted, whether or not made up - of other man - made textile materials : other
Tariff HSN
Description
Of other man-made textile materials : Turf
Tariff HSN
Description
Of other man-made textile materials : Other: Carpets, carpeting and rugs
Tariff HSN
Description
Of other man-made textile materials : Other: 100% polypropylene carpet mats with jute, rubber, latex or PU foam backing
Tariff HSN
Description
Of other man-made textile materials : Other: Other
Tariff HSN
Description
Of other textile materials : Carpets and other floor coverings, of cotton, other than durries
Tariff HSN
Description
Of other textile materials : Carpets and floor coverings of Coir
Tariff HSN
Description
Of other textile materials : Other
India’s Exports
FY 2024-25₹6,504 Cr
0.1756% of India’s total exports
India’s Imports
FY 2024-25₹1,177 Cr
0.0193% of India’s total imports
Trade Balance
FY 2024-25₹5,328 Cr
Surplus rank #68 of 1233 subchapters
% of Chapter 57
FY 2024-2536.66%
Share of Chapter 57’s total exports in FY 2024-25
Import side: 79.77% of Chapter 57’s imports
Rank Within Chapter 57
FY 2024-25#1 of 5
Position by export value among subchapters in Chapter 57
Import-side rank: #1 of 5
At a glance
8.71%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#108
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+23.67%
Peak Growth Year
FY 2020-21 · strongest single-year move
36.66%
Contribution to Ch. 57
Share of Chapter 57 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
+3,288.72
Exports
3,940.86 ₹ Cr
0.1717% share
— YoY
31.87% of Ch. 57
Imports
652.14 ₹ Cr
0.0182% share
— YoY
76.57% of Ch. 57
Balance
+2,907.02
Exports
3,683.91 ₹ Cr
0.1668% share
−6.52% YoY
31.22% of Ch. 57
Imports
776.89 ₹ Cr
0.0232% share
+19.13% YoY
80.26% of Ch. 57
Balance
+4,054.09
Exports
4,555.88 ₹ Cr
0.2118% share
+23.67% YoY
32.99% of Ch. 57
Imports
501.79 ₹ Cr
0.0172% share
−35.41% YoY
77.15% of Ch. 57
Balance
+4,955.85
Exports
5,580.89 ₹ Cr
0.1778% share
+22.50% YoY
33.54% of Ch. 57
Imports
625.04 ₹ Cr
0.0137% share
+24.56% YoY
72.94% of Ch. 57
Balance
+3,852.07
Exports
4,853.23 ₹ Cr
0.1340% share
−13.04% YoY
33.01% of Ch. 57
Imports
1,001.16 ₹ Cr
0.0174% share
+60.18% YoY
77.19% of Ch. 57
Balance
+4,570.32
Exports
5,595.79 ₹ Cr
0.1547% share
+15.30% YoY
36.03% of Ch. 57
Imports
1,025.47 ₹ Cr
0.0183% share
+2.43% YoY
78.66% of Ch. 57
Balance
+5,327.81
Exports
6,504.37 ₹ Cr
0.1756% share
+16.24% YoY
36.66% of Ch. 57
Imports
1,176.56 ₹ Cr
0.0193% share
+14.73% YoY
79.77% of Ch. 57
CAGR · 7-Year
Exports
8.71% /yr
Imports
10.33% /yr
reference, FY 2024-25
Export
₹17,743.68 Cr
Import
₹1,474.92 Cr
Trade Balance
+16,268.76
India's exports under HSN Sub-Chapter 5703 have grown at a compound annual rate of 8.71% over 7 fiscal years, rising from ₹3,940.86 Crore in FY 2018-19 to ₹6,504.37 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5703 ranks #108 out of 1233 subchapters by total export value. Within Chapter 57, it ranks #1 of 5. By trade surplus, it ranks #68 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5703 was recorded in FY 2020-21, when exports surged by 23.67% over the prior year.
In FY 2024-25, India's exports of ₹6,504.37 Cr exceeded imports of ₹1,176.56 Cr, resulting in a trade surplus of ₹5,327.81 Crore — ranking #68 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5703 have grown at 10.33% CAGR, reaching ₹1,176.56 Crore in FY 2024-25.
Among the 5 subchapters under Chapter 57, HSN Sub-Chapter 5703 ranks #1 by export value — accounting for 36.66% of the chapter's total exports in FY 2024-25. On the import side, it holds 79.77% share (rank #1).
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 5703 and GST compliance.
It includes Tufted carpets and coverings
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.
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.
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.
Use a delivery challan for sending Tufted carpets and coverings to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.