Consistent Export Growth: 7.50% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5704 have grown at a compound annual rate of 7.50% over 7 fiscal years, rising from ₹23.21 Crore in FY 2018-19 to ₹35.82 Crore in FY 2024-25.
HSN Sub Chapter 5704 represents Felt carpets & floor coverings under GST classification. This code helps businesses identify Felt carpets & floor coverings correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5704, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Felt carpets & floor coverings.
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GST Rate for Felt carpets & floor coverings under HSN Code 5704. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Felt carpets & floor coverings.
Tariff HSN
Description
Tiles, having a maximum surface area of 0.3 m2
Tariff HSN
Description
Tiles, having a maximum surface area exceeding 0.3 m2 but not exceeding 1 m2: Cotton
Tariff HSN
Description
Tiles, having a maximum surface area exceeding 0.3 m2 but not exceeding 1 m2: Woollen, other than artware
Tariff HSN
Description
Tiles, having a maximum surface area exceeding 0.3 m2 but not exceeding 1 m2: Other
Tariff HSN
Description
Other : Cotton
Tariff HSN
Description
Other : woollen, other than artware
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹36 Cr
0.0010% of India’s total exports
India’s Imports
FY 2024-25₹7 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25₹29 Cr
Surplus rank #455 of 1233 subchapters
% of Chapter 57
FY 2024-250.20%
Share of Chapter 57’s total exports in FY 2024-25
Import side: 0.48% of Chapter 57’s imports
Rank Within Chapter 57
FY 2024-25#5 of 5
Position by export value among subchapters in Chapter 57
Import-side rank: #5 of 5
At a glance
7.50%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#948
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+99.44%
Peak Growth Year
FY 2019-20 · strongest single-year move
0.20%
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
+11.66
Exports
23.21 ₹ Cr
0.0010% share
— YoY
0.19% of Ch. 57
Imports
11.55 ₹ Cr
0.0003% share
— YoY
1.36% of Ch. 57
Balance
+36.61
Exports
46.29 ₹ Cr
0.0021% share
+99.44% YoY
0.39% of Ch. 57
Imports
9.68 ₹ Cr
0.0003% share
−16.19% YoY
1.00% of Ch. 57
Balance
+20.45
Exports
26.49 ₹ Cr
0.0012% share
−42.77% YoY
0.19% of Ch. 57
Imports
6.04 ₹ Cr
0.0002% share
−37.60% YoY
0.93% of Ch. 57
Balance
+16.01
Exports
25.46 ₹ Cr
0.0008% share
−3.89% YoY
0.15% of Ch. 57
Imports
9.45 ₹ Cr
0.0002% share
+56.46% YoY
1.10% of Ch. 57
Balance
+21.23
Exports
33.25 ₹ Cr
0.0009% share
+30.60% YoY
0.23% of Ch. 57
Imports
12.02 ₹ Cr
0.0002% share
+27.20% YoY
0.93% of Ch. 57
Balance
+31.23
Exports
39.95 ₹ Cr
0.0011% share
+20.15% YoY
0.26% of Ch. 57
Imports
8.72 ₹ Cr
0.0002% share
−27.45% YoY
0.67% of Ch. 57
Balance
+28.73
Exports
35.82 ₹ Cr
0.0010% share
−10.34% YoY
0.20% of Ch. 57
Imports
7.09 ₹ Cr
0.0001% share
−18.69% YoY
0.48% of Ch. 57
CAGR · 7-Year
Exports
7.50% /yr
Imports
−7.81% /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 5704 have grown at a compound annual rate of 7.50% over 7 fiscal years, rising from ₹23.21 Crore in FY 2018-19 to ₹35.82 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5704 ranks #948 out of 1233 subchapters by total export value. Within Chapter 57, it ranks #5 of 5. By trade surplus, it ranks #455 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5704 was recorded in FY 2019-20, when exports surged by 99.44% over the prior year.
In FY 2024-25, India's exports of ₹35.82 Cr exceeded imports of ₹7.09 Cr, resulting in a trade surplus of ₹28.73 Crore — ranking #455 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5704 have grown at −7.81% CAGR, reaching ₹7.09 Crore in FY 2024-25.
Among the 5 subchapters under Chapter 57, HSN Sub-Chapter 5704 ranks #5 by export value — accounting for 0.20% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.48% 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 5704 and GST compliance.
It includes Felt carpets & floor coverings
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.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Felt carpets & floor coverings are forward charge. Check the current notifications for any special cases before deciding.
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.
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.