Consistent Export Growth: 18.86% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5903 have grown at a compound annual rate of 18.86% over 7 fiscal years, rising from ₹930.92 Crore in FY 2018-19 to ₹2,625.20 Crore in FY 2024-25.
HSN Sub Chapter 5903 represents Laminated textile fabrics under GST classification. This code helps businesses identify Laminated textile fabrics correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5903, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Laminated textile fabrics.
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GST Rate for Laminated textile fabrics under HSN Code 5903. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Laminated textile fabrics.
Tariff HSN
Description
With polyvinyl chloride : Imitation leather fabrics of cotton
Tariff HSN
Description
With polyvinyl chloride : Other
Tariff HSN
Description
With polyurethane : Imitation leather fabrics, of cotton
Tariff HSN
Description
With polyurethane : Other
Tariff HSN
Description
Other: Of cotton
Tariff HSN
Description
Other: Polyethylene laminated jute fabrics
Tariff HSN
Description
Other: Other
India’s Exports
FY 2024-25₹2,625 Cr
0.0709% of India’s total exports
India’s Imports
FY 2024-25₹3,449 Cr
0.0566% of India’s total imports
Trade Balance
FY 2024-25−₹823 Cr
Surplus rank #935 of 1233 subchapters
% of Chapter 59
FY 2024-2561.65%
Share of Chapter 59’s total exports in FY 2024-25
Import side: 50.43% of Chapter 59’s imports
Rank Within Chapter 59
FY 2024-25#1 of 11
Position by export value among subchapters in Chapter 59
Import-side rank: #1 of 11
At a glance
18.86%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#221
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+51.39%
Peak Growth Year
FY 2020-21 · strongest single-year move
61.65%
Contribution to Ch. 59
Share of Chapter 59 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
−2,021.66
Exports
930.92 ₹ Cr
0.0406% share
— YoY
51.59% of Ch. 59
Imports
2,952.58 ₹ Cr
0.0822% share
— YoY
48.33% of Ch. 59
Balance
−1,555.27
Exports
1,150.58 ₹ Cr
0.0521% share
+23.60% YoY
55.72% of Ch. 59
Imports
2,705.85 ₹ Cr
0.0807% share
−8.36% YoY
51.50% of Ch. 59
Balance
+52.90
Exports
1,741.85 ₹ Cr
0.0810% share
+51.39% YoY
64.81% of Ch. 59
Imports
1,688.95 ₹ Cr
0.0580% share
−37.58% YoY
42.77% of Ch. 59
Balance
−475.45
Exports
1,971.44 ₹ Cr
0.0628% share
+13.18% YoY
59.68% of Ch. 59
Imports
2,446.89 ₹ Cr
0.0535% share
+44.88% YoY
38.42% of Ch. 59
Balance
−1,581.28
Exports
1,675.71 ₹ Cr
0.0463% share
−15.00% YoY
53.55% of Ch. 59
Imports
3,256.99 ₹ Cr
0.0566% share
+33.11% YoY
47.20% of Ch. 59
Balance
−756.09
Exports
2,239.54 ₹ Cr
0.0619% share
+33.65% YoY
56.42% of Ch. 59
Imports
2,995.63 ₹ Cr
0.0533% share
−8.02% YoY
46.87% of Ch. 59
Balance
−823.35
Exports
2,625.20 ₹ Cr
0.0709% share
+17.22% YoY
61.65% of Ch. 59
Imports
3,448.55 ₹ Cr
0.0566% share
+15.12% YoY
50.43% of Ch. 59
CAGR · 7-Year
Exports
18.86% /yr
Imports
2.62% /yr
reference, FY 2024-25
Export
₹4,258.45 Cr
Import
₹6,838.06 Cr
Trade Balance
−2,579.61
India's exports under HSN Sub-Chapter 5903 have grown at a compound annual rate of 18.86% over 7 fiscal years, rising from ₹930.92 Crore in FY 2018-19 to ₹2,625.20 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5903 ranks #221 out of 1233 subchapters by total export value. Within Chapter 59, it ranks #1 of 11. By trade surplus, it ranks #935 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5903 was recorded in FY 2020-21, when exports surged by 51.39% over the prior year.
In FY 2024-25, India's imports of ₹3,448.55 Cr exceeded exports of ₹2,625.20 Cr, resulting in a trade deficit of ₹823.35 Crore — ranking #935 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5903 have grown at 2.62% CAGR, reaching ₹3,448.55 Crore in FY 2024-25.
Among the 11 subchapters under Chapter 59, HSN Sub-Chapter 5903 ranks #1 by export value — accounting for 61.65% of the chapter's total exports in FY 2024-25. On the import side, it holds 50.43% 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 5903 and GST compliance.
It includes Laminated textile fabrics
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Laminated textile fabrics are forward charge. Check the current notifications for any special cases before deciding.
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.
If your outward supply of Laminated textile 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.
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.