Consistent Export Growth: 2.78% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5908 have grown at a compound annual rate of 2.78% over 7 fiscal years, rising from ₹20.10 Crore in FY 2018-19 to ₹23.70 Crore in FY 2024-25.
HSN Sub Chapter 5908 represents Textile wicks for lamps or stoves under GST classification. This code helps businesses identify Textile wicks for lamps or stoves correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5908, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Textile wicks for lamps or stoves.
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GST Rate for Textile wicks for lamps or stoves under HSN Code 5908. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Textile wicks for lamps or stoves.
Tariff HSN
Description
Textile wicks, woven, plaited or knitted, for lamps, stoves, lighters, candles or the like; incandescent gas mantles and tubular knitted gas mantle fabric therefor, whether or not impregnated : Wicks and gas mantle fabrics, of cotton
Tariff HSN
Description
Textile wicks, woven, plaited or knitted, for lamps, stoves, lighters, candles or the like; incandescent gas mantles and tubular knitted gas mantle fabric therefor, whether or not impregnated : Gas mantles of rayon
Tariff HSN
Description
Textile wicks, woven, plaited or knitted, for lamps, stoves, lighters, candles or the like; incandescent gas mantles and tubular knitted gas mantle fabric therefor, whether or not impregnated : Other
India’s Exports
FY 2024-25₹24 Cr
0.0006% of India’s total exports
India’s Imports
FY 2024-25₹9 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25₹14 Cr
Surplus rank #471 of 1233 subchapters
% of Chapter 59
FY 2024-250.56%
Share of Chapter 59’s total exports in FY 2024-25
Import side: 0.14% of Chapter 59’s imports
Rank Within Chapter 59
FY 2024-25#9 of 11
Position by export value among subchapters in Chapter 59
Import-side rank: #10 of 11
At a glance
2.78%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#990
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+68.01%
Peak Growth Year
FY 2019-20 · strongest single-year move
0.56%
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
+15.02
Exports
20.10 ₹ Cr
0.0009% share
— YoY
1.11% of Ch. 59
Imports
5.08 ₹ Cr
0.0001% share
— YoY
0.08% of Ch. 59
Balance
+29.77
Exports
33.77 ₹ Cr
0.0015% share
+68.01% YoY
1.64% of Ch. 59
Imports
4.00 ₹ Cr
0.0001% share
−21.26% YoY
0.08% of Ch. 59
Balance
+26.55
Exports
34.94 ₹ Cr
0.0016% share
+3.46% YoY
1.30% of Ch. 59
Imports
8.39 ₹ Cr
0.0003% share
+109.75% YoY
0.21% of Ch. 59
Balance
+17.58
Exports
26.22 ₹ Cr
0.0008% share
−24.96% YoY
0.79% of Ch. 59
Imports
8.64 ₹ Cr
0.0002% share
+2.98% YoY
0.14% of Ch. 59
Balance
+24.03
Exports
31.09 ₹ Cr
0.0009% share
+18.57% YoY
0.99% of Ch. 59
Imports
7.06 ₹ Cr
0.0001% share
−18.29% YoY
0.10% of Ch. 59
Balance
+17.06
Exports
26.83 ₹ Cr
0.0007% share
−13.70% YoY
0.68% of Ch. 59
Imports
9.77 ₹ Cr
0.0002% share
+38.39% YoY
0.15% of Ch. 59
Balance
+14.36
Exports
23.70 ₹ Cr
0.0006% share
−11.67% YoY
0.56% of Ch. 59
Imports
9.34 ₹ Cr
0.0002% share
−4.40% YoY
0.14% of Ch. 59
CAGR · 7-Year
Exports
2.78% /yr
Imports
10.68% /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 5908 have grown at a compound annual rate of 2.78% over 7 fiscal years, rising from ₹20.10 Crore in FY 2018-19 to ₹23.70 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5908 ranks #990 out of 1233 subchapters by total export value. Within Chapter 59, it ranks #9 of 11. By trade surplus, it ranks #471 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5908 was recorded in FY 2019-20, when exports surged by 68.01% over the prior year.
In FY 2024-25, India's exports of ₹23.70 Cr exceeded imports of ₹9.34 Cr, resulting in a trade surplus of ₹14.36 Crore — ranking #471 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5908 have grown at 10.68% CAGR, reaching ₹9.34 Crore in FY 2024-25.
Among the 11 subchapters under Chapter 59, HSN Sub-Chapter 5908 ranks #9 by export value — accounting for 0.56% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.14% share (rank #10).
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 5908 and GST compliance.
It includes Textile wicks for lamps or stoves
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
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.
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.
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.
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.