Export Decline: −0.15% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 6001 have declined at a compound annual rate of −0.15% over 7 fiscal years, falling from ₹117.04 Crore in FY 2018-19 to ₹115.99 Crore in FY 2024-25.
HSN Sub Chapter 6001 represents Knitted pile fabrics & terry fabrics under GST classification. This code helps businesses identify Knitted pile fabrics & terry fabrics correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 6001, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Knitted pile fabrics & terry fabrics.
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GST Rate for Knitted pile fabrics & terry fabrics under HSN Code 6001. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Knitted pile fabrics & terry fabrics.
Tariff HSN
Description
“Long pile” fabrics : Of cotton
Tariff HSN
Description
“Long pile” fabrics : Of man-made fibres
Tariff HSN
Description
“Long pile” fabrics : Of other textile materials
Tariff HSN
Description
Looped pile fabrics : Of cotton
Tariff HSN
Description
Looped pile fabrics : Of man-made fibres
Tariff HSN
Description
Looped pile fabrics : Of other textile materials
Tariff HSN
Description
Other : Of cotton
Tariff HSN
Description
Other : Of man-made fibres
Tariff HSN
Description
Other : Of other textile materials : Of wool or fine animal hair
Tariff HSN
Description
Other : Of other textile materials : Other
India’s Exports
FY 2024-25₹116 Cr
0.0031% of India’s total exports
India’s Imports
FY 2024-25₹1,623 Cr
0.0266% of India’s total imports
Trade Balance
FY 2024-25−₹1,507 Cr
Surplus rank #1001 of 1233 subchapters
% of Chapter 60
FY 2024-252.32%
Share of Chapter 60’s total exports in FY 2024-25
Import side: 21.45% of Chapter 60’s imports
Rank Within Chapter 60
FY 2024-25#4 of 6
Position by export value among subchapters in Chapter 60
Import-side rank: #2 of 6
At a glance
−0.15%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#805
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+296.17%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.32%
Contribution to Ch. 60
Share of Chapter 60 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
−191.78
Exports
117.04 ₹ Cr
0.0051% share
— YoY
3.80% of Ch. 60
Imports
308.82 ₹ Cr
0.0086% share
— YoY
7.80% of Ch. 60
Balance
−231.04
Exports
115.48 ₹ Cr
0.0052% share
−1.33% YoY
3.86% of Ch. 60
Imports
346.52 ₹ Cr
0.0103% share
+12.21% YoY
8.91% of Ch. 60
Balance
−198.75
Exports
115.41 ₹ Cr
0.0054% share
−0.06% YoY
3.23% of Ch. 60
Imports
314.16 ₹ Cr
0.0108% share
−9.34% YoY
8.77% of Ch. 60
Balance
−36.49
Exports
457.22 ₹ Cr
0.0146% share
+296.17% YoY
7.21% of Ch. 60
Imports
493.71 ₹ Cr
0.0108% share
+57.15% YoY
9.83% of Ch. 60
Balance
−431.94
Exports
263.12 ₹ Cr
0.0073% share
−42.45% YoY
5.71% of Ch. 60
Imports
695.06 ₹ Cr
0.0121% share
+40.78% YoY
11.44% of Ch. 60
Balance
−667.85
Exports
88.96 ₹ Cr
0.0025% share
−66.19% YoY
2.28% of Ch. 60
Imports
756.81 ₹ Cr
0.0135% share
+8.88% YoY
12.56% of Ch. 60
Balance
−1,506.61
Exports
115.99 ₹ Cr
0.0031% share
+30.38% YoY
2.32% of Ch. 60
Imports
1,622.60 ₹ Cr
0.0266% share
+114.40% YoY
21.45% of Ch. 60
CAGR · 7-Year
Exports
−0.15% /yr
Imports
31.85% /yr
reference, FY 2024-25
Export
₹4,998.91 Cr
Import
₹7,565.50 Cr
Trade Balance
−2,566.59
India's exports under HSN Sub-Chapter 6001 have declined at a compound annual rate of −0.15% over 7 fiscal years, falling from ₹117.04 Crore in FY 2018-19 to ₹115.99 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 6001 ranks #805 out of 1233 subchapters by total export value. Within Chapter 60, it ranks #4 of 6. By trade surplus, it ranks #1001 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 6001 was recorded in FY 2021-22, when exports surged by 296.17% over the prior year.
In FY 2024-25, India's imports of ₹1,622.60 Cr exceeded exports of ₹115.99 Cr, resulting in a trade deficit of ₹1,506.61 Crore — ranking #1001 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 6001 have grown at 31.85% CAGR, reaching ₹1,622.60 Crore in FY 2024-25.
Among the 6 subchapters under Chapter 60, HSN Sub-Chapter 6001 ranks #4 by export value — accounting for 2.32% of the chapter's total exports in FY 2024-25. On the import side, it holds 21.45% share (rank #2).
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 6001 and GST compliance.
It includes Knitted pile fabrics & terry fabrics
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.
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Knitted pile fabrics & terry fabrics is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Knitted pile fabrics & terry fabrics are forward charge. Check the current notifications for any special cases before deciding.