6002 HSN Code: Knitted elastomeric fabrics

HSN Sub Chapter 6002 represents Knitted elastomeric fabrics under GST classification. This code helps businesses identify Knitted elastomeric fabrics correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 6002, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Knitted elastomeric fabrics.

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New GST Rate for HSN Code 6002

GST Rate for Knitted elastomeric fabrics under HSN Code 6002. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

60

HSN Code

6002

HSN Description

Knitted or crocheted fabrics of a width not exceeding 30 cm, containing by weight 5% or more of elastomeric yarn or rubber thread, other than those of heading 6001

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 6002

Following tariff HSN codes fall under Knitted elastomeric fabrics.

Tariff HSN

60024000

Description

Containing by weight 5% or more of elastomeric yarn but not containing rubber thread

Tariff HSN

60029000

Description

Other

India’s Trade Performance — HSN Sub-Chapter 6002 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹28 Cr

+26.80% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹34 Cr

+89.99% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

−₹5 Cr

Trade Deficit

Surplus rank #566 of 1233 subchapters

% of Chapter 60

FY 2024-25

0.57%

Share of Chapter 60’s total exports in FY 2024-25

Import side: 0.44% of Chapter 60’s imports

Rank Within Chapter 60

FY 2024-25

#6 of 6

Position by export value among subchapters in Chapter 60

Import-side rank: #5 of 6

At a glance

−10.27%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#969

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+26.80%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.57%

Contribution to Ch. 60

Share of Chapter 60 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 6002

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #822

Balance

+46.98

Exports

54.14 ₹ Cr

0.0024% share

— YoY

1.76% of Ch. 60

Imports

7.16 ₹ Cr

0.0002% share

— YoY

0.18% of Ch. 60

FY 2019-20 Exp. Rank #892

Balance

+24.14

Exports

33.79 ₹ Cr

0.0015% share

−37.59% YoY

1.13% of Ch. 60

Imports

9.65 ₹ Cr

0.0003% share

+34.78% YoY

0.25% of Ch. 60

FY 2020-21 Exp. Rank #872

Balance

+26.52

Exports

37.70 ₹ Cr

0.0018% share

+11.57% YoY

1.06% of Ch. 60

Imports

11.18 ₹ Cr

0.0004% share

+15.85% YoY

0.31% of Ch. 60

FY 2021-22 Exp. Rank #900

Balance

+20.56

Exports

40.81 ₹ Cr

0.0013% share

+8.25% YoY

0.64% of Ch. 60

Imports

20.25 ₹ Cr

0.0004% share

+81.13% YoY

0.40% of Ch. 60

FY 2022-23 Exp. Rank #941

Balance

+6.49

Exports

31.33 ₹ Cr

0.0009% share

−23.23% YoY

0.68% of Ch. 60

Imports

24.84 ₹ Cr

0.0004% share

+22.67% YoY

0.41% of Ch. 60

FY 2023-24 Exp. Rank #986

Balance

+4.59

Exports

22.28 ₹ Cr

0.0006% share

−28.89% YoY

0.57% of Ch. 60

Imports

17.69 ₹ Cr

0.0003% share

−28.78% YoY

0.29% of Ch. 60

FY 2024-25 Exp. Rank #969

Balance

−5.36

Exports

28.25 ₹ Cr

0.0008% share

+26.80% YoY

0.57% of Ch. 60

Imports

33.61 ₹ Cr

0.0006% share

+89.99% YoY

0.44% of Ch. 60

CAGR · 7-Year

Exports

−10.27% /yr

Imports

29.40% /yr

Consistently Deficit
Chapter 60 total

reference, FY 2024-25

Export

₹4,998.91 Cr

Import

₹7,565.50 Cr

Trade Balance

−2,566.59

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 6002 Export-Import Analysis

Export Decline: −10.27% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 6002 have declined at a compound annual rate of −10.27% over 7 fiscal years, falling from ₹54.14 Crore in FY 2018-19 to ₹28.25 Crore in FY 2024-25.

HSN Sub-Chapter 6002 Ranked #969 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 6002 ranks #969 out of 1233 subchapters by total export value. Within Chapter 60, it ranks #6 of 6. By trade surplus, it ranks #566 of 1233.

FY 2024-25 Was the Strongest Growth Year for HSN Sub-Chapter 6002 Exports

The strongest single-year export movement for HSN Sub-Chapter 6002 was recorded in FY 2024-25, when exports surged by 26.80% over the prior year.

India Records a Trade Deficit of ₹5.36 Crore in HSN Sub-Chapter 6002 Goods

In FY 2024-25, India's imports of ₹33.61 Cr exceeded exports of ₹28.25 Cr, resulting in a trade deficit of ₹5.36 Crore — ranking #566 of 1233 by surplus magnitude.

Import Growth of 29.40% CAGR Signals Rising Demand for Knitted elastomeric fabrics

India's imports under HSN Sub-Chapter 6002 have grown at 29.40% CAGR, reaching ₹33.61 Crore in FY 2024-25.

HSN Sub-Chapter 6002 Contributes 0.57% of Chapter 60 Exports — Ranked #6

Among the 6 subchapters under Chapter 60, HSN Sub-Chapter 6002 ranks #6 by export value — accounting for 0.57% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.44% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 6002 and GST compliance.

What products are classified under HSN 6002

It includes Knitted elastomeric fabrics

Any special steps when selling Knitted elastomeric fabrics through an e‑commerce platform?

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.

What should my invoice and records include for Knitted elastomeric fabrics?

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.

Do spares or accessories of Knitted elastomeric fabrics follow the same 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.

Is the composition scheme suitable if I mainly trade Knitted elastomeric fabrics?

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.

Does MRP, weight or pack size change GST treatment for Knitted elastomeric fabrics?

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.

Can I claim ITC on inputs and services used for Knitted elastomeric fabrics?

If your outward supply of Knitted elastomeric 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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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