Export Decline: −3.87% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 6114 have declined at a compound annual rate of −3.87% over 7 fiscal years, falling from ₹4,360.43 Crore in FY 2018-19 to ₹3,440.80 Crore in FY 2024-25.
HSN Sub Chapter 6114 represents Knitted/crocheted garments under GST classification. This code helps businesses identify Knitted/crocheted garments correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 6114, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Knitted/crocheted garments.
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GST Rate for Knitted/crocheted garments under HSN Code 6114. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Knitted/crocheted garments.
Tariff HSN
Description
Other garments, knitted or crocheted - of wool or fine animal hair
Tariff HSN
Description
Of cotton (sale value not exceeding Rs. 1000 per piece)
Tariff HSN
Description
Of cotton
Tariff HSN
Description
Of man-made fibres : Of synthetic fibres (sale value not exceeding Rs. 1000 per piece)
Tariff HSN
Description
Of man-made fibres : Of synthetic fibres
Tariff HSN
Description
Of man-made fibres : Of artificial fibres (sale value not exceeding Rs. 1000 per piece)
Tariff HSN
Description
Of man-made fibres : Of artificial fibres
Tariff HSN
Description
Of other textile materials : Of silk (sale value not exceeding Rs. 1000 per piece)
Tariff HSN
Description
Of other textile materials : Of silk
Tariff HSN
Description
Of other textile materials : Other (sale value not exceeding Rs. 1000 per piece)
Tariff HSN
Description
Of other textile materials : Other
India’s Exports
FY 2024-25₹3,441 Cr
0.0929% of India’s total exports
India’s Imports
FY 2024-25₹77 Cr
0.0013% of India’s total imports
Trade Balance
FY 2024-25₹3,364 Cr
Surplus rank #93 of 1233 subchapters
% of Chapter 61
FY 2024-255.28%
Share of Chapter 61’s total exports in FY 2024-25
Import side: 1.25% of Chapter 61’s imports
Rank Within Chapter 61
FY 2024-25#7 of 17
Position by export value among subchapters in Chapter 61
Import-side rank: #15 of 17
At a glance
−3.87%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#184
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+46.76%
Peak Growth Year
FY 2021-22 · strongest single-year move
5.28%
Contribution to Ch. 61
Share of Chapter 61 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
+4,312.14
Exports
4,360.43 ₹ Cr
0.1900% share
— YoY
7.97% of Ch. 61
Imports
48.29 ₹ Cr
0.0013% share
— YoY
1.48% of Ch. 61
Balance
+3,172.90
Exports
3,217.37 ₹ Cr
0.1457% share
−26.21% YoY
6.05% of Ch. 61
Imports
44.47 ₹ Cr
0.0013% share
−7.91% YoY
1.26% of Ch. 61
Balance
+2,340.46
Exports
2,381.77 ₹ Cr
0.1107% share
−25.97% YoY
5.08% of Ch. 61
Imports
41.31 ₹ Cr
0.0014% share
−7.11% YoY
1.42% of Ch. 61
Balance
+3,433.77
Exports
3,495.56 ₹ Cr
0.1114% share
+46.76% YoY
5.73% of Ch. 61
Imports
61.79 ₹ Cr
0.0014% share
+49.58% YoY
1.37% of Ch. 61
Balance
+3,522.34
Exports
3,601.07 ₹ Cr
0.0995% share
+3.02% YoY
5.83% of Ch. 61
Imports
78.73 ₹ Cr
0.0014% share
+27.42% YoY
1.20% of Ch. 61
Balance
+3,093.21
Exports
3,169.04 ₹ Cr
0.0876% share
−12.00% YoY
5.68% of Ch. 61
Imports
75.83 ₹ Cr
0.0014% share
−3.68% YoY
1.44% of Ch. 61
Balance
+3,363.80
Exports
3,440.80 ₹ Cr
0.0929% share
+8.58% YoY
5.28% of Ch. 61
Imports
77.00 ₹ Cr
0.0013% share
+1.54% YoY
1.25% of Ch. 61
CAGR · 7-Year
Exports
−3.87% /yr
Imports
8.09% /yr
reference, FY 2024-25
Export
₹65,180.61 Cr
Import
₹6,179.23 Cr
Trade Balance
+59,001.38
India's exports under HSN Sub-Chapter 6114 have declined at a compound annual rate of −3.87% over 7 fiscal years, falling from ₹4,360.43 Crore in FY 2018-19 to ₹3,440.80 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 6114 ranks #184 out of 1233 subchapters by total export value. Within Chapter 61, it ranks #7 of 17. By trade surplus, it ranks #93 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 6114 was recorded in FY 2021-22, when exports surged by 46.76% over the prior year.
In FY 2024-25, India's exports of ₹3,440.80 Cr exceeded imports of ₹77.00 Cr, resulting in a trade surplus of ₹3,363.80 Crore — ranking #93 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 6114 have grown at 8.09% CAGR, reaching ₹77.00 Crore in FY 2024-25.
Among the 17 subchapters under Chapter 61, HSN Sub-Chapter 6114 ranks #7 by export value — accounting for 5.28% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.25% share (rank #15).
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 6114 and GST compliance.
It includes Knitted/crocheted garments
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.
Use a delivery challan for sending Knitted/crocheted garments to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.
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.