Export Decline: −34.69% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 6502 have declined at a compound annual rate of −34.69% over 7 fiscal years, falling from ₹6.83 Crore in FY 2018-19 to ₹0.53 Crore in FY 2024-25.
6502 HSN Code: Plaited Hat Shapes
HSN Sub Chapter 6502 represents Plaited Hat Shapes under GST classification. This code helps businesses identify Plaited Hat Shapes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 6502, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Plaited Hat Shapes.
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New GST Rate for HSN Code 6502
GST Rate for Plaited Hat Shapes under HSN Code 6502. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Tariff HSN Codes under HSN Sub Chapter 6502
Following tariff HSN codes fall under Plaited Hat Shapes.
Tariff HSN
Description
Tariff HSN
Description
Hat-shapes, plaited or made by assembling strips of any material, neither blocked to shape, nor with made brims, nor lined, nor trimmed : Of cotton
Tariff HSN
Description
Hat-shapes, plaited or made by assembling strips of any material, neither blocked to shape, nor with made brims, nor lined, nor trimmed : Of wool
Tariff HSN
Description
Hat-shapes, plaited or made by assembling strips of any material, neither blocked to shape, nor with made brims, nor lined, nor trimmed : Other
India’s Trade Performance — HSN Sub-Chapter 6502 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< ₹1 Crore
−52.68%
vs FY 2023-24
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹2 Cr
+38.66%
vs FY 2023-24
0.0000% of India’s total imports
Trade Balance
FY 2024-25−₹1 Cr
Trade Deficit
Surplus rank #536 of 1233 subchapters
% of Chapter 65
FY 2024-250.07%
Share of Chapter 65’s total exports in FY 2024-25
Import side: 0.46% of Chapter 65’s imports
Rank Within Chapter 65
FY 2024-25#6 of 6
Position by export value among subchapters in Chapter 65
Import-side rank: #6 of 6
At a glance
−34.69%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1153
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+31.04%
Peak Growth Year
FY 2019-20 · strongest single-year move
0.07%
Contribution to Ch. 65
Share of Chapter 65 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Sub-Chapter 6502
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 #1034
Balance
+4.44
Exports
6.83 ₹ Cr
0.0003% share
— YoY
2.13% of Ch. 65
Imports
2.39 ₹ Cr
0.0001% share
— YoY
1.22% of Ch. 65
FY 2019-20
Exp. Rank #1006
Balance
+6.67
Exports
8.95 ₹ Cr
0.0004% share
+31.04% YoY
2.10% of Ch. 65
Imports
2.28 ₹ Cr
0.0001% share
−4.60% YoY
1.03% of Ch. 65
FY 2020-21
Exp. Rank #1064
Balance
+2.85
Exports
4.10 ₹ Cr
0.0002% share
−54.19% YoY
0.84% of Ch. 65
Imports
1.25 ₹ Cr
0.0000% share
−45.18% YoY
0.58% of Ch. 65
FY 2021-22
Exp. Rank #1122
Balance
+0.58
Exports
1.54 ₹ Cr
0.0000% share
−62.44% YoY
0.22% of Ch. 65
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−23.20% YoY
0.40% of Ch. 65
FY 2022-23
Exp. Rank #1117
Balance
+0.59
Exports
1.83 ₹ Cr
0.0001% share
+18.83% YoY
0.23% of Ch. 65
Imports
1.24 ₹ Cr
0.0000% share
+29.17% YoY
0.35% of Ch. 65
FY 2023-24
Exp. Rank #1145
Balance
−0.07
Exports
1.12 ₹ Cr
0.0000% share
−38.80% YoY
0.14% of Ch. 65
Imports
1.19 ₹ Cr
0.0000% share
−4.03% YoY
0.32% of Ch. 65
FY 2024-25
Exp. Rank #1153
Balance
−1.12
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−52.68% YoY
0.07% of Ch. 65
Imports
1.65 ₹ Cr
0.0000% share
+38.66% YoY
0.46% of Ch. 65
CAGR · 7-Year
Exports
−34.69% /yr
Imports
−5.99% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Sub-Chapter 6502 Export-Import Analysis
HSN Sub-Chapter 6502 Ranked #1153 Among All 1233 Subchapters by Export Value
In FY 2024-25, HSN Sub-Chapter 6502 ranks #1153 out of 1233 subchapters by total export value. Within Chapter 65, it ranks #6 of 6. By trade surplus, it ranks #536 of 1233.
FY 2019-20 Was the Strongest Growth Year for HSN Sub-Chapter 6502 Exports
The strongest single-year export movement for HSN Sub-Chapter 6502 was recorded in FY 2019-20, when exports surged by 31.04% over the prior year.
India Records a Trade Deficit of ₹1.12 Crore in HSN Sub-Chapter 6502 Goods
In FY 2024-25, India's imports of ₹1.65 Cr exceeded exports of ₹0.53 Cr, resulting in a trade deficit of ₹1.12 Crore — ranking #536 of 1233 by surplus magnitude.
Import Growth of −5.99% CAGR Signals Stable Import Dependency for Plaited Hat Shapes
India's imports under HSN Sub-Chapter 6502 have grown at −5.99% CAGR, reaching ₹1.65 Crore in FY 2024-25.
HSN Sub-Chapter 6502 Contributes 0.07% of Chapter 65 Exports — Ranked #6
Among the 6 subchapters under Chapter 65, HSN Sub-Chapter 6502 ranks #6 by export value — accounting for 0.07% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.46% share (rank #6).
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Frequently Asked Questions
Clear answers to common queries about HSN Sub Chapter 6502 and GST compliance.
What products are classified under HSN 6502
It includes Plaited Hat Shapes
Can I claim ITC on inputs and services used for Plaited Hat Shapes?
If your outward supply of Plaited Hat Shapes 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.
Does MRP, weight or pack size change GST treatment for Plaited Hat Shapes?
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.
Does packaging or branding change how GST applies to Plaited Hat Shapes?
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Plaited Hat Shapes 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.
Do spares or accessories of Plaited Hat Shapes 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.
Any import/export nuance for Plaited Hat Shapes?
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.
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.