Consistent Export Growth: 16.80% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 6702 have grown at a compound annual rate of 16.80% over 7 fiscal years, rising from ₹23.79 Crore in FY 2018-19 to ₹60.40 Crore in FY 2024-25.
6702 HSN Code: Artificial flowers & foliage
HSN Sub Chapter 6702 represents Artificial flowers & foliage under GST classification. This code helps businesses identify Artificial flowers & foliage correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 6702, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Artificial flowers & foliage.
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New GST Rate for HSN Code 6702
GST Rate for Artificial flowers & foliage under HSN Code 6702. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Tariff HSN Codes under HSN Sub Chapter 6702
Following tariff HSN codes fall under Artificial flowers & foliage.
India’s Trade Performance — HSN Sub-Chapter 6702 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₹60 Cr
+18.90%
vs FY 2023-24
0.0016% of India’s total exports
India’s Imports
FY 2024-25₹254 Cr
−5.23%
vs FY 2023-24
0.0042% of India’s total imports
Trade Balance
FY 2024-25−₹194 Cr
Trade Deficit
Surplus rank #775 of 1233 subchapters
% of Chapter 67
FY 2024-251.19%
Share of Chapter 67’s total exports in FY 2024-25
Import side: 86.88% of Chapter 67’s imports
Rank Within Chapter 67
FY 2024-25#2 of 4
Position by export value among subchapters in Chapter 67
Import-side rank: #1 of 4
At a glance
16.80%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#888
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+46.49%
Peak Growth Year
FY 2019-20 · strongest single-year move
1.19%
Contribution to Ch. 67
Share of Chapter 67 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Sub-Chapter 6702
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 #926
Balance
−120.33
Exports
23.79 ₹ Cr
0.0010% share
— YoY
1.53% of Ch. 67
Imports
144.12 ₹ Cr
0.0040% share
— YoY
80.65% of Ch. 67
FY 2019-20
Exp. Rank #888
Balance
−134.54
Exports
34.85 ₹ Cr
0.0016% share
+46.49% YoY
1.88% of Ch. 67
Imports
169.39 ₹ Cr
0.0050% share
+17.53% YoY
85.24% of Ch. 67
FY 2020-21
Exp. Rank #903
Balance
−48.17
Exports
27.36 ₹ Cr
0.0013% share
−21.49% YoY
1.00% of Ch. 67
Imports
75.53 ₹ Cr
0.0026% share
−55.41% YoY
84.30% of Ch. 67
FY 2021-22
Exp. Rank #911
Balance
−114.90
Exports
37.52 ₹ Cr
0.0012% share
+37.13% YoY
0.84% of Ch. 67
Imports
152.42 ₹ Cr
0.0033% share
+101.80% YoY
84.89% of Ch. 67
FY 2022-23
Exp. Rank #908
Balance
−198.13
Exports
44.50 ₹ Cr
0.0012% share
+18.60% YoY
1.09% of Ch. 67
Imports
242.63 ₹ Cr
0.0042% share
+59.19% YoY
82.29% of Ch. 67
FY 2023-24
Exp. Rank #907
Balance
−217.33
Exports
50.80 ₹ Cr
0.0014% share
+14.16% YoY
1.04% of Ch. 67
Imports
268.13 ₹ Cr
0.0048% share
+10.51% YoY
70.57% of Ch. 67
FY 2024-25
Exp. Rank #888
Balance
−193.71
Exports
60.40 ₹ Cr
0.0016% share
+18.90% YoY
1.19% of Ch. 67
Imports
254.11 ₹ Cr
0.0042% share
−5.23% YoY
86.88% of Ch. 67
CAGR · 7-Year
Exports
16.80% /yr
Imports
9.91% /yr
Consistently Deficit
Chapter 67 total
reference, FY 2024-25
Export
₹5,081.76 Cr
Import
₹292.48 Cr
Trade Balance
+4,789.28
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Sub-Chapter 6702 Export-Import Analysis
HSN Sub-Chapter 6702 Ranked #888 Among All 1233 Subchapters by Export Value
In FY 2024-25, HSN Sub-Chapter 6702 ranks #888 out of 1233 subchapters by total export value. Within Chapter 67, it ranks #2 of 4. By trade surplus, it ranks #775 of 1233.
FY 2019-20 Was the Strongest Growth Year for HSN Sub-Chapter 6702 Exports
The strongest single-year export movement for HSN Sub-Chapter 6702 was recorded in FY 2019-20, when exports surged by 46.49% over the prior year.
India Records a Trade Deficit of ₹193.71 Crore in HSN Sub-Chapter 6702 Goods
In FY 2024-25, India's imports of ₹254.11 Cr exceeded exports of ₹60.40 Cr, resulting in a trade deficit of ₹193.71 Crore — ranking #775 of 1233 by surplus magnitude.
Import Growth of 9.91% CAGR Signals Stable Import Dependency for Artificial flowers & foliage
India's imports under HSN Sub-Chapter 6702 have grown at 9.91% CAGR, reaching ₹254.11 Crore in FY 2024-25.
HSN Sub-Chapter 6702 Contributes 1.19% of Chapter 67 Exports — Ranked #2
Among the 4 subchapters under Chapter 67, HSN Sub-Chapter 6702 ranks #2 by export value — accounting for 1.19% of the chapter's total exports in FY 2024-25. On the import side, it holds 86.88% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Sub Chapter 6702 and GST compliance.
What products are classified under HSN 6702
It includes Artificial flowers & foliage
Can reverse charge ever apply to transactions involving Artificial flowers & foliage?
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Artificial flowers & foliage are forward charge. Check the current notifications for any special cases before deciding.
Any special steps when selling Artificial flowers & foliage 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.
Do spares or accessories of Artificial flowers & foliage 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.
Can I claim ITC on inputs and services used for Artificial flowers & foliage?
If your outward supply of Artificial flowers & foliage 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.
Any import/export nuance for Artificial flowers & foliage?
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.