Consistent Export Growth: 21.90% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 6703 have grown at a compound annual rate of 21.90% over 7 fiscal years, rising from ₹1,520.65 Crore in FY 2018-19 to ₹4,990.42 Crore in FY 2024-25.
6703 HSN Code: Processed human hair products
HSN Sub Chapter 6703 represents Processed human hair products under GST classification. This code helps businesses identify Processed human hair products correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 6703, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Processed human hair products.
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New GST Rate for HSN Code 6703
GST Rate for Processed human hair products under HSN Code 6703. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
HSN Code
HSN Description
New GST Rate
Old GST Rate
Tariff HSN Codes under HSN Sub Chapter 6703
Following tariff HSN codes fall under Processed human hair products.
Tariff HSN
Description
Tariff HSN
Description
Human hair, dressed, thinned, bleached or otherwise worked; wool or other animal hair or other textile materials, prepared for use in making wigs or the like : Human hair, dressed, thinned, bleached or otherwise worked
Tariff HSN
Description
Human hair, dressed, thinned, bleached or otherwise worked; wool or other animal hair or other textile materials, prepared for use in making wigs or the like : Wool or other animal hair or other textile materials, prepared for use in making wigs or the like
India’s Trade Performance — HSN Sub-Chapter 6703 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₹4,990 Cr
+4.87%
vs FY 2023-24
0.1348% of India’s total exports
India’s Imports
FY 2024-25₹14 Cr
−33.72%
vs FY 2023-24
0.0002% of India’s total imports
Trade Balance
FY 2024-25₹4,977 Cr
Trade Surplus
Surplus rank #72 of 1233 subchapters
% of Chapter 67
FY 2024-2598.20%
Share of Chapter 67’s total exports in FY 2024-25
Import side: 4.67% of Chapter 67’s imports
Rank Within Chapter 67
FY 2024-25#1 of 4
Position by export value among subchapters in Chapter 67
Import-side rank: #3 of 4
At a glance
21.90%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#136
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+63.37%
Peak Growth Year
FY 2021-22 · strongest single-year move
98.20%
Contribution to Ch. 67
Share of Chapter 67 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Sub-Chapter 6703
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 #223
Balance
+1,504.58
Exports
1,520.65 ₹ Cr
0.0662% share
— YoY
98.07% of Ch. 67
Imports
16.07 ₹ Cr
0.0004% share
— YoY
8.99% of Ch. 67
FY 2019-20
Exp. Rank #201
Balance
+1,793.37
Exports
1,802.59 ₹ Cr
0.0816% share
+18.54% YoY
97.48% of Ch. 67
Imports
9.22 ₹ Cr
0.0003% share
−42.63% YoY
4.64% of Ch. 67
FY 2020-21
Exp. Rank #153
Balance
+2,710.16
Exports
2,713.43 ₹ Cr
0.1262% share
+50.53% YoY
98.71% of Ch. 67
Imports
3.27 ₹ Cr
0.0001% share
−64.53% YoY
3.65% of Ch. 67
FY 2021-22
Exp. Rank #135
Balance
+4,425.43
Exports
4,432.82 ₹ Cr
0.1412% share
+63.37% YoY
98.92% of Ch. 67
Imports
7.39 ₹ Cr
0.0002% share
+125.99% YoY
4.12% of Ch. 67
FY 2022-23
Exp. Rank #148
Balance
+3,979.37
Exports
4,005.34 ₹ Cr
0.1106% share
−9.64% YoY
98.35% of Ch. 67
Imports
25.97 ₹ Cr
0.0005% share
+251.42% YoY
8.81% of Ch. 67
FY 2023-24
Exp. Rank #134
Balance
+4,738.20
Exports
4,758.81 ₹ Cr
0.1315% share
+18.81% YoY
97.78% of Ch. 67
Imports
20.61 ₹ Cr
0.0004% share
−20.64% YoY
5.42% of Ch. 67
FY 2024-25
Exp. Rank #136
Balance
+4,976.76
Exports
4,990.42 ₹ Cr
0.1348% share
+4.87% YoY
98.20% of Ch. 67
Imports
13.66 ₹ Cr
0.0002% share
−33.72% YoY
4.67% of Ch. 67
CAGR · 7-Year
Exports
21.90% /yr
Imports
−2.67% /yr
Consistently Surplus
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 6703 Export-Import Analysis
HSN Sub-Chapter 6703 Ranked #136 Among All 1233 Subchapters by Export Value
In FY 2024-25, HSN Sub-Chapter 6703 ranks #136 out of 1233 subchapters by total export value. Within Chapter 67, it ranks #1 of 4. By trade surplus, it ranks #72 of 1233.
FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 6703 Exports
The strongest single-year export movement for HSN Sub-Chapter 6703 was recorded in FY 2021-22, when exports surged by 63.37% over the prior year.
India Maintains a Trade Surplus of ₹4,976.76 Crore in HSN Sub-Chapter 6703 Goods
In FY 2024-25, India's exports of ₹4,990.42 Cr exceeded imports of ₹13.66 Cr, resulting in a trade surplus of ₹4,976.76 Crore — ranking #72 of 1233 by surplus magnitude.
Import Growth of −2.67% CAGR Signals Stable Import Dependency for Processed human hair products
India's imports under HSN Sub-Chapter 6703 have grown at −2.67% CAGR, reaching ₹13.66 Crore in FY 2024-25.
HSN Sub-Chapter 6703 Contributes 98.20% of Chapter 67 Exports — Ranked #1
Among the 4 subchapters under Chapter 67, HSN Sub-Chapter 6703 ranks #1 by export value — accounting for 98.20% of the chapter's total exports in FY 2024-25. On the import side, it holds 4.67% share (rank #3).
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Frequently Asked Questions
Clear answers to common queries about HSN Sub Chapter 6703 and GST compliance.
What products are classified under HSN 6703
It includes Processed human hair products
What are the e‑way bill and e‑invoice points while moving Processed human hair products?
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.
If I repair and return Processed human hair products, how should I charge GST?
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
How are warranty replacements of Processed human hair products handled?
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Is the composition scheme suitable if I mainly trade Processed human hair products?
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.
Do spares or accessories of Processed human hair products 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.
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.