Consistent Export Growth: 32.21% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 6704 have grown at a compound annual rate of 32.21% over 7 fiscal years, rising from ₹5.75 Crore in FY 2018-19 to ₹30.71 Crore in FY 2024-25.
6704 HSN Code: Wigs & hair-related articles
HSN Sub Chapter 6704 represents Wigs & hair-related articles under GST classification. This code helps businesses identify Wigs & hair-related articles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 6704, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wigs & hair-related articles.
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New GST Rate for HSN Code 6704
GST Rate for Wigs & hair-related articles under HSN Code 6704. 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 6704
Following tariff HSN codes fall under Wigs & hair-related articles.
Tariff HSN
Description
Tariff HSN
Description
Of synthetic textile materials : Complete wigs
Tariff HSN
Description
Of synthetic textile materials : Other : Hair nets
Tariff HSN
Description
Of synthetic textile materials : Other : Other
Tariff HSN
Description
Of human hair : Wigs
Tariff HSN
Description
Of human hair : Hair nets
Tariff HSN
Description
Of human hair : Other
Tariff HSN
Description
Of other materials
India’s Trade Performance — HSN Sub-Chapter 6704 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₹31 Cr
−45.98%
vs FY 2023-24
0.0008% of India’s total exports
India’s Imports
FY 2024-25₹25 Cr
−72.93%
vs FY 2023-24
0.0004% of India’s total imports
Trade Balance
FY 2024-25₹6 Cr
Trade Surplus
Surplus rank #488 of 1233 subchapters
% of Chapter 67
FY 2024-250.60%
Share of Chapter 67’s total exports in FY 2024-25
Import side: 8.41% of Chapter 67’s imports
Rank Within Chapter 67
FY 2024-25#3 of 4
Position by export value among subchapters in Chapter 67
Import-side rank: #2 of 4
At a glance
32.21%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#962
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+152.89%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.60%
Contribution to Ch. 67
Share of Chapter 67 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Sub-Chapter 6704
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 #1044
Balance
−12.68
Exports
5.75 ₹ Cr
0.0003% share
— YoY
0.37% of Ch. 67
Imports
18.43 ₹ Cr
0.0005% share
— YoY
10.31% of Ch. 67
FY 2019-20
Exp. Rank #994
Balance
−8.38
Exports
11.35 ₹ Cr
0.0005% share
+97.39% YoY
0.61% of Ch. 67
Imports
19.73 ₹ Cr
0.0006% share
+7.05% YoY
9.93% of Ch. 67
FY 2020-21
Exp. Rank #1012
Balance
−2.99
Exports
7.80 ₹ Cr
0.0004% share
−31.28% YoY
0.28% of Ch. 67
Imports
10.79 ₹ Cr
0.0004% share
−45.31% YoY
12.04% of Ch. 67
FY 2021-22
Exp. Rank #1018
Balance
−9.14
Exports
10.60 ₹ Cr
0.0003% share
+35.90% YoY
0.24% of Ch. 67
Imports
19.74 ₹ Cr
0.0004% share
+82.95% YoY
10.99% of Ch. 67
FY 2022-23
Exp. Rank #971
Balance
−3.22
Exports
22.48 ₹ Cr
0.0006% share
+112.08% YoY
0.55% of Ch. 67
Imports
25.70 ₹ Cr
0.0004% share
+30.19% YoY
8.72% of Ch. 67
FY 2023-24
Exp. Rank #888
Balance
−34.01
Exports
56.85 ₹ Cr
0.0016% share
+152.89% YoY
1.17% of Ch. 67
Imports
90.86 ₹ Cr
0.0016% share
+253.54% YoY
23.91% of Ch. 67
FY 2024-25
Exp. Rank #962
Balance
+6.11
Exports
30.71 ₹ Cr
0.0008% share
−45.98% YoY
0.60% of Ch. 67
Imports
24.60 ₹ Cr
0.0004% share
−72.93% YoY
8.41% of Ch. 67
CAGR · 7-Year
Exports
32.21% /yr
Imports
4.93% /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 6704 Export-Import Analysis
HSN Sub-Chapter 6704 Ranked #962 Among All 1233 Subchapters by Export Value
In FY 2024-25, HSN Sub-Chapter 6704 ranks #962 out of 1233 subchapters by total export value. Within Chapter 67, it ranks #3 of 4. By trade surplus, it ranks #488 of 1233.
FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 6704 Exports
The strongest single-year export movement for HSN Sub-Chapter 6704 was recorded in FY 2023-24, when exports surged by 152.89% over the prior year.
India Maintains a Trade Surplus of ₹6.11 Crore in HSN Sub-Chapter 6704 Goods
In FY 2024-25, India's exports of ₹30.71 Cr exceeded imports of ₹24.60 Cr, resulting in a trade surplus of ₹6.11 Crore — ranking #488 of 1233 by surplus magnitude.
Import Growth of 4.93% CAGR Signals Stable Import Dependency for Wigs & hair-related articles
India's imports under HSN Sub-Chapter 6704 have grown at 4.93% CAGR, reaching ₹24.60 Crore in FY 2024-25.
HSN Sub-Chapter 6704 Contributes 0.60% of Chapter 67 Exports — Ranked #3
Among the 4 subchapters under Chapter 67, HSN Sub-Chapter 6704 ranks #3 by export value — accounting for 0.60% of the chapter's total exports in FY 2024-25. On the import side, it holds 8.41% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Sub Chapter 6704 and GST compliance.
What products are classified under HSN 6704
It includes Wigs & hair-related articles
Any special steps when selling Wigs & hair-related articles 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 Wigs & hair-related articles 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.
Does packaging or branding change how GST applies to Wigs & hair-related articles?
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Wigs & hair-related articles 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.
Can I claim ITC on inputs and services used for Wigs & hair-related articles?
If your outward supply of Wigs & hair-related articles 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.
What are the e‑way bill and e‑invoice points while moving Wigs & hair-related articles?
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.
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.