Consistent Export Growth: 20.95% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9014 have grown at a compound annual rate of 20.95% over 7 fiscal years, rising from ₹317.77 Crore in FY 2018-19 to ₹994.63 Crore in FY 2024-25.
HSN Sub Chapter 9014 represents Knotted carpets & coverings under GST classification. This code helps businesses identify Knotted carpets & coverings correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9014, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Knotted carpets & coverings.
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GST Rate for Knotted carpets & coverings under HSN Code 9014. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Knotted carpets & coverings.
Tariff HSN
Description
Direction finding compasses
Tariff HSN
Description
Instruments and appliances for aeronautical or space navigation (other than compasses)
Tariff HSN
Description
Other instruments and appliances : Echo sounding instrument
Tariff HSN
Description
Other instruments and appliances : Sextants
Tariff HSN
Description
Other instruments and appliances : Other
Tariff HSN
Description
Parts and accessories
India’s Exports
FY 2024-25₹995 Cr
0.0269% of India’s total exports
India’s Imports
FY 2024-25₹1,014 Cr
0.0166% of India’s total imports
Trade Balance
FY 2024-25−₹19 Cr
Surplus rank #622 of 1233 subchapters
% of Chapter 90
FY 2024-252.22%
Share of Chapter 90’s total exports in FY 2024-25
Import side: 0.87% of Chapter 90’s imports
Rank Within Chapter 90
FY 2024-25#13 of 32
Position by export value among subchapters in Chapter 90
Import-side rank: #17 of 32
At a glance
20.95%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#390
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+81.34%
Peak Growth Year
FY 2024-25 · strongest single-year move
2.22%
Contribution to Ch. 90
Share of Chapter 90 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
−207.12
Exports
317.77 ₹ Cr
0.0138% share
— YoY
1.40% of Ch. 90
Imports
524.89 ₹ Cr
0.0146% share
— YoY
0.78% of Ch. 90
Balance
+96.52
Exports
566.53 ₹ Cr
0.0256% share
+78.28% YoY
2.37% of Ch. 90
Imports
470.01 ₹ Cr
0.0140% share
−10.46% YoY
0.72% of Ch. 90
Balance
+188.06
Exports
507.58 ₹ Cr
0.0236% share
−10.41% YoY
2.10% of Ch. 90
Imports
319.52 ₹ Cr
0.0110% share
−32.02% YoY
0.50% of Ch. 90
Balance
−32.60
Exports
399.71 ₹ Cr
0.0127% share
−21.25% YoY
1.35% of Ch. 90
Imports
432.31 ₹ Cr
0.0095% share
+35.30% YoY
0.51% of Ch. 90
Balance
+3.24
Exports
559.20 ₹ Cr
0.0154% share
+39.90% YoY
1.45% of Ch. 90
Imports
555.96 ₹ Cr
0.0097% share
+28.60% YoY
0.59% of Ch. 90
Balance
−137.07
Exports
548.48 ₹ Cr
0.0152% share
−1.92% YoY
1.33% of Ch. 90
Imports
685.55 ₹ Cr
0.0122% share
+23.31% YoY
0.64% of Ch. 90
Balance
−19.03
Exports
994.63 ₹ Cr
0.0269% share
+81.34% YoY
2.22% of Ch. 90
Imports
1,013.66 ₹ Cr
0.0166% share
+47.86% YoY
0.87% of Ch. 90
CAGR · 7-Year
Exports
20.95% /yr
Imports
11.59% /yr
reference, FY 2024-25
Export
₹44,741.39 Cr
Import
₹1,17,087.09 Cr
Trade Balance
−72,345.70
India's exports under HSN Sub-Chapter 9014 have grown at a compound annual rate of 20.95% over 7 fiscal years, rising from ₹317.77 Crore in FY 2018-19 to ₹994.63 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9014 ranks #390 out of 1233 subchapters by total export value. Within Chapter 90, it ranks #13 of 32. By trade surplus, it ranks #622 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9014 was recorded in FY 2024-25, when exports surged by 81.34% over the prior year.
In FY 2024-25, India's imports of ₹1,013.66 Cr exceeded exports of ₹994.63 Cr, resulting in a trade deficit of ₹19.03 Crore — ranking #622 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9014 have grown at 11.59% CAGR, reaching ₹1,013.66 Crore in FY 2024-25.
Among the 32 subchapters under Chapter 90, HSN Sub-Chapter 9014 ranks #13 by export value — accounting for 2.22% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.87% share (rank #17).
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 9014 and GST compliance.
It includes Knotted carpets & coverings
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Knotted carpets & coverings 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.
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.
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.
If your outward supply of Knotted carpets & coverings 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.