HS Code Guide · EPM Subvention
HS Code 060311 Meaning — Roses, cut, fresh: Global Trade, India & Factoring Guide
HS 060311 covers roses, cut, fresh. This guide explains what the code includes, its global trade, India's position, how GIFT City helps factor it, and whether MSME factoring qualifies for the 2.75% interest subvention.
What this HS code covers
HS 060311 sits in 06 — Live plants & floriculture. Official tariff description: “FLowers, cut; roses, fLowers and buds of a kind suitable for bouquets or ornamental purposes, fresh” In plain terms, it covers roses, cut, fresh. Classification decides duty and documents; this 6-digit line is in the DGFT positive list (Trade Notice 25/2025-26 Annex V), so MSME factoring under it qualifies for the 2.75% subvention — details below.
What is HS 060311?
HS 060311 covers fresh cut roses — stems and buds for bouquets/ornamental use. Not dried (060390) or other flowers (060312 carnations, 060313 orchids).
Official description: FLowers, cut; roses, fLowers and buds of a kind suitable for bouquets or ornamental purposes, fresh
What HS 060311 does in trade
- Distinguishes fresh roses from other cut flowers for cold-chain and phytosanitary control — roses are the highest-volume cut flower globally.
- Is eligible — fresh roses are in the positive list, so floriculture MSME factoring qualifies for 2.75%.
- Drives perishable factoring: air-freight, 7–14 day payment cycles, but factoring helps bridge auction-to-retail working capital.
Global perspective — where HS 060311 moves
Global cut-rose trade ~US$3B, dominated by air-freight hubs — Kenya, Colombia/Ecuador to EU/US. Auctions (Aalsmeer) set benchmarks. Seasonality spikes around Valentine's/Mother's Day.
| Top global exporters | Top global importers |
|---|---|
| Kenya | Netherlands |
| Colombia | United States |
| Ecuador | Germany |
| Netherlands | United Kingdom |
| Ethiopia | Russia |
India's stance on HS 060311
India exports fresh roses from Pune, Hosur and Bengaluru clusters — small but growing, air-freighted to Middle East, EU and Japan. APEDA registers floriculture exporters; cold-chain is the constraint.
Export docs to watch
Roses need APEDA RCMC, phytosanitary certificate and cold-chain airway bill. Stem length/grade must match invoice for bank collection.
GIFT City — factoring HS 060311 in foreign currency
Rose invoices are often EUR/USD via EU buyers — GIFT City factoring in foreign currency keeps FX efficient while retaining the 2.75% benefit.
Trad can route eligible invoices via an IFSCA-regulated IBU or Finance Company/Finance Unit undertaking factoring in GIFT City. The 2.75% subvention is identical whether you factor via India (RBI-regulated) or GIFT City (IFSCA-regulated) — the choice is about currency, banking relationship and buyer location, not the benefit rate.
Common financing stack for this HS
Factoring advances 70–90% in 24–48 hours after invoice verification; balance minus discount/fees on buyer payment. Works alongside packing credit — factoring covers the post-shipment open-account gap.
MSME subvention — is HS 060311 eligible for 2.75%?
Yes — HS 060311 is in the positive list (Trade Notice 25/2025-26 Annex V). MSMEs involved in international value chains with a valid active IEC (not in DEL) and valid Udyam can claim 2.75% per annum on the factoring interest cost element when factoring via an RBI/IFSCA-regulated entity.
| Check | For HS 060311 |
|---|---|
| In positive list (HS-6) | Yes — 060311 listed in Annex V |
| Benefit | 2.75% p.a. on interest cost element |
| Annual cap | ₹50 lakh per MSME per FY |
| Valid from | Prospectively from 20 Feb 2026 |
| Need UIN per factor? | Yes — declaration of intent before factoring, valid till FY-end |
| Eligible factors | RBI-regulated (AD bank / factoring NBFC) or IFSCA-regulated (GIFT IBU/FC) |
| Not covered | Deemed exports (FTP Ch.7) & exports to SEZs |
Eight-digit HS? Use first 6 digits
Eligibility is at HS-6. If your 8-digit HS (e.g. 06031110) starts with 060311, it inherits this eligibility. Verify on the HS checker — enter 6 or 8 digits.
Check HS 060311 — free
Verify any 6 or 8-digit HS against the DGFT positive list and see the 2.75% factoring eligibility in seconds.
Open HS checkerFrequently asked questions
What is HS 060311 — Roses, cut, fresh?
HS 060311 covers fresh cut roses — stems and buds for bouquets/ornamental use. Not dried (060390) or other flowers (060312 carnations, 060313 orchids).
Is HS 060311 eligible for the 2.75% interest subvention?
Yes. HS 060311 is in the DGFT positive list (Trade Notice 25/2025-26 Annex V, 4139 HS-6 lines). MSMEs factoring exports under this line via RBI/IFSCA-regulated factors can claim 2.75% per annum on the interest cost element, capped at ₹50 lakh per MSME per year, prospectively from 20 Feb 2026. Requires valid IEC (not in DEL), valid Udyam, and a UIN per factor obtained before factoring.
Who can claim the 2.75% for HS 060311 and how?
MSMEs (as defined by Ministry of MSME) with active IEC and Udyam, factoring eligible exports of HS 060311 via RBI/IFSCA-regulated entities. File a declaration of intent on the DGFT portal to get a UIN per factor (valid till FY-end), factor the invoice, the factor files monthly IEC-wise claims; subvention is credited to your IEC-linked bank account.
Can HS 060311 be factored via GIFT City?
Yes. IBUs and Finance Companies/Finance Units undertaking factoring in GIFT City (IFSCA-regulated) are eligible financial institutions under IFSCA circular 19 Mar 2026 and must extend the 2.75% benefit. Useful for USD/EUR receivables where you want foreign-currency factoring.
What does factoring for HS 060311 cost after subvention?
Indicatively, factoring discount/interest is priced commercially (often 8–12% p.a. depending on buyer, tenor, currency) plus factoring fee ~0.5–3% ⚠️. The 2.75% offsets only the interest element — e.g. a 9% interest cost becomes ~6.25% effective on that element if eligible. Fees/insurance/FX remain. Compare all-in cost.
Related HS codes
Compare HS 060311 with other MSME-export lines in the same chapter or family.
See all codes on the HS code guides hub, or read the 2.75% subvention deep-dive.