HS Code Guide · EPM Subvention
HS Code 640411 Meaning — Sports footwear, textile uppers, rubber/plastic soles: Global Trade, India & Factoring Guide
HS 640411 covers sports footwear, textile uppers, rubber/plastic soles. 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 640411 sits in 64 — Footwear. Official tariff description: “Sports footwear; tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials” In plain terms, it covers sports footwear, textile uppers, rubber/plastic soles. 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 640411?
HS 640411 covers textile-upper sports shoes — tennis, basketball, training — with rubber/plastic soles vs leather (640399) and other textile (640419).
Official description: Sports footwear; tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials
What HS 640411 does in trade
- Classifies the volume sports shoe where outer sole/uppers determine duty — distinct from fashion textile.
- Is eligible — sports footwear is in the positive list, so MSME sports shoe factoring qualifies for 2.75%.
- Enables factoring for ODM/OEM sports shoe MSMEs with 60–120 day brand terms.
Global perspective — where HS 640411 moves
Global sports footwear trade is brand/OEM-driven, Vietnam/China-led, US is the largest market. Sustainability and tooling cycles drive terms.
| Top global exporters | Top global importers |
|---|---|
| China | United States |
| Vietnam | Germany |
| Indonesia | France |
| Germany | United Kingdom |
| Belgium | Japan |
India's stance on HS 640411
India — Chennai, Kanpur, Delhi — is a growing sports footwear exporter — CLE/Footwear Design. US/EU brand sourcing is rising under PLI.
Export docs to watch
Sports footwear needs CLE RCMC and for EU REACH/safety. Sole material and model must match invoice.
GIFT City — factoring HS 640411 in foreign currency
Sports footwear is USD/EUR OEM — GIFT City FC factoring retains 2.75%.
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 640411 eligible for 2.75%?
Yes — HS 640411 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 640411 |
|---|---|
| In positive list (HS-6) | Yes — 640411 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. 64041110) starts with 640411, it inherits this eligibility. Verify on the HS checker — enter 6 or 8 digits.
Check HS 640411 — 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 640411 — Sports footwear, textile uppers, rubber/plastic soles?
HS 640411 covers textile-upper sports shoes — tennis, basketball, training — with rubber/plastic soles vs leather (640399) and other textile (640419).
Is HS 640411 eligible for the 2.75% interest subvention?
Yes. HS 640411 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 640411 and how?
MSMEs (as defined by Ministry of MSME) with active IEC and Udyam, factoring eligible exports of HS 640411 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 640411 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 640411 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 640411 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.