Consistent Export Growth: 14.03% CAGR Over 8 Years
India's exports under HSN Chapter 24 have grown at a compound annual rate of 14.03% over 8 fiscal years, rising from ₹6,858.61 Crore in FY 2018-19 to ₹17,192.04 Crore in FY 2025-26.
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24 HSN Code: Tobacco and Manufactured Tobacco Substitutes
HSN Chapter 24 represents Tobacco and Manufactured Tobacco Substitutes under GST classification. This code helps businesses identify Tobacco and Manufactured Tobacco Substitutes correctly for billing, taxation, and trade purposes. With HSN Chapter 24, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Tobacco and Manufactured Tobacco Substitutes.
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Sub-chapters under HSN Chapter 24
Following Sub Chapters fall under Tobacco and Manufactured Tobacco Substitutes:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5% or 40%
5% for tobacco leaves not stemmed or stripped (2401 10); 40% for stemmed or stripped tobacco, other unmanufactured tobacco and tobacco refuse.
Old GST Rate
28
%
Description
Unmanufactured tobacco; tobacco refuse
Sub Chapter
New GST Rate
40
%
Standard
The rate shown applies to the retail sale price since 1 Feb 2026; compensation cess is nil. Source: Rule 31D of the CGST Rules.
Old GST Rate
0% or 28%
Description
Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes
Sub Chapter
New GST Rate
18% or 40%
18% for biris (2403 19 21, 2403 19 29); 40% for other manufactured tobacco, taxed on retail sale price since 1 Feb 2026.
Old GST Rate
28
%
Description
Other manufactured tobacco and manufactured tobacco substitutes; "homogenised" or "reconstituted" tobacco; tobacco extracts and essences
Sub Chapter
New GST Rate
18% or 40%
40% for tobacco or nicotine-substitute inhalation products (2404 11 00, 2404 19 00); 18% for other nicotine products (2404 12 00, 2404 91-99).
Old GST Rate
18% or 28%
Description
Products containing tobacco, reconstituted tobacco, nicotine, or tobacco or nicotine substitutes, intended for inhalation without combustion; other nicotine containing products intended for the intake of nicotine into the human body
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India’s Trade Performance — HSN Chapter 24 in FY 2025-26
TradeStat EIDB — Ministry of Commerce & Industry
FY 2018-19–FY 2025-26
Values in ₹ Crore
India’s Exports
FY 2025-26₹17,192 Cr
+2.77%
vs FY 2024-25
0.4407% of India’s total exports
India’s Imports
FY 2025-26₹1,291 Cr
+30.08%
vs FY 2024-25
0.0188% of India’s total imports
Trade Balance
FY 2025-26₹15,901 Cr
Trade Surplus
Surplus rank #14 of 97 chapters
At a glance
14.03%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#43
National Export Rank
of 97 chapters by export value, FY 2025-26
+41.54%
Peak Growth Year
FY 2022-23 · strongest single-year move
2.5×
Export Growth · 8Y
₹6,858.61 Cr → ₹17,192.04 Cr
India Export-Import Trade Statistics for HSN Chapter 24
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
FY 2018-19
Exp. Rank #47
Balance
+6,498.20
Exports
6,858.61 ₹ Cr
0.2973% share
— YoY
Imports
360.41 ₹ Cr
0.0100% share
— YoY
FY 2019-20
Exp. Rank #45
Balance
+6,017.46
Exports
6,409.39 ₹ Cr
0.2889% share
−6.55% YoY
Imports
391.93 ₹ Cr
0.0117% share
+8.75% YoY
FY 2020-21
Exp. Rank #47
Balance
+6,208.80
Exports
6,496.99 ₹ Cr
0.3010% share
+1.37% YoY
Imports
288.19 ₹ Cr
0.0099% share
−26.47% YoY
FY 2021-22
Exp. Rank #51
Balance
+6,410.53
Exports
6,881.52 ₹ Cr
0.2187% share
+5.92% YoY
Imports
470.99 ₹ Cr
0.0103% share
+63.43% YoY
FY 2022-23
Exp. Rank #48
Balance
+9,129.49
Exports
9,739.85 ₹ Cr
0.2690% share
+41.54% YoY
Imports
610.36 ₹ Cr
0.0106% share
+29.59% YoY
FY 2023-24
Exp. Rank #47
Balance
+11,145.17
Exports
12,005.89 ₹ Cr
0.3318% share
+23.27% YoY
Imports
860.72 ₹ Cr
0.0153% share
+41.02% YoY
FY 2024-25
Exp. Rank #43
Balance
+15,735.39
Exports
16,728.02 ₹ Cr
0.4517% share
+39.33% YoY
Imports
992.63 ₹ Cr
0.0163% share
+15.33% YoY
FY 2025-26
Exp. Rank #43
Balance
+15,900.81
Exports
17,192.04 ₹ Cr
0.4407% share
+2.77% YoY
Imports
1,291.23 ₹ Cr
0.0188% share
+30.08% YoY
CAGR · 8-Year
Exports
14.03% /yr
Imports
20.00% /yr
Consistently Surplus
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 24 Export-Import Analysis
HSN Chapter 24 Ranked #43 Among All 97 Chapters by Export Value
In FY 2025-26, HSN Chapter 24 ranks #43 out of 97 chapters by total export value. By trade surplus, it ranks #14 of 97.
FY 2022-23 Was the Strongest Growth Year for HSN Chapter 24 Exports
The strongest single-year export movement for HSN Chapter 24 was recorded in FY 2022-23, when exports surged by 41.54% over the prior year.
India Maintains a Trade Surplus of ₹15,900.81 Crore in HSN Chapter 24 Goods
In FY 2025-26, India's exports of ₹17,192.04 Cr exceeded imports of ₹1,291.23 Cr, resulting in a trade surplus of ₹15,900.81 Crore — ranking #14 of 97 by surplus magnitude.
Import Growth of 20.00% CAGR Signals Rising Demand for Tobacco and Manufactured Tobacco Substitutes
India's imports under HSN Chapter 24 have grown at 20.00% CAGR, reaching ₹1,291.23 Crore in FY 2025-26.
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.