---
title: "HSN Code for Project Imports & Laboratory Chemicals | HSN Chapter 98 - BUSY"
description: "Get accurate GST rates, HSN codes and case laws for Project Imports & Laboratory Chemicals (Chapter 98) with BUSY.in - your trusted source for HSN tariff details."
canonical: "https://busy.in/hsn/chapter-98/"
---

# HSN Chapter 98: Project Imports & Laboratory Chemicals

Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores

Part of [Section 21: Guide to HSN Section 21](https://busy.in/hsn/section-21/).

## Sub-chapters

| Code | Title | GST rate |
| --- | --- | --- |
| 9801 | [All machinery items](https://busy.in/hsn/sub-chapter-9801/) | 5% |
| 9802 | [Laboratory chemicals](https://busy.in/hsn/sub-chapter-9802/) | 5% |
| 9803 | [Duty-Free Personal Items](https://busy.in/hsn/sub-chapter-9803/) | 12% |
| 9804 | [Waste of synthetic fibres](https://busy.in/hsn/sub-chapter-9804/) | 5% |
| 9805 | [Customs Duty Articles](https://busy.in/hsn/sub-chapter-9805/) | 18% |

## India's trade performance: HSN Chapter 98 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹141 Cr (−31.47% YoY) — 0.0038% of India's total exports
- Imports: ₹9,845 Cr (−19.02% YoY) — 0.1614% of India's total imports
- Trade balance: −₹9,704 Cr (Deficit); surplus rank #77 of 97 chapters

### Key metrics

- Export CAGR: -11.77% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #93 of 97 chapters by export value (FY 2024-25)
- Peak growth year: +62.21% in FY 2022-23
- Export growth (7Y): 0.5x (₹298.23 Cr to ₹140.70 Cr)

## India export-import trade statistics: HSN Chapter 98

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Imports (₹ Cr) | Imp share | Imp YoY | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 298.23 | 0.0129% | — | 16,859.93 | 0.4691% | — | −16,561.70 | #88 |
| FY 2019-20 | 395.04 | 0.0178% | +32.46% | 14,617.99 | 0.4350% | −13.30% | −14,222.95 | #86 |
| FY 2020-21 | 61.13 | 0.0028% | −84.53% | 11,641.04 | 0.3992% | −20.37% | −11,579.91 | #95 |
| FY 2021-22 | 86.70 | 0.0028% | +41.83% | 11,163.02 | 0.2441% | −4.11% | −11,076.32 | #92 |
| FY 2022-23 | 140.64 | 0.0039% | +62.21% | 14,221.92 | 0.2473% | +27.40% | −14,081.28 | #90 |
| FY 2023-24 | 205.32 | 0.0057% | +45.99% | 12,157.76 | 0.2165% | −14.51% | −11,952.44 | #90 |
| FY 2024-25 | 140.70 | 0.0038% | −31.47% | 9,844.80 | 0.1614% | −19.02% | −9,704.10 | #93 |

- CAGR (7-year): exports -11.77%/yr, imports -8.58%/yr (consistently Deficit)

## Key trade insights: HSN Chapter 98 export-import analysis

### Export decline: -11.77% CAGR over 7 years

India's exports under HSN Chapter 98 have declined at a compound annual rate of -11.77% over 7 fiscal years, falling from ₹298.23 Crore in FY 2018-19 to ₹140.70 Crore in FY 2024-25.

### HSN Chapter 98 ranked #93 among all 97 chapters by export value

In FY 2024-25, HSN Chapter 98 ranks #93 out of 97 chapters by total export value. By trade surplus, it ranks #77 of 97.

### FY 2022-23 was the strongest growth year for HSN Chapter 98 exports

The strongest single-year export movement for HSN Chapter 98 was recorded in FY 2022-23, when exports surged by 62.21% over the prior year.

### India records a trade deficit of ₹9,704.10 Crore in HSN Chapter 98 goods

In FY 2024-25, India's imports of ₹9,844.80 Cr exceeded exports of ₹140.70 Cr, resulting in a trade deficit of ₹9,704.10 Crore — ranking #77 of 97 by surplus magnitude.

### Import growth of -8.58% CAGR signals stable import dependency for Project Imports & Laboratory Chemicals

India's imports under HSN Chapter 98 have grown at -8.58% CAGR, reaching ₹9,844.80 Crore in FY 2024-25.

## Related HSN Chapters in Section 21

Ranked by export value (FY 2024-25).

| Rank | HSN Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Chapter 97: Works of Art, Antiques, Etc](https://busy.in/hsn/chapter-97/) | ₹1,355 Cr |
| #2 | HSN Chapter 98: Project Imports & Laboratory Chemicals (this hsn chapter) | ₹141 Cr |

## Other chapters in this section

| Code | Title |
| --- | --- |
| 97 | [Works of Art, Antiques, Etc](https://busy.in/hsn/chapter-97/) |