Consistent Export Growth: 37.76% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 0501 have grown at a compound annual rate of 37.76% over 7 fiscal years, rising from ₹246.53 Crore in FY 2018-19 to ₹1,685.05 Crore in FY 2024-25.
HSN Sub Chapter 0501 represents Spices & herbs under GST classification. This code helps businesses identify Spices & herbs correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 0501, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Spices & herbs.
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GST Rate for Spices & herbs under HSN Code 0501. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Spices & herbs.
India’s Exports
FY 2024-25₹1,685 Cr
0.0455% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹1,685 Cr
Surplus rank #146 of 1233 subchapters
% of Chapter 05
FY 2024-2568.65%
Share of Chapter 05’s total exports in FY 2024-25
Import side: 0.00% of Chapter 05’s imports
Rank Within Chapter 05
FY 2024-25#1 of 9
Position by export value among subchapters in Chapter 05
At a glance
37.76%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#298
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+1,039.32%
Peak Growth Year
FY 2021-22 · strongest single-year move
68.65%
Contribution to Ch. 05
Share of Chapter 05 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
+242.94
Exports
246.53 ₹ Cr
0.0107% share
— YoY
26.58% of Ch. 05
Imports
3.59 ₹ Cr
0.0001% share
— YoY
1.16% of Ch. 05
Balance
+57.13
Exports
57.33 ₹ Cr
0.0026% share
−76.75% YoY
8.63% of Ch. 05
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−94.43% YoY
0.08% of Ch. 05
Balance
+112.95
Exports
113.12 ₹ Cr
0.0053% share
+97.31% YoY
15.80% of Ch. 05
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−15.00% YoY
0.08% of Ch. 05
Balance
+1,288.66
Exports
1,288.80 ₹ Cr
0.0411% share
+1,039.32% YoY
64.36% of Ch. 05
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−17.65% YoY
0.04% of Ch. 05
Balance
+1,466.91
Exports
1,468.50 ₹ Cr
0.0406% share
+13.94% YoY
70.19% of Ch. 05
Imports
1.59 ₹ Cr
0.0000% share
+1,035.71% YoY
0.42% of Ch. 05
Balance
+1,520.10
Exports
1,520.14 ₹ Cr
0.0420% share
+3.52% YoY
68.25% of Ch. 05
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−97.48% YoY
0.01% of Ch. 05
Balance
+1,685.05
Exports
1,685.05 ₹ Cr
0.0455% share
+10.85% YoY
68.65% of Ch. 05
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Ch. 05
CAGR · 7-Year
Exports
37.76% /yr
Imports
—
reference, FY 2024-25
Export
₹2,454.59 Cr
Import
₹376.72 Cr
Trade Balance
+2,077.87
India's exports under HSN Sub-Chapter 0501 have grown at a compound annual rate of 37.76% over 7 fiscal years, rising from ₹246.53 Crore in FY 2018-19 to ₹1,685.05 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 0501 ranks #298 out of 1233 subchapters by total export value. Within Chapter 05, it ranks #1 of 9. By trade surplus, it ranks #146 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 0501 was recorded in FY 2021-22, when exports surged by 1,039.32% over the prior year.
In FY 2024-25, India's exports of ₹1,685.05 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹1,685.05 Crore — ranking #146 of 1233 by surplus magnitude.
Among the 9 subchapters under Chapter 05, HSN Sub-Chapter 0501 ranks #1 by export value — accounting for 68.65% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.
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 0501 and GST compliance.
It includes Spices & herbs
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Spices & herbs are forward charge. Check the current notifications for any special cases before deciding.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.