Export Decline: −3.30% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 0705 have declined at a compound annual rate of −3.30% over 7 fiscal years, falling from ₹1.15 Crore in FY 2018-19 to ₹0.94 Crore in FY 2024-25.
HSN Sub Chapter 0705 represents Fresh lettuce and chicory under GST classification. This code helps businesses identify Fresh lettuce and chicory correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 0705, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fresh lettuce and chicory.
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GST Rate for Fresh lettuce and chicory under HSN Code 0705. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Fresh lettuce and chicory.
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25< ₹1 Crore
Surplus rank #512 of 1233 subchapters
% of Chapter 07
FY 2024-250.01%
Share of Chapter 07’s total exports in FY 2024-25
Import side: 0.00% of Chapter 07’s imports
Rank Within Chapter 07
FY 2024-25#14 of 14
Position by export value among subchapters in Chapter 07
Import-side rank: #10 of 14
At a glance
−3.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1142
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+187.83%
Peak Growth Year
FY 2019-20 · strongest single-year move
0.01%
Contribution to Ch. 07
Share of Chapter 07 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
+1.11
Exports
1.15 ₹ Cr
0.0001% share
— YoY
0.01% of Ch. 07
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 07
Balance
+3.31
Exports
3.31 ₹ Cr
0.0001% share
+187.83% YoY
0.04% of Ch. 07
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Ch. 07
Balance
+2.39
Exports
2.39 ₹ Cr
0.0001% share
−27.79% YoY
0.02% of Ch. 07
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 07
Balance
+1.94
Exports
1.94 ₹ Cr
0.0001% share
−18.83% YoY
0.02% of Ch. 07
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 07
Balance
+1.05
Exports
1.05 ₹ Cr
0.0000% share
−45.88% YoY
0.01% of Ch. 07
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 07
Balance
+1.35
Exports
1.64 ₹ Cr
0.0000% share
+56.19% YoY
0.01% of Ch. 07
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 07
Balance
+0.74
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−42.68% YoY
0.01% of Ch. 07
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−31.03% YoY
0.00% of Ch. 07
CAGR · 7-Year
Exports
−3.30% /yr
Imports
30.77% /yr
reference, FY 2024-25
Export
₹18,550.75 Cr
Import
₹47,372.66 Cr
Trade Balance
−28,821.91
India's exports under HSN Sub-Chapter 0705 have declined at a compound annual rate of −3.30% over 7 fiscal years, falling from ₹1.15 Crore in FY 2018-19 to ₹0.94 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 0705 ranks #1142 out of 1233 subchapters by total export value. Within Chapter 07, it ranks #14 of 14. By trade surplus, it ranks #512 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 0705 was recorded in FY 2019-20, when exports surged by 187.83% over the prior year.
In FY 2024-25, India's exports of ₹0.94 Cr exceeded imports of ₹0.20 Cr, resulting in a trade surplus of ₹0.74 Crore — ranking #512 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 0705 have grown at 30.77% CAGR, reaching ₹0.20 Crore in FY 2024-25.
Among the 14 subchapters under Chapter 07, HSN Sub-Chapter 0705 ranks #14 by export value — accounting for 0.01% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #10).
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 0705 and GST compliance.
It includes Fresh lettuce and chicory
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
If your outward supply of Fresh lettuce and chicory is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
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.
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.