Consistent Export Growth: 14.63% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2503 have grown at a compound annual rate of 14.63% over 7 fiscal years, rising from ₹433.25 Crore in FY 2018-19 to ₹982.71 Crore in FY 2024-25.
HSN Sub Chapter 2503 represents Sulfur products under GST classification. This code helps businesses identify Sulfur products correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2503, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Sulfur products.
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GST Rate for Sulfur products under HSN Code 2503. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Sulfur products.
Tariff HSN
Description
Sulphur of all kinds, other than sublimed sulphur, precipitated sulphur and collodial sulphur : Sulphur recovered as by-product in refining of crude oil
Tariff HSN
Description
Sulphur of all kinds, other than sublimed sulphur, precipitated sulphur and collodial sulphur : Other
India’s Exports
FY 2024-25₹983 Cr
0.0265% of India’s total exports
India’s Imports
FY 2024-25₹2,750 Cr
0.0451% of India’s total imports
Trade Balance
FY 2024-25−₹1,768 Cr
Surplus rank #1017 of 1233 subchapters
% of Chapter 25
FY 2024-255.70%
Share of Chapter 25’s total exports in FY 2024-25
Import side: 6.54% of Chapter 25’s imports
Rank Within Chapter 25
FY 2024-25#6 of 29
Position by export value among subchapters in Chapter 25
Import-side rank: #4 of 29
At a glance
14.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#393
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+385.39%
Peak Growth Year
FY 2021-22 · strongest single-year move
5.70%
Contribution to Ch. 25
Share of Chapter 25 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
−1,088.72
Exports
433.25 ₹ Cr
0.0189% share
— YoY
2.78% of Ch. 25
Imports
1,521.97 ₹ Cr
0.0424% share
— YoY
7.63% of Ch. 25
Balance
−436.69
Exports
387.28 ₹ Cr
0.0175% share
−10.61% YoY
2.74% of Ch. 25
Imports
823.97 ₹ Cr
0.0246% share
−45.86% YoY
4.44% of Ch. 25
Balance
−661.97
Exports
432.86 ₹ Cr
0.0201% share
+11.77% YoY
2.46% of Ch. 25
Imports
1,094.83 ₹ Cr
0.0376% share
+32.87% YoY
6.32% of Ch. 25
Balance
−1,435.16
Exports
2,101.05 ₹ Cr
0.0669% share
+385.39% YoY
12.39% of Ch. 25
Imports
3,536.21 ₹ Cr
0.0774% share
+222.99% YoY
11.78% of Ch. 25
Balance
+650.10
Exports
3,326.76 ₹ Cr
0.0919% share
+58.34% YoY
17.51% of Ch. 25
Imports
2,676.66 ₹ Cr
0.0466% share
−24.31% YoY
7.07% of Ch. 25
Balance
−701.99
Exports
1,034.61 ₹ Cr
0.0286% share
−68.90% YoY
5.62% of Ch. 25
Imports
1,736.60 ₹ Cr
0.0309% share
−35.12% YoY
4.93% of Ch. 25
Balance
−1,767.57
Exports
982.71 ₹ Cr
0.0265% share
−5.02% YoY
5.70% of Ch. 25
Imports
2,750.28 ₹ Cr
0.0451% share
+58.37% YoY
6.54% of Ch. 25
CAGR · 7-Year
Exports
14.63% /yr
Imports
10.36% /yr
reference, FY 2024-25
Export
₹17,254.80 Cr
Import
₹42,072.00 Cr
Trade Balance
−24,817.20
India's exports under HSN Sub-Chapter 2503 have grown at a compound annual rate of 14.63% over 7 fiscal years, rising from ₹433.25 Crore in FY 2018-19 to ₹982.71 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2503 ranks #393 out of 1233 subchapters by total export value. Within Chapter 25, it ranks #6 of 29. By trade surplus, it ranks #1017 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2503 was recorded in FY 2021-22, when exports surged by 385.39% over the prior year.
In FY 2024-25, India's imports of ₹2,750.28 Cr exceeded exports of ₹982.71 Cr, resulting in a trade deficit of ₹1,767.57 Crore — ranking #1017 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2503 have grown at 10.36% CAGR, reaching ₹2,750.28 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 25, HSN Sub-Chapter 2503 ranks #6 by export value — accounting for 5.70% of the chapter's total exports in FY 2024-25. On the import side, it holds 6.54% share (rank #4).
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 2503 and GST compliance.
It includes Sulfur products
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
If your outward supply of Sulfur products 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.
Use a delivery challan for sending Sulfur products to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.