Export Decline: −6.24% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2514 have declined at a compound annual rate of −6.24% over 7 fiscal years, falling from ₹123.80 Crore in FY 2018-19 to ₹84.10 Crore in FY 2024-25.
HSN Sub Chapter 2514 represents Slate Blocks & Slabs under GST classification. This code helps businesses identify Slate Blocks & Slabs correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2514, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Slate Blocks & Slabs.
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GST Rate for Slate Blocks & Slabs under HSN Code 2514. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Slate Blocks & Slabs.
Tariff HSN
Description
Slate, whether or not roughly trimmed merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape
India’s Exports
FY 2024-25₹84 Cr
0.0023% 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₹84 Cr
Surplus rank #398 of 1233 subchapters
% of Chapter 25
FY 2024-250.49%
Share of Chapter 25’s total exports in FY 2024-25
Import side: 0.00% of Chapter 25’s imports
Rank Within Chapter 25
FY 2024-25#17 of 29
Position by export value among subchapters in Chapter 25
Import-side rank: #28 of 29
At a glance
−6.24%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#848
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+13.50%
Peak Growth Year
FY 2020-21 · strongest single-year move
0.49%
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
+123.75
Exports
123.80 ₹ Cr
0.0054% share
— YoY
0.79% of Ch. 25
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 25
Balance
+106.00
Exports
106.05 ₹ Cr
0.0048% share
−14.34% YoY
0.75% of Ch. 25
Imports
< ₹1 Crore ₹ Cr
0.0000% share
0.00% YoY
0.00% of Ch. 25
Balance
+120.34
Exports
120.37 ₹ Cr
0.0056% share
+13.50% YoY
0.68% of Ch. 25
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−40.00% YoY
0.00% of Ch. 25
Balance
+120.50
Exports
120.64 ₹ Cr
0.0038% share
+0.22% YoY
0.71% of Ch. 25
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+366.67% YoY
0.00% of Ch. 25
Balance
+88.90
Exports
88.90 ₹ Cr
0.0025% share
−26.31% YoY
0.47% of Ch. 25
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Ch. 25
Balance
+86.06
Exports
86.06 ₹ Cr
0.0024% share
−3.19% YoY
0.47% of Ch. 25
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 25
Balance
+83.86
Exports
84.10 ₹ Cr
0.0023% share
−2.28% YoY
0.49% of Ch. 25
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 25
CAGR · 7-Year
Exports
−6.24% /yr
Imports
29.88% /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 2514 have declined at a compound annual rate of −6.24% over 7 fiscal years, falling from ₹123.80 Crore in FY 2018-19 to ₹84.10 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2514 ranks #848 out of 1233 subchapters by total export value. Within Chapter 25, it ranks #17 of 29. By trade surplus, it ranks #398 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2514 was recorded in FY 2020-21, when exports surged by 13.50% over the prior year.
In FY 2024-25, India's exports of ₹84.10 Cr exceeded imports of ₹0.24 Cr, resulting in a trade surplus of ₹83.86 Crore — ranking #398 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2514 have grown at 29.88% CAGR, reaching ₹0.24 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 25, HSN Sub-Chapter 2514 ranks #17 by export value — accounting for 0.49% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #28).
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 2514 and GST compliance.
It includes Slate Blocks & Slabs
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.
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.
If your outward supply of Slate Blocks & Slabs 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.
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.
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.