Export Decline: −22.97% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2523 have declined at a compound annual rate of −22.97% over 7 fiscal years, falling from ₹2,029.38 Crore in FY 2018-19 to ₹424.07 Crore in FY 2024-25.
HSN Sub Chapter 2523 represents Portland & Similar Hydraulic Cements under GST classification. This code helps businesses identify Portland & Similar Hydraulic Cements correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2523, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Portland & Similar Hydraulic Cements.
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GST Rate for Portland & Similar Hydraulic Cements under HSN Code 2523. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Portland & Similar Hydraulic Cements.
Tariff HSN
Description
Cement clinkers
Tariff HSN
Description
Portland cement: White cement, whether or not artificially coloured
Tariff HSN
Description
Portland cement: Other: Ordinary portland cement, dry
Tariff HSN
Description
Portland cement: Other: Ordinary portland cement, coloured
Tariff HSN
Description
Portland cement: Other: Portland pozzolana Cement
Tariff HSN
Description
Portland cement: Other: Portland slag cement
Tariff HSN
Description
Portland cement: Other: Other
Tariff HSN
Description
Aluminous cement
Tariff HSN
Description
Other hydraulic cements: Sagol; ashmoh
Tariff HSN
Description
Other hydraulic cements: High alumina refractory cement
Tariff HSN
Description
Other hydraulic cements: Other
India’s Exports
FY 2024-25₹424 Cr
0.0115% of India’s total exports
India’s Imports
FY 2024-25₹1,296 Cr
0.0212% of India’s total imports
Trade Balance
FY 2024-25−₹872 Cr
Surplus rank #938 of 1233 subchapters
% of Chapter 25
FY 2024-252.46%
Share of Chapter 25’s total exports in FY 2024-25
Import side: 3.08% of Chapter 25’s imports
Rank Within Chapter 25
FY 2024-25#13 of 29
Position by export value among subchapters in Chapter 25
Import-side rank: #9 of 29
At a glance
−22.97%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#565
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+18.25%
Peak Growth Year
FY 2023-24 · strongest single-year move
2.46%
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
+1,045.94
Exports
2,029.38 ₹ Cr
0.0884% share
— YoY
13.01% of Ch. 25
Imports
983.44 ₹ Cr
0.0274% share
— YoY
4.93% of Ch. 25
Balance
+53.61
Exports
953.99 ₹ Cr
0.0432% share
−52.99% YoY
6.74% of Ch. 25
Imports
900.38 ₹ Cr
0.0268% share
−8.45% YoY
4.85% of Ch. 25
Balance
−54.10
Exports
876.15 ₹ Cr
0.0407% share
−8.16% YoY
4.97% of Ch. 25
Imports
930.25 ₹ Cr
0.0319% share
+3.32% YoY
5.37% of Ch. 25
Balance
−303.26
Exports
618.79 ₹ Cr
0.0197% share
−29.37% YoY
3.65% of Ch. 25
Imports
922.05 ₹ Cr
0.0202% share
−0.88% YoY
3.07% of Ch. 25
Balance
−578.23
Exports
328.11 ₹ Cr
0.0091% share
−46.98% YoY
1.73% of Ch. 25
Imports
906.34 ₹ Cr
0.0158% share
−1.70% YoY
2.39% of Ch. 25
Balance
−828.92
Exports
387.98 ₹ Cr
0.0107% share
+18.25% YoY
2.11% of Ch. 25
Imports
1,216.90 ₹ Cr
0.0217% share
+34.27% YoY
3.46% of Ch. 25
Balance
−871.62
Exports
424.07 ₹ Cr
0.0115% share
+9.30% YoY
2.46% of Ch. 25
Imports
1,295.69 ₹ Cr
0.0212% share
+6.47% YoY
3.08% of Ch. 25
CAGR · 7-Year
Exports
−22.97% /yr
Imports
4.70% /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 2523 have declined at a compound annual rate of −22.97% over 7 fiscal years, falling from ₹2,029.38 Crore in FY 2018-19 to ₹424.07 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2523 ranks #565 out of 1233 subchapters by total export value. Within Chapter 25, it ranks #13 of 29. By trade surplus, it ranks #938 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2523 was recorded in FY 2023-24, when exports surged by 18.25% over the prior year.
In FY 2024-25, India's imports of ₹1,295.69 Cr exceeded exports of ₹424.07 Cr, resulting in a trade deficit of ₹871.62 Crore — ranking #938 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2523 have grown at 4.70% CAGR, reaching ₹1,295.69 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 25, HSN Sub-Chapter 2523 ranks #13 by export value — accounting for 2.46% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.08% share (rank #9).
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 2523 and GST compliance.
It includes Portland & Similar Hydraulic Cements
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Portland & Similar Hydraulic Cements is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Portland & Similar Hydraulic Cements are forward charge. Check the current notifications for any special cases before deciding.
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.