Consistent Export Growth: 83.53% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2528 have grown at a compound annual rate of 83.53% over 7 fiscal years, rising from ₹0.19 Crore in FY 2018-19 to ₹7.26 Crore in FY 2024-25.
HSN Sub Chapter 2528 represents Natural borates & boric acid under GST classification. This code helps businesses identify Natural borates & boric acid correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2528, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Natural borates & boric acid.
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GST Rate for Natural borates & boric acid under HSN Code 2528. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Natural borates & boric acid.
Tariff HSN
Description
Natural borates and concentrates thereof (Whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85 % of H3 BO3 calculated on the dry weight: Natural sodium borates and concentrates thereof (whether or not calcined)
Tariff HSN
Description
Natural borates and concentrates thereof (Whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85 % of H3 BO3 calculated on the dry weight: Natural sodium borates and concentrates thereof (whether or not calcined)
Tariff HSN
Description
Natural borates and concentrates thereof (Whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85 % of H3 BO3 calculated on the dry weight: Natural sodium borates and concentrates thereof (whether or not calcined)
Tariff HSN
Description
Natural borates and concentrates thereof (Whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85 % of H3 BO3 calculated on the dry weight: Natural sodium borates and concentrates thereof (whether or not calcined)
Tariff HSN
Description
Natural borates and concentrates thereof (whether or not calcined), but not including borates separated from natural brine; natural boric acid containing not more than 85% of h3bo3 calculated on the dry weight- other: natural calcium borates and concentrates thereof (whether or not calcined)
India’s Exports
FY 2024-25₹7 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹490 Cr
0.0080% of India’s total imports
Trade Balance
FY 2024-25−₹483 Cr
Surplus rank #865 of 1233 subchapters
% of Chapter 25
FY 2024-250.04%
Share of Chapter 25’s total exports in FY 2024-25
Import side: 1.16% of Chapter 25’s imports
Rank Within Chapter 25
FY 2024-25#24 of 29
Position by export value among subchapters in Chapter 25
Import-side rank: #15 of 29
At a glance
83.53%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1065
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+1,323.53%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.04%
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
−220.43
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.00% of Ch. 25
Imports
220.62 ₹ Cr
0.0061% share
— YoY
1.11% of Ch. 25
Balance
−215.05
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+257.89% YoY
0.00% of Ch. 25
Imports
215.73 ₹ Cr
0.0064% share
−2.22% YoY
1.16% of Ch. 25
Balance
−210.81
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−17.65% YoY
0.00% of Ch. 25
Imports
211.37 ₹ Cr
0.0073% share
−2.02% YoY
1.22% of Ch. 25
Balance
−290.73
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−37.50% YoY
0.00% of Ch. 25
Imports
291.08 ₹ Cr
0.0064% share
+37.71% YoY
0.97% of Ch. 25
Balance
−288.82
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+82.86% YoY
0.00% of Ch. 25
Imports
289.46 ₹ Cr
0.0050% share
−0.56% YoY
0.76% of Ch. 25
Balance
−350.93
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−20.31% YoY
0.00% of Ch. 25
Imports
351.44 ₹ Cr
0.0063% share
+21.41% YoY
1.00% of Ch. 25
Balance
−482.69
Exports
7.26 ₹ Cr
0.0002% share
+1,323.53% YoY
0.04% of Ch. 25
Imports
489.95 ₹ Cr
0.0080% share
+39.41% YoY
1.16% of Ch. 25
CAGR · 7-Year
Exports
83.53% /yr
Imports
14.22% /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 2528 have grown at a compound annual rate of 83.53% over 7 fiscal years, rising from ₹0.19 Crore in FY 2018-19 to ₹7.26 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2528 ranks #1065 out of 1233 subchapters by total export value. Within Chapter 25, it ranks #24 of 29. By trade surplus, it ranks #865 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2528 was recorded in FY 2024-25, when exports surged by 1,323.53% over the prior year.
In FY 2024-25, India's imports of ₹489.95 Cr exceeded exports of ₹7.26 Cr, resulting in a trade deficit of ₹482.69 Crore — ranking #865 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2528 have grown at 14.22% CAGR, reaching ₹489.95 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 25, HSN Sub-Chapter 2528 ranks #24 by export value — accounting for 0.04% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.16% share (rank #15).
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 2528 and GST compliance.
It includes Natural borates & boric acid
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 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.
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.
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Natural borates & boric acid 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.