Consistent Export Growth: 8.66% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2529 have grown at a compound annual rate of 8.66% over 7 fiscal years, rising from ₹333.40 Crore in FY 2018-19 to ₹548.91 Crore in FY 2024-25.
HSN Sub Chapter 2529 represents Mineral substances under GST classification. This code helps businesses identify Mineral substances correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2529, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Mineral substances.
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GST Rate for Mineral substances under HSN Code 2529. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Mineral substances.
Tariff HSN
Description
Feldspar: Lumps
Tariff HSN
Description
Feldspar: Powder
Tariff HSN
Description
Fluorspar: Containing by weight 97% or less of calcium fluoride
Tariff HSN
Description
Fluorspar: Containing by weight more than 97% of calcium fluoride
Tariff HSN
Description
Leucite; nepheline and nepheline syenite
India’s Exports
FY 2024-25₹549 Cr
0.0148% of India’s total exports
India’s Imports
FY 2024-25₹1,313 Cr
0.0215% of India’s total imports
Trade Balance
FY 2024-25−₹764 Cr
Surplus rank #926 of 1233 subchapters
% of Chapter 25
FY 2024-253.18%
Share of Chapter 25’s total exports in FY 2024-25
Import side: 3.12% of Chapter 25’s imports
Rank Within Chapter 25
FY 2024-25#9 of 29
Position by export value among subchapters in Chapter 25
Import-side rank: #8 of 29
At a glance
8.66%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#515
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+20.64%
Peak Growth Year
FY 2020-21 · strongest single-year move
3.18%
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
−404.84
Exports
333.40 ₹ Cr
0.0145% share
— YoY
2.14% of Ch. 25
Imports
738.24 ₹ Cr
0.0206% share
— YoY
3.70% of Ch. 25
Balance
−404.99
Exports
327.73 ₹ Cr
0.0148% share
−1.70% YoY
2.31% of Ch. 25
Imports
732.72 ₹ Cr
0.0218% share
−0.75% YoY
3.94% of Ch. 25
Balance
−221.60
Exports
395.36 ₹ Cr
0.0184% share
+20.64% YoY
2.24% of Ch. 25
Imports
616.96 ₹ Cr
0.0212% share
−15.80% YoY
3.56% of Ch. 25
Balance
−360.85
Exports
423.80 ₹ Cr
0.0135% share
+7.19% YoY
2.50% of Ch. 25
Imports
784.65 ₹ Cr
0.0172% share
+27.18% YoY
2.61% of Ch. 25
Balance
−720.43
Exports
435.81 ₹ Cr
0.0120% share
+2.83% YoY
2.29% of Ch. 25
Imports
1,156.24 ₹ Cr
0.0201% share
+47.36% YoY
3.05% of Ch. 25
Balance
−525.60
Exports
521.16 ₹ Cr
0.0144% share
+19.58% YoY
2.83% of Ch. 25
Imports
1,046.76 ₹ Cr
0.0186% share
−9.47% YoY
2.97% of Ch. 25
Balance
−764.48
Exports
548.91 ₹ Cr
0.0148% share
+5.32% YoY
3.18% of Ch. 25
Imports
1,313.39 ₹ Cr
0.0215% share
+25.47% YoY
3.12% of Ch. 25
CAGR · 7-Year
Exports
8.66% /yr
Imports
10.08% /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 2529 have grown at a compound annual rate of 8.66% over 7 fiscal years, rising from ₹333.40 Crore in FY 2018-19 to ₹548.91 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2529 ranks #515 out of 1233 subchapters by total export value. Within Chapter 25, it ranks #9 of 29. By trade surplus, it ranks #926 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2529 was recorded in FY 2020-21, when exports surged by 20.64% over the prior year.
In FY 2024-25, India's imports of ₹1,313.39 Cr exceeded exports of ₹548.91 Cr, resulting in a trade deficit of ₹764.48 Crore — ranking #926 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2529 have grown at 10.08% CAGR, reaching ₹1,313.39 Crore in FY 2024-25.
Among the 29 subchapters under Chapter 25, HSN Sub-Chapter 2529 ranks #9 by export value — accounting for 3.18% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.12% share (rank #8).
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 2529 and GST compliance.
It includes Mineral substances
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.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Mineral substances 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.
If your outward supply of Mineral substances 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 Mineral substances 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.