Export Decline: −1.15% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 3707 have declined at a compound annual rate of −1.15% over 7 fiscal years, falling from ₹52.81 Crore in FY 2018-19 to ₹49.27 Crore in FY 2024-25.
HSN Sub Chapter 3707 represents Photographic chemicals under GST classification. This code helps businesses identify Photographic chemicals correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 3707, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Photographic chemicals.
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GST Rate for Photographic chemicals under HSN Code 3707. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
37HSN Code
HSN Description
Chemical preparations for photographic uses (other than varnishes, glues, adhesives and similar preparations); unmixed products for photographic uses, put up in measured portions or put up for retail sale in a form ready for use
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Photographic chemicals.
India’s Exports
FY 2024-25₹49 Cr
0.0013% of India’s total exports
India’s Imports
FY 2024-25₹221 Cr
0.0036% of India’s total imports
Trade Balance
FY 2024-25−₹171 Cr
Surplus rank #761 of 1233 subchapters
% of Chapter 37
FY 2024-2529.19%
Share of Chapter 37’s total exports in FY 2024-25
Import side: 11.13% of Chapter 37’s imports
Rank Within Chapter 37
FY 2024-25#2 of 7
Position by export value among subchapters in Chapter 37
Import-side rank: #2 of 7
At a glance
−1.15%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#913
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+32.49%
Peak Growth Year
FY 2021-22 · strongest single-year move
29.19%
Contribution to Ch. 37
Share of Chapter 37 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
−161.62
Exports
52.81 ₹ Cr
0.0023% share
— YoY
62.62% of Ch. 37
Imports
214.43 ₹ Cr
0.0060% share
— YoY
14.69% of Ch. 37
Balance
−164.64
Exports
45.27 ₹ Cr
0.0020% share
−14.28% YoY
57.06% of Ch. 37
Imports
209.91 ₹ Cr
0.0063% share
−2.11% YoY
14.83% of Ch. 37
Balance
−81.18
Exports
32.78 ₹ Cr
0.0015% share
−27.59% YoY
45.22% of Ch. 37
Imports
113.96 ₹ Cr
0.0039% share
−45.71% YoY
10.96% of Ch. 37
Balance
−123.76
Exports
43.43 ₹ Cr
0.0014% share
+32.49% YoY
51.88% of Ch. 37
Imports
167.19 ₹ Cr
0.0037% share
+46.71% YoY
11.03% of Ch. 37
Balance
−168.91
Exports
51.80 ₹ Cr
0.0014% share
+19.27% YoY
56.37% of Ch. 37
Imports
220.71 ₹ Cr
0.0038% share
+32.01% YoY
13.09% of Ch. 37
Balance
−137.29
Exports
57.62 ₹ Cr
0.0016% share
+11.24% YoY
46.18% of Ch. 37
Imports
194.91 ₹ Cr
0.0035% share
−11.69% YoY
10.92% of Ch. 37
Balance
−171.24
Exports
49.27 ₹ Cr
0.0013% share
−14.49% YoY
29.19% of Ch. 37
Imports
220.51 ₹ Cr
0.0036% share
+13.13% YoY
11.13% of Ch. 37
CAGR · 7-Year
Exports
−1.15% /yr
Imports
0.47% /yr
reference, FY 2024-25
Export
₹168.79 Cr
Import
₹1,980.89 Cr
Trade Balance
−1,812.10
India's exports under HSN Sub-Chapter 3707 have declined at a compound annual rate of −1.15% over 7 fiscal years, falling from ₹52.81 Crore in FY 2018-19 to ₹49.27 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 3707 ranks #913 out of 1233 subchapters by total export value. Within Chapter 37, it ranks #2 of 7. By trade surplus, it ranks #761 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 3707 was recorded in FY 2021-22, when exports surged by 32.49% over the prior year.
In FY 2024-25, India's imports of ₹220.51 Cr exceeded exports of ₹49.27 Cr, resulting in a trade deficit of ₹171.24 Crore — ranking #761 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 3707 have grown at 0.47% CAGR, reaching ₹220.51 Crore in FY 2024-25.
Among the 7 subchapters under Chapter 37, HSN Sub-Chapter 3707 ranks #2 by export value — accounting for 29.19% of the chapter's total exports in FY 2024-25. On the import side, it holds 11.13% share (rank #2).
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 3707 and GST compliance.
It includes Photographic chemicals
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Photographic chemicals 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.
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.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
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.
Use a delivery challan for sending Photographic chemicals 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.