Consistent Export Growth: 2.56% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 5701 have grown at a compound annual rate of 2.56% over 7 fiscal years, rising from ₹2,244.70 Crore in FY 2018-19 to ₹2,612.07 Crore in FY 2024-25.
HSN Sub Chapter 5701 represents Motor vehicle bodies under GST classification. This code helps businesses identify Motor vehicle bodies correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 5701, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Motor vehicle bodies.
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GST Rate for Motor vehicle bodies under HSN Code 5701. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Motor vehicle bodies.
Tariff HSN
Description
Carpets and other textile floor coverings, knotted, whether or not made up - of wool or fine animal hair
Tariff HSN
Description
Of wool or fine animal hair: Hand-made
Tariff HSN
Description
Of wool or fine animal hair: Other
Tariff HSN
Description
Carpets and other textile floor coverings, knotted, whether or not made up - of other textile materials : of cotton
Tariff HSN
Description
Of other textile materials : Of cotton: Hand made
Tariff HSN
Description
Of other textile materials : Of cotton: Other
Tariff HSN
Description
Of other textile materials : Of coir including geo textile
Tariff HSN
Description
Of other textile materials : Of Silk: Handmade
Tariff HSN
Description
Of other textile materials : Of Silk: Other
Tariff HSN
Description
Of other textile materials : Other
India’s Exports
FY 2024-25₹2,612 Cr
0.0705% of India’s total exports
India’s Imports
FY 2024-25₹17 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25₹2,595 Cr
Surplus rank #112 of 1233 subchapters
% of Chapter 57
FY 2024-2514.72%
Share of Chapter 57’s total exports in FY 2024-25
Import side: 1.18% of Chapter 57’s imports
Rank Within Chapter 57
FY 2024-25#3 of 5
Position by export value among subchapters in Chapter 57
Import-side rank: #4 of 5
At a glance
2.56%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#222
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+14.28%
Peak Growth Year
FY 2022-23 · strongest single-year move
14.72%
Contribution to Ch. 57
Share of Chapter 57 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
+2,215.24
Exports
2,244.70 ₹ Cr
0.0978% share
— YoY
18.15% of Ch. 57
Imports
29.46 ₹ Cr
0.0008% share
— YoY
3.46% of Ch. 57
Balance
+2,093.95
Exports
2,123.66 ₹ Cr
0.0961% share
−5.39% YoY
18.00% of Ch. 57
Imports
29.71 ₹ Cr
0.0009% share
+0.85% YoY
3.07% of Ch. 57
Balance
+2,057.62
Exports
2,073.66 ₹ Cr
0.0964% share
−2.35% YoY
15.02% of Ch. 57
Imports
16.04 ₹ Cr
0.0006% share
−46.01% YoY
2.47% of Ch. 57
Balance
+2,146.54
Exports
2,199.84 ₹ Cr
0.0701% share
+6.08% YoY
13.22% of Ch. 57
Imports
53.30 ₹ Cr
0.0012% share
+232.29% YoY
6.22% of Ch. 57
Balance
+2,456.61
Exports
2,513.97 ₹ Cr
0.0694% share
+14.28% YoY
17.10% of Ch. 57
Imports
57.36 ₹ Cr
0.0010% share
+7.62% YoY
4.42% of Ch. 57
Balance
+2,352.84
Exports
2,380.83 ₹ Cr
0.0658% share
−5.30% YoY
15.33% of Ch. 57
Imports
27.99 ₹ Cr
0.0005% share
−51.20% YoY
2.15% of Ch. 57
Balance
+2,594.69
Exports
2,612.07 ₹ Cr
0.0705% share
+9.71% YoY
14.72% of Ch. 57
Imports
17.38 ₹ Cr
0.0003% share
−37.91% YoY
1.18% of Ch. 57
CAGR · 7-Year
Exports
2.56% /yr
Imports
−8.42% /yr
reference, FY 2024-25
Export
₹17,743.68 Cr
Import
₹1,474.92 Cr
Trade Balance
+16,268.76
India's exports under HSN Sub-Chapter 5701 have grown at a compound annual rate of 2.56% over 7 fiscal years, rising from ₹2,244.70 Crore in FY 2018-19 to ₹2,612.07 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 5701 ranks #222 out of 1233 subchapters by total export value. Within Chapter 57, it ranks #3 of 5. By trade surplus, it ranks #112 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 5701 was recorded in FY 2022-23, when exports surged by 14.28% over the prior year.
In FY 2024-25, India's exports of ₹2,612.07 Cr exceeded imports of ₹17.38 Cr, resulting in a trade surplus of ₹2,594.69 Crore — ranking #112 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 5701 have grown at −8.42% CAGR, reaching ₹17.38 Crore in FY 2024-25.
Among the 5 subchapters under Chapter 57, HSN Sub-Chapter 5701 ranks #3 by export value — accounting for 14.72% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.18% share (rank #4).
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 5701 and GST compliance.
It includes Motor vehicle bodies
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.
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.
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.
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 Motor vehicle bodies are forward charge. Check the current notifications for any special cases before deciding.