Export Decline: −4.61% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7007 have declined at a compound annual rate of −4.61% over 7 fiscal years, falling from ₹863.26 Crore in FY 2018-19 to ₹650.17 Crore in FY 2024-25.
HSN Sub Chapter 7007 represents Safety glass under GST classification. This code helps businesses identify Safety glass correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7007, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Safety glass.
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GST Rate for Safety glass under HSN Code 7007. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Safety glass.
Tariff HSN
Description
Toughened (tempered) safety glass : Of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels
Tariff HSN
Description
Toughened (tempered) safety glass : Other
Tariff HSN
Description
Laminated safety glass : Of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels : Bullet proof glass
Tariff HSN
Description
Laminated safety glass : Of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels : Other
Tariff HSN
Description
Laminated safety glass : Other
India’s Exports
FY 2024-25₹650 Cr
0.0176% of India’s total exports
India’s Imports
FY 2024-25₹5,876 Cr
0.0964% of India’s total imports
Trade Balance
FY 2024-25−₹5,225 Cr
Surplus rank #1117 of 1233 subchapters
% of Chapter 70
FY 2024-256.73%
Share of Chapter 70’s total exports in FY 2024-25
Import side: 31.57% of Chapter 70’s imports
Rank Within Chapter 70
FY 2024-25#5 of 19
Position by export value among subchapters in Chapter 70
Import-side rank: #1 of 19
At a glance
−4.61%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#476
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+34.28%
Peak Growth Year
FY 2021-22 · strongest single-year move
6.73%
Contribution to Ch. 70
Share of Chapter 70 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
−151.76
Exports
863.26 ₹ Cr
0.0376% share
— YoY
12.97% of Ch. 70
Imports
1,015.02 ₹ Cr
0.0283% share
— YoY
10.71% of Ch. 70
Balance
−735.66
Exports
405.97 ₹ Cr
0.0184% share
−52.97% YoY
6.83% of Ch. 70
Imports
1,141.63 ₹ Cr
0.0340% share
+12.47% YoY
13.19% of Ch. 70
Balance
−936.37
Exports
333.83 ₹ Cr
0.0155% share
−17.77% YoY
5.43% of Ch. 70
Imports
1,270.20 ₹ Cr
0.0436% share
+11.26% YoY
17.03% of Ch. 70
Balance
−1,119.54
Exports
448.27 ₹ Cr
0.0143% share
+34.28% YoY
5.65% of Ch. 70
Imports
1,567.81 ₹ Cr
0.0343% share
+23.43% YoY
14.77% of Ch. 70
Balance
−1,770.49
Exports
575.55 ₹ Cr
0.0159% share
+28.39% YoY
6.85% of Ch. 70
Imports
2,346.04 ₹ Cr
0.0408% share
+49.64% YoY
16.67% of Ch. 70
Balance
−2,674.24
Exports
544.86 ₹ Cr
0.0151% share
−5.33% YoY
5.96% of Ch. 70
Imports
3,219.10 ₹ Cr
0.0573% share
+37.21% YoY
21.80% of Ch. 70
Balance
−5,225.48
Exports
650.17 ₹ Cr
0.0176% share
+19.33% YoY
6.73% of Ch. 70
Imports
5,875.65 ₹ Cr
0.0964% share
+82.52% YoY
31.57% of Ch. 70
CAGR · 7-Year
Exports
−4.61% /yr
Imports
34.00% /yr
reference, FY 2024-25
Export
₹9,665.87 Cr
Import
₹18,611.36 Cr
Trade Balance
−8,945.49
India's exports under HSN Sub-Chapter 7007 have declined at a compound annual rate of −4.61% over 7 fiscal years, falling from ₹863.26 Crore in FY 2018-19 to ₹650.17 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7007 ranks #476 out of 1233 subchapters by total export value. Within Chapter 70, it ranks #5 of 19. By trade surplus, it ranks #1117 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7007 was recorded in FY 2021-22, when exports surged by 34.28% over the prior year.
In FY 2024-25, India's imports of ₹5,875.65 Cr exceeded exports of ₹650.17 Cr, resulting in a trade deficit of ₹5,225.48 Crore — ranking #1117 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7007 have grown at 34.00% CAGR, reaching ₹5,875.65 Crore in FY 2024-25.
Among the 19 subchapters under Chapter 70, HSN Sub-Chapter 7007 ranks #5 by export value — accounting for 6.73% of the chapter's total exports in FY 2024-25. On the import side, it holds 31.57% share (rank #1).
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 7007 and GST compliance.
It includes Safety glass
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.
If your outward supply of Safety glass 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.
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.
Use a delivery challan for sending Safety glass 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.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.