Consistent Export Growth: 17.91% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7008 have grown at a compound annual rate of 17.91% over 7 fiscal years, rising from ₹62.60 Crore in FY 2018-19 to ₹168.19 Crore in FY 2024-25.
HSN Sub Chapter 7008 represents Insulating glass units under GST classification. This code helps businesses identify Insulating glass units correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7008, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Insulating glass units.
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GST Rate for Insulating glass units under HSN Code 7008. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Insulating glass units.
India’s Exports
FY 2024-25₹168 Cr
0.0045% of India’s total exports
India’s Imports
FY 2024-25₹89 Cr
0.0015% of India’s total imports
Trade Balance
FY 2024-25₹79 Cr
Surplus rank #404 of 1233 subchapters
% of Chapter 70
FY 2024-251.74%
Share of Chapter 70’s total exports in FY 2024-25
Import side: 0.48% of Chapter 70’s imports
Rank Within Chapter 70
FY 2024-25#11 of 19
Position by export value among subchapters in Chapter 70
Import-side rank: #14 of 19
At a glance
17.91%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#736
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+71.05%
Peak Growth Year
FY 2023-24 · strongest single-year move
1.74%
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
+16.87
Exports
62.60 ₹ Cr
0.0027% share
— YoY
0.94% of Ch. 70
Imports
45.73 ₹ Cr
0.0013% share
— YoY
0.48% of Ch. 70
Balance
+9.71
Exports
59.89 ₹ Cr
0.0027% share
−4.33% YoY
1.01% of Ch. 70
Imports
50.18 ₹ Cr
0.0015% share
+9.73% YoY
0.58% of Ch. 70
Balance
+29.29
Exports
48.64 ₹ Cr
0.0023% share
−18.78% YoY
0.79% of Ch. 70
Imports
19.35 ₹ Cr
0.0007% share
−61.44% YoY
0.26% of Ch. 70
Balance
−7.87
Exports
59.37 ₹ Cr
0.0019% share
+22.06% YoY
0.75% of Ch. 70
Imports
67.24 ₹ Cr
0.0015% share
+247.49% YoY
0.63% of Ch. 70
Balance
+23.85
Exports
70.05 ₹ Cr
0.0019% share
+17.99% YoY
0.83% of Ch. 70
Imports
46.20 ₹ Cr
0.0008% share
−31.29% YoY
0.33% of Ch. 70
Balance
+72.99
Exports
119.82 ₹ Cr
0.0033% share
+71.05% YoY
1.31% of Ch. 70
Imports
46.83 ₹ Cr
0.0008% share
+1.36% YoY
0.32% of Ch. 70
Balance
+79.33
Exports
168.19 ₹ Cr
0.0045% share
+40.37% YoY
1.74% of Ch. 70
Imports
88.86 ₹ Cr
0.0015% share
+89.75% YoY
0.48% of Ch. 70
CAGR · 7-Year
Exports
17.91% /yr
Imports
11.71% /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 7008 have grown at a compound annual rate of 17.91% over 7 fiscal years, rising from ₹62.60 Crore in FY 2018-19 to ₹168.19 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7008 ranks #736 out of 1233 subchapters by total export value. Within Chapter 70, it ranks #11 of 19. By trade surplus, it ranks #404 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7008 was recorded in FY 2023-24, when exports surged by 71.05% over the prior year.
In FY 2024-25, India's exports of ₹168.19 Cr exceeded imports of ₹88.86 Cr, resulting in a trade surplus of ₹79.33 Crore — ranking #404 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7008 have grown at 11.71% CAGR, reaching ₹88.86 Crore in FY 2024-25.
Among the 19 subchapters under Chapter 70, HSN Sub-Chapter 7008 ranks #11 by export value — accounting for 1.74% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.48% share (rank #14).
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 7008 and GST compliance.
It includes Insulating glass units
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
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.
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.
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.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.