Consistent Export Growth: 13.81% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7010 have grown at a compound annual rate of 13.81% over 7 fiscal years, rising from ₹1,687.43 Crore in FY 2018-19 to ₹3,666.94 Crore in FY 2024-25.
HSN Sub Chapter 7010 represents Glass containers & closures under GST classification. This code helps businesses identify Glass containers & closures correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Glass containers & closures.
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GST Rate for Glass containers & closures under HSN Code 7010. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
70HSN Code
HSN Description
Carboys, bottles, flasks, jars, pots, phials, ampoules and other containers, of glass, of a kind used for the conveyance or packing of goods; preserving jars of glass; stoppers, lids and other closures, of glass
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Glass containers & closures.
India’s Exports
FY 2024-25₹3,667 Cr
0.0990% of India’s total exports
India’s Imports
FY 2024-25₹1,004 Cr
0.0165% of India’s total imports
Trade Balance
FY 2024-25₹2,663 Cr
Surplus rank #110 of 1233 subchapters
% of Chapter 70
FY 2024-2537.94%
Share of Chapter 70’s total exports in FY 2024-25
Import side: 5.39% of Chapter 70’s imports
Rank Within Chapter 70
FY 2024-25#1 of 19
Position by export value among subchapters in Chapter 70
Import-side rank: #6 of 19
At a glance
13.81%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#170
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+29.74%
Peak Growth Year
FY 2021-22 · strongest single-year move
37.94%
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
+1,209.20
Exports
1,687.43 ₹ Cr
0.0735% share
— YoY
25.35% of Ch. 70
Imports
478.23 ₹ Cr
0.0133% share
— YoY
5.05% of Ch. 70
Balance
+1,019.28
Exports
1,651.02 ₹ Cr
0.0748% share
−2.16% YoY
27.79% of Ch. 70
Imports
631.74 ₹ Cr
0.0188% share
+32.10% YoY
7.30% of Ch. 70
Balance
+1,186.99
Exports
1,822.17 ₹ Cr
0.0847% share
+10.37% YoY
29.62% of Ch. 70
Imports
635.18 ₹ Cr
0.0218% share
+0.54% YoY
8.52% of Ch. 70
Balance
+1,661.27
Exports
2,364.04 ₹ Cr
0.0753% share
+29.74% YoY
29.82% of Ch. 70
Imports
702.77 ₹ Cr
0.0154% share
+10.64% YoY
6.62% of Ch. 70
Balance
+2,316.50
Exports
2,955.32 ₹ Cr
0.0816% share
+25.01% YoY
35.15% of Ch. 70
Imports
638.82 ₹ Cr
0.0111% share
−9.10% YoY
4.54% of Ch. 70
Balance
+2,646.96
Exports
3,494.18 ₹ Cr
0.0966% share
+18.23% YoY
38.21% of Ch. 70
Imports
847.22 ₹ Cr
0.0151% share
+32.62% YoY
5.74% of Ch. 70
Balance
+2,663.03
Exports
3,666.94 ₹ Cr
0.0990% share
+4.94% YoY
37.94% of Ch. 70
Imports
1,003.91 ₹ Cr
0.0165% share
+18.49% YoY
5.39% of Ch. 70
CAGR · 7-Year
Exports
13.81% /yr
Imports
13.16% /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 7010 have grown at a compound annual rate of 13.81% over 7 fiscal years, rising from ₹1,687.43 Crore in FY 2018-19 to ₹3,666.94 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7010 ranks #170 out of 1233 subchapters by total export value. Within Chapter 70, it ranks #1 of 19. By trade surplus, it ranks #110 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7010 was recorded in FY 2021-22, when exports surged by 29.74% over the prior year.
In FY 2024-25, India's exports of ₹3,666.94 Cr exceeded imports of ₹1,003.91 Cr, resulting in a trade surplus of ₹2,663.03 Crore — ranking #110 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7010 have grown at 13.16% CAGR, reaching ₹1,003.91 Crore in FY 2024-25.
Among the 19 subchapters under Chapter 70, HSN Sub-Chapter 7010 ranks #1 by export value — accounting for 37.94% of the chapter's total exports in FY 2024-25. On the import side, it holds 5.39% share (rank #6).
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 7010 and GST compliance.
It includes Glass containers & closures
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.
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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Glass containers & closures are forward charge. Check the current notifications for any special cases before deciding.
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.