Consistent Export Growth: 9.78% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7017 have grown at a compound annual rate of 9.78% over 7 fiscal years, rising from ₹163.44 Crore in FY 2018-19 to ₹286.15 Crore in FY 2024-25.
HSN Sub Chapter 7017 represents Laboratory Glassware under GST classification. This code helps businesses identify Laboratory Glassware correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7017, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Laboratory Glassware.
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GST Rate for Laboratory Glassware under HSN Code 7017. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Laboratory Glassware.
Tariff HSN
Description
Of fused quartz or other fused silica
Tariff HSN
Description
Of other glass having a linear coefficient of expansion not exceeding 5 x 10-6 per Kelvin within a temperature range of 00C to 3000C
Tariff HSN
Description
Other : Graduated or calibrated laboratory glassware
Tariff HSN
Description
Other : Pharmaceutical glassware
Tariff HSN
Description
Other : Hygienic glassware
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹286 Cr
0.0077% of India’s total exports
India’s Imports
FY 2024-25₹300 Cr
0.0049% of India’s total imports
Trade Balance
FY 2024-25−₹14 Cr
Surplus rank #601 of 1233 subchapters
% of Chapter 70
FY 2024-252.96%
Share of Chapter 70’s total exports in FY 2024-25
Import side: 1.61% of Chapter 70’s imports
Rank Within Chapter 70
FY 2024-25#9 of 19
Position by export value among subchapters in Chapter 70
Import-side rank: #11 of 19
At a glance
9.78%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#631
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+27.09%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.96%
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
−27.97
Exports
163.44 ₹ Cr
0.0071% share
— YoY
2.46% of Ch. 70
Imports
191.41 ₹ Cr
0.0053% share
— YoY
2.02% of Ch. 70
Balance
−11.05
Exports
171.49 ₹ Cr
0.0078% share
+4.93% YoY
2.89% of Ch. 70
Imports
182.54 ₹ Cr
0.0054% share
−4.63% YoY
2.11% of Ch. 70
Balance
−2.32
Exports
173.41 ₹ Cr
0.0081% share
+1.12% YoY
2.82% of Ch. 70
Imports
175.73 ₹ Cr
0.0060% share
−3.73% YoY
2.36% of Ch. 70
Balance
−20.00
Exports
220.38 ₹ Cr
0.0070% share
+27.09% YoY
2.78% of Ch. 70
Imports
240.38 ₹ Cr
0.0053% share
+36.79% YoY
2.26% of Ch. 70
Balance
+22.75
Exports
271.40 ₹ Cr
0.0075% share
+23.15% YoY
3.23% of Ch. 70
Imports
248.65 ₹ Cr
0.0043% share
+3.44% YoY
1.77% of Ch. 70
Balance
+17.91
Exports
273.95 ₹ Cr
0.0076% share
+0.94% YoY
3.00% of Ch. 70
Imports
256.04 ₹ Cr
0.0046% share
+2.97% YoY
1.73% of Ch. 70
Balance
−13.53
Exports
286.15 ₹ Cr
0.0077% share
+4.45% YoY
2.96% of Ch. 70
Imports
299.68 ₹ Cr
0.0049% share
+17.04% YoY
1.61% of Ch. 70
CAGR · 7-Year
Exports
9.78% /yr
Imports
7.76% /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 7017 have grown at a compound annual rate of 9.78% over 7 fiscal years, rising from ₹163.44 Crore in FY 2018-19 to ₹286.15 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7017 ranks #631 out of 1233 subchapters by total export value. Within Chapter 70, it ranks #9 of 19. By trade surplus, it ranks #601 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7017 was recorded in FY 2021-22, when exports surged by 27.09% over the prior year.
In FY 2024-25, India's imports of ₹299.68 Cr exceeded exports of ₹286.15 Cr, resulting in a trade deficit of ₹13.53 Crore — ranking #601 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7017 have grown at 7.76% CAGR, reaching ₹299.68 Crore in FY 2024-25.
Among the 19 subchapters under Chapter 70, HSN Sub-Chapter 7017 ranks #9 by export value — accounting for 2.96% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.61% share (rank #11).
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 7017 and GST compliance.
It includes Laboratory Glassware
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.
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.
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.
If your outward supply of Laboratory Glassware 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.
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.