Export Decline: −6.16% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7020 have declined at a compound annual rate of −6.16% over 7 fiscal years, falling from ₹1,597.46 Crore in FY 2018-19 to ₹1,091.01 Crore in FY 2024-25.
HSN Sub Chapter 7020 represents Other glass articles under GST classification. This code helps businesses identify Other glass articles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other glass articles.
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GST Rate for Other glass articles under HSN Code 7020. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Other glass articles.
Tariff HSN
Description
Other articles of glass: Glass shells, glass globes and glass founts : Globes for lamps and lanterns
Tariff HSN
Description
Other articles of glass: Glass shells, glass globes and glass founts : Founts for kerosene wick lamps
Tariff HSN
Description
Other articles of glass: Glass shells, glass globes and glass founts : Other
Tariff HSN
Description
Other articles of glass: Glass chimneys : For lamps and lanterns
Tariff HSN
Description
Other articles of glass: Glass chimneys : Other
Tariff HSN
Description
Other articles of glass: Other
India’s Exports
FY 2024-25₹1,091 Cr
0.0295% of India’s total exports
India’s Imports
FY 2024-25₹461 Cr
0.0076% of India’s total imports
Trade Balance
FY 2024-25₹630 Cr
Surplus rank #237 of 1233 subchapters
% of Chapter 70
FY 2024-2511.29%
Share of Chapter 70’s total exports in FY 2024-25
Import side: 2.48% of Chapter 70’s imports
Rank Within Chapter 70
FY 2024-25#3 of 19
Position by export value among subchapters in Chapter 70
Import-side rank: #9 of 19
At a glance
−6.16%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#371
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+17.84%
Peak Growth Year
FY 2021-22 · strongest single-year move
11.29%
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
+1,415.45
Exports
1,597.46 ₹ Cr
0.0696% share
— YoY
24.00% of Ch. 70
Imports
182.01 ₹ Cr
0.0051% share
— YoY
1.92% of Ch. 70
Balance
+1,161.69
Exports
1,400.30 ₹ Cr
0.0634% share
−12.34% YoY
23.57% of Ch. 70
Imports
238.61 ₹ Cr
0.0071% share
+31.10% YoY
2.76% of Ch. 70
Balance
+1,018.51
Exports
1,245.46 ₹ Cr
0.0579% share
−11.06% YoY
20.24% of Ch. 70
Imports
226.95 ₹ Cr
0.0078% share
−4.89% YoY
3.04% of Ch. 70
Balance
+1,265.87
Exports
1,467.64 ₹ Cr
0.0468% share
+17.84% YoY
18.51% of Ch. 70
Imports
201.77 ₹ Cr
0.0044% share
−11.10% YoY
1.90% of Ch. 70
Balance
+886.59
Exports
1,100.32 ₹ Cr
0.0304% share
−25.03% YoY
13.09% of Ch. 70
Imports
213.73 ₹ Cr
0.0037% share
+5.93% YoY
1.52% of Ch. 70
Balance
+910.33
Exports
1,163.01 ₹ Cr
0.0321% share
+5.70% YoY
12.72% of Ch. 70
Imports
252.68 ₹ Cr
0.0045% share
+18.22% YoY
1.71% of Ch. 70
Balance
+630.38
Exports
1,091.01 ₹ Cr
0.0295% share
−6.19% YoY
11.29% of Ch. 70
Imports
460.63 ₹ Cr
0.0076% share
+82.30% YoY
2.48% of Ch. 70
CAGR · 7-Year
Exports
−6.16% /yr
Imports
16.74% /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 7020 have declined at a compound annual rate of −6.16% over 7 fiscal years, falling from ₹1,597.46 Crore in FY 2018-19 to ₹1,091.01 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7020 ranks #371 out of 1233 subchapters by total export value. Within Chapter 70, it ranks #3 of 19. By trade surplus, it ranks #237 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7020 was recorded in FY 2021-22, when exports surged by 17.84% over the prior year.
In FY 2024-25, India's exports of ₹1,091.01 Cr exceeded imports of ₹460.63 Cr, resulting in a trade surplus of ₹630.38 Crore — ranking #237 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7020 have grown at 16.74% CAGR, reaching ₹460.63 Crore in FY 2024-25.
Among the 19 subchapters under Chapter 70, HSN Sub-Chapter 7020 ranks #3 by export value — accounting for 11.29% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.48% share (rank #9).
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 7020 and GST compliance.
It includes Other glass articles
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 replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
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.
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.
If your outward supply of Other glass articles 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.