Consistent Export Growth: 14.15% CAGR Over 8 Years
India's exports under HSN Sub-Chapter 7324 have grown at a compound annual rate of 14.15% over 8 fiscal years, rising from ₹64.88 Crore in FY 2018-19 to ₹163.80 Crore in FY 2025-26.
HSN Sub Chapter 7324 represents Steel Sanitary Ware under GST classification. This code helps businesses identify Steel Sanitary Ware correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7324, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Steel Sanitary Ware.
Manage correct HSN codes and GST rates with BUSY.
GST Rate for Steel Sanitary Ware under HSN Code 7324. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Steel Sanitary Ware.
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹164 Cr
0.0042% of India’s total exports
India’s Imports
FY 2025-26₹543 Cr
0.0079% of India’s total imports
Trade Balance
FY 2025-26−₹379 Cr
Surplus rank #845 of 1233 subchapters
% of Chapter 73
FY 2025-260.18%
Share of Chapter 73’s total exports in FY 2025-26
Import side: 1.07% of Chapter 73’s imports
Rank Within Chapter 73
FY 2025-26#21 of 26
Position by export value among subchapters in Chapter 73
Import-side rank: #14 of 26
At a glance
14.15%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#765
National Export Rank
of 1233 subchapters by export value, FY 2025-26
+29.37%
Peak Growth Year
FY 2024-25 · strongest single-year move
0.18%
Contribution to Ch. 73
Share of Chapter 73 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−214.28
Exports
64.88 ₹ Cr
0.0028% share
— YoY
0.13% of Ch. 73
Imports
279.16 ₹ Cr
0.0078% share
— YoY
0.78% of Ch. 73
Balance
−181.84
Exports
69.25 ₹ Cr
0.0031% share
+6.74% YoY
0.14% of Ch. 73
Imports
251.09 ₹ Cr
0.0075% share
−10.06% YoY
0.76% of Ch. 73
Balance
−159.70
Exports
81.18 ₹ Cr
0.0038% share
+17.23% YoY
0.17% of Ch. 73
Imports
240.88 ₹ Cr
0.0083% share
−4.07% YoY
0.86% of Ch. 73
Balance
−229.29
Exports
102.21 ₹ Cr
0.0033% share
+25.91% YoY
0.16% of Ch. 73
Imports
331.50 ₹ Cr
0.0073% share
+37.62% YoY
0.94% of Ch. 73
Balance
−292.50
Exports
113.77 ₹ Cr
0.0031% share
+11.31% YoY
0.14% of Ch. 73
Imports
406.27 ₹ Cr
0.0071% share
+22.56% YoY
1.06% of Ch. 73
Balance
−362.34
Exports
99.05 ₹ Cr
0.0027% share
−12.94% YoY
0.12% of Ch. 73
Imports
461.39 ₹ Cr
0.0082% share
+13.57% YoY
1.09% of Ch. 73
Balance
−384.39
Exports
128.14 ₹ Cr
0.0035% share
+29.37% YoY
0.15% of Ch. 73
Imports
512.53 ₹ Cr
0.0084% share
+11.08% YoY
1.15% of Ch. 73
Balance
−379.20
Exports
163.80 ₹ Cr
0.0042% share
+27.83% YoY
0.18% of Ch. 73
Imports
543.00 ₹ Cr
0.0079% share
+5.95% YoY
1.07% of Ch. 73
CAGR · 8-Year
Exports
14.15% /yr
Imports
9.97% /yr
reference, FY 2025-26
Export
₹91,955.66 Cr
Import
₹50,794.11 Cr
Trade Balance
+41,161.55
India's exports under HSN Sub-Chapter 7324 have grown at a compound annual rate of 14.15% over 8 fiscal years, rising from ₹64.88 Crore in FY 2018-19 to ₹163.80 Crore in FY 2025-26.
In FY 2025-26, HSN Sub-Chapter 7324 ranks #765 out of 1233 subchapters by total export value. Within Chapter 73, it ranks #21 of 26. By trade surplus, it ranks #845 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7324 was recorded in FY 2024-25, when exports surged by 29.37% over the prior year.
In FY 2025-26, India's imports of ₹543.00 Cr exceeded exports of ₹163.80 Cr, resulting in a trade deficit of ₹379.20 Crore — ranking #845 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7324 have grown at 9.97% CAGR, reaching ₹543.00 Crore in FY 2025-26.
Among the 26 subchapters under Chapter 73, HSN Sub-Chapter 7324 ranks #21 by export value — accounting for 0.18% of the chapter's total exports in FY 2025-26. On the import side, it holds 1.07% share (rank #14).
Clear answers to common queries about HSN Sub Chapter 7324 and GST compliance.
It includes Steel Sanitary Ware
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.
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.
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.
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.