--- title: "7502 HSN Code | HSN Code for Unwrought nickel in India" description: "Know more about 7502 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7502 covering Unwrought nickel." canonical: "https://busy.in/hsn/sub-chapter-7502/" --- # HSN Sub-chapter 7502: Unwrought nickel Unwrought nickel Part of [Chapter 75: Nickel & Similar Articles](https://busy.in/hsn/chapter-75/). - Current GST rate: 18% - Earlier GST rate: 18% ## HSN codes | Code | Title | | --- | --- | | 75021000 | [Nickel, not alloyed](https://busy.in/hsn/hsn-75021000/) | | 75022010 | [Cupro-Nickel Alloys with >40% Nickel Content](https://busy.in/hsn/hsn-75022010/) | | 75022020 | [Nickel alloys: Monel metal including ‘K’ monel](https://busy.in/hsn/hsn-75022020/) | | 75022030 | [Nickel Alloys with More Than 40% Nickel Content](https://busy.in/hsn/hsn-75022030/) | | 75022040 | [Nickel Alloys (10-40% Nickel)](https://busy.in/hsn/hsn-75022040/) | | 75022090 | [Nickel alloys : Other](https://busy.in/hsn/hsn-75022090/) | ## Frequently asked questions ### What products are classified under HSN 7502 It includes Unwrought nickel ### How do I bill a kit or combo that includes Unwrought nickel? 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. ### Does packaging or branding change how GST applies to Unwrought nickel? Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Unwrought nickel is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment. ### Is the composition scheme suitable if I mainly trade Unwrought nickel? 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. ### How are warranty replacements of Unwrought nickel handled? 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. ### What misclassification mistakes happen with Unwrought nickel? 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. ## India's trade performance: HSN Sub-Chapter 7502 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹158 Cr (+91.10% YoY) — 0.0043% of India's total exports - Imports: ₹4,937 Cr (−14.28% YoY) — 0.0810% of India's total imports - Trade balance: −₹4,779 Cr (Deficit); surplus rank #1110 of 1233 sub-chapters - Share of Chapter 75: 9.91% of its exports; import side 47.27% - Rank within Chapter 75: #5 of 8 by export value; import-side #1 ### Key metrics - Export CAGR: 29.26% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #749 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +4,709.48% in FY 2021-22 - Contribution to Ch. 75: 9.91% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 7502 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 75 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 75 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 33.96 | 0.0015% | — | 7.31% | 3,653.94 | 0.1018% | — | 70.70% | −3,619.98 | #884 | | FY 2019-20 | 4.15 | 0.0002% | −87.78% | 0.64% | 3,400.10 | 0.1014% | −6.95% | 61.27% | −3,395.95 | #1055 | | FY 2020-21 | 5.17 | 0.0002% | +24.58% | 1.25% | 3,221.43 | 0.1106% | −5.25% | 58.44% | −3,216.26 | #1044 | | FY 2021-22 | 248.65 | 0.0079% | +4,709.48% | 26.42% | 5,532.35 | 0.1210% | +71.74% | 69.65% | −5,283.70 | #624 | | FY 2022-23 | 524.06 | 0.0145% | +110.76% | 32.55% | 6,549.34 | 0.1139% | +18.38% | 62.42% | −6,025.28 | #499 | | FY 2023-24 | 82.88 | 0.0023% | −84.19% | 6.06% | 5,759.75 | 0.1026% | −12.06% | 51.88% | −5,676.87 | #832 | | FY 2024-25 | 158.38 | 0.0043% | +91.10% | 9.91% | 4,937.27 | 0.0810% | −14.28% | 47.27% | −4,778.89 | #749 | - CAGR (7-year): exports 29.26%/yr, imports 5.14%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 7502 export-import analysis ### Consistent export growth: 29.26% CAGR over 7 years India's exports under HSN Sub-Chapter 7502 have grown at a compound annual rate of 29.26% over 7 fiscal years, rising from ₹33.96 Crore in FY 2018-19 to ₹158.38 Crore in FY 2024-25. ### HSN Sub-Chapter 7502 ranked #749 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 7502 ranks #749 out of 1233 sub-chapters by total export value. Within Chapter 75, it ranks #5 of 8. By trade surplus, it ranks #1110 of 1233. ### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7502 exports The strongest single-year export movement for HSN Sub-Chapter 7502 was recorded in FY 2021-22, when exports surged by 4,709.48% over the prior year. ### India records a trade deficit of ₹4,778.89 Crore in HSN Sub-Chapter 7502 goods In FY 2024-25, India's imports of ₹4,937.27 Cr exceeded exports of ₹158.38 Cr, resulting in a trade deficit of ₹4,778.89 Crore — ranking #1110 of 1233 by surplus magnitude. ### Import growth of 5.14% CAGR signals stable import dependency for Unwrought nickel India's imports under HSN Sub-Chapter 7502 have grown at 5.14% CAGR, reaching ₹4,937.27 Crore in FY 2024-25. ### HSN Sub-Chapter 7502 contributes 9.91% of Chapter 75 exports — ranked #5 Among the 8 sub-chapters under Chapter 75, HSN Sub-Chapter 7502 ranks #5 by export value — accounting for 9.91% of the chapter's total exports in FY 2024-25. On the import side, it holds 47.27% share (rank #1). ## Related Sub-Chapters in Chapter 75 Ranked by export value (FY 2024-25). | Rank | HSN Sub-Chapter | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Sub-Chapter 7505: Nickel bars, rods, profiles, wire](https://busy.in/hsn/sub-chapter-7505/) | ₹541 Cr | | #2 | [HSN Sub-Chapter 7503: Nickel waste & scrap](https://busy.in/hsn/sub-chapter-7503/) | ₹303 Cr | | #3 | [HSN Sub-Chapter 7507: Nickel tubing & fittings](https://busy.in/hsn/sub-chapter-7507/) | ₹255 Cr | | #4 | [HSN Sub-Chapter 7508: Other nickel articles](https://busy.in/hsn/sub-chapter-7508/) | ₹172 Cr | | #5 | HSN Sub-Chapter 7502: Unwrought nickel (this hsn sub-chapter) | ₹158 Cr | | #6 | [HSN Sub-Chapter 7504: Nickel powders & flakes](https://busy.in/hsn/sub-chapter-7504/) | ₹117 Cr | | #7 | [HSN Sub-Chapter 7506: Nickel plates, sheets, strip, & foil](https://busy.in/hsn/sub-chapter-7506/) | ₹50 Cr | | #8 | [HSN Sub-Chapter 7501: Nickel metallurgy products](https://busy.in/hsn/sub-chapter-7501/) | ₹2 Cr | ## Other sub-chapters | Code | Title | | --- | --- | | 7501 | [Nickel metallurgy products](https://busy.in/hsn/sub-chapter-7501/) | | 7503 | [Nickel waste & scrap](https://busy.in/hsn/sub-chapter-7503/) | | 7504 | [Nickel powders & flakes](https://busy.in/hsn/sub-chapter-7504/) | | 7505 | [Nickel bars, rods, profiles, wire](https://busy.in/hsn/sub-chapter-7505/) | | 7506 | [Nickel plates, sheets, strip, & foil](https://busy.in/hsn/sub-chapter-7506/) | | 7507 | [Nickel tubing & fittings](https://busy.in/hsn/sub-chapter-7507/) | | 7508 | [Other nickel articles](https://busy.in/hsn/sub-chapter-7508/) |