--- title: "7503 HSN Code | HSN Code for Nickel waste & scrap in India" description: "Know more about 7503 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7503 covering Nickel waste & scrap." canonical: "https://busy.in/hsn/sub-chapter-7503/" --- # HSN Sub-chapter 7503: Nickel waste & scrap Nickel waste and scrap 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 | | --- | --- | | 75030010 | [Nickel waste and scrap](https://busy.in/hsn/hsn-75030010/) | | 75030090 | [Nickel Waste And Scrap \| Other](https://busy.in/hsn/hsn-75030090/) | ## Frequently asked questions ### What products are classified under HSN 7503 It includes Nickel waste & scrap ### What are the e‑way bill and e‑invoice points while moving Nickel waste & scrap? 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. ### How should I document Nickel waste & scrap sent for job work? Use a delivery challan for sending Nickel waste & scrap to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN. ### What misclassification mistakes happen with Nickel waste & scrap? 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. ### Can I claim ITC on inputs and services used for Nickel waste & scrap? If your outward supply of Nickel waste & scrap 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. ### Any special steps when selling Nickel waste & scrap through an e‑commerce platform? 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. ### If I repair and return Nickel waste & scrap, how should I charge GST? 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. ## India's trade performance: HSN Sub-Chapter 7503 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹303 Cr (+32.15% YoY) — 0.0082% of India's total exports - Imports: ₹370 Cr (+0.87% YoY) — 0.0061% of India's total imports - Trade balance: −₹67 Cr (Deficit); surplus rank #693 of 1233 sub-chapters - Share of Chapter 75: 18.94% of its exports; import side 3.54% - Rank within Chapter 75: #2 of 8 by export value; import-side #6 ### Key metrics - Export CAGR: 27.23% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #622 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +239.58% in FY 2021-22 - Contribution to Ch. 75: 18.94% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 7503 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 | 71.33 | 0.0031% | — | 15.34% | 100.61 | 0.0028% | — | 1.95% | −29.28 | #775 | | FY 2019-20 | 70.17 | 0.0032% | −1.63% | 10.74% | 163.72 | 0.0049% | +62.73% | 2.95% | −93.55 | #791 | | FY 2020-21 | 38.38 | 0.0018% | −45.30% | 9.25% | 210.28 | 0.0072% | +28.44% | 3.81% | −171.90 | #867 | | FY 2021-22 | 130.33 | 0.0042% | +239.58% | 13.85% | 201.10 | 0.0044% | −4.37% | 2.53% | −70.77 | #738 | | FY 2022-23 | 225.54 | 0.0062% | +73.05% | 14.01% | 269.13 | 0.0047% | +33.83% | 2.56% | −43.59 | #664 | | FY 2023-24 | 228.93 | 0.0063% | +1.50% | 16.75% | 366.71 | 0.0065% | +36.26% | 3.30% | −137.78 | #667 | | FY 2024-25 | 302.53 | 0.0082% | +32.15% | 18.94% | 369.91 | 0.0061% | +0.87% | 3.54% | −67.38 | #622 | - CAGR (7-year): exports 27.23%/yr, imports 24.23%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 7503 export-import analysis ### Consistent export growth: 27.23% CAGR over 7 years India's exports under HSN Sub-Chapter 7503 have grown at a compound annual rate of 27.23% over 7 fiscal years, rising from ₹71.33 Crore in FY 2018-19 to ₹302.53 Crore in FY 2024-25. ### HSN Sub-Chapter 7503 ranked #622 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 7503 ranks #622 out of 1233 sub-chapters by total export value. Within Chapter 75, it ranks #2 of 8. By trade surplus, it ranks #693 of 1233. ### FY 2021-22 was the strongest growth year for HSN Sub-Chapter 7503 exports The strongest single-year export movement for HSN Sub-Chapter 7503 was recorded in FY 2021-22, when exports surged by 239.58% over the prior year. ### India records a trade deficit of ₹67.38 Crore in HSN Sub-Chapter 7503 goods In FY 2024-25, India's imports of ₹369.91 Cr exceeded exports of ₹302.53 Cr, resulting in a trade deficit of ₹67.38 Crore — ranking #693 of 1233 by surplus magnitude. ### Import growth of 24.23% CAGR signals rising demand for Nickel waste & scrap India's imports under HSN Sub-Chapter 7503 have grown at 24.23% CAGR, reaching ₹369.91 Crore in FY 2024-25. ### HSN Sub-Chapter 7503 contributes 18.94% of Chapter 75 exports — ranked #2 Among the 8 sub-chapters under Chapter 75, HSN Sub-Chapter 7503 ranks #2 by export value — accounting for 18.94% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.54% share (rank #6). ## 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 (this hsn sub-chapter) | ₹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](https://busy.in/hsn/sub-chapter-7502/) | ₹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/) | | 7502 | [Unwrought nickel](https://busy.in/hsn/sub-chapter-7502/) | | 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/) |