7503 HSN Code: Nickel waste & scrap

HSN Sub Chapter 7503 represents Nickel waste & scrap under GST classification. This code helps businesses identify Nickel waste & scrap correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7503, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Nickel waste & scrap.

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New GST Rate for HSN Code 7503

GST Rate for Nickel waste & scrap under HSN Code 7503. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

75

HSN Code

7503

HSN Description

Nickel waste and scrap

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7503

Following tariff HSN codes fall under Nickel waste & scrap.

Tariff HSN

75030010

Description

Nickel waste and scrap : Nickel scrap, namely the following : New nickel scrap covered by ISRI code word ‘Aroma’; old nickel scrap covered by ISRI code word ‘Burly’; new cupro nickel clips and solids covered by ISRI code word ‘Dandy’; cupro nickel solids covered by ISRI code word’Daunt’; soldered cupro-nickel solids covered by ISRI code word ‘Delta’; cupro nickel spinnings, turnings, borings covered by ISRI code word ‘Decoy’; miscellaneous nickel copper and nickel copper iron covered by ISRI code word ‘Depth’; new R-monel clippings solids covered by ISRI code word ‘Hitch’; new mixed monel solids and clippings covered by ISRI code word ‘House’; old monel sheet and solids covered by ISRI code word ‘Ideal’; k-monel solids covered by ISRI code word ‘Indian’; soldered monel sheet and solids covered by ISRI code word ‘Junto’; monel castings covered by ISRI code ‘ Lemon’; monel turnings covered by ISRI code word ‘Lemur’; nickel scrap obtained by breaking up of ships, boats and other floating structures; Nickel-Iron batteries to be sold free of crates, copper terminal connectors and excess liquid, must be free of nickel cadmium batteries covered by ISRI code word 'Vaunt'.

Tariff HSN

75030090

Description

Nickel waste and scrap : Other

India’s Trade Performance — HSN Sub-Chapter 7503 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹303 Cr

+32.15% vs FY 2023-24

0.0082% of India’s total exports

India’s Imports

FY 2024-25

₹370 Cr

+0.87% vs FY 2023-24

0.0061% of India’s total imports

Trade Balance

FY 2024-25

−₹67 Cr

Trade Deficit

Surplus rank #693 of 1233 subchapters

% of Chapter 75

FY 2024-25

18.94%

Share of Chapter 75’s total exports in FY 2024-25

Import side: 3.54% of Chapter 75’s imports

Rank Within Chapter 75

FY 2024-25

#2 of 8

Position by export value among subchapters in Chapter 75

Import-side rank: #6 of 8

At a glance

27.23%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#622

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+239.58%

Peak Growth Year

FY 2021-22 · strongest single-year move

18.94%

Contribution to Ch. 75

Share of Chapter 75 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #775

Balance

−29.28

Exports

71.33 ₹ Cr

0.0031% share

— YoY

15.34% of Ch. 75

Imports

100.61 ₹ Cr

0.0028% share

— YoY

1.95% of Ch. 75

FY 2019-20 Exp. Rank #791

Balance

−93.55

Exports

70.17 ₹ Cr

0.0032% share

−1.63% YoY

10.74% of Ch. 75

Imports

163.72 ₹ Cr

0.0049% share

+62.73% YoY

2.95% of Ch. 75

FY 2020-21 Exp. Rank #867

Balance

−171.90

Exports

38.38 ₹ Cr

0.0018% share

−45.30% YoY

9.25% of Ch. 75

Imports

210.28 ₹ Cr

0.0072% share

+28.44% YoY

3.81% of Ch. 75

FY 2021-22 Exp. Rank #738

Balance

−70.77

Exports

130.33 ₹ Cr

0.0042% share

+239.58% YoY

13.85% of Ch. 75

Imports

201.10 ₹ Cr

0.0044% share

−4.37% YoY

2.53% of Ch. 75

FY 2022-23 Exp. Rank #664

Balance

−43.59

Exports

225.54 ₹ Cr

0.0062% share

+73.05% YoY

14.01% of Ch. 75

Imports

269.13 ₹ Cr

0.0047% share

+33.83% YoY

2.56% of Ch. 75

FY 2023-24 Exp. Rank #667

Balance

−137.78

Exports

228.93 ₹ Cr

0.0063% share

+1.50% YoY

16.75% of Ch. 75

Imports

366.71 ₹ Cr

0.0065% share

+36.26% YoY

3.30% of Ch. 75

FY 2024-25 Exp. Rank #622

Balance

−67.38

Exports

302.53 ₹ Cr

0.0082% share

+32.15% YoY

18.94% of Ch. 75

Imports

369.91 ₹ Cr

0.0061% share

+0.87% YoY

3.54% of Ch. 75

CAGR · 7-Year

Exports

27.23% /yr

Imports

24.23% /yr

Consistently Deficit
Chapter 75 total

reference, FY 2024-25

Export

₹1,597.71 Cr

Import

₹10,445.58 Cr

Trade Balance

−8,847.87

Peak export growth year Latest available data Not available YoY = change vs previous FY

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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7503 ranks #622 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7503 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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