--- title: "7504 HSN Code | HSN Code for Nickel powders & flakes in India" description: "Know more about 7504 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7504 covering Nickel powders & flakes." canonical: "https://busy.in/hsn/sub-chapter-7504/" --- # HSN Sub-chapter 7504: Nickel powders & flakes Nickel powders and flakes 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 | | --- | --- | | 75040000 | [Nickel Powders And Flakes](https://busy.in/hsn/hsn-75040000/) | ## Frequently asked questions ### What products are classified under HSN 7504 It includes Nickel powders & flakes ### Can reverse charge ever apply to transactions involving Nickel powders & flakes? Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Nickel powders & flakes are forward charge. Check the current notifications for any special cases before deciding. ### Is the composition scheme suitable if I mainly trade Nickel powders & flakes? 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. ### Any import/export nuance for Nickel powders & flakes? Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE. ### What misclassification mistakes happen with Nickel powders & flakes? 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. ### Does packaging or branding change how GST applies to Nickel powders & flakes? Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Nickel powders & flakes 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. ## India's trade performance: HSN Sub-Chapter 7504 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹117 Cr (−8.34% YoY) — 0.0032% of India's total exports - Imports: ₹197 Cr (+4.43% YoY) — 0.0032% of India's total imports - Trade balance: −₹79 Cr (Deficit); surplus rank #702 of 1233 sub-chapters - Share of Chapter 75: 7.35% of its exports; import side 1.88% - Rank within Chapter 75: #6 of 8 by export value; import-side #8 ### Key metrics - Export CAGR: 61.95% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #804 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +792.93% in FY 2022-23 - Contribution to Ch. 75: 7.35% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 7504 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 | 6.51 | 0.0003% | — | 1.40% | 54.23 | 0.0015% | — | 1.05% | −47.72 | #1040 | | FY 2019-20 | 4.53 | 0.0002% | −30.41% | 0.69% | 56.22 | 0.0017% | +3.67% | 1.01% | −51.69 | #1046 | | FY 2020-21 | 3.64 | 0.0002% | −19.65% | 0.88% | 57.67 | 0.0020% | +2.58% | 1.05% | −54.03 | #1070 | | FY 2021-22 | 4.67 | 0.0001% | +28.30% | 0.50% | 100.73 | 0.0022% | +74.67% | 1.27% | −96.06 | #1069 | | FY 2022-23 | 41.70 | 0.0012% | +792.93% | 2.59% | 202.92 | 0.0035% | +101.45% | 1.93% | −161.22 | #917 | | FY 2023-24 | 128.13 | 0.0035% | +207.27% | 9.37% | 188.52 | 0.0034% | −7.10% | 1.70% | −60.39 | #770 | | FY 2024-25 | 117.45 | 0.0032% | −8.34% | 7.35% | 196.88 | 0.0032% | +4.43% | 1.88% | −79.43 | #804 | - CAGR (7-year): exports 61.95%/yr, imports 23.97%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 7504 export-import analysis ### Consistent export growth: 61.95% CAGR over 7 years India's exports under HSN Sub-Chapter 7504 have grown at a compound annual rate of 61.95% over 7 fiscal years, rising from ₹6.51 Crore in FY 2018-19 to ₹117.45 Crore in FY 2024-25. ### HSN Sub-Chapter 7504 ranked #804 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 7504 ranks #804 out of 1233 sub-chapters by total export value. Within Chapter 75, it ranks #6 of 8. By trade surplus, it ranks #702 of 1233. ### FY 2022-23 was the strongest growth year for HSN Sub-Chapter 7504 exports The strongest single-year export movement for HSN Sub-Chapter 7504 was recorded in FY 2022-23, when exports surged by 792.93% over the prior year. ### India records a trade deficit of ₹79.43 Crore in HSN Sub-Chapter 7504 goods In FY 2024-25, India's imports of ₹196.88 Cr exceeded exports of ₹117.45 Cr, resulting in a trade deficit of ₹79.43 Crore — ranking #702 of 1233 by surplus magnitude. ### Import growth of 23.97% CAGR signals rising demand for Nickel powders & flakes India's imports under HSN Sub-Chapter 7504 have grown at 23.97% CAGR, reaching ₹196.88 Crore in FY 2024-25. ### HSN Sub-Chapter 7504 contributes 7.35% of Chapter 75 exports — ranked #6 Among the 8 sub-chapters under Chapter 75, HSN Sub-Chapter 7504 ranks #6 by export value — accounting for 7.35% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.88% share (rank #8). ## 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](https://busy.in/hsn/sub-chapter-7502/) | ₹158 Cr | | #6 | HSN Sub-Chapter 7504: Nickel powders & flakes (this hsn sub-chapter) | ₹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/) | | 7503 | [Nickel waste & scrap](https://busy.in/hsn/sub-chapter-7503/) | | 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/) |