7504 HSN Code: Nickel powders & flakes

HSN Sub Chapter 7504 represents Nickel powders & flakes under GST classification. This code helps businesses identify Nickel powders & flakes correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7504, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Nickel powders & flakes.

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New GST Rate for HSN Code 7504

GST Rate for Nickel powders & flakes under HSN Code 7504. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

75

HSN Code

7504

HSN Description

Nickel powders and flakes

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7504

Following tariff HSN codes fall under Nickel powders & flakes.

Tariff HSN

75040000

Description

Nickel powders and flakes

India’s Trade Performance — HSN Sub-Chapter 7504 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

₹117 Cr

−8.34% vs FY 2023-24

0.0032% of India’s total exports

India’s Imports

FY 2024-25

₹197 Cr

+4.43% vs FY 2023-24

0.0032% of India’s total imports

Trade Balance

FY 2024-25

−₹79 Cr

Trade Deficit

Surplus rank #702 of 1233 subchapters

% of Chapter 75

FY 2024-25

7.35%

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

Import side: 1.88% of Chapter 75’s imports

Rank Within Chapter 75

FY 2024-25

#6 of 8

Position by export value among subchapters in Chapter 75

Import-side rank: #8 of 8

At a glance

61.95%

Export CAGR

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

#804

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+792.93%

Peak Growth Year

FY 2022-23 · strongest single-year move

7.35%

Contribution to Ch. 75

Share of Chapter 75 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1040

Balance

−47.72

Exports

6.51 ₹ Cr

0.0003% share

— YoY

1.40% of Ch. 75

Imports

54.23 ₹ Cr

0.0015% share

— YoY

1.05% of Ch. 75

FY 2019-20 Exp. Rank #1046

Balance

−51.69

Exports

4.53 ₹ Cr

0.0002% share

−30.41% YoY

0.69% of Ch. 75

Imports

56.22 ₹ Cr

0.0017% share

+3.67% YoY

1.01% of Ch. 75

FY 2020-21 Exp. Rank #1070

Balance

−54.03

Exports

3.64 ₹ Cr

0.0002% share

−19.65% YoY

0.88% of Ch. 75

Imports

57.67 ₹ Cr

0.0020% share

+2.58% YoY

1.05% of Ch. 75

FY 2021-22 Exp. Rank #1069

Balance

−96.06

Exports

4.67 ₹ Cr

0.0001% share

+28.30% YoY

0.50% of Ch. 75

Imports

100.73 ₹ Cr

0.0022% share

+74.67% YoY

1.27% of Ch. 75

FY 2022-23 Exp. Rank #917

Balance

−161.22

Exports

41.70 ₹ Cr

0.0012% share

+792.93% YoY

2.59% of Ch. 75

Imports

202.92 ₹ Cr

0.0035% share

+101.45% YoY

1.93% of Ch. 75

FY 2023-24 Exp. Rank #770

Balance

−60.39

Exports

128.13 ₹ Cr

0.0035% share

+207.27% YoY

9.37% of Ch. 75

Imports

188.52 ₹ Cr

0.0034% share

−7.10% YoY

1.70% of Ch. 75

FY 2024-25 Exp. Rank #804

Balance

−79.43

Exports

117.45 ₹ Cr

0.0032% share

−8.34% YoY

7.35% of Ch. 75

Imports

196.88 ₹ Cr

0.0032% share

+4.43% YoY

1.88% of Ch. 75

CAGR · 7-Year

Exports

61.95% /yr

Imports

23.97% /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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7504 ranks #804 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7504 and GST compliance.

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.

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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