--- title: "7506 HSN Code | HSN Code for Nickel plates, sheets, strip, & foil in India" description: "Know more about 7506 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7506 covering Nickel plates, sheets, strip, & foil." canonical: "https://busy.in/hsn/sub-chapter-7506/" --- # HSN Sub-chapter 7506: Nickel plates, sheets, strip, & foil Nickel plates, sheets, strip and foil 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 | | --- | --- | | 75061000 | [Of Nickel, Not Alloyed](https://busy.in/hsn/hsn-75061000/) | | 75062000 | [Of Nickel Alloys](https://busy.in/hsn/hsn-75062000/) | ## Frequently asked questions ### What products are classified under HSN 7506 It includes Nickel plates, sheets, strip, & foil ### How do I bill a kit or combo that includes Nickel plates, sheets, strip, & foil? 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. ### How should I document Nickel plates, sheets, strip, & foil sent for job work? Use a delivery challan for sending Nickel plates, sheets, strip, & foil 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. ### Can I claim ITC on inputs and services used for Nickel plates, sheets, strip, & foil? If your outward supply of Nickel plates, sheets, strip, & foil 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. ### If I repair and return Nickel plates, sheets, strip, & foil, 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. ### Do spares or accessories of Nickel plates, sheets, strip, & foil follow the same HSN? Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice. ## India's trade performance: HSN Sub-Chapter 7506 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹50 Cr (+8.88% YoY) — 0.0014% of India's total exports - Imports: ₹1,191 Cr (−17.74% YoY) — 0.0195% of India's total imports - Trade balance: −₹1,140 Cr (Deficit); surplus rank #970 of 1233 sub-chapters - Share of Chapter 75: 3.15% of its exports; import side 11.40% - Rank within Chapter 75: #7 of 8 by export value; import-side #3 ### Key metrics - Export CAGR: 12.96% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #912 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +44.33% in FY 2020-21 - Contribution to Ch. 75: 3.15% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 7506 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 | 24.24 | 0.0011% | — | 5.21% | 327.97 | 0.0091% | — | 6.35% | −303.73 | #925 | | FY 2019-20 | 26.53 | 0.0012% | +9.45% | 4.06% | 757.86 | 0.0226% | +131.08% | 13.66% | −731.33 | #917 | | FY 2020-21 | 38.29 | 0.0018% | +44.33% | 9.23% | 688.37 | 0.0236% | −9.17% | 12.49% | −650.08 | #868 | | FY 2021-22 | 39.50 | 0.0013% | +3.16% | 4.20% | 623.40 | 0.0136% | −9.44% | 7.85% | −583.90 | #902 | | FY 2022-23 | 49.70 | 0.0014% | +25.82% | 3.09% | 1,101.15 | 0.0192% | +76.64% | 10.49% | −1,051.45 | #889 | | FY 2023-24 | 46.26 | 0.0013% | −6.92% | 3.38% | 1,447.48 | 0.0258% | +31.45% | 13.04% | −1,401.22 | #913 | | FY 2024-25 | 50.37 | 0.0014% | +8.88% | 3.15% | 1,190.70 | 0.0195% | −17.74% | 11.40% | −1,140.33 | #912 | - CAGR (7-year): exports 12.96%/yr, imports 23.97%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 7506 export-import analysis ### Consistent export growth: 12.96% CAGR over 7 years India's exports under HSN Sub-Chapter 7506 have grown at a compound annual rate of 12.96% over 7 fiscal years, rising from ₹24.24 Crore in FY 2018-19 to ₹50.37 Crore in FY 2024-25. ### HSN Sub-Chapter 7506 ranked #912 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 7506 ranks #912 out of 1233 sub-chapters by total export value. Within Chapter 75, it ranks #7 of 8. By trade surplus, it ranks #970 of 1233. ### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 7506 exports The strongest single-year export movement for HSN Sub-Chapter 7506 was recorded in FY 2020-21, when exports surged by 44.33% over the prior year. ### India records a trade deficit of ₹1,140.33 Crore in HSN Sub-Chapter 7506 goods In FY 2024-25, India's imports of ₹1,190.70 Cr exceeded exports of ₹50.37 Cr, resulting in a trade deficit of ₹1,140.33 Crore — ranking #970 of 1233 by surplus magnitude. ### Import growth of 23.97% CAGR signals rising demand for Nickel plates, sheets, strip, & foil India's imports under HSN Sub-Chapter 7506 have grown at 23.97% CAGR, reaching ₹1,190.70 Crore in FY 2024-25. ### HSN Sub-Chapter 7506 contributes 3.15% of Chapter 75 exports — ranked #7 Among the 8 sub-chapters under Chapter 75, HSN Sub-Chapter 7506 ranks #7 by export value — accounting for 3.15% of the chapter's total exports in FY 2024-25. On the import side, it holds 11.40% share (rank #3). ## 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](https://busy.in/hsn/sub-chapter-7504/) | ₹117 Cr | | #7 | HSN Sub-Chapter 7506: Nickel plates, sheets, strip, & foil (this hsn sub-chapter) | ₹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/) | | 7504 | [Nickel powders & flakes](https://busy.in/hsn/sub-chapter-7504/) | | 7505 | [Nickel bars, rods, profiles, wire](https://busy.in/hsn/sub-chapter-7505/) | | 7507 | [Nickel tubing & fittings](https://busy.in/hsn/sub-chapter-7507/) | | 7508 | [Other nickel articles](https://busy.in/hsn/sub-chapter-7508/) |