7506 HSN Code: Nickel plates, sheets, strip, & foil

HSN Sub Chapter 7506 represents Nickel plates, sheets, strip, & foil under GST classification. This code helps businesses identify Nickel plates, sheets, strip, & foil correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7506, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Nickel plates, sheets, strip, & foil.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

New GST Rate for HSN Code 7506

GST Rate for Nickel plates, sheets, strip, & foil under HSN Code 7506. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

75

HSN Code

7506

HSN Description

Nickel plates, sheets, strip and foil

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7506

Following tariff HSN codes fall under Nickel plates, sheets, strip, & foil.

Tariff HSN

75061000

Description

Of nickel, not alloyed

Tariff HSN

75062000

Description

Of nickel alloys

India’s Trade Performance — HSN Sub-Chapter 7506 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

₹50 Cr

+8.88% vs FY 2023-24

0.0014% of India’s total exports

India’s Imports

FY 2024-25

₹1,191 Cr

−17.74% vs FY 2023-24

0.0195% of India’s total imports

Trade Balance

FY 2024-25

−₹1,140 Cr

Trade Deficit

Surplus rank #970 of 1233 subchapters

% of Chapter 75

FY 2024-25

3.15%

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

Import side: 11.40% of Chapter 75’s imports

Rank Within Chapter 75

FY 2024-25

#7 of 8

Position by export value among subchapters in Chapter 75

Import-side rank: #3 of 8

At a glance

12.96%

Export CAGR

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

#912

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+44.33%

Peak Growth Year

FY 2020-21 · strongest single-year move

3.15%

Contribution to Ch. 75

Share of Chapter 75 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #925

Balance

−303.73

Exports

24.24 ₹ Cr

0.0011% share

— YoY

5.21% of Ch. 75

Imports

327.97 ₹ Cr

0.0091% share

— YoY

6.35% of Ch. 75

FY 2019-20 Exp. Rank #917

Balance

−731.33

Exports

26.53 ₹ Cr

0.0012% share

+9.45% YoY

4.06% of Ch. 75

Imports

757.86 ₹ Cr

0.0226% share

+131.08% YoY

13.66% of Ch. 75

FY 2020-21 Exp. Rank #868

Balance

−650.08

Exports

38.29 ₹ Cr

0.0018% share

+44.33% YoY

9.23% of Ch. 75

Imports

688.37 ₹ Cr

0.0236% share

−9.17% YoY

12.49% of Ch. 75

FY 2021-22 Exp. Rank #902

Balance

−583.90

Exports

39.50 ₹ Cr

0.0013% share

+3.16% YoY

4.20% of Ch. 75

Imports

623.40 ₹ Cr

0.0136% share

−9.44% YoY

7.85% of Ch. 75

FY 2022-23 Exp. Rank #889

Balance

−1,051.45

Exports

49.70 ₹ Cr

0.0014% share

+25.82% YoY

3.09% of Ch. 75

Imports

1,101.15 ₹ Cr

0.0192% share

+76.64% YoY

10.49% of Ch. 75

FY 2023-24 Exp. Rank #913

Balance

−1,401.22

Exports

46.26 ₹ Cr

0.0013% share

−6.92% YoY

3.38% of Ch. 75

Imports

1,447.48 ₹ Cr

0.0258% share

+31.45% YoY

13.04% of Ch. 75

FY 2024-25 Exp. Rank #912

Balance

−1,140.33

Exports

50.37 ₹ Cr

0.0014% share

+8.88% YoY

3.15% of Ch. 75

Imports

1,190.70 ₹ Cr

0.0195% share

−17.74% YoY

11.40% of Ch. 75

CAGR · 7-Year

Exports

12.96% /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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7506 ranks #912 out of 1233 subchapters 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 subchapters 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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7506 and GST compliance.

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.

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.

Explore More HSN Codes from Chapter 75