Consistent Export Growth: 22.33% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7508 have grown at a compound annual rate of 22.33% over 7 fiscal years, rising from ₹51.18 Crore in FY 2018-19 to ₹171.52 Crore in FY 2024-25.
HSN Sub Chapter 7508 represents Other nickel articles under GST classification. This code helps businesses identify Other nickel articles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7508, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Other nickel articles.
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GST Rate for Other nickel articles under HSN Code 7508. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Other nickel articles.
Tariff HSN
Description
Cloth, grill and netting, of nickel wire
Tariff HSN
Description
Other : Electroplating anodes of nickel
Tariff HSN
Description
Other : Blanks ordinarily used for manufacturing tubes and pipes of nickel
Tariff HSN
Description
Other : Nickel screen
Tariff HSN
Description
Other : Other articles of nickel and nickel alloy
India’s Exports
FY 2024-25₹172 Cr
0.0046% of India’s total exports
India’s Imports
FY 2024-25₹622 Cr
0.0102% of India’s total imports
Trade Balance
FY 2024-25−₹451 Cr
Surplus rank #856 of 1233 subchapters
% of Chapter 75
FY 2024-2510.74%
Share of Chapter 75’s total exports in FY 2024-25
Import side: 5.96% of Chapter 75’s imports
Rank Within Chapter 75
FY 2024-25#4 of 8
Position by export value among subchapters in Chapter 75
Import-side rank: #5 of 8
At a glance
22.33%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#732
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+67.84%
Peak Growth Year
FY 2022-23 · strongest single-year move
10.74%
Contribution to Ch. 75
Share of Chapter 75 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−103.00
Exports
51.18 ₹ Cr
0.0022% share
— YoY
11.01% of Ch. 75
Imports
154.18 ₹ Cr
0.0043% share
— YoY
2.98% of Ch. 75
Balance
−129.62
Exports
47.75 ₹ Cr
0.0022% share
−6.70% YoY
7.31% of Ch. 75
Imports
177.37 ₹ Cr
0.0053% share
+15.04% YoY
3.20% of Ch. 75
Balance
−174.06
Exports
61.47 ₹ Cr
0.0029% share
+28.73% YoY
14.82% of Ch. 75
Imports
235.53 ₹ Cr
0.0081% share
+32.79% YoY
4.27% of Ch. 75
Balance
−262.74
Exports
63.65 ₹ Cr
0.0020% share
+3.55% YoY
6.76% of Ch. 75
Imports
326.39 ₹ Cr
0.0071% share
+38.58% YoY
4.11% of Ch. 75
Balance
−454.74
Exports
106.83 ₹ Cr
0.0030% share
+67.84% YoY
6.64% of Ch. 75
Imports
561.57 ₹ Cr
0.0098% share
+72.05% YoY
5.35% of Ch. 75
Balance
−549.20
Exports
132.00 ₹ Cr
0.0036% share
+23.56% YoY
9.66% of Ch. 75
Imports
681.20 ₹ Cr
0.0121% share
+21.30% YoY
6.14% of Ch. 75
Balance
−450.95
Exports
171.52 ₹ Cr
0.0046% share
+29.94% YoY
10.74% of Ch. 75
Imports
622.47 ₹ Cr
0.0102% share
−8.62% YoY
5.96% of Ch. 75
CAGR · 7-Year
Exports
22.33% /yr
Imports
26.19% /yr
reference, FY 2024-25
Export
₹1,597.71 Cr
Import
₹10,445.58 Cr
Trade Balance
−8,847.87
India's exports under HSN Sub-Chapter 7508 have grown at a compound annual rate of 22.33% over 7 fiscal years, rising from ₹51.18 Crore in FY 2018-19 to ₹171.52 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7508 ranks #732 out of 1233 subchapters by total export value. Within Chapter 75, it ranks #4 of 8. By trade surplus, it ranks #856 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7508 was recorded in FY 2022-23, when exports surged by 67.84% over the prior year.
In FY 2024-25, India's imports of ₹622.47 Cr exceeded exports of ₹171.52 Cr, resulting in a trade deficit of ₹450.95 Crore — ranking #856 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7508 have grown at 26.19% CAGR, reaching ₹622.47 Crore in FY 2024-25.
Among the 8 subchapters under Chapter 75, HSN Sub-Chapter 7508 ranks #4 by export value — accounting for 10.74% of the chapter's total exports in FY 2024-25. On the import side, it holds 5.96% share (rank #5).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 7508 and GST compliance.
It includes Other nickel articles
Use a delivery challan for sending Other nickel articles 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.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
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.
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.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.