Export Decline: −0.37% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 7606 have declined at a compound annual rate of −0.37% over 7 fiscal years, falling from ₹1,734.80 Crore in FY 2018-19 to ₹1,696.55 Crore in FY 2024-25.
HSN Sub Chapter 7606 represents Aluminium sheets and strips under GST classification. This code helps businesses identify Aluminium sheets and strips correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7606, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Aluminium sheets and strips.
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GST Rate for Aluminium sheets and strips under HSN Code 7606. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Aluminium sheets and strips.
Tariff HSN
Description
Rectangular (including square) : Of aluminium, not alloyed : Electrolytic plates or sheets
Tariff HSN
Description
Rectangular (including square) : Of aluminium, not alloyed : Other
Tariff HSN
Description
Rectangular (including square) : Of aluminium alloys
Tariff HSN
Description
Other : Of aluminium, not alloyed : Circles
Tariff HSN
Description
Other : Of aluminium, not alloyed : Electrolytic plates or sheets
Tariff HSN
Description
Other : Of aluminium, not alloyed : Other
Tariff HSN
Description
Other : Of aluminium alloys : Circles
Tariff HSN
Description
Other : Of aluminium alloys : Other
India’s Exports
FY 2024-25₹1,697 Cr
0.0458% of India’s total exports
India’s Imports
FY 2024-25₹6,873 Cr
0.1127% of India’s total imports
Trade Balance
FY 2024-25−₹5,177 Cr
Surplus rank #1116 of 1233 subchapters
% of Chapter 76
FY 2024-252.94%
Share of Chapter 76’s total exports in FY 2024-25
Import side: 9.82% of Chapter 76’s imports
Rank Within Chapter 76
FY 2024-25#6 of 16
Position by export value among subchapters in Chapter 76
Import-side rank: #4 of 16
At a glance
−0.37%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#296
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+80.46%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.94%
Contribution to Ch. 76
Share of Chapter 76 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
−3,228.65
Exports
1,734.80 ₹ Cr
0.0756% share
— YoY
4.35% of Ch. 76
Imports
4,963.45 ₹ Cr
0.1382% share
— YoY
13.00% of Ch. 76
Balance
−1,591.25
Exports
1,466.22 ₹ Cr
0.0664% share
−15.48% YoY
4.06% of Ch. 76
Imports
3,057.47 ₹ Cr
0.0911% share
−38.40% YoY
9.83% of Ch. 76
Balance
−1,490.04
Exports
1,178.68 ₹ Cr
0.0548% share
−19.61% YoY
2.76% of Ch. 76
Imports
2,668.72 ₹ Cr
0.0916% share
−12.71% YoY
8.92% of Ch. 76
Balance
−1,934.07
Exports
2,127.07 ₹ Cr
0.0678% share
+80.46% YoY
2.69% of Ch. 76
Imports
4,061.14 ₹ Cr
0.0889% share
+52.18% YoY
8.97% of Ch. 76
Balance
−4,434.67
Exports
1,398.80 ₹ Cr
0.0386% share
−34.24% YoY
1.97% of Ch. 76
Imports
5,833.47 ₹ Cr
0.1015% share
+43.64% YoY
10.36% of Ch. 76
Balance
−3,385.69
Exports
1,622.58 ₹ Cr
0.0448% share
+16.00% YoY
2.56% of Ch. 76
Imports
5,008.27 ₹ Cr
0.0892% share
−14.15% YoY
8.81% of Ch. 76
Balance
−5,176.88
Exports
1,696.55 ₹ Cr
0.0458% share
+4.56% YoY
2.94% of Ch. 76
Imports
6,873.43 ₹ Cr
0.1127% share
+37.24% YoY
9.82% of Ch. 76
CAGR · 7-Year
Exports
−0.37% /yr
Imports
5.58% /yr
reference, FY 2024-25
Export
₹57,738.35 Cr
Import
₹69,988.21 Cr
Trade Balance
−12,249.86
India's exports under HSN Sub-Chapter 7606 have declined at a compound annual rate of −0.37% over 7 fiscal years, falling from ₹1,734.80 Crore in FY 2018-19 to ₹1,696.55 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 7606 ranks #296 out of 1233 subchapters by total export value. Within Chapter 76, it ranks #6 of 16. By trade surplus, it ranks #1116 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 7606 was recorded in FY 2021-22, when exports surged by 80.46% over the prior year.
In FY 2024-25, India's imports of ₹6,873.43 Cr exceeded exports of ₹1,696.55 Cr, resulting in a trade deficit of ₹5,176.88 Crore — ranking #1116 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 7606 have grown at 5.58% CAGR, reaching ₹6,873.43 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 76, HSN Sub-Chapter 7606 ranks #6 by export value — accounting for 2.94% of the chapter's total exports in FY 2024-25. On the import side, it holds 9.82% share (rank #4).
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 7606 and GST compliance.
It includes Aluminium sheets and strips
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Aluminium sheets and strips are forward charge. Check the current notifications for any special cases before deciding.
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.
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.