Consistent Export Growth: 40.04% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8104 have grown at a compound annual rate of 40.04% over 7 fiscal years, rising from ₹11.67 Crore in FY 2018-19 to ₹88.03 Crore in FY 2024-25.
HSN Sub Chapter 8104 represents Magnesium articles under GST classification. This code helps businesses identify Magnesium articles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8104, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Magnesium articles.
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GST Rate for Magnesium articles under HSN Code 8104. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Magnesium articles.
Tariff HSN
Description
Unwrought magnesium : Containing at least 99.8% by weight of magnesium
Tariff HSN
Description
Unwrought magnesium : Other
Tariff HSN
Description
Waste and scrap : Magnesium scrap, namely the following : magnesium clips covered by ISRI code word ‘Wafer’; magnesium scrap covered by ISRI code word ‘Walnut’; magnesium engraver plates covered by ISRI code word ‘Wine’; magnesium dock boards covered by ISRI code word ‘Wood’; magnesium turnings covered by ISRI code word ‘World’
Tariff HSN
Description
Waste and scrap : Other
Tariff HSN
Description
Raspings, turnings and granules, graded according to size; powders : Raspings, turnings and granules, graded according to size
Tariff HSN
Description
Raspings, turnings and granules, graded according to size; powders : Powders
Tariff HSN
Description
Other : Other magnesium and magnesium base alloys, wrought
Tariff HSN
Description
Other : Flakes
Tariff HSN
Description
Other : Wire
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹88 Cr
0.0024% of India’s total exports
India’s Imports
FY 2024-25₹903 Cr
0.0148% of India’s total imports
Trade Balance
FY 2024-25−₹815 Cr
Surplus rank #934 of 1233 subchapters
% of Chapter 81
FY 2024-256.81%
Share of Chapter 81’s total exports in FY 2024-25
Import side: 15.73% of Chapter 81’s imports
Rank Within Chapter 81
FY 2024-25#5 of 12
Position by export value among subchapters in Chapter 81
Import-side rank: #3 of 12
At a glance
40.04%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#840
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+814.54%
Peak Growth Year
FY 2021-22 · strongest single-year move
6.81%
Contribution to Ch. 81
Share of Chapter 81 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
−502.50
Exports
11.67 ₹ Cr
0.0005% share
— YoY
2.84% of Ch. 81
Imports
514.17 ₹ Cr
0.0143% share
— YoY
14.97% of Ch. 81
Balance
−421.42
Exports
29.44 ₹ Cr
0.0013% share
+152.27% YoY
8.24% of Ch. 81
Imports
450.86 ₹ Cr
0.0134% share
−12.31% YoY
14.88% of Ch. 81
Balance
−446.05
Exports
14.37 ₹ Cr
0.0007% share
−51.19% YoY
4.07% of Ch. 81
Imports
460.42 ₹ Cr
0.0158% share
+2.12% YoY
18.37% of Ch. 81
Balance
−912.80
Exports
131.42 ₹ Cr
0.0042% share
+814.54% YoY
16.22% of Ch. 81
Imports
1,044.22 ₹ Cr
0.0228% share
+126.80% YoY
22.10% of Ch. 81
Balance
−1,129.05
Exports
140.06 ₹ Cr
0.0039% share
+6.57% YoY
14.03% of Ch. 81
Imports
1,269.11 ₹ Cr
0.0221% share
+21.54% YoY
22.91% of Ch. 81
Balance
−892.70
Exports
68.07 ₹ Cr
0.0019% share
−51.40% YoY
8.11% of Ch. 81
Imports
960.77 ₹ Cr
0.0171% share
−24.30% YoY
17.44% of Ch. 81
Balance
−815.31
Exports
88.03 ₹ Cr
0.0024% share
+29.32% YoY
6.81% of Ch. 81
Imports
903.34 ₹ Cr
0.0148% share
−5.98% YoY
15.73% of Ch. 81
CAGR · 7-Year
Exports
40.04% /yr
Imports
9.85% /yr
reference, FY 2024-25
Export
₹1,292.63 Cr
Import
₹5,741.52 Cr
Trade Balance
−4,448.89
India's exports under HSN Sub-Chapter 8104 have grown at a compound annual rate of 40.04% over 7 fiscal years, rising from ₹11.67 Crore in FY 2018-19 to ₹88.03 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8104 ranks #840 out of 1233 subchapters by total export value. Within Chapter 81, it ranks #5 of 12. By trade surplus, it ranks #934 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8104 was recorded in FY 2021-22, when exports surged by 814.54% over the prior year.
In FY 2024-25, India's imports of ₹903.34 Cr exceeded exports of ₹88.03 Cr, resulting in a trade deficit of ₹815.31 Crore — ranking #934 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8104 have grown at 9.85% CAGR, reaching ₹903.34 Crore in FY 2024-25.
Among the 12 subchapters under Chapter 81, HSN Sub-Chapter 8104 ranks #5 by export value — accounting for 6.81% of the chapter's total exports in FY 2024-25. On the import side, it holds 15.73% share (rank #3).
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 8104 and GST compliance.
It includes Magnesium articles
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.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Magnesium articles 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.
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.