Consistent Export Growth: 6.53% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8301 have grown at a compound annual rate of 6.53% over 7 fiscal years, rising from ₹701.37 Crore in FY 2018-19 to ₹1,025.03 Crore in FY 2024-25.
HSN Sub Chapter 8301 represents Padlocks, clasps, base metal keys under GST classification. This code helps businesses identify Padlocks, clasps, base metal keys correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8301, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Padlocks, clasps, base metal keys.
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GST Rate for Padlocks, clasps, base metal keys under HSN Code 8301. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Padlocks, clasps, base metal keys.
Tariff HSN
Description
Padlocks
Tariff HSN
Description
Locks of a kind used for motor vehicles
Tariff HSN
Description
Locks of a kind used for furniture
Tariff HSN
Description
Other locks : Combination locks
Tariff HSN
Description
Other locks : Other
Tariff HSN
Description
Clasps and frames with clasps, incorporating locks
Tariff HSN
Description
Parts
Tariff HSN
Description
Keys presented separately
India’s Exports
FY 2024-25₹1,025 Cr
0.0277% of India’s total exports
India’s Imports
FY 2024-25₹1,673 Cr
0.0274% of India’s total imports
Trade Balance
FY 2024-25−₹648 Cr
Surplus rank #902 of 1233 subchapters
% of Chapter 83
FY 2024-2512.47%
Share of Chapter 83’s total exports in FY 2024-25
Import side: 15.72% of Chapter 83’s imports
Rank Within Chapter 83
FY 2024-25#3 of 11
Position by export value among subchapters in Chapter 83
Import-side rank: #2 of 11
At a glance
6.53%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#384
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+22.26%
Peak Growth Year
FY 2021-22 · strongest single-year move
12.47%
Contribution to Ch. 83
Share of Chapter 83 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
−532.38
Exports
701.37 ₹ Cr
0.0306% share
— YoY
15.75% of Ch. 83
Imports
1,233.75 ₹ Cr
0.0344% share
— YoY
17.85% of Ch. 83
Balance
−306.04
Exports
752.42 ₹ Cr
0.0341% share
+7.28% YoY
16.25% of Ch. 83
Imports
1,058.46 ₹ Cr
0.0316% share
−14.21% YoY
15.97% of Ch. 83
Balance
−72.55
Exports
756.03 ₹ Cr
0.0352% share
+0.48% YoY
14.97% of Ch. 83
Imports
828.58 ₹ Cr
0.0284% share
−21.72% YoY
15.13% of Ch. 83
Balance
−206.73
Exports
924.35 ₹ Cr
0.0295% share
+22.26% YoY
13.50% of Ch. 83
Imports
1,131.08 ₹ Cr
0.0247% share
+36.51% YoY
13.37% of Ch. 83
Balance
−497.49
Exports
936.71 ₹ Cr
0.0259% share
+1.34% YoY
13.56% of Ch. 83
Imports
1,434.20 ₹ Cr
0.0249% share
+26.80% YoY
14.53% of Ch. 83
Balance
−612.31
Exports
936.52 ₹ Cr
0.0259% share
−0.02% YoY
12.83% of Ch. 83
Imports
1,548.83 ₹ Cr
0.0276% share
+7.99% YoY
15.51% of Ch. 83
Balance
−648.40
Exports
1,025.03 ₹ Cr
0.0277% share
+9.45% YoY
12.47% of Ch. 83
Imports
1,673.43 ₹ Cr
0.0274% share
+8.04% YoY
15.72% of Ch. 83
CAGR · 7-Year
Exports
6.53% /yr
Imports
5.21% /yr
reference, FY 2024-25
Export
₹8,222.98 Cr
Import
₹10,642.18 Cr
Trade Balance
−2,419.20
India's exports under HSN Sub-Chapter 8301 have grown at a compound annual rate of 6.53% over 7 fiscal years, rising from ₹701.37 Crore in FY 2018-19 to ₹1,025.03 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8301 ranks #384 out of 1233 subchapters by total export value. Within Chapter 83, it ranks #3 of 11. By trade surplus, it ranks #902 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8301 was recorded in FY 2021-22, when exports surged by 22.26% over the prior year.
In FY 2024-25, India's imports of ₹1,673.43 Cr exceeded exports of ₹1,025.03 Cr, resulting in a trade deficit of ₹648.40 Crore — ranking #902 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8301 have grown at 5.21% CAGR, reaching ₹1,673.43 Crore in FY 2024-25.
Among the 11 subchapters under Chapter 83, HSN Sub-Chapter 8301 ranks #3 by export value — accounting for 12.47% of the chapter's total exports in FY 2024-25. On the import side, it holds 15.72% share (rank #2).
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 8301 and GST compliance.
It includes Padlocks, clasps, base metal keys
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Padlocks, clasps, base metal keys are forward charge. Check the current notifications for any special cases before deciding.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Padlocks, clasps, base metal keys 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.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
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.
Use a delivery challan for sending Padlocks, clasps, base metal keys 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.