Export Decline: −1.20% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8403 have declined at a compound annual rate of −1.20% over 7 fiscal years, falling from ₹22.98 Crore in FY 2018-19 to ₹21.37 Crore in FY 2024-25.
HSN Sub Chapter 8403 represents Central heating boilers under GST classification. This code helps businesses identify Central heating boilers correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8403, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Central heating boilers.
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GST Rate for Central heating boilers under HSN Code 8403. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Central heating boilers.
India’s Exports
FY 2024-25₹21 Cr
0.0006% of India’s total exports
India’s Imports
FY 2024-25₹17 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25₹4 Cr
Surplus rank #494 of 1233 subchapters
% of Chapter 84
FY 2024-250.01%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.00% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#83 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #85 of 86
At a glance
−1.20%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#995
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+249.86%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.01%
Contribution to Ch. 84
Share of Chapter 84 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
+13.07
Exports
22.98 ₹ Cr
0.0010% share
— YoY
0.02% of Ch. 84
Imports
9.91 ₹ Cr
0.0003% share
— YoY
0.00% of Ch. 84
Balance
+24.07
Exports
29.20 ₹ Cr
0.0013% share
+27.07% YoY
0.02% of Ch. 84
Imports
5.13 ₹ Cr
0.0002% share
−48.23% YoY
0.00% of Ch. 84
Balance
+5.69
Exports
21.12 ₹ Cr
0.0010% share
−27.67% YoY
0.02% of Ch. 84
Imports
15.43 ₹ Cr
0.0005% share
+200.78% YoY
0.01% of Ch. 84
Balance
+68.39
Exports
73.89 ₹ Cr
0.0024% share
+249.86% YoY
0.04% of Ch. 84
Imports
5.50 ₹ Cr
0.0001% share
−64.36% YoY
0.00% of Ch. 84
Balance
−18.30
Exports
46.23 ₹ Cr
0.0013% share
−37.43% YoY
0.02% of Ch. 84
Imports
64.53 ₹ Cr
0.0011% share
+1,073.27% YoY
0.01% of Ch. 84
Balance
+32.52
Exports
36.79 ₹ Cr
0.0010% share
−20.42% YoY
0.01% of Ch. 84
Imports
4.27 ₹ Cr
0.0001% share
−93.38% YoY
0.00% of Ch. 84
Balance
+4.18
Exports
21.37 ₹ Cr
0.0006% share
−41.91% YoY
0.01% of Ch. 84
Imports
17.19 ₹ Cr
0.0003% share
+302.58% YoY
0.00% of Ch. 84
CAGR · 7-Year
Exports
−1.20% /yr
Imports
9.61% /yr
reference, FY 2024-25
Export
₹2,83,259.46 Cr
Import
₹5,43,949.32 Cr
Trade Balance
−2,60,689.86
India's exports under HSN Sub-Chapter 8403 have declined at a compound annual rate of −1.20% over 7 fiscal years, falling from ₹22.98 Crore in FY 2018-19 to ₹21.37 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8403 ranks #995 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #83 of 86. By trade surplus, it ranks #494 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8403 was recorded in FY 2021-22, when exports surged by 249.86% over the prior year.
In FY 2024-25, India's exports of ₹21.37 Cr exceeded imports of ₹17.19 Cr, resulting in a trade surplus of ₹4.18 Crore — ranking #494 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8403 have grown at 9.61% CAGR, reaching ₹17.19 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8403 ranks #83 by export value — accounting for 0.01% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #85).
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 8403 and GST compliance.
It includes Central heating boilers
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.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Central heating boilers 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.
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.
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.