Consistent Export Growth: 9.16% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8418 have grown at a compound annual rate of 9.16% over 7 fiscal years, rising from ₹1,568.53 Crore in FY 2018-19 to ₹2,654.26 Crore in FY 2024-25.
HSN Sub Chapter 8418 represents Refrigerators, freezers, heat pumps under GST classification. This code helps businesses identify Refrigerators, freezers, heat pumps correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8418, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Refrigerators, freezers, heat pumps.
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GST Rate for Refrigerators, freezers, heat pumps under HSN Code 8418. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Refrigerators, freezers, heat pumps.
Tariff HSN
Description
Combined refrigerator-freezers, fitted with separate external doors or drawers, or combinations thereof : Commercial type
Tariff HSN
Description
Combined refrigerator-freezers, fitted with separate external doors or drawers, or combinations thereof : Other
Tariff HSN
Description
Refrigerators, household type: Compression-type
Tariff HSN
Description
Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps other than air conditioning machines of heading 8415 - refrigerators, household type: absorption/type, electrical
Tariff HSN
Description
Refrigerators, household type: Other
Tariff HSN
Description
Freezers of the chest type, not exceeding 800 l capacity : Commercial type electrical
Tariff HSN
Description
Freezers of the chest type, not exceeding 800 l capacity : Other
Tariff HSN
Description
Freezers of the upright type, not exceeding 900 l capacity : Electrical
Tariff HSN
Description
Freezers of the upright type, not exceeding 900 l capacity : Other
Tariff HSN
Description
Other furniture (chests, cabinets, display counters, show-cases and the like) for storage and display, incorporating or freezing equipment
Tariff HSN
Description
Other refrigerating or freezing equipment; heat pumps : Heat pumps other than air-conditioning machines of heading 8415
Tariff HSN
Description
Other refrigerating or freezing equipment; heat pumps : Other : Ice making machinery
Tariff HSN
Description
Other refrigerating or freezing equipment; heat pumps : Other : Water cooler
Tariff HSN
Description
Other refrigerating or freezing equipment; heat pumps : Other : Vending machine, other than automatic vending machine
Tariff HSN
Description
Other refrigerating or freezing equipment; heat pumps : Other : Refrigeration equipment or devices specially used in leather industries for manufacturing of leather articles
Tariff HSN
Description
Other refrigerating or freezing equipment; heat pumps : Other : Refrigerated farm tanks, industrial ice cream freezer
Tariff HSN
Description
Other refrigerating or freezing equipment; heat pumps : Other : Other
Tariff HSN
Description
Parts: Furniture designed to receive refrigerating or freezing equipment
Tariff HSN
Description
Parts: Other
India’s Exports
FY 2024-25₹2,654 Cr
0.0717% of India’s total exports
India’s Imports
FY 2024-25₹4,613 Cr
0.0756% of India’s total imports
Trade Balance
FY 2024-25−₹1,959 Cr
Surplus rank #1026 of 1233 subchapters
% of Chapter 84
FY 2024-250.94%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.85% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#21 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #31 of 86
At a glance
9.16%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#218
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+36.69%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.94%
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
−2,351.19
Exports
1,568.53 ₹ Cr
0.0683% share
— YoY
1.07% of Ch. 84
Imports
3,919.72 ₹ Cr
0.1092% share
— YoY
1.28% of Ch. 84
Balance
−2,704.90
Exports
1,474.92 ₹ Cr
0.0668% share
−5.97% YoY
1.00% of Ch. 84
Imports
4,179.82 ₹ Cr
0.1246% share
+6.64% YoY
1.36% of Ch. 84
Balance
−2,524.39
Exports
1,298.47 ₹ Cr
0.0604% share
−11.96% YoY
0.93% of Ch. 84
Imports
3,822.86 ₹ Cr
0.1312% share
−8.54% YoY
1.40% of Ch. 84
Balance
−3,449.97
Exports
1,774.85 ₹ Cr
0.0566% share
+36.69% YoY
0.94% of Ch. 84
Imports
5,224.82 ₹ Cr
0.1143% share
+36.67% YoY
1.39% of Ch. 84
Balance
−3,742.80
Exports
1,859.29 ₹ Cr
0.0514% share
+4.76% YoY
0.84% of Ch. 84
Imports
5,602.09 ₹ Cr
0.0974% share
+7.22% YoY
1.28% of Ch. 84
Balance
−2,675.61
Exports
1,972.20 ₹ Cr
0.0545% share
+6.07% YoY
0.79% of Ch. 84
Imports
4,647.81 ₹ Cr
0.0828% share
−17.03% YoY
0.98% of Ch. 84
Balance
−1,958.69
Exports
2,654.26 ₹ Cr
0.0717% share
+34.58% YoY
0.94% of Ch. 84
Imports
4,612.95 ₹ Cr
0.0756% share
−0.75% YoY
0.85% of Ch. 84
CAGR · 7-Year
Exports
9.16% /yr
Imports
2.75% /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 8418 have grown at a compound annual rate of 9.16% over 7 fiscal years, rising from ₹1,568.53 Crore in FY 2018-19 to ₹2,654.26 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8418 ranks #218 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #21 of 86. By trade surplus, it ranks #1026 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8418 was recorded in FY 2021-22, when exports surged by 36.69% over the prior year.
In FY 2024-25, India's imports of ₹4,612.95 Cr exceeded exports of ₹2,654.26 Cr, resulting in a trade deficit of ₹1,958.69 Crore — ranking #1026 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8418 have grown at 2.75% CAGR, reaching ₹4,612.95 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8418 ranks #21 by export value — accounting for 0.94% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.85% share (rank #31).
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 8418 and GST compliance.
It includes Refrigerators, freezers, heat pumps
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Refrigerators, freezers, heat pumps are forward charge. Check the current notifications for any special cases before deciding.
Use a delivery challan for sending Refrigerators, freezers, heat pumps 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.
If your outward supply of Refrigerators, freezers, heat pumps is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
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.
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.