Consistent Export Growth: 13.67% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8537 have grown at a compound annual rate of 13.67% over 7 fiscal years, rising from ₹3,622.86 Crore in FY 2018-19 to ₹7,816.56 Crore in FY 2024-25.
HSN Sub Chapter 8537 represents Electric control panels & consoles under GST classification. This code helps businesses identify Electric control panels & consoles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8537, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Electric control panels & consoles.
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GST Rate for Electric control panels & consoles under HSN Code 8537. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
85HSN Code
HSN Description
Boards, panels, consoles, desks, cabinets and other bases, equipped with two or more apparatus of heading 8535 or 8536, for electric control or the distribution of electricity, including those incorporating instruments or apparatus of chapter 90, and numerical control apparatus, other than switching apparatus of heading 8517
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Electric control panels & consoles.
India’s Exports
FY 2024-25₹7,817 Cr
0.2111% of India’s total exports
India’s Imports
FY 2024-25₹10,295 Cr
0.1688% of India’s total imports
Trade Balance
FY 2024-25−₹2,479 Cr
Surplus rank #1054 of 1233 subchapters
% of Chapter 85
FY 2024-252.09%
Share of Chapter 85’s total exports in FY 2024-25
Import side: 1.37% of Chapter 85’s imports
Rank Within Chapter 85
FY 2024-25#8 of 48
Position by export value among subchapters in Chapter 85
Import-side rank: #16 of 48
At a glance
13.67%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#90
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+25.82%
Peak Growth Year
FY 2024-25 · strongest single-year move
2.09%
Contribution to Ch. 85
Share of Chapter 85 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
−1,370.36
Exports
3,622.86 ₹ Cr
0.1578% share
— YoY
4.06% of Ch. 85
Imports
4,993.22 ₹ Cr
0.1390% share
— YoY
1.37% of Ch. 85
Balance
−770.06
Exports
3,895.21 ₹ Cr
0.1764% share
+7.52% YoY
3.62% of Ch. 85
Imports
4,665.27 ₹ Cr
0.1391% share
−6.57% YoY
1.34% of Ch. 85
Balance
−405.76
Exports
4,042.21 ₹ Cr
0.1879% share
+3.77% YoY
3.85% of Ch. 85
Imports
4,447.97 ₹ Cr
0.1526% share
−4.66% YoY
1.29% of Ch. 85
Balance
−1,921.25
Exports
4,149.05 ₹ Cr
0.1322% share
+2.64% YoY
2.76% of Ch. 85
Imports
6,070.30 ₹ Cr
0.1328% share
+36.47% YoY
1.30% of Ch. 85
Balance
−2,439.74
Exports
5,170.85 ₹ Cr
0.1428% share
+24.63% YoY
2.24% of Ch. 85
Imports
7,610.59 ₹ Cr
0.1324% share
+25.37% YoY
1.40% of Ch. 85
Balance
−2,250.12
Exports
6,212.35 ₹ Cr
0.1717% share
+20.14% YoY
2.18% of Ch. 85
Imports
8,462.47 ₹ Cr
0.1507% share
+11.19% YoY
1.29% of Ch. 85
Balance
−2,478.59
Exports
7,816.56 ₹ Cr
0.2111% share
+25.82% YoY
2.09% of Ch. 85
Imports
10,295.15 ₹ Cr
0.1688% share
+21.66% YoY
1.37% of Ch. 85
CAGR · 7-Year
Exports
13.67% /yr
Imports
12.82% /yr
reference, FY 2024-25
Export
₹3,73,532.09 Cr
Import
₹7,49,913.76 Cr
Trade Balance
−3,76,381.67
India's exports under HSN Sub-Chapter 8537 have grown at a compound annual rate of 13.67% over 7 fiscal years, rising from ₹3,622.86 Crore in FY 2018-19 to ₹7,816.56 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8537 ranks #90 out of 1233 subchapters by total export value. Within Chapter 85, it ranks #8 of 48. By trade surplus, it ranks #1054 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8537 was recorded in FY 2024-25, when exports surged by 25.82% over the prior year.
In FY 2024-25, India's imports of ₹10,295.15 Cr exceeded exports of ₹7,816.56 Cr, resulting in a trade deficit of ₹2,478.59 Crore — ranking #1054 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8537 have grown at 12.82% CAGR, reaching ₹10,295.15 Crore in FY 2024-25.
Among the 48 subchapters under Chapter 85, HSN Sub-Chapter 8537 ranks #8 by export value — accounting for 2.09% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.37% share (rank #16).
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 8537 and GST compliance.
It includes Electric control panels & consoles
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Electric control panels & consoles are forward charge. Check the current notifications for any special cases before deciding.
If your outward supply of Electric control panels & consoles 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.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.