Consistent Export Growth: 12.94% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9024 have grown at a compound annual rate of 12.94% over 7 fiscal years, rising from ₹151.66 Crore in FY 2018-19 to ₹314.70 Crore in FY 2024-25.
HSN Sub Chapter 9024 represents Machines for material hardness testing under GST classification. This code helps businesses identify Machines for material hardness testing correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9024, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Machines for material hardness testing.
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GST Rate for Machines for material hardness testing under HSN Code 9024. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Machines for material hardness testing.
Tariff HSN
Description
Machines and appliances for testing metals
Tariff HSN
Description
Other machines and appliances : For testing textiles, paper and paperboard
Tariff HSN
Description
Other machines and appliances : Other : For testing hardness
Tariff HSN
Description
Other machines and appliances : Other : Other
Tariff HSN
Description
Parts and accessories
India’s Exports
FY 2024-25₹315 Cr
0.0085% of India’s total exports
India’s Imports
FY 2024-25₹1,016 Cr
0.0167% of India’s total imports
Trade Balance
FY 2024-25−₹701 Cr
Surplus rank #916 of 1233 subchapters
% of Chapter 90
FY 2024-250.70%
Share of Chapter 90’s total exports in FY 2024-25
Import side: 0.87% of Chapter 90’s imports
Rank Within Chapter 90
FY 2024-25#17 of 32
Position by export value among subchapters in Chapter 90
Import-side rank: #16 of 32
At a glance
12.94%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#618
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+23.44%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.70%
Contribution to Ch. 90
Share of Chapter 90 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
−530.11
Exports
151.66 ₹ Cr
0.0066% share
— YoY
0.67% of Ch. 90
Imports
681.77 ₹ Cr
0.0190% share
— YoY
1.01% of Ch. 90
Balance
−534.69
Exports
152.99 ₹ Cr
0.0069% share
+0.88% YoY
0.64% of Ch. 90
Imports
687.68 ₹ Cr
0.0205% share
+0.87% YoY
1.05% of Ch. 90
Balance
−387.01
Exports
145.67 ₹ Cr
0.0068% share
−4.78% YoY
0.60% of Ch. 90
Imports
532.68 ₹ Cr
0.0183% share
−22.54% YoY
0.84% of Ch. 90
Balance
−456.29
Exports
179.82 ₹ Cr
0.0057% share
+23.44% YoY
0.61% of Ch. 90
Imports
636.11 ₹ Cr
0.0139% share
+19.42% YoY
0.75% of Ch. 90
Balance
−553.05
Exports
217.19 ₹ Cr
0.0060% share
+20.78% YoY
0.56% of Ch. 90
Imports
770.24 ₹ Cr
0.0134% share
+21.09% YoY
0.82% of Ch. 90
Balance
−611.05
Exports
262.93 ₹ Cr
0.0073% share
+21.06% YoY
0.64% of Ch. 90
Imports
873.98 ₹ Cr
0.0156% share
+13.47% YoY
0.82% of Ch. 90
Balance
−701.39
Exports
314.70 ₹ Cr
0.0085% share
+19.69% YoY
0.70% of Ch. 90
Imports
1,016.09 ₹ Cr
0.0167% share
+16.26% YoY
0.87% of Ch. 90
CAGR · 7-Year
Exports
12.94% /yr
Imports
6.88% /yr
reference, FY 2024-25
Export
₹44,741.39 Cr
Import
₹1,17,087.09 Cr
Trade Balance
−72,345.70
India's exports under HSN Sub-Chapter 9024 have grown at a compound annual rate of 12.94% over 7 fiscal years, rising from ₹151.66 Crore in FY 2018-19 to ₹314.70 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9024 ranks #618 out of 1233 subchapters by total export value. Within Chapter 90, it ranks #17 of 32. By trade surplus, it ranks #916 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9024 was recorded in FY 2021-22, when exports surged by 23.44% over the prior year.
In FY 2024-25, India's imports of ₹1,016.09 Cr exceeded exports of ₹314.70 Cr, resulting in a trade deficit of ₹701.39 Crore — ranking #916 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9024 have grown at 6.88% CAGR, reaching ₹1,016.09 Crore in FY 2024-25.
Among the 32 subchapters under Chapter 90, HSN Sub-Chapter 9024 ranks #17 by export value — accounting for 0.70% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.87% 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 9024 and GST compliance.
It includes Machines for material hardness testing
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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Machines for material hardness testing are forward charge. Check the current notifications for any special cases before deciding.
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.