Export Decline: −0.93% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9028 have declined at a compound annual rate of −0.93% over 7 fiscal years, falling from ₹1,099.00 Crore in FY 2018-19 to ₹1,039.30 Crore in FY 2024-25.
HSN Sub Chapter 9028 represents Gas, Liquid, Electricity Supply Meters under GST classification. This code helps businesses identify Gas, Liquid, Electricity Supply Meters correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9028, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Gas, Liquid, Electricity Supply Meters.
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GST Rate for Gas, Liquid, Electricity Supply Meters under HSN Code 9028. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Gas, Liquid, Electricity Supply Meters.
Tariff HSN
Description
Gas meters
Tariff HSN
Description
Liquid meters
Tariff HSN
Description
Electricity meters : For alternating current
Tariff HSN
Description
Electricity meters : Other
Tariff HSN
Description
Parts and accessories : For electricity meters
Tariff HSN
Description
Parts and accessories : Other
India’s Exports
FY 2024-25₹1,039 Cr
0.0281% of India’s total exports
India’s Imports
FY 2024-25₹379 Cr
0.0062% of India’s total imports
Trade Balance
FY 2024-25₹660 Cr
Surplus rank #226 of 1233 subchapters
% of Chapter 90
FY 2024-252.32%
Share of Chapter 90’s total exports in FY 2024-25
Import side: 0.32% of Chapter 90’s imports
Rank Within Chapter 90
FY 2024-25#11 of 32
Position by export value among subchapters in Chapter 90
Import-side rank: #24 of 32
At a glance
−0.93%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#379
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+57.38%
Peak Growth Year
FY 2024-25 · strongest single-year move
2.32%
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
+784.63
Exports
1,099.00 ₹ Cr
0.0479% share
— YoY
4.83% of Ch. 90
Imports
314.37 ₹ Cr
0.0088% share
— YoY
0.47% of Ch. 90
Balance
+275.44
Exports
678.05 ₹ Cr
0.0307% share
−38.30% YoY
2.84% of Ch. 90
Imports
402.61 ₹ Cr
0.0120% share
+28.07% YoY
0.61% of Ch. 90
Balance
+153.41
Exports
490.16 ₹ Cr
0.0228% share
−27.71% YoY
2.02% of Ch. 90
Imports
336.75 ₹ Cr
0.0116% share
−16.36% YoY
0.53% of Ch. 90
Balance
+276.91
Exports
614.29 ₹ Cr
0.0196% share
+25.32% YoY
2.07% of Ch. 90
Imports
337.38 ₹ Cr
0.0074% share
+0.19% YoY
0.40% of Ch. 90
Balance
+329.40
Exports
666.23 ₹ Cr
0.0184% share
+8.46% YoY
1.73% of Ch. 90
Imports
336.83 ₹ Cr
0.0059% share
−0.16% YoY
0.36% of Ch. 90
Balance
+298.19
Exports
660.38 ₹ Cr
0.0183% share
−0.88% YoY
1.60% of Ch. 90
Imports
362.19 ₹ Cr
0.0064% share
+7.53% YoY
0.34% of Ch. 90
Balance
+660.23
Exports
1,039.30 ₹ Cr
0.0281% share
+57.38% YoY
2.32% of Ch. 90
Imports
379.07 ₹ Cr
0.0062% share
+4.66% YoY
0.32% of Ch. 90
CAGR · 7-Year
Exports
−0.93% /yr
Imports
3.17% /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 9028 have declined at a compound annual rate of −0.93% over 7 fiscal years, falling from ₹1,099.00 Crore in FY 2018-19 to ₹1,039.30 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9028 ranks #379 out of 1233 subchapters by total export value. Within Chapter 90, it ranks #11 of 32. By trade surplus, it ranks #226 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9028 was recorded in FY 2024-25, when exports surged by 57.38% over the prior year.
In FY 2024-25, India's exports of ₹1,039.30 Cr exceeded imports of ₹379.07 Cr, resulting in a trade surplus of ₹660.23 Crore — ranking #226 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9028 have grown at 3.17% CAGR, reaching ₹379.07 Crore in FY 2024-25.
Among the 32 subchapters under Chapter 90, HSN Sub-Chapter 9028 ranks #11 by export value — accounting for 2.32% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.32% share (rank #24).
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 9028 and GST compliance.
It includes Gas, Liquid, Electricity Supply Meters
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.
If your outward supply of Gas, Liquid, Electricity Supply Meters 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.
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.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Gas, Liquid, Electricity Supply Meters are forward charge. Check the current notifications for any special cases before deciding.
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.