Consistent Export Growth: 9.34% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9032 have grown at a compound annual rate of 9.34% over 7 fiscal years, rising from ₹1,872.79 Crore in FY 2018-19 to ₹3,199.39 Crore in FY 2024-25.
HSN Sub Chapter 9032 represents Automatic regulating instruments under GST classification. This code helps businesses identify Automatic regulating instruments correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9032, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Automatic regulating instruments.
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GST Rate for Automatic regulating instruments under HSN Code 9032. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Automatic regulating instruments.
Tariff HSN
Description
Thermostats : For refrigerating and air-conditioning appliances and machinery
Tariff HSN
Description
Thermostats : Other
Tariff HSN
Description
Manostats : For refrigerating and air-conditioning appliances and machinery
Tariff HSN
Description
Manostats : Other
Tariff HSN
Description
Other instruments and apparatus : Hydraulic or pneumatic
Tariff HSN
Description
Other instruments and apparatus : Other : Electronic automatic regulators
Tariff HSN
Description
Other instruments and apparatus : Other : Other
Tariff HSN
Description
Parts and accessories
India’s Exports
FY 2024-25₹3,199 Cr
0.0864% of India’s total exports
India’s Imports
FY 2024-25₹9,136 Cr
0.1498% of India’s total imports
Trade Balance
FY 2024-25−₹5,937 Cr
Surplus rank #1125 of 1233 subchapters
% of Chapter 90
FY 2024-257.15%
Share of Chapter 90’s total exports in FY 2024-25
Import side: 7.80% of Chapter 90’s imports
Rank Within Chapter 90
FY 2024-25#4 of 32
Position by export value among subchapters in Chapter 90
Import-side rank: #4 of 32
At a glance
9.34%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#195
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+19.75%
Peak Growth Year
FY 2023-24 · strongest single-year move
7.15%
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
−4,690.48
Exports
1,872.79 ₹ Cr
0.0816% share
— YoY
8.23% of Ch. 90
Imports
6,563.27 ₹ Cr
0.1828% share
— YoY
9.74% of Ch. 90
Balance
−4,357.13
Exports
2,007.32 ₹ Cr
0.0909% share
+7.18% YoY
8.40% of Ch. 90
Imports
6,364.45 ₹ Cr
0.1897% share
−3.03% YoY
9.71% of Ch. 90
Balance
−4,121.41
Exports
2,011.73 ₹ Cr
0.0935% share
+0.22% YoY
8.31% of Ch. 90
Imports
6,133.14 ₹ Cr
0.2105% share
−3.63% YoY
9.66% of Ch. 90
Balance
−4,549.61
Exports
2,293.11 ₹ Cr
0.0731% share
+13.99% YoY
7.73% of Ch. 90
Imports
6,842.72 ₹ Cr
0.1497% share
+11.57% YoY
8.11% of Ch. 90
Balance
−6,340.81
Exports
2,560.87 ₹ Cr
0.0707% share
+11.68% YoY
6.64% of Ch. 90
Imports
8,901.68 ₹ Cr
0.1548% share
+30.09% YoY
9.48% of Ch. 90
Balance
−6,358.60
Exports
3,066.76 ₹ Cr
0.0848% share
+19.75% YoY
7.42% of Ch. 90
Imports
9,425.36 ₹ Cr
0.1678% share
+5.88% YoY
8.81% of Ch. 90
Balance
−5,936.88
Exports
3,199.39 ₹ Cr
0.0864% share
+4.32% YoY
7.15% of Ch. 90
Imports
9,136.27 ₹ Cr
0.1498% share
−3.07% YoY
7.80% of Ch. 90
CAGR · 7-Year
Exports
9.34% /yr
Imports
5.67% /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 9032 have grown at a compound annual rate of 9.34% over 7 fiscal years, rising from ₹1,872.79 Crore in FY 2018-19 to ₹3,199.39 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9032 ranks #195 out of 1233 subchapters by total export value. Within Chapter 90, it ranks #4 of 32. By trade surplus, it ranks #1125 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9032 was recorded in FY 2023-24, when exports surged by 19.75% over the prior year.
In FY 2024-25, India's imports of ₹9,136.27 Cr exceeded exports of ₹3,199.39 Cr, resulting in a trade deficit of ₹5,936.88 Crore — ranking #1125 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9032 have grown at 5.67% CAGR, reaching ₹9,136.27 Crore in FY 2024-25.
Among the 32 subchapters under Chapter 90, HSN Sub-Chapter 9032 ranks #4 by export value — accounting for 7.15% of the chapter's total exports in FY 2024-25. On the import side, it holds 7.80% share (rank #4).
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 9032 and GST compliance.
It includes Automatic regulating instruments
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.
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.
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.
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.
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.