Consistent Export Growth: 11.16% CAGR Over 7 Years
India's exports under HSN Chapter 97 have grown at a compound annual rate of 11.16% over 7 fiscal years, rising from ₹718.06 Crore in FY 2018-19 to ₹1,354.59 Crore in FY 2024-25.
97 HSN Code: Works of Art, Antiques, Etc
HSN Chapter 97 represents Works of Art, Antiques, Etc under GST classification. This code helps businesses identify Works of Art, Antiques, Etc correctly for billing, taxation, and trade purposes. With HSN Chapter 97, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Works of Art, Antiques, Etc.
Live Demo Available Today
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Trusted by 6,00,000+ Users
4.6 Google Rating
Sub-chapters under HSN Chapter 97
Following Sub Chapters fall under Works of Art, Antiques, Etc:
Sub Chapter
New GST Rate
Old GST Rate
Description
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Paintings, drawings and pastels, executed entirely by hand, other than drawings of heading 4906 and other than hand-painted or hand-decorated manufactured articles; collages, mosaics and similar decorative plaques
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Original engravings, prints and lithographs
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
18
%
Description
Original sculptures and statuary, in any material
Sub Chapter
New GST Rate
12
%
Standard
Old GST Rate
12
%
Description
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused , other than those of heading 4907
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Collections and collectors' pieces of archaeological, ethnographic, historical, zoological, botanical, mineralogical, anatomical, paleontological, or numismatic interest
Sub Chapter
New GST Rate
5
%
Essential
Old GST Rate
12
%
Description
Antiques of an age exceeding one hundred years
India’s Trade Performance — HSN Chapter 97 in FY 2024-25
TradeStat EIDB — Ministry of Commerce & Industry
FY 2018-19–FY 2024-25
Values in ₹ Crore
India’s Exports
FY 2024-25₹1,355 Cr
−51.51%
vs FY 2023-24
0.0366% of India’s total exports
India’s Imports
FY 2024-25₹2,273 Cr
−41.28%
vs FY 2023-24
0.0373% of India’s total imports
Trade Balance
FY 2024-25−₹918 Cr
Trade Deficit
Surplus rank #56 of 97 chapters
At a glance
11.16%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#81
National Export Rank
of 97 chapters by export value, FY 2024-25
+156.31%
Peak Growth Year
FY 2023-24 · strongest single-year move
1.9×
Export Growth · 7Y
₹718.06 Cr → ₹1,354.59 Cr
India Export-Import Trade Statistics for HSN Chapter 97
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
FY 2018-19
Exp. Rank #80
Balance
+51.79
Exports
718.06 ₹ Cr
0.0311% share
— YoY
Imports
666.27 ₹ Cr
0.0185% share
— YoY
FY 2019-20
Exp. Rank #77
Balance
+64.01
Exports
884.03 ₹ Cr
0.0398% share
+23.11% YoY
Imports
820.02 ₹ Cr
0.0244% share
+23.08% YoY
FY 2020-21
Exp. Rank #85
Balance
−89.91
Exports
382.57 ₹ Cr
0.0177% share
−56.72% YoY
Imports
472.48 ₹ Cr
0.0162% share
−42.38% YoY
FY 2021-22
Exp. Rank #87
Balance
+55.11
Exports
545.65 ₹ Cr
0.0173% share
+42.63% YoY
Imports
490.54 ₹ Cr
0.0107% share
+3.82% YoY
FY 2022-23
Exp. Rank #80
Balance
−86.39
Exports
1,089.87 ₹ Cr
0.0301% share
+99.74% YoY
Imports
1,176.26 ₹ Cr
0.0205% share
+139.79% YoY
FY 2023-24
Exp. Rank #74
Balance
−1,077.11
Exports
2,793.41 ₹ Cr
0.0772% share
+156.31% YoY
Imports
3,870.52 ₹ Cr
0.0689% share
+229.05% YoY
FY 2024-25
Exp. Rank #81
Balance
−918.21
Exports
1,354.59 ₹ Cr
0.0366% share
−51.51% YoY
Imports
2,272.80 ₹ Cr
0.0373% share
−41.28% YoY
CAGR · 7-Year
Exports
11.16% /yr
Imports
22.69% /yr
Consistently Deficit
Peak export growth year
Latest available data
Not available
YoY = change vs previous FY
Key Trade Insights: HSN Chapter 97 Export-Import Analysis
HSN Chapter 97 Ranked #81 Among All 97 Chapters by Export Value
In FY 2024-25, HSN Chapter 97 ranks #81 out of 97 chapters by total export value. By trade surplus, it ranks #56 of 97.
FY 2023-24 Was the Strongest Growth Year for HSN Chapter 97 Exports
The strongest single-year export movement for HSN Chapter 97 was recorded in FY 2023-24, when exports surged by 156.31% over the prior year.
India Records a Trade Deficit of ₹918.21 Crore in HSN Chapter 97 Goods
In FY 2024-25, India's imports of ₹2,272.80 Cr exceeded exports of ₹1,354.59 Cr, resulting in a trade deficit of ₹918.21 Crore — ranking #56 of 97 by surplus magnitude.
Import Growth of 22.69% CAGR Signals Rising Demand for Works of Art, Antiques, Etc
India's imports under HSN Chapter 97 have grown at 22.69% CAGR, reaching ₹2,272.80 Crore in FY 2024-25.
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
Important Disclaimer
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.