---
title: "HSN Code for Tower Bolts | HSN 83024120 GST Rate"
description: "Find HSN and GST Rates for 83024120 related to Tower Bolts with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-83024120/"
---

# HSN Code 83024120: Tower Bolts

- [Section 15: Guide to HSN Section 15](https://busy.in/hsn/section-15/)
- [Chapter 83: Miscellaneous Base Metal Articles](https://busy.in/hsn/chapter-83/)
- [Sub-chapter 8302: Furniture metal fittings](https://busy.in/hsn/sub-chapter-8302/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Other mountings, fittings and similar articles : Suitable for buildings : Tower bolts | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 83024120 ?

It includes Hat-racks, brackets

### Does packaging or labelling change the GST for Tower Bolts?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

### Can we claim ITC on inputs used to trade Tower Bolts?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### How should mixed supplies be billed when Tower Bolts is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Tower Bolts; Nil for exempt items if applicable).

### How much GST applies to Tower Bolts?

Under HSN 83024120, Tower Bolts attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Tower Bolts?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

## India's trade performance: HSN Code 83024120 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹20 Cr (−12.59% YoY) — 0.0005% of India's total exports
- Imports: < ₹1 Crore (−84.44% YoY) — 0.0000% of India's total imports
- Trade balance: ₹20 Cr (Surplus); surplus rank #2813 of 12657 HSN codes
- Share of Sub-Chapter 8302: 0.55% of its exports; import side 0.00%
- Rank within Sub-Chapter 8302: #11 of 13 by export value; import-side #13

### Key metrics

- Export CAGR: -1.02% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4876 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +19.24% in FY 2023-24
- Contribution to Sub-Ch. 8302: 0.55% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 83024120

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 8302 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8302 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 21.26 | 0.0009% | — | 1.17% | < ₹1 Crore | 0.0000% | — | 0.02% | +20.72 | #4029 |
| FY 2019-20 | 20.27 | 0.0009% | −4.66% | 1.09% | < ₹1 Crore | 0.0000% | −40.74% | 0.01% | +19.95 | #4081 |
| FY 2020-21 | 19.32 | 0.0009% | −4.69% | 0.81% | < ₹1 Crore | 0.0000% | −56.25% | 0.01% | +19.18 | #4232 |
| FY 2021-22 | 21.14 | 0.0007% | +9.42% | 0.64% | < ₹1 Crore | 0.0000% | +121.43% | 0.01% | +20.83 | #4531 |
| FY 2022-23 | 19.18 | 0.0005% | −9.27% | 0.62% | < ₹1 Crore | 0.0000% | +54.84% | 0.01% | +18.70 | #4725 |
| FY 2023-24 | 22.87 | 0.0006% | +19.24% | 0.70% | < ₹1 Crore | 0.0000% | −6.25% | 0.01% | +22.42 | #4579 |
| FY 2024-25 | 19.99 | 0.0005% | −12.59% | 0.55% | < ₹1 Crore | 0.0000% | −84.44% | 0.00% | +19.92 | #4876 |

- CAGR (7-year): exports -1.02%/yr, imports -28.86%/yr (consistently Surplus)

## Key trade insights: HSN Code 83024120 export-import analysis

### Export decline: -1.02% CAGR over 7 years

India's exports under HSN Code 83024120 have declined at a compound annual rate of -1.02% over 7 fiscal years, falling from ₹21.26 Crore in FY 2018-19 to ₹19.99 Crore in FY 2024-25.

### HSN Code 83024120 ranked #4876 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 83024120 ranks #4876 out of 12657 HSN codes by total export value. Within Sub-Chapter 8302, it ranks #11 of 13. By trade surplus, it ranks #2813 of 12657.

### FY 2023-24 was the strongest growth year for HSN Code 83024120 exports

The strongest single-year export movement for HSN Code 83024120 was recorded in FY 2023-24, when exports surged by 19.24% over the prior year.

### India maintains a trade surplus of ₹19.92 Crore in HSN Code 83024120 goods

In FY 2024-25, India's exports of ₹19.99 Cr exceeded imports of ₹0.07 Cr, resulting in a trade surplus of ₹19.92 Crore — ranking #2813 of 12657 by surplus magnitude.

### Import growth of -28.86% CAGR signals stable import dependency for Tower Bolts

India's imports under HSN Code 83024120 have grown at -28.86% CAGR, reaching ₹0.07 Crore in FY 2024-25.

### HSN Code 83024120 contributes 0.55% of Sub-Chapter 8302 exports — ranked #11

Among the 13 HSN codes under Sub-Chapter 8302, HSN Code 83024120 ranks #11 by export value — accounting for 0.55% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #13).

## Related HSN Codes in Sub-Chapter 8302

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 83024110: Non-Working Metal Stamps](https://busy.in/hsn/hsn-83024110/) | ₹1,230 Cr |
| #2 | [HSN Code 83024200: Mountings and Fittings for Furniture: Other](https://busy.in/hsn/hsn-83024200/) | ₹540 Cr |
| #3 | [HSN Code 83024190: Mountings & Fittings: Suitable for Buildings - Other](https://busy.in/hsn/hsn-83024190/) | ₹502 Cr |
| #4 | [HSN Code 83023090: Other Mountings/Fittings (Motor Vehicles)](https://busy.in/hsn/hsn-83023090/) | ₹330 Cr |
| #5 | [HSN Code 83021010: Hinges \| Of Steel](https://busy.in/hsn/hsn-83021010/) | ₹256 Cr |
| #6 | [HSN Code 83024900: Other mountings and fittings](https://busy.in/hsn/hsn-83024900/) | ₹232 Cr |
| #7 | [HSN Code 83025000: Hat-racks, brackets](https://busy.in/hsn/hsn-83025000/) | ₹230 Cr |
| #8 | [HSN Code 83021090: Hinges \| Other](https://busy.in/hsn/hsn-83021090/) | ₹172 Cr |
| #9 | [HSN Code 83021020: Hinges \| Of Brass](https://busy.in/hsn/hsn-83021020/) | ₹68 Cr |
| #10 | [HSN Code 83022000: Castors](https://busy.in/hsn/hsn-83022000/) | ₹55 Cr |
| #11 | HSN Code 83024120: Tower Bolts (this hsn code) | ₹20 Cr |