HSN Code 83024120: Tower Bolts

HSN Code 83024120 represents Tower Bolts under GST classification. This code helps businesses identify Tower Bolts correctly for billing, taxation, and trade. With HSN Code 83024120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Tower Bolts.

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Description of Goods for HSN Code 83024120

HSN Code 83024120 relates to the following description.

Description of Goods

Other mountings, fittings and similar articles : Suitable for buildings : Tower bolts

Chapter

83 - Miscellaneous articles of base metal

Sub Chapter

8302 - Base metal mountings, fittings and similar articles suitable for furniture, doors, staircases, windows, blinds, coachwork, saddlery, trunks, chests, caskets or the like; base metal hat-racks, hat-pegs, brackets and similar fixtures; castors with mountings of base metal; automatic door closers of base metal

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 83024120 not include?

Tower Bolts does not include products with the following descriptions.

HSN Code 83023010

Other mountings, fittings and similar articles suitable for motor vehicles : Curve drive stakes

HSN Code 83023090

Other mountings, fittings and similar articles suitable for motor vehicles : Other

HSN Code 83024110

Other mountings, fittings and similar articles : Suitable for buildings : Fittings for doors and windows

HSN Code 83024190

Other mountings, fittings and similar articles : Suitable for buildings : Other

HSN Code 83024200

Other mountings, fittings and similar articles : Other, suitable for furniture

India’s Trade Performance — HSN Code 83024120 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

₹20 Cr

−12.59% vs FY 2023-24

0.0005% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−84.44% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹20 Cr

Trade Surplus

Surplus rank #2813 of 12657 HSN codes

% of Sub-Chapter 8302

FY 2024-25

0.55%

Share of Sub-Chapter 8302’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 8302’s imports

Rank Within Sub-Chapter 8302

FY 2024-25

#11 of 13

Position by export value among HSN codes in Sub-Chapter 8302

Import-side rank: #13 of 13

At a glance

−1.02%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4876

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+19.24%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.55%

Contribution to Sub-Ch. 8302

Share of Sub-Chapter 8302 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #4029

Balance

+20.72

Exports

21.26 ₹ Cr

0.0009% share

— YoY

1.17% of Sub-Ch. 8302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 8302

FY 2019-20 Exp. Rank #4081

Balance

+19.95

Exports

20.27 ₹ Cr

0.0009% share

−4.66% YoY

1.09% of Sub-Ch. 8302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−40.74% YoY

0.01% of Sub-Ch. 8302

FY 2020-21 Exp. Rank #4232

Balance

+19.18

Exports

19.32 ₹ Cr

0.0009% share

−4.69% YoY

0.81% of Sub-Ch. 8302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−56.25% YoY

0.01% of Sub-Ch. 8302

FY 2021-22 Exp. Rank #4531

Balance

+20.83

Exports

21.14 ₹ Cr

0.0007% share

+9.42% YoY

0.64% of Sub-Ch. 8302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+121.43% YoY

0.01% of Sub-Ch. 8302

FY 2022-23 Exp. Rank #4725

Balance

+18.70

Exports

19.18 ₹ Cr

0.0005% share

−9.27% YoY

0.62% of Sub-Ch. 8302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+54.84% YoY

0.01% of Sub-Ch. 8302

FY 2023-24 Exp. Rank #4579

Balance

+22.42

Exports

22.87 ₹ Cr

0.0006% share

+19.24% YoY

0.70% of Sub-Ch. 8302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−6.25% YoY

0.01% of Sub-Ch. 8302

FY 2024-25 Exp. Rank #4876

Balance

+19.92

Exports

19.99 ₹ Cr

0.0005% share

−12.59% YoY

0.55% of Sub-Ch. 8302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−84.44% YoY

0.00% of Sub-Ch. 8302

CAGR · 7-Year

Exports

−1.02% /yr

Imports

−28.86% /yr

Consistently Surplus
Sub-Chapter 8302 total

reference, FY 2024-25

Export

₹3,645.98 Cr

Import

₹4,997.92 Cr

Trade Balance

−1,351.94

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 83024120 and GST compliance.

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.

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.