HSN Code 83062120: Statuettes and other ornaments : Plated with precious metal : Trophies

HSN Code 83062120 represents Statuettes and other ornaments : Plated with precious metal : Trophies under GST classification. This code helps businesses identify Statuettes and other ornaments : Plated with precious metal : Trophies correctly for billing, taxation, and trade. With HSN Code 83062120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Statuettes and other ornaments : Plated with precious metal : Trophies.

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Description of Goods for HSN Code 83062120

HSN Code 83062120 relates to the following description.

Description of Goods

Statuettes and other ornaments : Plated with precious metal : Trophies

Chapter

83 - Miscellaneous articles of base metal

Sub Chapter

8306 - Bells, gongs and the like, non-electric, of base metal; statuettes and other ornaments, of base metal; photograph, picture or similar frames, of base metal; mirrors of base metal

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 83062120 not include?

Statuettes and other ornaments : Plated with precious metal : Trophies does not include products with the following descriptions.

India’s Trade Performance — HSN Code 83062120 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

₹2 Cr

+16.30% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

−46.67% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4903 of 12657 HSN codes

% of Sub-Chapter 8306

FY 2024-25

0.78%

Share of Sub-Chapter 8306’s total exports in FY 2024-25

Import side: 2.31% of Sub-Chapter 8306’s imports

Rank Within Sub-Chapter 8306

FY 2024-25

#8 of 8

Position by export value among HSN codes in Sub-Chapter 8306

Import-side rank: #7 of 8

At a glance

20.76%

Export CAGR

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

#7540

National Export Rank

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

+238.33%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.78%

Contribution to Sub-Ch. 8306

Share of Sub-Chapter 8306 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 83062120

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 #7927

Balance

−0.50

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.62% of Sub-Ch. 8306

Imports

1.19 ₹ Cr

0.0000% share

— YoY

1.13% of Sub-Ch. 8306

FY 2019-20 Exp. Rank #7935

Balance

−0.94

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1.45% YoY

0.55% of Sub-Ch. 8306

Imports

1.64 ₹ Cr

0.0000% share

+37.82% YoY

2.86% of Sub-Ch. 8306

FY 2020-21 Exp. Rank #8107

Balance

+0.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−14.29% YoY

0.42% of Sub-Ch. 8306

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−89.02% YoY

0.88% of Sub-Ch. 8306

FY 2021-22 Exp. Rank #7300

Balance

+1.37

Exports

2.03 ₹ Cr

0.0001% share

+238.33% YoY

1.06% of Sub-Ch. 8306

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+266.67% YoY

1.42% of Sub-Ch. 8306

FY 2022-23 Exp. Rank #7471

Balance

+1.00

Exports

1.93 ₹ Cr

0.0001% share

−4.93% YoY

0.95% of Sub-Ch. 8306

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+40.91% YoY

1.55% of Sub-Ch. 8306

FY 2023-24 Exp. Rank #7652

Balance

−1.46

Exports

1.84 ₹ Cr

0.0001% share

−4.66% YoY

0.73% of Sub-Ch. 8306

Imports

3.30 ₹ Cr

0.0001% share

+254.84% YoY

4.44% of Sub-Ch. 8306

FY 2024-25 Exp. Rank #7540

Balance

+0.38

Exports

2.14 ₹ Cr

0.0001% share

+16.30% YoY

0.78% of Sub-Ch. 8306

Imports

1.76 ₹ Cr

0.0000% share

−46.67% YoY

2.31% of Sub-Ch. 8306

CAGR · 7-Year

Exports

20.76% /yr

Imports

6.74% /yr

Consistently Surplus
Sub-Chapter 8306 total

reference, FY 2024-25

Export

₹275.59 Cr

Import

₹76.26 Cr

Trade Balance

+199.33

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

Key Trade Insights: HSN Code 83062120 Export-Import Analysis

Consistent Export Growth: 20.76% CAGR Over 7 Years

India's exports under HSN Code 83062120 have grown at a compound annual rate of 20.76% over 7 fiscal years, rising from ₹0.69 Crore in FY 2018-19 to ₹2.14 Crore in FY 2024-25.

HSN Code 83062120 Ranked #7540 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 83062120 ranks #7540 out of 12657 HSN codes by total export value. Within Sub-Chapter 8306, it ranks #8 of 8. By trade surplus, it ranks #4903 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 83062120 Exports

The strongest single-year export movement for HSN Code 83062120 was recorded in FY 2021-22, when exports surged by 238.33% over the prior year.

India Maintains a Trade Surplus of ₹0.38 Crore in HSN Code 83062120 Goods

In FY 2024-25, India's exports of ₹2.14 Cr exceeded imports of ₹1.76 Cr, resulting in a trade surplus of ₹0.38 Crore — ranking #4903 of 12657 by surplus magnitude.

Import Growth of 6.74% CAGR Signals Stable Import Dependency for Statuettes and other ornaments : Plated with precious metal : Trophies

India's imports under HSN Code 83062120 have grown at 6.74% CAGR, reaching ₹1.76 Crore in FY 2024-25.

HSN Code 83062120 Contributes 0.78% of Sub-Chapter 8306 Exports — Ranked #8

Among the 8 HSN codes under Sub-Chapter 8306, HSN Code 83062120 ranks #8 by export value — accounting for 0.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.31% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 83062120 and GST compliance.

What products are classified under HSN 83062120 ?

It includes Statuettes and other ornaments : Other : Other

Can we claim ITC on inputs used to trade Statuettes and other ornaments : Plated with precious metal : Trophies?

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 Statuettes and other ornaments : Plated with precious metal : Trophies is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Statuettes and other ornaments : Plated with precious metal : Trophies; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Statuettes and other ornaments : Plated with precious metal : Trophies?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Does packaging or labelling change the GST for Statuettes and other ornaments : Plated with precious metal : Trophies?

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.

How much GST applies to Statuettes and other ornaments : Plated with precious metal : Trophies?

Under HSN 83062120, Statuettes and other ornaments : Plated with precious metal : Trophies attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Statuettes and other ornaments : Plated with precious metal : Trophies?

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.