HSN Code 83062910: Statuettes

HSN Code 83062910 represents Statuettes under GST classification. This code helps businesses identify Statuettes correctly for billing, taxation, and trade. With HSN Code 83062910, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Statuettes.

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Description of Goods for HSN Code 83062910

HSN Code 83062910 relates to the following description.

Description of Goods

Statuettes and other ornaments : Other : Statuettes

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 83062910 not include?

Statuettes does not include products with the following descriptions.

India’s Trade Performance — HSN Code 83062910 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

₹19 Cr

−21.74% vs FY 2023-24

0.0005% of India’s total exports

India’s Imports

FY 2024-25

₹9 Cr

−40.01% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹10 Cr

Trade Surplus

Surplus rank #3298 of 12657 HSN codes

% of Sub-Chapter 8306

FY 2024-25

6.86%

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

Import side: 11.42% of Sub-Chapter 8306’s imports

Rank Within Sub-Chapter 8306

FY 2024-25

#4 of 8

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

Import-side rank: #3 of 8

At a glance

4.20%

Export CAGR

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

#4963

National Export Rank

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

+27.92%

Peak Growth Year

FY 2021-22 · strongest single-year move

6.86%

Contribution to Sub-Ch. 8306

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

India Export-Import Trade Statistics for HSN Code 83062910

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 #4497

Balance

+9.50

Exports

14.77 ₹ Cr

0.0006% share

YoY

13.19% of Sub-Ch. 8306

Imports

5.27 ₹ Cr

0.0001% share

YoY

5.02% of Sub-Ch. 8306

FY 2019-20 Exp. Rank #4818

Balance

+8.02

Exports

11.56 ₹ Cr

0.0005% share

−21.73% YoY

9.12% of Sub-Ch. 8306

Imports

3.54 ₹ Cr

0.0001% share

−32.83% YoY

6.17% of Sub-Ch. 8306

FY 2020-21 Exp. Rank #4695

Balance

+12.08

Exports

13.68 ₹ Cr

0.0006% share

+18.34% YoY

9.54% of Sub-Ch. 8306

Imports

1.60 ₹ Cr

0.0001% share

−54.80% YoY

7.85% of Sub-Ch. 8306

FY 2021-22 Exp. Rank #4765

Balance

+10.62

Exports

17.50 ₹ Cr

0.0006% share

+27.92% YoY

9.11% of Sub-Ch. 8306

Imports

6.88 ₹ Cr

0.0002% share

+330.00% YoY

14.79% of Sub-Ch. 8306

FY 2022-23 Exp. Rank #4642

Balance

+15.17

Exports

20.40 ₹ Cr

0.0006% share

+16.57% YoY

9.99% of Sub-Ch. 8306

Imports

5.23 ₹ Cr

0.0001% share

−23.98% YoY

8.71% of Sub-Ch. 8306

FY 2023-24 Exp. Rank #4502

Balance

+9.63

Exports

24.15 ₹ Cr

0.0007% share

+18.38% YoY

9.64% of Sub-Ch. 8306

Imports

14.52 ₹ Cr

0.0003% share

+177.63% YoY

19.52% of Sub-Ch. 8306

FY 2024-25 Exp. Rank #4963

Balance

+10.19

Exports

18.90 ₹ Cr

0.0005% share

−21.74% YoY

6.86% of Sub-Ch. 8306

Imports

8.71 ₹ Cr

0.0001% share

−40.01% YoY

11.42% of Sub-Ch. 8306

CAGR · 7-Year

Exports

4.20% /yr

Imports

8.73% /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 83062910 Export-Import Analysis

Consistent Export Growth: 4.20% CAGR Over 7 Years

India's exports under HSN Code 83062910 have grown at a compound annual rate of 4.20% over 7 fiscal years, rising from ₹14.77 Crore in FY 2018-19 to ₹18.90 Crore in FY 2024-25.

HSN Code 83062910 Ranked #4963 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 83062910 ranks #4963 out of 12657 HSN codes by total export value. Within Sub-Chapter 8306, it ranks #4 of 8. By trade surplus, it ranks #3298 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 83062910 Exports

The strongest single-year export movement for HSN Code 83062910 was recorded in FY 2021-22, when exports surged by 27.92% over the prior year.

India Maintains a Trade Surplus of ₹10.19 Crore in HSN Code 83062910 Goods

In FY 2024-25, India's exports of ₹18.90 Cr exceeded imports of ₹8.71 Cr, resulting in a trade surplus of ₹10.19 Crore — ranking #3298 of 12657 by surplus magnitude.

Import Growth of 8.73% CAGR Signals Stable Import Dependency for Statuettes

India's imports under HSN Code 83062910 have grown at 8.73% CAGR, reaching ₹8.71 Crore in FY 2024-25.

HSN Code 83062910 Contributes 6.86% of Sub-Chapter 8306 Exports — Ranked #4

Among the 8 HSN codes under Sub-Chapter 8306, HSN Code 83062910 ranks #4 by export value — accounting for 6.86% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.42% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 83062910 and GST compliance.

What products are classified under HSN 83062910 ?

It includes Of Iron Or Steel

Any common misclassification issue with Statuettes?

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

Can we claim ITC on inputs used to trade Statuettes?

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

Do e‑way bill and e‑invoice apply for Statuettes?

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.

How much GST applies to Statuettes?

Under HSN 83062910, Statuettes attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Statuettes?

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 should mixed supplies be billed when Statuettes is sold with other items?

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

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.