HSN Code 83062920: Statuettes and other ornaments

HSN Code 83062920 represents Statuettes and other ornaments under GST classification. This code helps businesses identify Statuettes and other ornaments correctly for billing, taxation, and trade. With HSN Code 83062920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Statuettes and other ornaments.

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Description of Goods for HSN Code 83062920

HSN Code 83062920 relates to the following description.

Description of Goods

Statuettes and other ornaments : Other : 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 83062920 not include?

Statuettes and other ornaments does not include products with the following descriptions.

India’s Trade Performance — HSN Code 83062920 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

₹4 Cr

+6.70% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹4 Cr

+39.20% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #5224 of 12657 HSN codes

% of Sub-Chapter 8306

FY 2024-25

1.56%

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

Import side: 5.49% of Sub-Chapter 8306’s imports

Rank Within Sub-Chapter 8306

FY 2024-25

#7 of 8

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

Import-side rank: #5 of 8

At a glance

44.11%

Export CAGR

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

#6802

National Export Rank

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

+165.13%

Peak Growth Year

FY 2023-24 · strongest single-year move

1.56%

Contribution to Sub-Ch. 8306

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

India Export-Import Trade Statistics for HSN Code 83062920

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 #8208

Balance

−1.84

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.43% of Sub-Ch. 8306

Imports

2.32 ₹ Cr

0.0001% share

— YoY

2.21% of Sub-Ch. 8306

FY 2019-20 Exp. Rank #8069

Balance

−1.38

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+22.92% YoY

0.47% of Sub-Ch. 8306

Imports

1.97 ₹ Cr

0.0001% share

−15.09% YoY

3.43% of Sub-Ch. 8306

FY 2020-21 Exp. Rank #7514

Balance

+0.51

Exports

1.18 ₹ Cr

0.0001% share

+100.00% YoY

0.82% of Sub-Ch. 8306

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−65.99% YoY

3.29% of Sub-Ch. 8306

FY 2021-22 Exp. Rank #8246

Balance

−0.11

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−36.44% YoY

0.39% of Sub-Ch. 8306

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+28.36% YoY

1.85% of Sub-Ch. 8306

FY 2022-23 Exp. Rank #7724

Balance

+0.23

Exports

1.52 ₹ Cr

0.0000% share

+102.67% YoY

0.74% of Sub-Ch. 8306

Imports

1.29 ₹ Cr

0.0000% share

+50.00% YoY

2.15% of Sub-Ch. 8306

FY 2023-24 Exp. Rank #6832

Balance

+1.02

Exports

4.03 ₹ Cr

0.0001% share

+165.13% YoY

1.61% of Sub-Ch. 8306

Imports

3.01 ₹ Cr

0.0001% share

+133.33% YoY

4.05% of Sub-Ch. 8306

FY 2024-25 Exp. Rank #6802

Balance

+0.11

Exports

4.30 ₹ Cr

0.0001% share

+6.70% YoY

1.56% of Sub-Ch. 8306

Imports

4.19 ₹ Cr

0.0001% share

+39.20% YoY

5.49% of Sub-Ch. 8306

CAGR · 7-Year

Exports

44.11% /yr

Imports

10.35% /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 83062920 Export-Import Analysis

Consistent Export Growth: 44.11% CAGR Over 7 Years

India's exports under HSN Code 83062920 have grown at a compound annual rate of 44.11% over 7 fiscal years, rising from ₹0.48 Crore in FY 2018-19 to ₹4.30 Crore in FY 2024-25.

HSN Code 83062920 Ranked #6802 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 83062920 ranks #6802 out of 12657 HSN codes by total export value. Within Sub-Chapter 8306, it ranks #7 of 8. By trade surplus, it ranks #5224 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 83062920 Exports

The strongest single-year export movement for HSN Code 83062920 was recorded in FY 2023-24, when exports surged by 165.13% over the prior year.

India Maintains a Trade Surplus of ₹0.11 Crore in HSN Code 83062920 Goods

In FY 2024-25, India's exports of ₹4.30 Cr exceeded imports of ₹4.19 Cr, resulting in a trade surplus of ₹0.11 Crore — ranking #5224 of 12657 by surplus magnitude.

Import Growth of 10.35% CAGR Signals Rising Demand for Statuettes and other ornaments

India's imports under HSN Code 83062920 have grown at 10.35% CAGR, reaching ₹4.19 Crore in FY 2024-25.

HSN Code 83062920 Contributes 1.56% of Sub-Chapter 8306 Exports — Ranked #7

Among the 8 HSN codes under Sub-Chapter 8306, HSN Code 83062920 ranks #7 by export value — accounting for 1.56% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.49% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 83062920 and GST compliance.

What products are classified under HSN 83062920 ?

It includes Of Other Base Metal

How should mixed supplies be billed when Statuettes and other ornaments 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; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Statuettes and other ornaments?

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.

Any common misclassification issue with Statuettes and other ornaments?

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

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

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 and other ornaments?

Under HSN 83062920, Statuettes and other ornaments attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.