HSN Code 83062990 represents Statuettes and other ornaments : Other : Other under GST classification. This code helps businesses identify Statuettes and other ornaments : Other : Other correctly for billing, taxation, and trade. With HSN Code 83062990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Statuettes and other ornaments : Other : Other.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 83062990 relates to the following description.
Description of Goods
Statuettes and other ornaments : Other : Other
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%
Statuettes and other ornaments : Other : Other does not include products with the following descriptions.
Bells, gongs and the like
Statuettes and other ornaments : Plated with precious metal : Statuettes
Statuettes and other ornaments : Plated with precious metal : Trophies
Statuettes and other ornaments : Plated with precious metal : Other
Statuettes and other ornaments : Other : Statuettes
Statuettes and other ornaments : Other : Trophies
Photograph, picture or similar frames; mirrors
Bells, gongs and the like
Statuettes and other ornaments : Plated with precious metal : Statuettes
Statuettes and other ornaments : Plated with precious metal : Trophies
Statuettes and other ornaments : Plated with precious metal : Other
Statuettes and other ornaments : Other : Statuettes
Statuettes and other ornaments : Other : Trophies
Photograph, picture or similar frames; mirrors
India’s Exports
FY 2024-25₹33 Cr
0.0009% of India’s total exports
India’s Imports
FY 2024-25₹38 Cr
0.0006% of India’s total imports
Trade Balance
FY 2024-25−₹6 Cr
Surplus rank #8707 of 12657 HSN codes
% of Sub-Chapter 8306
FY 2024-2511.80%
Share of Sub-Chapter 8306’s total exports in FY 2024-25
Import side: 50.33% of Sub-Chapter 8306’s imports
Rank Within Sub-Chapter 8306
FY 2024-25#3 of 8
Position by export value among HSN codes in Sub-Chapter 8306
Import-side rank: #1 of 8
At a glance
8.68%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4212
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+82.47%
Peak Growth Year
FY 2023-24 · strongest single-year move
11.80%
Contribution to Sub-Ch. 8306
Share of Sub-Chapter 8306 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−10.13
Exports
19.73 ₹ Cr
0.0009% share
— YoY
17.61% of Sub-Ch. 8306
Imports
29.86 ₹ Cr
0.0008% share
— YoY
28.44% of Sub-Ch. 8306
Balance
−5.50
Exports
20.08 ₹ Cr
0.0009% share
+1.77% YoY
15.84% of Sub-Ch. 8306
Imports
25.58 ₹ Cr
0.0008% share
−14.33% YoY
44.58% of Sub-Ch. 8306
Balance
+6.18
Exports
16.48 ₹ Cr
0.0008% share
−17.93% YoY
11.49% of Sub-Ch. 8306
Imports
10.30 ₹ Cr
0.0004% share
−59.73% YoY
50.52% of Sub-Ch. 8306
Balance
+2.84
Exports
24.49 ₹ Cr
0.0008% share
+48.60% YoY
12.75% of Sub-Ch. 8306
Imports
21.65 ₹ Cr
0.0005% share
+110.19% YoY
46.55% of Sub-Ch. 8306
Balance
−9.81
Exports
20.25 ₹ Cr
0.0006% share
−17.31% YoY
9.91% of Sub-Ch. 8306
Imports
30.06 ₹ Cr
0.0005% share
+38.85% YoY
50.06% of Sub-Ch. 8306
Balance
+6.99
Exports
36.95 ₹ Cr
0.0010% share
+82.47% YoY
14.74% of Sub-Ch. 8306
Imports
29.96 ₹ Cr
0.0005% share
−0.33% YoY
40.29% of Sub-Ch. 8306
Balance
−5.87
Exports
32.51 ₹ Cr
0.0009% share
−12.02% YoY
11.80% of Sub-Ch. 8306
Imports
38.38 ₹ Cr
0.0006% share
+28.10% YoY
50.33% of Sub-Ch. 8306
CAGR · 7-Year
Exports
8.68% /yr
Imports
4.27% /yr
reference, FY 2024-25
Export
₹275.59 Cr
Import
₹76.26 Cr
Trade Balance
+199.33
India's exports under HSN Code 83062990 have grown at a compound annual rate of 8.68% over 7 fiscal years, rising from ₹19.73 Crore in FY 2018-19 to ₹32.51 Crore in FY 2024-25.
In FY 2024-25, HSN Code 83062990 ranks #4212 out of 12657 HSN codes by total export value. Within Sub-Chapter 8306, it ranks #3 of 8. By trade surplus, it ranks #8707 of 12657.
The strongest single-year export movement for HSN Code 83062990 was recorded in FY 2023-24, when exports surged by 82.47% over the prior year.
In FY 2024-25, India's imports of ₹38.38 Cr exceeded exports of ₹32.51 Cr, resulting in a trade deficit of ₹5.87 Crore — ranking #8707 of 12657 by surplus magnitude.
India's imports under HSN Code 83062990 have grown at 4.27% CAGR, reaching ₹38.38 Crore in FY 2024-25.
Among the 8 HSN codes under Sub-Chapter 8306, HSN Code 83062990 ranks #3 by export value — accounting for 11.80% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 50.33% share (rank #1).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 83062990 and GST compliance.
It includes High Tenacity Yarn Of Polyesters | Other
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 83062990, Statuettes and other ornaments : Other : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.