--- title: "HSN Code for Magnetic media: Other: ¾” and 1” video cassettes | HSN 85232940 GST Rate" description: "Find HSN and GST Rates for 85232940 related to Magnetic media: Other: ¾” and 1” video cassettes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-85232940/" --- # HSN Code 85232940: Magnetic media: Other: ¾” and 1” video cassettes - [Section 16: Guide to HSN Section 16](https://busy.in/hsn/section-16/) - [Chapter 85: Electrical Machinery Equipment](https://busy.in/hsn/chapter-85/) - [Sub-chapter 8523: Recording discs and tapes](https://busy.in/hsn/sub-chapter-8523/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Magnetic media: Other: ¾” and 1” video cassettes | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 85232940 ? It includes Video Monitors & Video Projectors ### Any common misclassification issue with Magnetic media: Other: ¾” and 1” video cassettes? 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 Magnetic media: Other: ¾” and 1” video cassettes? 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 Magnetic media: Other: ¾” and 1” video cassettes is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Magnetic media: Other: ¾” and 1” video cassettes; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Magnetic media: Other: ¾” and 1” video cassettes? 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. ### Do e‑way bill and e‑invoice apply for Magnetic media: Other: ¾” and 1” video cassettes? 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. ## India's trade performance: HSN Code 85232940 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore (−98.15% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7174 of 12657 HSN codes - Share of Sub-Chapter 8523: 0.00% of its exports; import side 0.00% ### Key metrics - Peak growth year: 0.00% in FY 2019-20 - Contribution to Sub-Ch. 8523: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 85232940 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 8523 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8523 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | +0.01 | #9921 | | FY 2019-20 | < ₹1 Crore | 0.0000% | 0.00% | 0.00% | < ₹1 Crore | 0.0000% | — | 0.01% | −0.51 | #9870 | | FY 2020-21 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.02 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.02% | 1.08 | 0.0000% | +5,300.00% | 0.01% | −0.79 | #9199 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | < ₹1 Crore | 0.0000% | −98.15% | 0.00% | −0.02 | — | ## Key trade insights: HSN Code 85232940 export-import analysis ### Export snapshot for HSN Code 85232940 India exported ₹0.00 Crore worth of Magnetic media: Other: ¾” and 1” video cassettes in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2019-20 was the strongest growth year for HSN Code 85232940 exports The strongest single-year export movement for HSN Code 85232940 was recorded in FY 2019-20, when exports surged by 0.00% over the prior year. ### India records a trade deficit of ₹0.02 Crore in HSN Code 85232940 goods In FY 2024-25, India's imports of ₹0.02 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.02 Crore — ranking #7174 of 12657 by surplus magnitude. ## Related HSN Codes in Sub-Chapter 8523 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 85235210: Optical Media\| Smart Cards \| Sim Cards](https://busy.in/hsn/hsn-85235210/) | ₹423 Cr | | #2 | [HSN Code 85235910: Optical media: Other : Proximity cards and tags](https://busy.in/hsn/hsn-85235910/) | ₹366 Cr | | #3 | [HSN Code 85235290: Optical Media\| Smart Cards \| Other](https://busy.in/hsn/hsn-85235290/) | ₹313 Cr | | #4 | [HSN Code 85235100: Solid-state non-volatile storage devices](https://busy.in/hsn/hsn-85235100/) | ₹285 Cr | | #5 | [HSN Code 85238020: IT software: Optical media](https://busy.in/hsn/hsn-85238020/) | ₹220 Cr | | #6 | [HSN Code 85235220: Optical Media\| Memory Cards](https://busy.in/hsn/hsn-85235220/) | ₹48 Cr | | #7 | [HSN Code 85238090: Optical Media\| Other \| Other](https://busy.in/hsn/hsn-85238090/) | ₹34 Cr | | #8 | [HSN Code 85234990: Optical Media\| Other \| Other](https://busy.in/hsn/hsn-85234990/) | ₹30 Cr | | #9 | [HSN Code 85234940: Optical media: Other : DVD](https://busy.in/hsn/hsn-85234940/) | ₹7 Cr | | #10 | [HSN Code 85232100: Magnetic media: Magnetic stripe cards](https://busy.in/hsn/hsn-85232100/) | ₹6 Cr | | — | HSN Code 85232940: Magnetic media: Other: ¾” and 1” video cassettes (this hsn code) | Nil |