--- title: "HSN Code for Magnetic Media| Other| Other | HSN 85232990 GST Rate" description: "Find HSN and GST Rates for 85232990 related to Magnetic Media| Other| Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-85232990/" --- # HSN Code 85232990: Magnetic Media| Other| Other - [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: Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 85232990 ? It includes Optical media: Unrecorded: Other ### Can we claim ITC on inputs used to trade Magnetic Media/ Other/ Other? 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 Magnetic Media/ Other/ Other? 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 Magnetic Media/ Other/ Other? Under HSN 85232990, Magnetic Media/ Other/ Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Magnetic Media/ Other/ Other? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Magnetic Media/ Other/ Other 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/ Other; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Magnetic Media/ Other/ Other? 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. ## India's trade performance: HSN Code 85232990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+160.32% YoY) — 0.0000% of India's total exports - Imports: ₹17 Cr (−16.10% YoY) — 0.0003% of India's total imports - Trade balance: −₹15 Cr (Deficit); surplus rank #9362 of 12657 HSN codes - Share of Sub-Chapter 8523: 0.09% of its exports; import side 0.16% - Rank within Sub-Chapter 8523: #14 of 69 by export value; import-side #11 ### Key metrics - Export CAGR: -48.98% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7778 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +160.32% in FY 2024-25 - Contribution to Sub-Ch. 8523: 0.09% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 85232990 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 | 92.94 | 0.0041% | — | 4.67% | 16.47 | 0.0005% | — | 0.17% | +76.47 | #2102 | | FY 2019-20 | 19.69 | 0.0009% | −78.81% | 1.32% | 32.15 | 0.0010% | +95.20% | 0.35% | −12.46 | #4132 | | FY 2020-21 | 15.33 | 0.0007% | −22.14% | 0.96% | 10.26 | 0.0004% | −68.09% | 0.20% | +5.07 | #4548 | | FY 2021-22 | 9.71 | 0.0003% | −36.66% | 0.29% | 16.74 | 0.0004% | +63.16% | 0.18% | −7.03 | #5517 | | FY 2022-23 | 1.29 | 0.0000% | −86.71% | 0.03% | 17.43 | 0.0003% | +4.12% | 0.15% | −16.14 | #7871 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −51.16% | 0.04% | 20.12 | 0.0004% | +15.43% | 0.23% | −19.49 | #8620 | | FY 2024-25 | 1.64 | 0.0000% | +160.32% | 0.09% | 16.88 | 0.0003% | −16.10% | 0.16% | −15.24 | #7778 | - CAGR (7-year): exports -48.98%/yr, imports 0.41%/yr (consistently Deficit) ## Key trade insights: HSN Code 85232990 export-import analysis ### Export decline: -48.98% CAGR over 7 years India's exports under HSN Code 85232990 have declined at a compound annual rate of -48.98% over 7 fiscal years, falling from ₹92.94 Crore in FY 2018-19 to ₹1.64 Crore in FY 2024-25. ### HSN Code 85232990 ranked #7778 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 85232990 ranks #7778 out of 12657 HSN codes by total export value. Within Sub-Chapter 8523, it ranks #14 of 69. By trade surplus, it ranks #9362 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 85232990 exports The strongest single-year export movement for HSN Code 85232990 was recorded in FY 2024-25, when exports surged by 160.32% over the prior year. ### India records a trade deficit of ₹15.24 Crore in HSN Code 85232990 goods In FY 2024-25, India's imports of ₹16.88 Cr exceeded exports of ₹1.64 Cr, resulting in a trade deficit of ₹15.24 Crore — ranking #9362 of 12657 by surplus magnitude. ### Import growth of 0.41% CAGR signals stable import dependency for Magnetic Media| Other| Other India's imports under HSN Code 85232990 have grown at 0.41% CAGR, reaching ₹16.88 Crore in FY 2024-25. ### HSN Code 85232990 contributes 0.09% of Sub-Chapter 8523 exports — ranked #14 Among the 69 HSN codes under Sub-Chapter 8523, HSN Code 85232990 ranks #14 by export value — accounting for 0.09% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.16% share (rank #11). ## 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 | | #14 | HSN Code 85232990: Magnetic Media\| Other\| Other (this hsn code) | ₹2 Cr |