--- title: "HSN Code for Liquid Crystal/Light Emitting Diode Indicator Panels | HSN 85312000 GST Rate" description: "Find HSN and GST Rates for 85312000 related to Liquid Crystal/Light Emitting Diode Indicator Panels with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-85312000/" --- # HSN Code 85312000: Liquid Crystal/Light Emitting Diode Indicator Panels - [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 8531: Electric Signaling Apparatus](https://busy.in/hsn/sub-chapter-8531/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LED) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 85312000 ? It includes Ceramic dielectric, multilayer capacitors ### Do e‑way bill and e‑invoice apply for Liquid Crystal/Light Emitting Diode Indicator Panels? 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. ### Can we claim ITC on inputs used to trade Liquid Crystal/Light Emitting Diode Indicator Panels? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Liquid Crystal/Light Emitting Diode Indicator Panels? Under HSN 85312000, Liquid Crystal/Light Emitting Diode Indicator Panels attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Liquid Crystal/Light Emitting Diode Indicator Panels? 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 Liquid Crystal/Light Emitting Diode Indicator Panels is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Liquid Crystal/Light Emitting Diode Indicator Panels; Nil for exempt items if applicable). ### Any common misclassification issue with Liquid Crystal/Light Emitting Diode Indicator Panels? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 85312000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹67 Cr (−42.16% YoY) — 0.0018% of India's total exports - Imports: ₹315 Cr (−27.12% YoY) — 0.0052% of India's total imports - Trade balance: −₹247 Cr (Deficit); surplus rank #11470 of 12657 HSN codes - Share of Sub-Chapter 8531: 8.90% of its exports; import side 13.54% - Rank within Sub-Chapter 8531: #5 of 6 by export value; import-side #4 ### Key metrics - Export CAGR: 8.89% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3207 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +137.93% in FY 2022-23 - Contribution to Sub-Ch. 8531: 8.90% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 85312000 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. 8531 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8531 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 40.42 | 0.0018% | — | 10.33% | 259.98 | 0.0073% | — | 17.05% | −219.56 | #3184 | | FY 2019-20 | 34.51 | 0.0016% | −14.62% | 7.67% | 246.09 | 0.0074% | −5.34% | 16.73% | −211.58 | #3403 | | FY 2020-21 | 27.26 | 0.0013% | −21.01% | 7.34% | 227.76 | 0.0078% | −7.45% | 19.41% | −200.50 | #3787 | | FY 2021-22 | 22.57 | 0.0007% | −17.20% | 5.48% | 330.33 | 0.0072% | +45.03% | 21.31% | −307.76 | #4433 | | FY 2022-23 | 53.70 | 0.0015% | +137.93% | 9.58% | 463.53 | 0.0081% | +40.32% | 20.70% | −409.83 | #3384 | | FY 2023-24 | 116.52 | 0.0032% | +116.98% | 16.44% | 431.64 | 0.0077% | −6.88% | 18.41% | −315.12 | #2385 | | FY 2024-25 | 67.39 | 0.0018% | −42.16% | 8.90% | 314.58 | 0.0052% | −27.12% | 13.54% | −247.19 | #3207 | - CAGR (7-year): exports 8.89%/yr, imports 3.23%/yr (consistently Deficit) ## Key trade insights: HSN Code 85312000 export-import analysis ### Consistent export growth: 8.89% CAGR over 7 years India's exports under HSN Code 85312000 have grown at a compound annual rate of 8.89% over 7 fiscal years, rising from ₹40.42 Crore in FY 2018-19 to ₹67.39 Crore in FY 2024-25. ### HSN Code 85312000 ranked #3207 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 85312000 ranks #3207 out of 12657 HSN codes by total export value. Within Sub-Chapter 8531, it ranks #5 of 6. By trade surplus, it ranks #11470 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 85312000 exports The strongest single-year export movement for HSN Code 85312000 was recorded in FY 2022-23, when exports surged by 137.93% over the prior year. ### India records a trade deficit of ₹247.19 Crore in HSN Code 85312000 goods In FY 2024-25, India's imports of ₹314.58 Cr exceeded exports of ₹67.39 Cr, resulting in a trade deficit of ₹247.19 Crore — ranking #11470 of 12657 by surplus magnitude. ### Import growth of 3.23% CAGR signals stable import dependency for Liquid Crystal/Light Emitting Diode Indicator Panels India's imports under HSN Code 85312000 have grown at 3.23% CAGR, reaching ₹314.58 Crore in FY 2024-25. ### HSN Code 85312000 contributes 8.90% of Sub-Chapter 8531 exports — ranked #5 Among the 6 HSN codes under Sub-Chapter 8531, HSN Code 85312000 ranks #5 by export value — accounting for 8.90% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 13.54% share (rank #4). ## Related HSN Codes in Sub-Chapter 8531 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 85319000: Other Electrical Control Panels](https://busy.in/hsn/hsn-85319000/) | ₹266 Cr | | #2 | [HSN Code 85318000: Other Apparatus](https://busy.in/hsn/hsn-85318000/) | ₹167 Cr | | #3 | [HSN Code 85311090: Fire alarms](https://busy.in/hsn/hsn-85311090/) | ₹160 Cr | | #4 | [HSN Code 85311020: Fire alarm systems](https://busy.in/hsn/hsn-85311020/) | ₹84 Cr | | #5 | HSN Code 85312000: Liquid Crystal/Light Emitting Diode Indicator Panels (this hsn code) | ₹67 Cr | | #6 | [HSN Code 85311010: Burglar alarm](https://busy.in/hsn/hsn-85311010/) | ₹13 Cr |