--- title: "HSN Code for Electronic integrated circuits: Memories | HSN 85423200 GST Rate" description: "Find HSN and GST Rates for 85423200 related to Electronic integrated circuits: Memories with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-85423200/" --- # HSN Code 85423200: Electronic integrated circuits: Memories - [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 8542: Electronic integrated circuits](https://busy.in/hsn/sub-chapter-8542/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Electronic integrated circuits: Memories | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 85423200 ? It includes Particle accelerators: Other including cyclotrons ### How much GST applies to Electronic integrated circuits: Memories? Under HSN 85423200, Electronic integrated circuits: Memories attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Electronic integrated circuits: Memories? 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. ### Any common misclassification issue with Electronic integrated circuits: Memories? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Electronic integrated circuits: Memories? 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 Electronic integrated circuits: Memories is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Electronic integrated circuits: Memories; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Electronic integrated circuits: Memories? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 85423200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹294 Cr (+96.63% YoY) — 0.0080% of India's total exports - Imports: ₹37,480 Cr (+28.11% YoY) — 0.6169% of India's total imports - Trade balance: −₹37,186 Cr (Deficit); surplus rank #12642 of 12657 HSN codes - Share of Sub-Chapter 8542: 13.69% of its exports; import side 17.97% - Rank within Sub-Chapter 8542: #2 of 13 by export value; import-side #3 ### Key metrics - Export CAGR: 21.99% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1467 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +185.63% in FY 2020-21 - Contribution to Sub-Ch. 8542: 13.69% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 85423200 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. 8542 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8542 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 89.28 | 0.0039% | — | 5.03% | 13,181.49 | 0.3677% | — | 21.44% | −13,092.21 | #2146 | | FY 2019-20 | 48.21 | 0.0022% | −46.00% | 2.75% | 9,912.63 | 0.2961% | −24.80% | 13.85% | −9,864.42 | #2926 | | FY 2020-21 | 137.70 | 0.0064% | +185.63% | 6.67% | 6,727.70 | 0.2309% | −32.13% | 9.97% | −6,590.00 | #1742 | | FY 2021-22 | 363.87 | 0.0116% | +164.25% | 11.18% | 20,710.56 | 0.4531% | +207.84% | 20.36% | −20,346.69 | #1114 | | FY 2022-23 | 364.64 | 0.0101% | +0.21% | 11.32% | 22,845.29 | 0.3974% | +10.31% | 17.61% | −22,480.65 | #1168 | | FY 2023-24 | 149.66 | 0.0041% | −58.96% | 7.87% | 29,255.49 | 0.5209% | +28.06% | 17.06% | −29,105.83 | #2107 | | FY 2024-25 | 294.28 | 0.0080% | +96.63% | 13.69% | 37,480.14 | 0.6169% | +28.11% | 17.97% | −37,185.86 | #1467 | - CAGR (7-year): exports 21.99%/yr, imports 19.03%/yr (consistently Deficit) ## Key trade insights: HSN Code 85423200 export-import analysis ### Consistent export growth: 21.99% CAGR over 7 years India's exports under HSN Code 85423200 have grown at a compound annual rate of 21.99% over 7 fiscal years, rising from ₹89.28 Crore in FY 2018-19 to ₹294.28 Crore in FY 2024-25. ### HSN Code 85423200 ranked #1467 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 85423200 ranks #1467 out of 12657 HSN codes by total export value. Within Sub-Chapter 8542, it ranks #2 of 13. By trade surplus, it ranks #12642 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 85423200 exports The strongest single-year export movement for HSN Code 85423200 was recorded in FY 2020-21, when exports surged by 185.63% over the prior year. ### India records a trade deficit of ₹37,185.86 Crore in HSN Code 85423200 goods In FY 2024-25, India's imports of ₹37,480.14 Cr exceeded exports of ₹294.28 Cr, resulting in a trade deficit of ₹37,185.86 Crore — ranking #12642 of 12657 by surplus magnitude. ### Import growth of 19.03% CAGR signals rising demand for Electronic integrated circuits: Memories India's imports under HSN Code 85423200 have grown at 19.03% CAGR, reaching ₹37,480.14 Crore in FY 2024-25. ### HSN Code 85423200 contributes 13.69% of Sub-Chapter 8542 exports — ranked #2 Among the 13 HSN codes under Sub-Chapter 8542, HSN Code 85423200 ranks #2 by export value — accounting for 13.69% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 17.97% share (rank #3). ## Related HSN Codes in Sub-Chapter 8542 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 85423100: Electronic integrated circuits: Processors and controllers](https://busy.in/hsn/hsn-85423100/) | ₹1,448 Cr | | #2 | HSN Code 85423200: Electronic integrated circuits: Memories (this hsn code) | ₹294 Cr | | #3 | [HSN Code 85423900: Electrical Insulators](https://busy.in/hsn/hsn-85423900/) | ₹274 Cr | | #4 | [HSN Code 85423300: Integrated Circuits\| Amplifiers](https://busy.in/hsn/hsn-85423300/) | ₹77 Cr | | #5 | [HSN Code 85429000: Other Electrical Insulating Articles](https://busy.in/hsn/hsn-85429000/) | ₹55 Cr | | — | [HSN Code 85421010: Memory Cards (Integrated Circuit)](https://busy.in/hsn/hsn-85421010/) | — | | — | [HSN Code 85421020: Other Integrated Circuit Cards](https://busy.in/hsn/hsn-85421020/) | — | | — | [HSN Code 85421090: Digital Monolithic Integrated Circuits](https://busy.in/hsn/hsn-85421090/) | — | | — | [HSN Code 85422100: Single Integrated Circuit Cards with Optical Strip](https://busy.in/hsn/hsn-85422100/) | — | | — | [HSN Code 85422910: Other Monolithic Integrated Circuits](https://busy.in/hsn/hsn-85422910/) | — |