HSN Code 85423200 represents Electronic integrated circuits: Memories under GST classification. This code helps businesses identify Electronic integrated circuits: Memories correctly for billing, taxation, and trade. With HSN Code 85423200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Electronic integrated circuits: Memories.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 85423200 relates to the following description.
Description of Goods
Electronic integrated circuits: Memories
Chapter
85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
Sub Chapter
8542 - Electronic integrated circuits
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Electronic integrated circuits: Memories does not include products with the following descriptions.
Electronic integrated circuits and micro-assemblies -cards incorporating an electronic integrated circuit *smarv cards): sim cards
Electronic integrated circuits and micro-assemblies -cards incorporating an electronic integrated circuit *smarv cards): memory cards
Electronic integrated circuits and micro-assemblies -cards incorporating an electronic integrated circuit *smarv cards): other
Electronic integrated circuits and micro-assemblies - monolithic integrated circuits: digital
Electronic integrated circuits and micro-assemblies - monolithic integrated circuits: - other: cards incorporating only a single electronic integrated circuit with optical strip
Electronic integrated circuits and micro-assemblies - monolithic integrated circuits: - other: other
Electronic integrated circuits: Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Electronic integrated circuits: Amplifiers
Other: Other
Electronic integrated circuits and micro-assemblies hybrid integrated circuits
Electronic integrated circuits and micro-assemblies electronic microassemblies
Parts
Electronic integrated circuits and micro-assemblies -cards incorporating an electronic integrated circuit *smarv cards): sim cards
Electronic integrated circuits and micro-assemblies -cards incorporating an electronic integrated circuit *smarv cards): memory cards
Electronic integrated circuits and micro-assemblies -cards incorporating an electronic integrated circuit *smarv cards): other
Electronic integrated circuits and micro-assemblies - monolithic integrated circuits: digital
Electronic integrated circuits and micro-assemblies - monolithic integrated circuits: - other: cards incorporating only a single electronic integrated circuit with optical strip
Electronic integrated circuits and micro-assemblies - monolithic integrated circuits: - other: other
Electronic integrated circuits: Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Electronic integrated circuits: Amplifiers
Other: Other
Electronic integrated circuits and micro-assemblies hybrid integrated circuits
Electronic integrated circuits and micro-assemblies electronic microassemblies
Parts
India’s Exports
FY 2024-25₹294 Cr
0.0080% of India’s total exports
India’s Imports
FY 2024-25₹37,480 Cr
0.6169% of India’s total imports
Trade Balance
FY 2024-25−₹37,186 Cr
Surplus rank #12642 of 12657 HSN codes
% of Sub-Chapter 8542
FY 2024-2513.69%
Share of Sub-Chapter 8542’s total exports in FY 2024-25
Import side: 17.97% of Sub-Chapter 8542’s imports
Rank Within Sub-Chapter 8542
FY 2024-25#2 of 13
Position by export value among HSN codes in Sub-Chapter 8542
Import-side rank: #3 of 13
At a glance
21.99%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1467
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+185.63%
Peak Growth Year
FY 2020-21 · strongest single-year move
13.69%
Contribution to Sub-Ch. 8542
Share of Sub-Chapter 8542 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
−13,092.21
Exports
89.28 ₹ Cr
0.0039% share
— YoY
5.03% of Sub-Ch. 8542
Imports
13,181.49 ₹ Cr
0.3677% share
— YoY
21.44% of Sub-Ch. 8542
Balance
−9,864.42
Exports
48.21 ₹ Cr
0.0022% share
−46.00% YoY
2.75% of Sub-Ch. 8542
Imports
9,912.63 ₹ Cr
0.2961% share
−24.80% YoY
13.85% of Sub-Ch. 8542
Balance
−6,590.00
Exports
137.70 ₹ Cr
0.0064% share
+185.63% YoY
6.67% of Sub-Ch. 8542
Imports
6,727.70 ₹ Cr
0.2309% share
−32.13% YoY
9.97% of Sub-Ch. 8542
Balance
−20,346.69
Exports
363.87 ₹ Cr
0.0116% share
+164.25% YoY
11.18% of Sub-Ch. 8542
Imports
20,710.56 ₹ Cr
0.4531% share
+207.84% YoY
20.36% of Sub-Ch. 8542
Balance
−22,480.65
Exports
364.64 ₹ Cr
0.0101% share
+0.21% YoY
11.32% of Sub-Ch. 8542
Imports
22,845.29 ₹ Cr
0.3974% share
+10.31% YoY
17.61% of Sub-Ch. 8542
Balance
−29,105.83
Exports
149.66 ₹ Cr
0.0041% share
−58.96% YoY
7.87% of Sub-Ch. 8542
Imports
29,255.49 ₹ Cr
0.5209% share
+28.06% YoY
17.06% of Sub-Ch. 8542
Balance
−37,185.86
Exports
294.28 ₹ Cr
0.0080% share
+96.63% YoY
13.69% of Sub-Ch. 8542
Imports
37,480.14 ₹ Cr
0.6169% share
+28.11% YoY
17.97% of Sub-Ch. 8542
CAGR · 7-Year
Exports
21.99% /yr
Imports
19.03% /yr
reference, FY 2024-25
Export
₹2,149.18 Cr
Import
₹2,08,611.71 Cr
Trade Balance
−2,06,462.53
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.
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.
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.
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.
India's imports under HSN Code 85423200 have grown at 19.03% CAGR, reaching ₹37,480.14 Crore in FY 2024-25.
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).
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 85423200 and GST compliance.
It includes Particle accelerators: Other including cyclotrons
Under HSN 85423200, Electronic integrated circuits: Memories attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
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).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.