--- title: "HSN Code for Balloons | HSN 88010020 GST Rate" description: "Find HSN and GST Rates for 88010020 related to Balloons with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-88010020/" --- # HSN Code 88010020: Balloons - [Section 17: Guide to HSN Section 17](https://busy.in/hsn/section-17/) - [Chapter 88: Aircraft, Spacecraft, Its Parts](https://busy.in/hsn/chapter-88/) - [Sub-chapter 8801: Non-powered aircraft](https://busy.in/hsn/sub-chapter-8801/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Balloons | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 88010020 ? It includes Spacecraft & Launch Vehicles: Satellites & Suborbital Vehicles ### Do e‑way bill and e‑invoice apply for Balloons? 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 Balloons? Under HSN 88010020, Balloons attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Balloons is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Balloons; Nil for exempt items if applicable). ### Any common misclassification issue with Balloons? 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 Balloons? 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 88010020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−49.46% YoY) — 0.0000% of India's total exports - Imports: ₹1 Cr (−67.19% YoY) — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7588 of 12657 HSN codes - Share of Sub-Chapter 8801: 15.55% of its exports; import side 70.22% - Rank within Sub-Chapter 8801: #3 of 6 by export value; import-side #1 ### Key metrics - Export CAGR: -20.41% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8314 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +82.14% in FY 2022-23 - Contribution to Sub-Ch. 8801: 15.55% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 88010020 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. 8801 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8801 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3.66 | 0.0002% | — | 65.95% | 4.33 | 0.0001% | — | 89.83% | −0.67 | #6244 | | FY 2019-20 | 1.49 | 0.0001% | −59.29% | 82.78% | < ₹1 Crore | 0.0000% | −97.92% | 2.75% | +1.40 | #7228 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −56.38% | 24.44% | 1.90 | 0.0001% | +2,011.11% | 20.95% | −1.25 | #8024 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −13.85% | 19.93% | < ₹1 Crore | 0.0000% | −87.37% | 26.09% | +0.32 | #8497 | | FY 2022-23 | 1.02 | 0.0000% | +82.14% | 31.97% | < ₹1 Crore | 0.0000% | +229.17% | 80.61% | +0.23 | #8082 | | FY 2023-24 | 1.84 | 0.0001% | +80.39% | 38.17% | 3.81 | 0.0001% | +382.28% | 90.28% | −1.97 | #7652 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −49.46% | 15.55% | 1.25 | 0.0000% | −67.19% | 70.22% | −0.32 | #8314 | - CAGR (7-year): exports -20.41%/yr, imports -18.70%/yr (consistently Deficit) ## Key trade insights: HSN Code 88010020 export-import analysis ### Export decline: -20.41% CAGR over 7 years India's exports under HSN Code 88010020 have declined at a compound annual rate of -20.41% over 7 fiscal years, falling from ₹3.66 Crore in FY 2018-19 to ₹0.93 Crore in FY 2024-25. ### HSN Code 88010020 ranked #8314 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 88010020 ranks #8314 out of 12657 HSN codes by total export value. Within Sub-Chapter 8801, it ranks #3 of 6. By trade surplus, it ranks #7588 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 88010020 exports The strongest single-year export movement for HSN Code 88010020 was recorded in FY 2022-23, when exports surged by 82.14% over the prior year. ### India records a trade deficit of ₹0.32 Crore in HSN Code 88010020 goods In FY 2024-25, India's imports of ₹1.25 Cr exceeded exports of ₹0.93 Cr, resulting in a trade deficit of ₹0.32 Crore — ranking #7588 of 12657 by surplus magnitude. ### Import growth of -18.70% CAGR signals stable import dependency for Balloons India's imports under HSN Code 88010020 have grown at -18.70% CAGR, reaching ₹1.25 Crore in FY 2024-25. ### HSN Code 88010020 contributes 15.55% of Sub-Chapter 8801 exports — ranked #3 Among the 6 HSN codes under Sub-Chapter 8801, HSN Code 88010020 ranks #3 by export value — accounting for 15.55% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 70.22% share (rank #1). ## Related HSN Codes in Sub-Chapter 8801 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 88010010: Balloons, Dirigibles, and Non-Powered Aircraft](https://busy.in/hsn/hsn-88010010/) | ₹3 Cr | | #2 | [HSN Code 88010090: Other Non-Powered Aircraft](https://busy.in/hsn/hsn-88010090/) | ₹2 Cr | | #3 | HSN Code 88010020: Balloons (this hsn code) | < ₹1 Crore | | — | [HSN Code 88011000: Balloons (Non-Powered Aircraft)](https://busy.in/hsn/hsn-88011000/) | — | | — | [HSN Code 88019010: Other Non-Powered Aircraft](https://busy.in/hsn/hsn-88019010/) | — | | — | [HSN Code 88019090: Inflatable Yachts/Pleasure Vessels](https://busy.in/hsn/hsn-88019090/) | — |