HSN Code 88010020: Balloons

HSN Code 88010020 represents Balloons under GST classification. This code helps businesses identify Balloons correctly for billing, taxation, and trade. With HSN Code 88010020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Balloons.

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Description of Goods for HSN Code 88010020

HSN Code 88010020 relates to the following description.

Description of Goods

Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Balloons

Chapter

88 - Aircraft, spacecraft, and parts thereof

Sub Chapter

8801 - Balloons and dirigibles, gliders, hand gliders and other non-powered aircraft

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 88010020 not include?

Balloons does not include products with the following descriptions.

HSN Code 88010010

Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Gliders and hang gliders

HSN Code 88010090

Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Other

HSN Code 88011000

Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft gliders and hang gliders

HSN Code 88019010

Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft - other: balloons

HSN Code 88019090

Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft - other: other

India’s Trade Performance — HSN Code 88010020 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

−49.46% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹1 Cr

−67.19% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7588 of 12657 HSN codes

% of Sub-Chapter 8801

FY 2024-25

15.55%

Share of Sub-Chapter 8801’s total exports in FY 2024-25

Import side: 70.22% of Sub-Chapter 8801’s imports

Rank Within Sub-Chapter 8801

FY 2024-25

#3 of 6

Position by export value among HSN codes in Sub-Chapter 8801

Import-side rank: #1 of 6

At a glance

−20.41%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#8314

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+82.14%

Peak Growth Year

FY 2022-23 · strongest single-year move

15.55%

Contribution to Sub-Ch. 8801

Share of Sub-Chapter 8801 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6244

Balance

−0.67

Exports

3.66 ₹ Cr

0.0002% share

— YoY

65.95% of Sub-Ch. 8801

Imports

4.33 ₹ Cr

0.0001% share

— YoY

89.83% of Sub-Ch. 8801

FY 2019-20 Exp. Rank #7228

Balance

+1.40

Exports

1.49 ₹ Cr

0.0001% share

−59.29% YoY

82.78% of Sub-Ch. 8801

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−97.92% YoY

2.75% of Sub-Ch. 8801

FY 2020-21 Exp. Rank #8024

Balance

−1.25

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−56.38% YoY

24.44% of Sub-Ch. 8801

Imports

1.90 ₹ Cr

0.0001% share

+2,011.11% YoY

20.95% of Sub-Ch. 8801

FY 2021-22 Exp. Rank #8497

Balance

+0.32

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−13.85% YoY

19.93% of Sub-Ch. 8801

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−87.37% YoY

26.09% of Sub-Ch. 8801

FY 2022-23 Exp. Rank #8082

Balance

+0.23

Exports

1.02 ₹ Cr

0.0000% share

+82.14% YoY

31.97% of Sub-Ch. 8801

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+229.17% YoY

80.61% of Sub-Ch. 8801

FY 2023-24 Exp. Rank #7652

Balance

−1.97

Exports

1.84 ₹ Cr

0.0001% share

+80.39% YoY

38.17% of Sub-Ch. 8801

Imports

3.81 ₹ Cr

0.0001% share

+382.28% YoY

90.28% of Sub-Ch. 8801

FY 2024-25 Exp. Rank #8314

Balance

−0.32

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−49.46% YoY

15.55% of Sub-Ch. 8801

Imports

1.25 ₹ Cr

0.0000% share

−67.19% YoY

70.22% of Sub-Ch. 8801

CAGR · 7-Year

Exports

−20.41% /yr

Imports

−18.70% /yr

Consistently Deficit
Sub-Chapter 8801 total

reference, FY 2024-25

Export

₹5.98 Cr

Import

₹1.78 Cr

Trade Balance

+4.20

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 88010020 and GST compliance.

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.