--- title: "HSN Code for Optical Elements & Fittings | HSN 90029000 GST Rate" description: "Find HSN and GST Rates for 90029000 related to Optical Elements & Fittings with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-90029000/" --- # HSN Code 90029000: Optical Elements & Fittings - [Section 18: Guide to HSN Section 18](https://busy.in/hsn/section-18/) - [Chapter 90: Optical & Medical Instruments](https://busy.in/hsn/chapter-90/) - [Sub-chapter 9002: Optical elements and fittings](https://busy.in/hsn/sub-chapter-9002/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 90029000 ? It includes Other : Other (those for correcting vision) ### Can we claim ITC on inputs used to trade Optical Elements & Fittings? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Optical Elements & Fittings? 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 Optical Elements & Fittings? Under HSN 90029000, Optical Elements & Fittings attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Optical Elements & Fittings is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Optical Elements & Fittings; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Optical Elements & Fittings? 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. ## India's trade performance: HSN Code 90029000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹78 Cr (−1.56% YoY) — 0.0021% of India's total exports - Imports: ₹232 Cr (+46.20% YoY) — 0.0038% of India's total imports - Trade balance: −₹154 Cr (Deficit); surplus rank #11124 of 12657 HSN codes - Share of Sub-Chapter 9002: 32.98% of its exports; import side 14.74% - Rank within Sub-Chapter 9002: #2 of 4 by export value; import-side #2 ### Key metrics - Export CAGR: 13.56% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3003 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +155.29% in FY 2019-20 - Contribution to Sub-Ch. 9002: 32.98% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 90029000 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. 9002 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9002 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 36.48 | 0.0016% | — | 23.43% | 73.23 | 0.0020% | — | 10.31% | −36.75 | #3313 | | FY 2019-20 | 93.13 | 0.0042% | +155.29% | 50.72% | 87.14 | 0.0026% | +18.99% | 11.98% | +5.99 | #2090 | | FY 2020-21 | 45.78 | 0.0021% | −50.84% | 35.67% | 71.98 | 0.0025% | −17.40% | 9.92% | −26.20 | #3071 | | FY 2021-22 | 42.84 | 0.0014% | −6.42% | 29.89% | 71.17 | 0.0016% | −1.13% | 7.81% | −28.33 | #3581 | | FY 2022-23 | 54.26 | 0.0015% | +26.66% | 31.69% | 100.15 | 0.0017% | +40.72% | 8.39% | −45.89 | #3366 | | FY 2023-24 | 79.47 | 0.0022% | +46.46% | 22.11% | 158.63 | 0.0028% | +58.39% | 10.56% | −79.16 | #2876 | | FY 2024-25 | 78.23 | 0.0021% | −1.56% | 32.98% | 231.92 | 0.0038% | +46.20% | 14.74% | −153.69 | #3003 | - CAGR (7-year): exports 13.56%/yr, imports 21.18%/yr (consistently Deficit) ## Key trade insights: HSN Code 90029000 export-import analysis ### Consistent export growth: 13.56% CAGR over 7 years India's exports under HSN Code 90029000 have grown at a compound annual rate of 13.56% over 7 fiscal years, rising from ₹36.48 Crore in FY 2018-19 to ₹78.23 Crore in FY 2024-25. ### HSN Code 90029000 ranked #3003 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 90029000 ranks #3003 out of 12657 HSN codes by total export value. Within Sub-Chapter 9002, it ranks #2 of 4. By trade surplus, it ranks #11124 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 90029000 exports The strongest single-year export movement for HSN Code 90029000 was recorded in FY 2019-20, when exports surged by 155.29% over the prior year. ### India records a trade deficit of ₹153.69 Crore in HSN Code 90029000 goods In FY 2024-25, India's imports of ₹231.92 Cr exceeded exports of ₹78.23 Cr, resulting in a trade deficit of ₹153.69 Crore — ranking #11124 of 12657 by surplus magnitude. ### Import growth of 21.18% CAGR signals rising demand for Optical Elements & Fittings India's imports under HSN Code 90029000 have grown at 21.18% CAGR, reaching ₹231.92 Crore in FY 2024-25. ### HSN Code 90029000 contributes 32.98% of Sub-Chapter 9002 exports — ranked #2 Among the 4 HSN codes under Sub-Chapter 9002, HSN Code 90029000 ranks #2 by export value — accounting for 32.98% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 14.74% share (rank #2). ## Related HSN Codes in Sub-Chapter 9002 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 90021100: Objective Lenses (Photo/Projector)](https://busy.in/hsn/hsn-90021100/) | ₹131 Cr | | #2 | HSN Code 90029000: Optical Elements & Fittings (this hsn code) | ₹78 Cr | | #3 | [HSN Code 90021900: Objective Lenses \| Other](https://busy.in/hsn/hsn-90021900/) | ₹27 Cr | | #4 | [HSN Code 90022000: Filters](https://busy.in/hsn/hsn-90022000/) | ₹1 Cr |