--- title: "HSN Code for Thermostats for Refrigerating & Air-Conditioning Appliances | HSN 90321010 GST Rate" description: "Find HSN and GST Rates for 90321010 related to Thermostats for Refrigerating & Air-Conditioning Appliances with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-90321010/" --- # HSN Code 90321010: Thermostats for Refrigerating & Air-Conditioning Appliances - [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 9032: Automatic regulating instruments](https://busy.in/hsn/sub-chapter-9032/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Thermostats : For refrigerating and air-conditioning appliances and machinery | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 90321010 ? It includes Parts And Accessories ### Can we claim ITC on inputs used to trade Thermostats for Refrigerating & Air-Conditioning Appliances? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Thermostats for Refrigerating & Air-Conditioning Appliances is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Thermostats for Refrigerating & Air-Conditioning Appliances; Nil for exempt items if applicable). ### Any common misclassification issue with Thermostats for Refrigerating & Air-Conditioning Appliances? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Thermostats for Refrigerating & Air-Conditioning Appliances? 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 Thermostats for Refrigerating & Air-Conditioning Appliances? Under HSN 90321010, Thermostats for Refrigerating & Air-Conditioning Appliances attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 90321010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹42 Cr (−12.80% YoY) — 0.0011% of India's total exports - Imports: ₹127 Cr (+36.89% YoY) — 0.0021% of India's total imports - Trade balance: −₹84 Cr (Deficit); surplus rank #10666 of 12657 HSN codes - Share of Sub-Chapter 9032: 1.32% of its exports; import side 1.39% - Rank within Sub-Chapter 9032: #7 of 8 by export value; import-side #7 ### Key metrics - Export CAGR: -0.63% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3855 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +30.45% in FY 2023-24 - Contribution to Sub-Ch. 9032: 1.32% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 90321010 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. 9032 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9032 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 43.87 | 0.0019% | — | 2.34% | 63.40 | 0.0018% | — | 0.97% | −19.53 | #3053 | | FY 2019-20 | 34.09 | 0.0015% | −22.29% | 1.70% | 63.77 | 0.0019% | +0.58% | 1.00% | −29.68 | #3426 | | FY 2020-21 | 31.84 | 0.0015% | −6.60% | 1.58% | 56.27 | 0.0019% | −11.76% | 0.92% | −24.43 | #3569 | | FY 2021-22 | 30.71 | 0.0010% | −3.55% | 1.34% | 52.09 | 0.0011% | −7.43% | 0.76% | −21.38 | #4018 | | FY 2022-23 | 37.14 | 0.0010% | +20.94% | 1.45% | 69.32 | 0.0012% | +33.08% | 0.78% | −32.18 | #3873 | | FY 2023-24 | 48.45 | 0.0013% | +30.45% | 1.58% | 92.47 | 0.0016% | +33.40% | 0.98% | −44.02 | #3583 | | FY 2024-25 | 42.25 | 0.0011% | −12.80% | 1.32% | 126.58 | 0.0021% | +36.89% | 1.39% | −84.33 | #3855 | - CAGR (7-year): exports -0.63%/yr, imports 12.21%/yr (consistently Deficit) ## Key trade insights: HSN Code 90321010 export-import analysis ### Export decline: -0.63% CAGR over 7 years India's exports under HSN Code 90321010 have declined at a compound annual rate of -0.63% over 7 fiscal years, falling from ₹43.87 Crore in FY 2018-19 to ₹42.25 Crore in FY 2024-25. ### HSN Code 90321010 ranked #3855 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 90321010 ranks #3855 out of 12657 HSN codes by total export value. Within Sub-Chapter 9032, it ranks #7 of 8. By trade surplus, it ranks #10666 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 90321010 exports The strongest single-year export movement for HSN Code 90321010 was recorded in FY 2023-24, when exports surged by 30.45% over the prior year. ### India records a trade deficit of ₹84.33 Crore in HSN Code 90321010 goods In FY 2024-25, India's imports of ₹126.58 Cr exceeded exports of ₹42.25 Cr, resulting in a trade deficit of ₹84.33 Crore — ranking #10666 of 12657 by surplus magnitude. ### Import growth of 12.21% CAGR signals rising demand for Thermostats for Refrigerating & Air-Conditioning Appliances India's imports under HSN Code 90321010 have grown at 12.21% CAGR, reaching ₹126.58 Crore in FY 2024-25. ### HSN Code 90321010 contributes 1.32% of Sub-Chapter 9032 exports — ranked #7 Among the 8 HSN codes under Sub-Chapter 9032, HSN Code 90321010 ranks #7 by export value — accounting for 1.32% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.39% share (rank #7). ## Related HSN Codes in Sub-Chapter 9032 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 90328990: Other instruments and apparatus](https://busy.in/hsn/hsn-90328990/) | ₹1,927 Cr | | #2 | [HSN Code 90328910: Electronic Automatic Regulators and Other Instruments](https://busy.in/hsn/hsn-90328910/) | ₹513 Cr | | #3 | [HSN Code 90329000: Parts And Accessories](https://busy.in/hsn/hsn-90329000/) | ₹388 Cr | | #4 | [HSN Code 90328100: Hydraulic/pneumatic instruments](https://busy.in/hsn/hsn-90328100/) | ₹130 Cr | | #5 | [HSN Code 90322010: Manostats for Refrigeration & Air-Conditioning Applications](https://busy.in/hsn/hsn-90322010/) | ₹98 Cr | | #6 | [HSN Code 90321090: Thermostats \| Other](https://busy.in/hsn/hsn-90321090/) | ₹71 Cr | | #7 | HSN Code 90321010: Thermostats for Refrigerating & Air-Conditioning Appliances (this hsn code) | ₹42 Cr | | #8 | [HSN Code 90322090: Manostats \| Other](https://busy.in/hsn/hsn-90322090/) | ₹30 Cr |