HSN Code 90321010 represents Thermostats for Refrigerating & Air-Conditioning Appliances under GST classification. This code helps businesses identify Thermostats for Refrigerating & Air-Conditioning Appliances correctly for billing, taxation, and trade. With HSN Code 90321010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Thermostats for Refrigerating & Air-Conditioning Appliances.
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HSN Code 90321010 relates to the following description.
Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
Automatic regulating or controlling instruments and apparatus
Thermostats : For refrigerating and air-conditioning appliances and machinery
9%
9%
18%
0%
Description of Goods
Thermostats : For refrigerating and air-conditioning appliances and machinery
Chapter
90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
Sub Chapter
9032 - Automatic regulating or controlling instruments and apparatus
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Thermostats for Refrigerating & Air-Conditioning Appliances does not include products with the following descriptions.
Thermostats : Other
Manostats : For refrigerating and air-conditioning appliances and machinery
Manostats : Other
Other instruments and apparatus : Hydraulic or pneumatic
Other instruments and apparatus : Other : Electronic automatic regulators
Other instruments and apparatus : Other : Other
Parts and accessories
Thermostats : Other
Manostats : For refrigerating and air-conditioning appliances and machinery
Manostats : Other
Other instruments and apparatus : Hydraulic or pneumatic
Other instruments and apparatus : Other : Electronic automatic regulators
Other instruments and apparatus : Other : Other
Parts and accessories
India’s Exports
FY 2024-25₹42 Cr
0.0011% of India’s total exports
India’s Imports
FY 2024-25₹127 Cr
0.0021% of India’s total imports
Trade Balance
FY 2024-25−₹84 Cr
Surplus rank #10666 of 12657 HSN codes
% of Sub-Chapter 9032
FY 2024-251.32%
Share of Sub-Chapter 9032’s total exports in FY 2024-25
Import side: 1.39% of Sub-Chapter 9032’s imports
Rank Within Sub-Chapter 9032
FY 2024-25#7 of 8
Position by export value among HSN codes in Sub-Chapter 9032
Import-side rank: #7 of 8
At a glance
−0.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3855
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+30.45%
Peak Growth Year
FY 2023-24 · strongest single-year move
1.32%
Contribution to Sub-Ch. 9032
Share of Sub-Chapter 9032 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
−19.53
Exports
43.87 ₹ Cr
0.0019% share
— YoY
2.34% of Sub-Ch. 9032
Imports
63.40 ₹ Cr
0.0018% share
— YoY
0.97% of Sub-Ch. 9032
Balance
−29.68
Exports
34.09 ₹ Cr
0.0015% share
−22.29% YoY
1.70% of Sub-Ch. 9032
Imports
63.77 ₹ Cr
0.0019% share
+0.58% YoY
1.00% of Sub-Ch. 9032
Balance
−24.43
Exports
31.84 ₹ Cr
0.0015% share
−6.60% YoY
1.58% of Sub-Ch. 9032
Imports
56.27 ₹ Cr
0.0019% share
−11.76% YoY
0.92% of Sub-Ch. 9032
Balance
−21.38
Exports
30.71 ₹ Cr
0.0010% share
−3.55% YoY
1.34% of Sub-Ch. 9032
Imports
52.09 ₹ Cr
0.0011% share
−7.43% YoY
0.76% of Sub-Ch. 9032
Balance
−32.18
Exports
37.14 ₹ Cr
0.0010% share
+20.94% YoY
1.45% of Sub-Ch. 9032
Imports
69.32 ₹ Cr
0.0012% share
+33.08% YoY
0.78% of Sub-Ch. 9032
Balance
−44.02
Exports
48.45 ₹ Cr
0.0013% share
+30.45% YoY
1.58% of Sub-Ch. 9032
Imports
92.47 ₹ Cr
0.0016% share
+33.40% YoY
0.98% of Sub-Ch. 9032
Balance
−84.33
Exports
42.25 ₹ Cr
0.0011% share
−12.80% YoY
1.32% of Sub-Ch. 9032
Imports
126.58 ₹ Cr
0.0021% share
+36.89% YoY
1.39% of Sub-Ch. 9032
CAGR · 7-Year
Exports
−0.63% /yr
Imports
12.21% /yr
reference, FY 2024-25
Export
₹3,199.39 Cr
Import
₹9,136.27 Cr
Trade Balance
−5,936.88
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.
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.
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.
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.
India's imports under HSN Code 90321010 have grown at 12.21% CAGR, reaching ₹126.58 Crore in FY 2024-25.
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).
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Clear answers to common queries about HSN Code 90321010 and GST compliance.
It includes Parts And Accessories
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
Under HSN 90321010, Thermostats for Refrigerating & Air-Conditioning Appliances attracts Varies when sold in taxable form. Describe the exact form on the invoice.