HSN Code 91029120: Other : Electrically operated : Stop watches

HSN Code 91029120 represents Other : Electrically operated : Stop watches under GST classification. This code helps businesses identify Other : Electrically operated : Stop watches correctly for billing, taxation, and trade. With HSN Code 91029120, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other : Electrically operated : Stop watches.

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Description of Goods for HSN Code 91029120

HSN Code 91029120 relates to the following description.

Description of Goods

Other : Electrically operated : Stop watches

Chapter

91 - Clocks and watches and parts thereof

Sub Chapter

9102 - Wrist-watches, pocket-watches and other watches, including stop watches, other than those of heading

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 91029120 not include?

Other : Electrically operated : Stop watches does not include products with the following descriptions.

HSN Code 91021100

WRIST-WATCHES, ELECTRICALLY OPERATED, WHETHER OR NOT incorporating a stop-watch facility : With mechanical display only

HSN Code 91021200

WRIST-WATCHES, ELECTRICALLY OPERATED, WHETHER OR NOT incorporating a stop-watch facility : With opto-electronic display only

HSN Code 91021900

WRIST-WATCHES, ELECTRICALLY OPERATED, WHETHER OR NOT incorporating a stop-watch facility : Other

HSN Code 91022100

Other wrist-watches, whether or not incorporating a stop-watch facility : With automatic winding

HSN Code 91022900

Other wrist-watches, whether or not incorporating a stop-watch facility : Other

India’s Trade Performance — HSN Code 91029120 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 Cr

+130.19% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+15.11% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7623 of 12657 HSN codes

% of Sub-Chapter 9102

FY 2024-25

0.70%

Share of Sub-Chapter 9102’s total exports in FY 2024-25

Import side: 0.05% of Sub-Chapter 9102’s imports

Rank Within Sub-Chapter 9102

FY 2024-25

#6 of 11

Position by export value among HSN codes in Sub-Chapter 9102

Import-side rank: #8 of 11

At a glance

49.33%

Export CAGR

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

#8073

National Export Rank

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

+657.14%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.70%

Contribution to Sub-Ch. 9102

Share of Sub-Chapter 9102 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 91029120

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 #9141

Balance

−0.75

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 9102

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.06% of Sub-Ch. 9102

FY 2019-20 Exp. Rank #8115

Balance

+0.28

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+409.09% YoY

0.25% of Sub-Ch. 9102

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−67.44% YoY

0.02% of Sub-Ch. 9102

FY 2020-21 Exp. Rank #9338

Balance

−0.29

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−85.71% YoY

0.05% of Sub-Ch. 9102

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+32.14% YoY

0.04% of Sub-Ch. 9102

FY 2021-22 Exp. Rank #9031

Balance

−0.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+225.00% YoY

0.11% of Sub-Ch. 9102

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+83.78% YoY

0.04% of Sub-Ch. 9102

FY 2022-23 Exp. Rank #9782

Balance

−0.67

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−73.08% YoY

0.04% of Sub-Ch. 9102

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+8.82% YoY

0.03% of Sub-Ch. 9102

FY 2023-24 Exp. Rank #8755

Balance

−0.86

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+657.14% YoY

0.18% of Sub-Ch. 9102

Imports

1.39 ₹ Cr

0.0000% share

+87.84% YoY

0.05% of Sub-Ch. 9102

FY 2024-25 Exp. Rank #8073

Balance

−0.38

Exports

1.22 ₹ Cr

0.0000% share

+130.19% YoY

0.70% of Sub-Ch. 9102

Imports

1.60 ₹ Cr

0.0000% share

+15.11% YoY

0.05% of Sub-Ch. 9102

CAGR · 7-Year

Exports

49.33% /yr

Imports

10.90% /yr

Consistently Deficit
Sub-Chapter 9102 total

reference, FY 2024-25

Export

₹174.79 Cr

Import

₹3,331.37 Cr

Trade Balance

−3,156.58

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

Key Trade Insights: HSN Code 91029120 Export-Import Analysis

Consistent Export Growth: 49.33% CAGR Over 7 Years

India's exports under HSN Code 91029120 have grown at a compound annual rate of 49.33% over 7 fiscal years, rising from ₹0.11 Crore in FY 2018-19 to ₹1.22 Crore in FY 2024-25.

HSN Code 91029120 Ranked #8073 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 91029120 ranks #8073 out of 12657 HSN codes by total export value. Within Sub-Chapter 9102, it ranks #6 of 11. By trade surplus, it ranks #7623 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 91029120 Exports

The strongest single-year export movement for HSN Code 91029120 was recorded in FY 2023-24, when exports surged by 657.14% over the prior year.

India Records a Trade Deficit of ₹0.38 Crore in HSN Code 91029120 Goods

In FY 2024-25, India's imports of ₹1.60 Cr exceeded exports of ₹1.22 Cr, resulting in a trade deficit of ₹0.38 Crore — ranking #7623 of 12657 by surplus magnitude.

Import Growth of 10.90% CAGR Signals Rising Demand for Other : Electrically operated : Stop watches

India's imports under HSN Code 91029120 have grown at 10.90% CAGR, reaching ₹1.60 Crore in FY 2024-25.

HSN Code 91029120 Contributes 0.70% of Sub-Chapter 9102 Exports — Ranked #6

Among the 11 HSN codes under Sub-Chapter 9102, HSN Code 91029120 ranks #6 by export value — accounting for 0.70% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.05% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 91029120 and GST compliance.

What products are classified under HSN 91029120 ?

It includes Instrument Panel Clocks (Vehicles/Aircraft/Spacecraft/Vessels)

How much GST applies to Other : Electrically operated : Stop watches?

Under HSN 91029120, Other : Electrically operated : Stop watches attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Other : Electrically operated : Stop watches?

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.

Can we claim ITC on inputs used to trade Other : Electrically operated : Stop watches?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Other : Electrically operated : Stop watches?

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.

Any common misclassification issue with Other : Electrically operated : Stop watches?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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.