HSN Code 92012000: Grand pianos
HSN Code 92012000 represents Grand pianos under GST classification. This code helps businesses identify Grand pianos correctly for billing, taxation, and trade. With HSN Code 92012000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Grand pianos.
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Description of Goods for HSN Code 92012000
HSN Code 92012000 relates to the following description.
What does HSN Code 92012000 not include?
Grand pianos does not include products with the following descriptions.
Upright pianos
Other
India’s Trade Performance — HSN Code 92012000 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹15 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹15 Cr
Surplus rank #9349 of 12657 HSN codes
% of Sub-Chapter 9201
FY 2024-250.87%
Share of Sub-Chapter 9201’s total exports in FY 2024-25
Import side: 48.75% of Sub-Chapter 9201’s imports
Rank Within Sub-Chapter 9201
FY 2024-25#2 of 3
Position by export value among HSN codes in Sub-Chapter 9201
Import-side rank: #1 of 3
At a glance
#10193
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+200.00%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.87%
Contribution to Sub-Ch. 9201
Share of Sub-Chapter 9201 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 92012000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−3.65
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 9201
Imports
3.65 ₹ Cr
0.0001% share
— YoY
26.68% of Sub-Ch. 9201
Balance
−2.46
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
2.68% of Sub-Ch. 9201
Imports
2.53 ₹ Cr
0.0001% share
−30.68% YoY
17.62% of Sub-Ch. 9201
Balance
−5.92
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 9201
Imports
5.92 ₹ Cr
0.0002% share
+133.99% YoY
38.52% of Sub-Ch. 9201
Balance
−5.26
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.68% of Sub-Ch. 9201
Imports
5.28 ₹ Cr
0.0001% share
−10.81% YoY
24.56% of Sub-Ch. 9201
Balance
−9.06
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+200.00% YoY
2.53% of Sub-Ch. 9201
Imports
9.12 ₹ Cr
0.0002% share
+72.73% YoY
38.50% of Sub-Ch. 9201
Balance
−13.59
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 9201
Imports
13.59 ₹ Cr
0.0002% share
+49.01% YoY
50.30% of Sub-Ch. 9201
Balance
−15.01
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.87% of Sub-Ch. 9201
Imports
15.04 ₹ Cr
0.0002% share
+10.67% YoY
48.75% of Sub-Ch. 9201
CAGR · 7-Year
Exports
—
Imports
26.62% /yr
Key Trade Insights: HSN Code 92012000 Export-Import Analysis
Export Snapshot for HSN Code 92012000
India exported ₹0.03 Crore worth of Grand pianos in FY 2024-25. Multi-year trend data is being compiled for this hsn code.
HSN Code 92012000 Ranked #10193 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 92012000 ranks #10193 out of 12657 HSN codes by total export value. Within Sub-Chapter 9201, it ranks #2 of 3. By trade surplus, it ranks #9349 of 12657.
FY 2022-23 Was the Strongest Growth Year for HSN Code 92012000 Exports
The strongest single-year export movement for HSN Code 92012000 was recorded in FY 2022-23, when exports surged by 200.00% over the prior year.
India Records a Trade Deficit of ₹15.01 Crore in HSN Code 92012000 Goods
In FY 2024-25, India's imports of ₹15.04 Cr exceeded exports of ₹0.03 Cr, resulting in a trade deficit of ₹15.01 Crore — ranking #9349 of 12657 by surplus magnitude.
Import Growth of 26.62% CAGR Signals Rising Demand for Grand pianos
India's imports under HSN Code 92012000 have grown at 26.62% CAGR, reaching ₹15.04 Crore in FY 2024-25.
HSN Code 92012000 Contributes 0.87% of Sub-Chapter 9201 Exports — Ranked #2
Among the 3 HSN codes under Sub-Chapter 9201, HSN Code 92012000 ranks #2 by export value — accounting for 0.87% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 48.75% share (rank #1).
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Frequently Asked Questions
Clear answers to common queries about HSN Code 92012000 and GST compliance.
What products are classified under HSN 92012000 ?
It includes Percussion Musical Instruments
How much GST applies to Grand pianos?
Under HSN 92012000, Grand pianos attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with Grand pianos?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
How should mixed supplies be billed when Grand pianos is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Grand pianos; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Grand pianos?
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 Grand pianos?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.