--- title: "HSN Code for Other String Musical Instruments | HSN 92029000 GST Rate" description: "Find HSN and GST Rates for 92029000 related to Other String Musical Instruments with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-92029000/" --- # HSN Code 92029000: Other String Musical Instruments - [Section 18: Guide to HSN Section 18](https://busy.in/hsn/section-18/) - [Chapter 92: Musical Instruments, Its Parts](https://busy.in/hsn/chapter-92/) - [Sub-chapter 9202: String musical instruments](https://busy.in/hsn/sub-chapter-9202/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 92029000 ? It includes Musical Boxes ### Any common misclassification issue with Other String Musical Instruments? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Other String Musical Instruments? 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. ### Do e‑way bill and e‑invoice apply for Other String Musical Instruments? 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 String Musical Instruments? 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 Other String Musical Instruments is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other String Musical Instruments; Nil for exempt items if applicable). ## India's trade performance: HSN Code 92029000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹72 Cr (+30.73% YoY) — 0.0020% of India's total exports - Imports: ₹104 Cr (+23.36% YoY) — 0.0017% of India's total imports - Trade balance: −₹32 Cr (Deficit); surplus rank #9884 of 12657 HSN codes - Share of Sub-Chapter 9202: 97.09% of its exports; import side 93.93% - Rank within Sub-Chapter 9202: #1 of 2 by export value; import-side #1 ### Key metrics - Export CAGR: 50.18% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3100 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +287.12% in FY 2021-22 - Contribution to Sub-Ch. 9202: 97.09% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 92029000 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. 9202 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9202 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 6.31 | 0.0003% | — | 76.86% | 80.83 | 0.0023% | — | 90.94% | −74.52 | #5569 | | FY 2019-20 | 4.93 | 0.0002% | −21.87% | 67.35% | 73.33 | 0.0022% | −9.28% | 94.97% | −68.40 | #5874 | | FY 2020-21 | 6.83 | 0.0003% | +38.54% | 81.41% | 83.50 | 0.0029% | +13.87% | 97.01% | −76.67 | #5557 | | FY 2021-22 | 26.44 | 0.0008% | +287.12% | 92.64% | 85.58 | 0.0019% | +2.49% | 98.12% | −59.14 | #4213 | | FY 2022-23 | 24.87 | 0.0007% | −5.94% | 91.94% | 82.19 | 0.0014% | −3.96% | 95.56% | −57.32 | #4407 | | FY 2023-24 | 55.38 | 0.0015% | +122.68% | 97.09% | 84.39 | 0.0015% | +2.68% | 92.73% | −29.01 | #3382 | | FY 2024-25 | 72.40 | 0.0020% | +30.73% | 97.09% | 104.10 | 0.0017% | +23.36% | 93.93% | −31.70 | #3100 | - CAGR (7-year): exports 50.18%/yr, imports 4.31%/yr (consistently Deficit) ## Key trade insights: HSN Code 92029000 export-import analysis ### Consistent export growth: 50.18% CAGR over 7 years India's exports under HSN Code 92029000 have grown at a compound annual rate of 50.18% over 7 fiscal years, rising from ₹6.31 Crore in FY 2018-19 to ₹72.40 Crore in FY 2024-25. ### HSN Code 92029000 ranked #3100 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 92029000 ranks #3100 out of 12657 HSN codes by total export value. Within Sub-Chapter 9202, it ranks #1 of 2. By trade surplus, it ranks #9884 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 92029000 exports The strongest single-year export movement for HSN Code 92029000 was recorded in FY 2021-22, when exports surged by 287.12% over the prior year. ### India records a trade deficit of ₹31.70 Crore in HSN Code 92029000 goods In FY 2024-25, India's imports of ₹104.10 Cr exceeded exports of ₹72.40 Cr, resulting in a trade deficit of ₹31.70 Crore — ranking #9884 of 12657 by surplus magnitude. ### Import growth of 4.31% CAGR signals stable import dependency for Other String Musical Instruments India's imports under HSN Code 92029000 have grown at 4.31% CAGR, reaching ₹104.10 Crore in FY 2024-25. ### HSN Code 92029000 contributes 97.09% of Sub-Chapter 9202 exports — ranked #1 Among the 2 HSN codes under Sub-Chapter 9202, HSN Code 92029000 ranks #1 by export value — accounting for 97.09% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 93.93% share (rank #1). ## Related HSN Codes in Sub-Chapter 9202 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 92029000: Other String Musical Instruments (this hsn code) | ₹72 Cr | | #2 | [HSN Code 92021000: Played With A Bow](https://busy.in/hsn/hsn-92021000/) | ₹2 Cr |