HSN Code 92029000: Other String Musical Instruments
HSN Code 92029000 represents Other String Musical Instruments under GST classification. This code helps businesses identify Other String Musical Instruments correctly for billing, taxation, and trade. With HSN Code 92029000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other String Musical Instruments .
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Description of Goods for HSN Code 92029000
HSN Code 92029000 relates to the following description.
What does HSN Code 92029000 not include?
Other String Musical Instruments does not include products with the following descriptions.
Played with a bow
Played with a bow
India’s Trade Performance — HSN Code 92029000 in FY 2024-25
India’s Exports
FY 2024-25₹72 Cr
0.0020% of India’s total exports
India’s Imports
FY 2024-25₹104 Cr
0.0017% of India’s total imports
Trade Balance
FY 2024-25−₹32 Cr
Surplus rank #9884 of 12657 HSN codes
% of Sub-Chapter 9202
FY 2024-2597.09%
Share of Sub-Chapter 9202’s total exports in FY 2024-25
Import side: 93.93% of Sub-Chapter 9202’s imports
Rank Within Sub-Chapter 9202
FY 2024-25#1 of 2
Position by export value among HSN codes in Sub-Chapter 9202
Import-side rank: #1 of 2
At a glance
50.18%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#3100
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+287.12%
Peak Growth Year
FY 2021-22 · strongest single-year move
97.09%
Contribution to Sub-Ch. 9202
Share of Sub-Chapter 9202 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−74.52
Exports
6.31 ₹ Cr
0.0003% share
— YoY
76.86% of Sub-Ch. 9202
Imports
80.83 ₹ Cr
0.0023% share
— YoY
90.94% of Sub-Ch. 9202
Balance
−68.40
Exports
4.93 ₹ Cr
0.0002% share
−21.87% YoY
67.35% of Sub-Ch. 9202
Imports
73.33 ₹ Cr
0.0022% share
−9.28% YoY
94.97% of Sub-Ch. 9202
Balance
−76.67
Exports
6.83 ₹ Cr
0.0003% share
+38.54% YoY
81.41% of Sub-Ch. 9202
Imports
83.50 ₹ Cr
0.0029% share
+13.87% YoY
97.01% of Sub-Ch. 9202
Balance
−59.14
Exports
26.44 ₹ Cr
0.0008% share
+287.12% YoY
92.64% of Sub-Ch. 9202
Imports
85.58 ₹ Cr
0.0019% share
+2.49% YoY
98.12% of Sub-Ch. 9202
Balance
−57.32
Exports
24.87 ₹ Cr
0.0007% share
−5.94% YoY
91.94% of Sub-Ch. 9202
Imports
82.19 ₹ Cr
0.0014% share
−3.96% YoY
95.56% of Sub-Ch. 9202
Balance
−29.01
Exports
55.38 ₹ Cr
0.0015% share
+122.68% YoY
97.09% of Sub-Ch. 9202
Imports
84.39 ₹ Cr
0.0015% share
+2.68% YoY
92.73% of Sub-Ch. 9202
Balance
−31.70
Exports
72.40 ₹ Cr
0.0020% share
+30.73% YoY
97.09% of Sub-Ch. 9202
Imports
104.10 ₹ Cr
0.0017% share
+23.36% YoY
93.93% of Sub-Ch. 9202
CAGR · 7-Year
Exports
50.18% /yr
Imports
4.31% /yr
reference, FY 2024-25
Export
₹74.57 Cr
Import
₹110.83 Cr
Trade Balance
−36.26
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 92029000 and GST compliance.
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).