HSN Code 94031010: Office Metal Furniture (Steel)

HSN Code 94031010 represents Office Metal Furniture (Steel) under GST classification. This code helps businesses identify Office Metal Furniture (Steel) correctly for billing, taxation, and trade. With HSN Code 94031010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Office Metal Furniture (Steel).

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Description of Goods for HSN Code 94031010

HSN Code 94031010 relates to the following description.

Description of Goods

Metal furniture of a kind used in offices : Of steel

Chapter

94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishing; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated building

Sub Chapter

9403 - Other furniture and parts thereof

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 94031010 not include?

Office Metal Furniture (Steel) does not include products with the following descriptions.

Other furniture and parts thereof - furniture of other materials, including cane, osier, bamboo or similar materials: furniture of wicker work or bamboo

Other furniture and parts thereof - furniture of other materials, including cane, osier, bamboo or similar materials: other

Other furniture and parts thereof - furniture of other materials, including cane, osier, bamboo or similar materials: of bamboo or rattan

Furniture of other materials, including cane, osier, bamboo or similar materials : Of bamboo

Furniture of other materials, including cane, osier, bamboo or similar materials : Of rattan

Furniture of other materials, including cane, osier, bamboo or similar materials : Of cane

Furniture of other materials, including cane, osier, bamboo or similar materials : Other

India’s Trade Performance — HSN Code 94031010 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

₹143 Cr

+3.60% vs FY 2023-24

0.0039% of India’s total exports

India’s Imports

FY 2024-25

₹24 Cr

−15.34% vs FY 2023-24

0.0004% of India’s total imports

Trade Balance

FY 2024-25

₹119 Cr

Trade Surplus

Surplus rank #1488 of 12657 HSN codes

% of Sub-Chapter 9403

FY 2024-25

1.41%

Share of Sub-Chapter 9403’s total exports in FY 2024-25

Import side: 0.59% of Sub-Chapter 9403’s imports

Rank Within Sub-Chapter 9403

FY 2024-25

#9 of 20

Position by export value among HSN codes in Sub-Chapter 9403

Import-side rank: #13 of 20

At a glance

30.90%

Export CAGR

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

#2220

National Export Rank

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

+117.92%

Peak Growth Year

FY 2019-20 · strongest single-year move

1.41%

Contribution to Sub-Ch. 9403

Share of Sub-Chapter 9403 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 94031010

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 #3641

Balance

+7.59

Exports

28.40 ₹ Cr

0.0012% share

YoY

0.50% of Sub-Ch. 9403

Imports

20.81 ₹ Cr

0.0006% share

YoY

0.49% of Sub-Ch. 9403

FY 2019-20 Exp. Rank #2600

Balance

+37.45

Exports

61.89 ₹ Cr

0.0028% share

+117.92% YoY

0.97% of Sub-Ch. 9403

Imports

24.44 ₹ Cr

0.0007% share

+17.44% YoY

0.63% of Sub-Ch. 9403

FY 2020-21 Exp. Rank #2801

Balance

+32.93

Exports

54.62 ₹ Cr

0.0025% share

−11.75% YoY

0.71% of Sub-Ch. 9403

Imports

21.69 ₹ Cr

0.0007% share

−11.25% YoY

0.87% of Sub-Ch. 9403

FY 2021-22 Exp. Rank #2405

Balance

+90.46

Exports

100.61 ₹ Cr

0.0032% share

+84.20% YoY

0.95% of Sub-Ch. 9403

Imports

10.15 ₹ Cr

0.0002% share

−53.20% YoY

0.35% of Sub-Ch. 9403

FY 2022-23 Exp. Rank #2223

Balance

+103.70

Exports

128.85 ₹ Cr

0.0036% share

+28.07% YoY

1.38% of Sub-Ch. 9403

Imports

25.15 ₹ Cr

0.0004% share

+147.78% YoY

0.71% of Sub-Ch. 9403

FY 2023-24 Exp. Rank #2209

Balance

+109.23

Exports

137.92 ₹ Cr

0.0038% share

+7.04% YoY

1.41% of Sub-Ch. 9403

Imports

28.69 ₹ Cr

0.0005% share

+14.08% YoY

0.77% of Sub-Ch. 9403

FY 2024-25 Exp. Rank #2220

Balance

+118.60

Exports

142.89 ₹ Cr

0.0039% share

+3.60% YoY

1.41% of Sub-Ch. 9403

Imports

24.29 ₹ Cr

0.0004% share

−15.34% YoY

0.59% of Sub-Ch. 9403

CAGR · 7-Year

Exports

30.90% /yr

Imports

2.61% /yr

Consistently Surplus
Sub-Chapter 9403 total

reference, FY 2024-25

Export

₹10,126.57 Cr

Import

₹4,150.84 Cr

Trade Balance

+5,975.73

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

Key Trade Insights: HSN Code 94031010 Export-Import Analysis

Consistent Export Growth: 30.90% CAGR Over 7 Years

India's exports under HSN Code 94031010 have grown at a compound annual rate of 30.90% over 7 fiscal years, rising from ₹28.40 Crore in FY 2018-19 to ₹142.89 Crore in FY 2024-25.

HSN Code 94031010 Ranked #2220 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 94031010 ranks #2220 out of 12657 HSN codes by total export value. Within Sub-Chapter 9403, it ranks #9 of 20. By trade surplus, it ranks #1488 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 94031010 Exports

The strongest single-year export movement for HSN Code 94031010 was recorded in FY 2019-20, when exports surged by 117.92% over the prior year.

India Maintains a Trade Surplus of ₹118.60 Crore in HSN Code 94031010 Goods

In FY 2024-25, India's exports of ₹142.89 Cr exceeded imports of ₹24.29 Cr, resulting in a trade surplus of ₹118.60 Crore — ranking #1488 of 12657 by surplus magnitude.

Import Growth of 2.61% CAGR Signals Stable Import Dependency for Office Metal Furniture (Steel)

India's imports under HSN Code 94031010 have grown at 2.61% CAGR, reaching ₹24.29 Crore in FY 2024-25.

HSN Code 94031010 Contributes 1.41% of Sub-Chapter 9403 Exports — Ranked #9

Among the 20 HSN codes under Sub-Chapter 9403, HSN Code 94031010 ranks #9 by export value — accounting for 1.41% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.59% share (rank #13).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 94031010 and GST compliance.

What products are classified under HSN 94031010 ?

It includes Wooden bedroom furniture

How should mixed supplies be billed when Office Metal Furniture (Steel) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Office Metal Furniture (Steel); Nil for exempt items if applicable).

Any common misclassification issue with Office Metal Furniture (Steel)?

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

Do e‑way bill and e‑invoice apply for Office Metal Furniture (Steel)?

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 Office Metal Furniture (Steel)?

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 Office Metal Furniture (Steel)?

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.

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.