HSN Code 94032010: Metal Furniture Of Steel

HSN Code 94032010 represents Metal Furniture Of Steel under GST classification. This code helps businesses identify Metal Furniture Of Steel correctly for billing, taxation, and trade. With HSN Code 94032010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Metal Furniture Of Steel.

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Description of Goods for HSN Code 94032010

HSN Code 94032010 relates to the following description.

Description of Goods

Other metal furniture : 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 94032010 not include?

Metal Furniture Of 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 94032010 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

₹287 Cr

−8.73% vs FY 2023-24

0.0078% of India’s total exports

India’s Imports

FY 2024-25

₹115 Cr

+58.81% vs FY 2023-24

0.0019% of India’s total imports

Trade Balance

FY 2024-25

₹173 Cr

Trade Surplus

Surplus rank #1246 of 12657 HSN codes

% of Sub-Chapter 9403

FY 2024-25

2.84%

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

Import side: 2.76% of Sub-Chapter 9403’s imports

Rank Within Sub-Chapter 9403

FY 2024-25

#5 of 20

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

Import-side rank: #7 of 20

At a glance

4.39%

Export CAGR

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

#1485

National Export Rank

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

+56.64%

Peak Growth Year

FY 2022-23 · strongest single-year move

2.84%

Contribution to Sub-Ch. 9403

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

India Export-Import Trade Statistics for HSN Code 94032010

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 #1228

Balance

+162.39

Exports

222.02 ₹ Cr

0.0097% share

YoY

3.93% of Sub-Ch. 9403

Imports

59.63 ₹ Cr

0.0017% share

YoY

1.41% of Sub-Ch. 9403

FY 2019-20 Exp. Rank #1227

Balance

+173.58

Exports

223.00 ₹ Cr

0.0101% share

+0.44% YoY

3.51% of Sub-Ch. 9403

Imports

49.42 ₹ Cr

0.0015% share

−17.12% YoY

1.28% of Sub-Ch. 9403

FY 2020-21 Exp. Rank #1543

Balance

+111.09

Exports

169.12 ₹ Cr

0.0079% share

−24.16% YoY

2.21% of Sub-Ch. 9403

Imports

58.03 ₹ Cr

0.0020% share

+17.42% YoY

2.33% of Sub-Ch. 9403

FY 2021-22 Exp. Rank #1480

Balance

+171.55

Exports

240.64 ₹ Cr

0.0077% share

+42.29% YoY

2.27% of Sub-Ch. 9403

Imports

69.09 ₹ Cr

0.0015% share

+19.06% YoY

2.40% of Sub-Ch. 9403

FY 2022-23 Exp. Rank #1137

Balance

+275.89

Exports

376.93 ₹ Cr

0.0104% share

+56.64% YoY

4.04% of Sub-Ch. 9403

Imports

101.04 ₹ Cr

0.0018% share

+46.24% YoY

2.86% of Sub-Ch. 9403

FY 2023-24 Exp. Rank #1345

Balance

+242.61

Exports

314.74 ₹ Cr

0.0087% share

−16.50% YoY

3.22% of Sub-Ch. 9403

Imports

72.13 ₹ Cr

0.0013% share

−28.61% YoY

1.94% of Sub-Ch. 9403

FY 2024-25 Exp. Rank #1485

Balance

+172.72

Exports

287.27 ₹ Cr

0.0078% share

−8.73% YoY

2.84% of Sub-Ch. 9403

Imports

114.55 ₹ Cr

0.0019% share

+58.81% YoY

2.76% of Sub-Ch. 9403

CAGR · 7-Year

Exports

4.39% /yr

Imports

11.49% /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 94032010 Export-Import Analysis

Consistent Export Growth: 4.39% CAGR Over 7 Years

India's exports under HSN Code 94032010 have grown at a compound annual rate of 4.39% over 7 fiscal years, rising from ₹222.02 Crore in FY 2018-19 to ₹287.27 Crore in FY 2024-25.

HSN Code 94032010 Ranked #1485 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 94032010 ranks #1485 out of 12657 HSN codes by total export value. Within Sub-Chapter 9403, it ranks #5 of 20. By trade surplus, it ranks #1246 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 94032010 Exports

The strongest single-year export movement for HSN Code 94032010 was recorded in FY 2022-23, when exports surged by 56.64% over the prior year.

India Maintains a Trade Surplus of ₹172.72 Crore in HSN Code 94032010 Goods

In FY 2024-25, India's exports of ₹287.27 Cr exceeded imports of ₹114.55 Cr, resulting in a trade surplus of ₹172.72 Crore — ranking #1246 of 12657 by surplus magnitude.

Import Growth of 11.49% CAGR Signals Rising Demand for Metal Furniture Of Steel

India's imports under HSN Code 94032010 have grown at 11.49% CAGR, reaching ₹114.55 Crore in FY 2024-25.

HSN Code 94032010 Contributes 2.84% of Sub-Chapter 9403 Exports — Ranked #5

Among the 20 HSN codes under Sub-Chapter 9403, HSN Code 94032010 ranks #5 by export value — accounting for 2.84% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.76% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 94032010 and GST compliance.

What products are classified under HSN 94032010 ?

It includes Plastic furniture

Do e‑way bill and e‑invoice apply for Metal Furniture Of 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.

Any common misclassification issue with Metal Furniture Of Steel?

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

How much GST applies to Metal Furniture Of Steel?

Under HSN 94032010, Metal Furniture Of Steel attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Metal Furniture Of Steel?

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 Metal Furniture Of Steel is sold with other items?

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

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.