HSN Code 97039020: Other| Of Stone

HSN Code 97039020 represents Other| Of Stone under GST classification. This code helps businesses identify Other| Of Stone correctly for billing, taxation, and trade. With HSN Code 97039020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other| Of Stone.

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Description of Goods for HSN Code 97039020

HSN Code 97039020 relates to the following description.

Description of Goods

Other: Of Stone

Chapter

97 - Works of art, collectors' pieces and antiques

Sub Chapter

9703 - Original sculptures and statuary, in any material

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 97039020 not include?

Other| Of Stone does not include products with the following descriptions.

India’s Trade Performance — HSN Code 97039020 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

₹28 Cr

+216.72% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

+52.63% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹26 Cr

Trade Surplus

Surplus rank #2655 of 12657 HSN codes

% of Sub-Chapter 9703

FY 2024-25

17.94%

Share of Sub-Chapter 9703’s total exports in FY 2024-25

Import side: 1.05% of Sub-Chapter 9703’s imports

Rank Within Sub-Chapter 9703

FY 2024-25

#2 of 9

Position by export value among HSN codes in Sub-Chapter 9703

Import-side rank: #4 of 9

At a glance

#4407

National Export Rank

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

+216.72%

Peak Growth Year

FY 2024-25 · strongest single-year move

17.94%

Contribution to Sub-Ch. 9703

Share of Sub-Chapter 9703 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 97039020

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

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 9703

FY 2022-23 Exp. Rank #6304

Balance

−3.52

Exports

5.74 ₹ Cr

0.0002% share

YoY

7.49% of Sub-Ch. 9703

Imports

9.26 ₹ Cr

0.0002% share

YoY

5.54% of Sub-Ch. 9703

FY 2023-24 Exp. Rank #5860

Balance

+7.07

Exports

8.97 ₹ Cr

0.0002% share

+56.27% YoY

4.42% of Sub-Ch. 9703

Imports

1.90 ₹ Cr

0.0000% share

−79.48% YoY

0.24% of Sub-Ch. 9703

FY 2024-25 Exp. Rank #4407

Balance

+25.51

Exports

28.41 ₹ Cr

0.0008% share

+216.72% YoY

17.94% of Sub-Ch. 9703

Imports

2.90 ₹ Cr

0.0000% share

+52.63% YoY

1.05% of Sub-Ch. 9703

Sub-Chapter 9703 total

reference, FY 2024-25

Export

₹158.40 Cr

Import

₹275.85 Cr

Trade Balance

−117.45

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

Key Trade Insights: HSN Code 97039020 Export-Import Analysis

Export Snapshot for HSN Code 97039020

India exported ₹28.41 Crore worth of Other| Of Stone in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 97039020 Ranked #4407 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 97039020 ranks #4407 out of 12657 HSN codes by total export value. Within Sub-Chapter 9703, it ranks #2 of 9. By trade surplus, it ranks #2655 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 97039020 Exports

The strongest single-year export movement for HSN Code 97039020 was recorded in FY 2024-25, when exports surged by 216.72% over the prior year.

India Maintains a Trade Surplus of ₹25.51 Crore in HSN Code 97039020 Goods

In FY 2024-25, India's exports of ₹28.41 Cr exceeded imports of ₹2.90 Cr, resulting in a trade surplus of ₹25.51 Crore — ranking #2655 of 12657 by surplus magnitude.

HSN Code 97039020 Contributes 17.94% of Sub-Chapter 9703 Exports — Ranked #2

Among the 9 HSN codes under Sub-Chapter 9703, HSN Code 97039020 ranks #2 by export value — accounting for 17.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.05% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 97039020 and GST compliance.

What products are classified under HSN 97039020 ?

It includes Collections of extinct/endangered species

How should mixed supplies be billed when Other/ Of Stone is sold with other items?

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

Do e‑way bill and e‑invoice apply for Other/ Of Stone?

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 Other/ Of Stone?

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/ Of Stone?

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.

Can we claim ITC on inputs used to trade Other/ Of Stone?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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.