HSN Code 97040010 represents Used Postal Stamps under GST classification. This code helps businesses identify Used Postal Stamps correctly for billing, taxation, and trade. With HSN Code 97040010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Used Postal Stamps.
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HSN Code 97040010 relates to the following description.
Works of art, collectors' pieces and antiques
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused , other than those of heading 4907
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 : Used postal stamp
2.5%
2.5%
5%
0%
Description of Goods
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 : Used postal stamp
Chapter
97 - Works of art, collectors' pieces and antiques
Sub Chapter
9704 - Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused , other than those of heading 4907
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Used Postal Stamps does not include products with the following descriptions.
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 : Used or unused first-day covers for philatelists
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 : Other
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 : Used or unused first-day covers for philatelists
Postage or revenue stamps, stamp-post marks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907 : Other
India’s Exports
FY 2024-25Nil
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25−< ₹1 Crore
Surplus rank #7847 of 12657 HSN codes
% of Sub-Chapter 9704
FY 2024-250.00%
Share of Sub-Chapter 9704’s total exports in FY 2024-25
Import side: 53.16% of Sub-Chapter 9704’s imports
At a glance
−100.00%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.00%
Contribution to Sub-Ch. 9704
Share of Sub-Chapter 9704 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−0.07
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 9704
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
14.00% of Sub-Ch. 9704
Balance
−0.16
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 9704
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+128.57% YoY
53.33% of Sub-Ch. 9704
Balance
−0.13
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
9.09% of Sub-Ch. 9704
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−12.50% YoY
29.79% of Sub-Ch. 9704
Balance
−0.57
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 9704
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+307.14% YoY
46.72% of Sub-Ch. 9704
Balance
−0.09
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
25.00% of Sub-Ch. 9704
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−82.46% YoY
13.89% of Sub-Ch. 9704
Balance
−1.15
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 9704
Imports
1.15 ₹ Cr
0.0000% share
+1,050.00% YoY
62.84% of Sub-Ch. 9704
Balance
−0.84
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 9704
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−26.96% YoY
53.16% of Sub-Ch. 9704
CAGR · 7-Year
Exports
—
Imports
51.31% /yr
India exported ₹0.00 Crore worth of Used Postal Stamps in FY 2024-25. Multi-year trend data is being compiled for this hsn code.
The strongest single-year export movement for HSN Code 97040010 was recorded in FY 2021-22, when exports declined by 100.00% over the prior year.
In FY 2024-25, India's imports of ₹0.84 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.84 Crore — ranking #7847 of 12657 by surplus magnitude.
India's imports under HSN Code 97040010 have grown at 51.31% CAGR, reaching ₹0.84 Crore in FY 2024-25.
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Clear answers to common queries about HSN Code 97040010 and GST compliance.
It includes Numismatic Collections (>100 Years Old)
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.
Under HSN 97040010, Used Postal Stamps attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Used Postal Stamps; Nil for exempt items if applicable).