HSN Code 97040020: Used/Unused First-Day Covers

HSN Code 97040020 represents Used/Unused First-Day Covers under GST classification. This code helps businesses identify Used/Unused First-Day Covers correctly for billing, taxation, and trade. With HSN Code 97040020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Used/Unused First-Day Covers.

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Description of Goods for HSN Code 97040020

HSN Code 97040020 relates to the following description.

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 or unused first-day covers for philatelists

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%

What does HSN Code 97040020 not include?

Used/Unused First-Day Covers does not include products with the following descriptions.

HSN Code 97040010

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

HSN Code 97040090

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 Trade Performance — HSN Code 97040020 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

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+80.65% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7727 of 12657 HSN codes

% of Sub-Chapter 9704

FY 2024-25

0.00%

Share of Sub-Chapter 9704’s total exports in FY 2024-25

Import side: 35.44% of Sub-Chapter 9704’s imports

At a glance

−100.00%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.00%

Contribution to Sub-Ch. 9704

Share of Sub-Chapter 9704 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 97040020

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. 9704

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 9704

FY 2019-20

Balance

−0.05

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 9704

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

16.67% of Sub-Ch. 9704

FY 2020-21

Balance

−0.31

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 9704

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+520.00% YoY

65.96% of Sub-Ch. 9704

FY 2021-22 Exp. Rank #10198

Balance

−0.35

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

4.17% of Sub-Ch. 9704

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+16.13% YoY

29.51% of Sub-Ch. 9704

FY 2022-23

Balance

−0.40

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 9704

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+11.11% YoY

55.56% of Sub-Ch. 9704

FY 2023-24

Balance

−0.31

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 9704

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−22.50% YoY

16.94% of Sub-Ch. 9704

FY 2024-25

Balance

−0.56

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 9704

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+80.65% YoY

35.44% of Sub-Ch. 9704

Sub-Chapter 9704 total

reference, FY 2024-25

Export

₹0.02 Cr

Import

₹1.58 Cr

Trade Balance

−1.56

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

Key Trade Insights: HSN Code 97040020 Export-Import Analysis

Export Snapshot for HSN Code 97040020

India exported ₹0.00 Crore worth of Used/Unused First-Day Covers in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2022-23 Was the Strongest Growth Year for HSN Code 97040020 Exports

The strongest single-year export movement for HSN Code 97040020 was recorded in FY 2022-23, when exports declined by 100.00% over the prior year.

India Records a Trade Deficit of ₹0.56 Crore in HSN Code 97040020 Goods

In FY 2024-25, India's imports of ₹0.56 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.56 Crore — ranking #7727 of 12657 by surplus magnitude.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 97040020 and GST compliance.

What products are classified under HSN 97040020 ?

It includes Of An Age Exceeding 250 Years

How much GST applies to Used/Unused First-Day Covers?

Under HSN 97040020, Used/Unused First-Day Covers attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Used/Unused First-Day Covers is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Used/Unused First-Day Covers; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Used/Unused First-Day Covers?

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

Do e‑way bill and e‑invoice apply for Used/Unused First-Day Covers?

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.

Does packaging or labelling change the GST for Used/Unused First-Day Covers?

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.