--- title: "HSN Code for Works of Art, Collectors' Pieces & Antiques | HSN 98049000 GST Rate" description: "Find HSN and GST Rates for 98049000 related to Works of Art, Collectors' Pieces & Antiques with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-98049000/" --- # HSN Code 98049000: Works of Art, Collectors' Pieces & Antiques - [Section 21: Guide to HSN Section 21](https://busy.in/hsn/section-21/) - [Chapter 98: Project Imports & Laboratory Chemicals](https://busy.in/hsn/chapter-98/) - [Sub-chapter 9804: Waste of synthetic fibres](https://busy.in/hsn/sub-chapter-9804/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other | 14% | 14% | 28% | 0% | ## Frequently asked questions ### What products are classified under HSN 98049000 ? It includes Adult/Calf Pure-Bred Breeding Buffaloes ### Does packaging or labelling change the GST for Works of Art, Collectors' Pieces & Antiques? 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. ### How much GST applies to Works of Art, Collectors' Pieces & Antiques? Under HSN 98049000, Works of Art, Collectors' Pieces & Antiques attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Works of Art, Collectors' Pieces & Antiques is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Works of Art, Collectors' Pieces & Antiques; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Works of Art, Collectors' Pieces & Antiques? 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 Works of Art, Collectors' Pieces & Antiques? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 98049000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+140.43% YoY) — 0.0000% of India's total exports - Imports: ₹5 Cr (−46.84% YoY) — 0.0001% of India's total imports - Trade balance: −₹4 Cr (Deficit); surplus rank #8518 of 12657 HSN codes - Share of Sub-Chapter 9804: 73.38% of its exports; import side 86.04% - Rank within Sub-Chapter 9804: #1 of 2 by export value; import-side #1 ### Key metrics - Export CAGR: -8.54% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8150 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +289.12% in FY 2019-20 - Contribution to Sub-Ch. 9804: 73.38% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 98049000 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 9804 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9804 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1.93 | 0.0001% | — | 66.78% | 66.26 | 0.0018% | — | 37.85% | −64.33 | #6985 | | FY 2019-20 | 7.51 | 0.0003% | +289.12% | 65.53% | 17.06 | 0.0005% | −74.25% | 10.29% | −9.55 | #5365 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −94.81% | 60.00% | 27.08 | 0.0009% | +58.73% | 6.49% | −26.69 | #8412 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +153.85% | 87.61% | 40.03 | 0.0009% | +47.82% | 4.90% | −39.04 | #7986 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −52.53% | 83.93% | 46.32 | 0.0008% | +15.71% | 6.32% | −45.85 | #8724 | | FY 2023-24 | < ₹1 Crore | 0.0000% | 0.00% | 92.16% | 9.97 | 0.0002% | −78.48% | 2.59% | −9.50 | #8839 | | FY 2024-25 | 1.13 | 0.0000% | +140.43% | 73.38% | 5.30 | 0.0001% | −46.84% | 86.04% | −4.17 | #8150 | - CAGR (7-year): exports -8.54%/yr, imports -34.36%/yr (consistently Deficit) ## Key trade insights: HSN Code 98049000 export-import analysis ### Export decline: -8.54% CAGR over 7 years India's exports under HSN Code 98049000 have declined at a compound annual rate of -8.54% over 7 fiscal years, falling from ₹1.93 Crore in FY 2018-19 to ₹1.13 Crore in FY 2024-25. ### HSN Code 98049000 ranked #8150 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 98049000 ranks #8150 out of 12657 HSN codes by total export value. Within Sub-Chapter 9804, it ranks #1 of 2. By trade surplus, it ranks #8518 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 98049000 exports The strongest single-year export movement for HSN Code 98049000 was recorded in FY 2019-20, when exports surged by 289.12% over the prior year. ### India records a trade deficit of ₹4.17 Crore in HSN Code 98049000 goods In FY 2024-25, India's imports of ₹5.30 Cr exceeded exports of ₹1.13 Cr, resulting in a trade deficit of ₹4.17 Crore — ranking #8518 of 12657 by surplus magnitude. ### Import growth of -34.36% CAGR signals stable import dependency for Works of Art, Collectors' Pieces & Antiques India's imports under HSN Code 98049000 have grown at -34.36% CAGR, reaching ₹5.30 Crore in FY 2024-25. ### HSN Code 98049000 contributes 73.38% of Sub-Chapter 9804 exports — ranked #1 Among the 2 HSN codes under Sub-Chapter 9804, HSN Code 98049000 ranks #1 by export value — accounting for 73.38% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 86.04% share (rank #1). ## Related HSN Codes in Sub-Chapter 9804 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 98049000: Works of Art, Collectors' Pieces & Antiques (this hsn code) | ₹1 Cr | | #2 | [HSN Code 98041000: Drugs & medicines (personal use)](https://busy.in/hsn/hsn-98041000/) | < ₹1 Crore |