HSN Code 98049000: Works of Art, Collectors' Pieces & Antiques
HSN Code 98049000 represents Works of Art, Collectors' Pieces & Antiques under GST classification. This code helps businesses identify Works of Art, Collectors' Pieces & Antiques correctly for billing, taxation, and trade. With HSN Code 98049000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Works of Art, Collectors' Pieces & Antiques.
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Description of Goods for HSN Code 98049000
HSN Code 98049000 relates to the following description.
What does HSN Code 98049000 not include?
Works of Art, Collectors' Pieces & Antiques does not include products with the following descriptions.
Drugs and medicines
Drugs and medicines (Other Drugs and medicines intended for personal use.)
India’s Trade Performance — HSN Code 98049000 in FY 2024-25
India’s Exports
FY 2024-25₹1 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹5 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25−₹4 Cr
Surplus rank #8518 of 12657 HSN codes
% of Sub-Chapter 9804
FY 2024-2573.38%
Share of Sub-Chapter 9804’s total exports in FY 2024-25
Import side: 86.04% of Sub-Chapter 9804’s imports
Rank Within Sub-Chapter 9804
FY 2024-25#1 of 2
Position by export value among HSN codes in Sub-Chapter 9804
Import-side rank: #1 of 2
At a glance
−8.54%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8150
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+289.12%
Peak Growth Year
FY 2019-20 · strongest single-year move
73.38%
Contribution to Sub-Ch. 9804
Share of Sub-Chapter 9804 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−64.33
Exports
1.93 ₹ Cr
0.0001% share
— YoY
66.78% of Sub-Ch. 9804
Imports
66.26 ₹ Cr
0.0018% share
— YoY
37.85% of Sub-Ch. 9804
Balance
−9.55
Exports
7.51 ₹ Cr
0.0003% share
+289.12% YoY
65.53% of Sub-Ch. 9804
Imports
17.06 ₹ Cr
0.0005% share
−74.25% YoY
10.29% of Sub-Ch. 9804
Balance
−26.69
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−94.81% YoY
60.00% of Sub-Ch. 9804
Imports
27.08 ₹ Cr
0.0009% share
+58.73% YoY
6.49% of Sub-Ch. 9804
Balance
−39.04
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+153.85% YoY
87.61% of Sub-Ch. 9804
Imports
40.03 ₹ Cr
0.0009% share
+47.82% YoY
4.90% of Sub-Ch. 9804
Balance
−45.85
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−52.53% YoY
83.93% of Sub-Ch. 9804
Imports
46.32 ₹ Cr
0.0008% share
+15.71% YoY
6.32% of Sub-Ch. 9804
Balance
−9.50
Exports
< ₹1 Crore ₹ Cr
0.0000% share
0.00% YoY
92.16% of Sub-Ch. 9804
Imports
9.97 ₹ Cr
0.0002% share
−78.48% YoY
2.59% of Sub-Ch. 9804
Balance
−4.17
Exports
1.13 ₹ Cr
0.0000% share
+140.43% YoY
73.38% of Sub-Ch. 9804
Imports
5.30 ₹ Cr
0.0001% share
−46.84% YoY
86.04% of Sub-Ch. 9804
CAGR · 7-Year
Exports
−8.54% /yr
Imports
−34.36% /yr
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 98049000 and GST compliance.
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.