Consistent Export Growth: 16.19% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8306 have grown at a compound annual rate of 16.19% over 7 fiscal years, rising from ₹112.02 Crore in FY 2018-19 to ₹275.59 Crore in FY 2024-25.
HSN Sub Chapter 8306 represents Metal Bells & Gongs under GST classification. This code helps businesses identify Metal Bells & Gongs correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8306, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Metal Bells & Gongs.
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GST Rate for Metal Bells & Gongs under HSN Code 8306. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Metal Bells & Gongs.
Tariff HSN
Description
Bells, gongs and the like
Tariff HSN
Description
Statuettes and other ornaments : Plated with precious metal : Statuettes
Tariff HSN
Description
Statuettes and other ornaments : Plated with precious metal : Trophies
Tariff HSN
Description
Statuettes and other ornaments : Plated with precious metal : Other
Tariff HSN
Description
Statuettes and other ornaments : Other : Statuettes
Tariff HSN
Description
Statuettes and other ornaments : Other : Trophies
Tariff HSN
Description
Statuettes and other ornaments : Other : Other
Tariff HSN
Description
Photograph, picture or similar frames; mirrors
India’s Exports
FY 2024-25₹276 Cr
0.0074% of India’s total exports
India’s Imports
FY 2024-25₹76 Cr
0.0013% of India’s total imports
Trade Balance
FY 2024-25₹199 Cr
Surplus rank #328 of 1233 subchapters
% of Chapter 83
FY 2024-253.35%
Share of Chapter 83’s total exports in FY 2024-25
Import side: 0.72% of Chapter 83’s imports
Rank Within Chapter 83
FY 2024-25#6 of 11
Position by export value among subchapters in Chapter 83
Import-side rank: #9 of 11
At a glance
16.19%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#636
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+33.98%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.35%
Contribution to Ch. 83
Share of Chapter 83 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
+7.03
Exports
112.02 ₹ Cr
0.0049% share
— YoY
2.52% of Ch. 83
Imports
104.99 ₹ Cr
0.0029% share
— YoY
1.52% of Ch. 83
Balance
+69.41
Exports
126.79 ₹ Cr
0.0057% share
+13.19% YoY
2.74% of Ch. 83
Imports
57.38 ₹ Cr
0.0017% share
−45.35% YoY
0.87% of Ch. 83
Balance
+123.00
Exports
143.39 ₹ Cr
0.0067% share
+13.09% YoY
2.84% of Ch. 83
Imports
20.39 ₹ Cr
0.0007% share
−64.47% YoY
0.37% of Ch. 83
Balance
+145.60
Exports
192.11 ₹ Cr
0.0061% share
+33.98% YoY
2.81% of Ch. 83
Imports
46.51 ₹ Cr
0.0010% share
+128.10% YoY
0.55% of Ch. 83
Balance
+144.19
Exports
204.24 ₹ Cr
0.0056% share
+6.31% YoY
2.96% of Ch. 83
Imports
60.05 ₹ Cr
0.0010% share
+29.11% YoY
0.61% of Ch. 83
Balance
+176.24
Exports
250.61 ₹ Cr
0.0069% share
+22.70% YoY
3.43% of Ch. 83
Imports
74.37 ₹ Cr
0.0013% share
+23.85% YoY
0.74% of Ch. 83
Balance
+199.33
Exports
275.59 ₹ Cr
0.0074% share
+9.97% YoY
3.35% of Ch. 83
Imports
76.26 ₹ Cr
0.0013% share
+2.54% YoY
0.72% of Ch. 83
CAGR · 7-Year
Exports
16.19% /yr
Imports
−5.19% /yr
reference, FY 2024-25
Export
₹8,222.98 Cr
Import
₹10,642.18 Cr
Trade Balance
−2,419.20
India's exports under HSN Sub-Chapter 8306 have grown at a compound annual rate of 16.19% over 7 fiscal years, rising from ₹112.02 Crore in FY 2018-19 to ₹275.59 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8306 ranks #636 out of 1233 subchapters by total export value. Within Chapter 83, it ranks #6 of 11. By trade surplus, it ranks #328 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8306 was recorded in FY 2021-22, when exports surged by 33.98% over the prior year.
In FY 2024-25, India's exports of ₹275.59 Cr exceeded imports of ₹76.26 Cr, resulting in a trade surplus of ₹199.33 Crore — ranking #328 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8306 have grown at −5.19% CAGR, reaching ₹76.26 Crore in FY 2024-25.
Among the 11 subchapters under Chapter 83, HSN Sub-Chapter 8306 ranks #6 by export value — accounting for 3.35% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.72% share (rank #9).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 8306 and GST compliance.
It includes Metal Bells & Gongs
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
If your outward supply of Metal Bells & Gongs is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.