9029 HSN Code: Taximeters and counters

HSN Sub Chapter 9029 represents Taximeters and counters under GST classification. This code helps businesses identify Taximeters and counters correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9029, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Taximeters and counters.

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New GST Rate for HSN Code 9029

GST Rate for Taximeters and counters under HSN Code 9029. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

90

HSN Code

9029

HSN Description

Revolution counters, production counters, taximeters, mileometers, pedometers and the like; speed indicators and tachometers, other than those of heading 9014 or 9015; stroboscopes

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 9029

Following tariff HSN codes fall under Taximeters and counters.

Tariff HSN

90291010

Description

Revolution counters, production counters, taximeters, mileometers, pedometers and the like : Taximeters

Tariff HSN

90291090

Description

Revolution counters, production counters, taximeters, mileometers, pedometers and the like : Other

Tariff HSN

90292010

Description

Speed indicators and tachometers; stroboscopes : Tachometers, non-electrical

Tariff HSN

90292020

Description

Speed indicators and tachometers; stroboscopes : Speedometers, non-electrical

Tariff HSN

90292030

Description

Speed indicators and tachometers; stroboscopes : Stroboscopes

Tariff HSN

90292090

Description

Speed indicators and tachometers; stroboscopes : Other

Tariff HSN

90299000

Description

Parts and accessories

India’s Trade Performance — HSN Sub-Chapter 9029 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

₹403 Cr

+17.00% vs FY 2023-24

0.0109% of India’s total exports

India’s Imports

FY 2024-25

₹434 Cr

+1.63% vs FY 2023-24

0.0071% of India’s total imports

Trade Balance

FY 2024-25

−₹31 Cr

Trade Deficit

Surplus rank #642 of 1233 subchapters

% of Chapter 90

FY 2024-25

0.90%

Share of Chapter 90’s total exports in FY 2024-25

Import side: 0.37% of Chapter 90’s imports

Rank Within Chapter 90

FY 2024-25

#16 of 32

Position by export value among subchapters in Chapter 90

Import-side rank: #23 of 32

At a glance

6.89%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#569

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+38.03%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.90%

Contribution to Ch. 90

Share of Chapter 90 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 9029

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 Exp. Rank #551

Balance

−206.68

Exports

270.14 ₹ Cr

0.0118% share

— YoY

1.19% of Ch. 90

Imports

476.82 ₹ Cr

0.0133% share

— YoY

0.71% of Ch. 90

FY 2019-20 Exp. Rank #475

Balance

−69.42

Exports

372.88 ₹ Cr

0.0169% share

+38.03% YoY

1.56% of Ch. 90

Imports

442.30 ₹ Cr

0.0132% share

−7.24% YoY

0.67% of Ch. 90

FY 2020-21 Exp. Rank #462

Balance

+27.88

Exports

426.83 ₹ Cr

0.0198% share

+14.47% YoY

1.76% of Ch. 90

Imports

398.95 ₹ Cr

0.0137% share

−9.80% YoY

0.63% of Ch. 90

FY 2021-22 Exp. Rank #510

Balance

+52.55

Exports

438.07 ₹ Cr

0.0140% share

+2.63% YoY

1.48% of Ch. 90

Imports

385.52 ₹ Cr

0.0084% share

−3.37% YoY

0.46% of Ch. 90

FY 2022-23 Exp. Rank #550

Balance

+18.67

Exports

414.83 ₹ Cr

0.0115% share

−5.31% YoY

1.08% of Ch. 90

Imports

396.16 ₹ Cr

0.0069% share

+2.76% YoY

0.42% of Ch. 90

FY 2023-24 Exp. Rank #594

Balance

−82.98

Exports

344.39 ₹ Cr

0.0095% share

−16.98% YoY

0.83% of Ch. 90

Imports

427.37 ₹ Cr

0.0076% share

+7.88% YoY

0.40% of Ch. 90

FY 2024-25 Exp. Rank #569

Balance

−31.39

Exports

402.94 ₹ Cr

0.0109% share

+17.00% YoY

0.90% of Ch. 90

Imports

434.33 ₹ Cr

0.0071% share

+1.63% YoY

0.37% of Ch. 90

CAGR · 7-Year

Exports

6.89% /yr

Imports

−1.54% /yr

Consistently Deficit
Chapter 90 total

reference, FY 2024-25

Export

₹44,741.39 Cr

Import

₹1,17,087.09 Cr

Trade Balance

−72,345.70

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

Key Trade Insights: HSN Sub-Chapter 9029 Export-Import Analysis

Consistent Export Growth: 6.89% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 9029 have grown at a compound annual rate of 6.89% over 7 fiscal years, rising from ₹270.14 Crore in FY 2018-19 to ₹402.94 Crore in FY 2024-25.

HSN Sub-Chapter 9029 Ranked #569 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 9029 ranks #569 out of 1233 subchapters by total export value. Within Chapter 90, it ranks #16 of 32. By trade surplus, it ranks #642 of 1233.

FY 2019-20 Was the Strongest Growth Year for HSN Sub-Chapter 9029 Exports

The strongest single-year export movement for HSN Sub-Chapter 9029 was recorded in FY 2019-20, when exports surged by 38.03% over the prior year.

India Records a Trade Deficit of ₹31.39 Crore in HSN Sub-Chapter 9029 Goods

In FY 2024-25, India's imports of ₹434.33 Cr exceeded exports of ₹402.94 Cr, resulting in a trade deficit of ₹31.39 Crore — ranking #642 of 1233 by surplus magnitude.

Import Growth of −1.54% CAGR Signals Stable Import Dependency for Taximeters and counters

India's imports under HSN Sub-Chapter 9029 have grown at −1.54% CAGR, reaching ₹434.33 Crore in FY 2024-25.

HSN Sub-Chapter 9029 Contributes 0.90% of Chapter 90 Exports — Ranked #16

Among the 32 subchapters under Chapter 90, HSN Sub-Chapter 9029 ranks #16 by export value — accounting for 0.90% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.37% share (rank #23).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 9029 and GST compliance.

What products are classified under HSN 9029

It includes Taximeters and counters

Can I claim ITC on inputs and services used for Taximeters and counters?

If your outward supply of Taximeters and counters 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.

What misclassification mistakes happen with Taximeters and counters?

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.

Any import/export nuance for Taximeters and counters?

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.

Do spares or accessories of Taximeters and counters follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

How should I document Taximeters and counters sent for job work?

Use a delivery challan for sending Taximeters and counters to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

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.

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