Export Decline: −11.65% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9101 have declined at a compound annual rate of −11.65% over 7 fiscal years, falling from ₹97.58 Crore in FY 2018-19 to ₹46.42 Crore in FY 2024-25.
HSN Sub Chapter 9101 represents Wrist & Pocket Watches under GST classification. This code helps businesses identify Wrist & Pocket Watches correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9101, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wrist & Pocket Watches.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Wrist & Pocket Watches under HSN Code 9101. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Wrist & Pocket Watches.
Tariff HSN
Description
Wrist-watches, electrically operated whether or not incorporating a stop-watch facility : With mechanical display only
Tariff HSN
Description
Wrist-watches, pocket-watches and other watches, including stop-watches, with case of precious metal or of metal clad with precious metal - wrist-watches, electrically operated whether or not incorporating a stop-watch facility: with opto-electronic display only
Tariff HSN
Description
Wrist-watches, electrically operated whether or not incorporating a stop-watch facility : Other
Tariff HSN
Description
Other wrist-watches, whether or not incorporating a stop-watch facility : With automatic winding
Tariff HSN
Description
Other wrist-watches, whether or not incorporating a stop-watch facility : Other
Tariff HSN
Description
Other : Electrically operated : Pocket watches
Tariff HSN
Description
Other : Electrically operated : Stop watches
Tariff HSN
Description
Other : Electrically operated : Other
Tariff HSN
Description
Other : Other : Pocket watches
Tariff HSN
Description
Other : Other : Stop watches
Tariff HSN
Description
Other : Other : Other
India’s Exports
FY 2024-25₹46 Cr
0.0013% of India’s total exports
India’s Imports
FY 2024-25₹852 Cr
0.0140% of India’s total imports
Trade Balance
FY 2024-25−₹805 Cr
Surplus rank #932 of 1233 subchapters
% of Chapter 91
FY 2024-257.58%
Share of Chapter 91’s total exports in FY 2024-25
Import side: 15.40% of Chapter 91’s imports
Rank Within Chapter 91
FY 2024-25#5 of 14
Position by export value among subchapters in Chapter 91
Import-side rank: #2 of 14
At a glance
−11.65%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#921
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+85.92%
Peak Growth Year
FY 2023-24 · strongest single-year move
7.58%
Contribution to Ch. 91
Share of Chapter 91 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
−359.05
Exports
97.58 ₹ Cr
0.0043% share
— YoY
13.84% of Ch. 91
Imports
456.63 ₹ Cr
0.0127% share
— YoY
17.14% of Ch. 91
Balance
−256.25
Exports
98.25 ₹ Cr
0.0044% share
+0.69% YoY
15.55% of Ch. 91
Imports
354.50 ₹ Cr
0.0106% share
−22.37% YoY
14.29% of Ch. 91
Balance
−114.95
Exports
117.60 ₹ Cr
0.0055% share
+19.69% YoY
21.29% of Ch. 91
Imports
232.55 ₹ Cr
0.0080% share
−34.40% YoY
13.37% of Ch. 91
Balance
−401.73
Exports
48.42 ₹ Cr
0.0015% share
−58.83% YoY
7.44% of Ch. 91
Imports
450.15 ₹ Cr
0.0098% share
+93.57% YoY
15.47% of Ch. 91
Balance
−540.72
Exports
21.16 ₹ Cr
0.0006% share
−56.30% YoY
3.35% of Ch. 91
Imports
561.88 ₹ Cr
0.0098% share
+24.82% YoY
14.94% of Ch. 91
Balance
−680.00
Exports
39.34 ₹ Cr
0.0011% share
+85.92% YoY
5.16% of Ch. 91
Imports
719.34 ₹ Cr
0.0128% share
+28.02% YoY
14.99% of Ch. 91
Balance
−805.27
Exports
46.42 ₹ Cr
0.0013% share
+18.00% YoY
7.58% of Ch. 91
Imports
851.69 ₹ Cr
0.0140% share
+18.40% YoY
15.40% of Ch. 91
CAGR · 7-Year
Exports
−11.65% /yr
Imports
10.95% /yr
reference, FY 2024-25
Export
₹612.57 Cr
Import
₹5,531.03 Cr
Trade Balance
−4,918.46
India's exports under HSN Sub-Chapter 9101 have declined at a compound annual rate of −11.65% over 7 fiscal years, falling from ₹97.58 Crore in FY 2018-19 to ₹46.42 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9101 ranks #921 out of 1233 subchapters by total export value. Within Chapter 91, it ranks #5 of 14. By trade surplus, it ranks #932 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9101 was recorded in FY 2023-24, when exports surged by 85.92% over the prior year.
In FY 2024-25, India's imports of ₹851.69 Cr exceeded exports of ₹46.42 Cr, resulting in a trade deficit of ₹805.27 Crore — ranking #932 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9101 have grown at 10.95% CAGR, reaching ₹851.69 Crore in FY 2024-25.
Among the 14 subchapters under Chapter 91, HSN Sub-Chapter 9101 ranks #5 by export value — accounting for 7.58% of the chapter's total exports in FY 2024-25. On the import side, it holds 15.40% share (rank #2).
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 9101 and GST compliance.
It includes Wrist & Pocket Watches
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Wrist & Pocket Watches are forward charge. Check the current notifications for any special cases before deciding.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Wrist & Pocket Watches is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
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.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.