Export Decline: −6.82% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9102 have declined at a compound annual rate of −6.82% over 7 fiscal years, falling from ₹267.01 Crore in FY 2018-19 to ₹174.79 Crore in FY 2024-25.
HSN Sub Chapter 9102 represents Wristwatches under GST classification. This code helps businesses identify Wristwatches correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9102, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wristwatches.
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GST Rate for Wristwatches under HSN Code 9102. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Wristwatches.
Tariff HSN
Description
WRIST-WATCHES, ELECTRICALLY OPERATED, WHETHER OR NOT incorporating a stop-watch facility : With mechanical display only
Tariff HSN
Description
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₹175 Cr
0.0047% of India’s total exports
India’s Imports
FY 2024-25₹3,331 Cr
0.0546% of India’s total imports
Trade Balance
FY 2024-25−₹3,157 Cr
Surplus rank #1071 of 1233 subchapters
% of Chapter 91
FY 2024-2528.53%
Share of Chapter 91’s total exports in FY 2024-25
Import side: 60.23% of Chapter 91’s imports
Rank Within Chapter 91
FY 2024-25#1 of 14
Position by export value among subchapters in Chapter 91
Import-side rank: #1 of 14
At a glance
−6.82%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#726
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+59.39%
Peak Growth Year
FY 2023-24 · strongest single-year move
28.53%
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
−1,199.73
Exports
267.01 ₹ Cr
0.0116% share
— YoY
37.87% of Ch. 91
Imports
1,466.74 ₹ Cr
0.0408% share
— YoY
55.05% of Ch. 91
Balance
−1,174.24
Exports
220.68 ₹ Cr
0.0100% share
−17.35% YoY
34.92% of Ch. 91
Imports
1,394.92 ₹ Cr
0.0416% share
−4.90% YoY
56.23% of Ch. 91
Balance
−877.45
Exports
174.12 ₹ Cr
0.0081% share
−21.10% YoY
31.52% of Ch. 91
Imports
1,051.57 ₹ Cr
0.0361% share
−24.61% YoY
60.44% of Ch. 91
Balance
−1,455.33
Exports
233.74 ₹ Cr
0.0074% share
+34.24% YoY
35.93% of Ch. 91
Imports
1,689.07 ₹ Cr
0.0370% share
+60.62% YoY
58.03% of Ch. 91
Balance
−2,039.58
Exports
186.02 ₹ Cr
0.0051% share
−20.42% YoY
29.48% of Ch. 91
Imports
2,225.60 ₹ Cr
0.0387% share
+31.76% YoY
59.18% of Ch. 91
Balance
−2,763.02
Exports
296.49 ₹ Cr
0.0082% share
+59.39% YoY
38.89% of Ch. 91
Imports
3,059.51 ₹ Cr
0.0545% share
+37.47% YoY
63.74% of Ch. 91
Balance
−3,156.58
Exports
174.79 ₹ Cr
0.0047% share
−41.05% YoY
28.53% of Ch. 91
Imports
3,331.37 ₹ Cr
0.0546% share
+8.89% YoY
60.23% of Ch. 91
CAGR · 7-Year
Exports
−6.82% /yr
Imports
14.65% /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 9102 have declined at a compound annual rate of −6.82% over 7 fiscal years, falling from ₹267.01 Crore in FY 2018-19 to ₹174.79 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9102 ranks #726 out of 1233 subchapters by total export value. Within Chapter 91, it ranks #1 of 14. By trade surplus, it ranks #1071 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9102 was recorded in FY 2023-24, when exports surged by 59.39% over the prior year.
In FY 2024-25, India's imports of ₹3,331.37 Cr exceeded exports of ₹174.79 Cr, resulting in a trade deficit of ₹3,156.58 Crore — ranking #1071 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9102 have grown at 14.65% CAGR, reaching ₹3,331.37 Crore in FY 2024-25.
Among the 14 subchapters under Chapter 91, HSN Sub-Chapter 9102 ranks #1 by export value — accounting for 28.53% of the chapter's total exports in FY 2024-25. On the import side, it holds 60.23% share (rank #1).
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 9102 and GST compliance.
It includes Wristwatches
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Wristwatches 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.
Use a delivery challan for sending Wristwatches 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.
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.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.