Consistent Export Growth: 8.30% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9108 have grown at a compound annual rate of 8.30% over 7 fiscal years, rising from ₹11.39 Crore in FY 2018-19 to ₹18.38 Crore in FY 2024-25.
HSN Sub Chapter 9108 represents Watch movements, complete & assembled under GST classification. This code helps businesses identify Watch movements, complete & assembled correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9108, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Watch movements, complete & assembled.
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GST Rate for Watch movements, complete & assembled under HSN Code 9108. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Watch movements, complete & assembled.
Tariff HSN
Description
Electrically operated : With mechanical display only or with a device to which a mechanical display can be incorporated
Tariff HSN
Description
Electrically operated : With opto-electronic display only
Tariff HSN
Description
Electrically operated : Other
Tariff HSN
Description
With automatic winding
Tariff HSN
Description
Other
India’s Exports
FY 2024-25₹18 Cr
0.0005% of India’s total exports
India’s Imports
FY 2024-25₹188 Cr
0.0031% of India’s total imports
Trade Balance
FY 2024-25−₹170 Cr
Surplus rank #760 of 1233 subchapters
% of Chapter 91
FY 2024-253.00%
Share of Chapter 91’s total exports in FY 2024-25
Import side: 3.41% of Chapter 91’s imports
Rank Within Chapter 91
FY 2024-25#8 of 14
Position by export value among subchapters in Chapter 91
Import-side rank: #6 of 14
At a glance
8.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1008
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+122.56%
Peak Growth Year
FY 2019-20 · strongest single-year move
3.00%
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
−92.53
Exports
11.39 ₹ Cr
0.0005% share
— YoY
1.62% of Ch. 91
Imports
103.92 ₹ Cr
0.0029% share
— YoY
3.90% of Ch. 91
Balance
−85.79
Exports
25.35 ₹ Cr
0.0011% share
+122.56% YoY
4.01% of Ch. 91
Imports
111.14 ₹ Cr
0.0033% share
+6.95% YoY
4.48% of Ch. 91
Balance
−53.50
Exports
14.31 ₹ Cr
0.0007% share
−43.55% YoY
2.59% of Ch. 91
Imports
67.81 ₹ Cr
0.0023% share
−38.99% YoY
3.90% of Ch. 91
Balance
−139.66
Exports
20.96 ₹ Cr
0.0007% share
+46.47% YoY
3.22% of Ch. 91
Imports
160.62 ₹ Cr
0.0035% share
+136.87% YoY
5.52% of Ch. 91
Balance
−121.92
Exports
13.80 ₹ Cr
0.0004% share
−34.16% YoY
2.19% of Ch. 91
Imports
135.72 ₹ Cr
0.0024% share
−15.50% YoY
3.61% of Ch. 91
Balance
−124.89
Exports
12.36 ₹ Cr
0.0003% share
−10.43% YoY
1.62% of Ch. 91
Imports
137.25 ₹ Cr
0.0024% share
+1.13% YoY
2.86% of Ch. 91
Balance
−169.96
Exports
18.38 ₹ Cr
0.0005% share
+48.71% YoY
3.00% of Ch. 91
Imports
188.34 ₹ Cr
0.0031% share
+37.22% YoY
3.41% of Ch. 91
CAGR · 7-Year
Exports
8.30% /yr
Imports
10.42% /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 9108 have grown at a compound annual rate of 8.30% over 7 fiscal years, rising from ₹11.39 Crore in FY 2018-19 to ₹18.38 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9108 ranks #1008 out of 1233 subchapters by total export value. Within Chapter 91, it ranks #8 of 14. By trade surplus, it ranks #760 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9108 was recorded in FY 2019-20, when exports surged by 122.56% over the prior year.
In FY 2024-25, India's imports of ₹188.34 Cr exceeded exports of ₹18.38 Cr, resulting in a trade deficit of ₹169.96 Crore — ranking #760 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9108 have grown at 10.42% CAGR, reaching ₹188.34 Crore in FY 2024-25.
Among the 14 subchapters under Chapter 91, HSN Sub-Chapter 9108 ranks #8 by export value — accounting for 3.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.41% share (rank #6).
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 9108 and GST compliance.
It includes Watch movements, complete & assembled
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
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 Watch movements, complete & assembled 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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Watch movements, complete & assembled are forward charge. Check the current notifications for any special cases before deciding.
Use a delivery challan for sending Watch movements, complete & assembled 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.