Consistent Export Growth: 12.79% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9111 have grown at a compound annual rate of 12.79% over 7 fiscal years, rising from ₹18.66 Crore in FY 2018-19 to ₹38.42 Crore in FY 2024-25.
HSN Sub Chapter 9111 represents Watch cases & parts under GST classification. This code helps businesses identify Watch cases & parts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9111, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Watch cases & parts.
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GST Rate for Watch cases & parts under HSN Code 9111. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Watch cases & parts.
India’s Exports
FY 2024-25₹38 Cr
0.0010% of India’s total exports
India’s Imports
FY 2024-25₹233 Cr
0.0038% of India’s total imports
Trade Balance
FY 2024-25−₹194 Cr
Surplus rank #776 of 1233 subchapters
% of Chapter 91
FY 2024-256.27%
Share of Chapter 91’s total exports in FY 2024-25
Import side: 4.21% of Chapter 91’s imports
Rank Within Chapter 91
FY 2024-25#6 of 14
Position by export value among subchapters in Chapter 91
Import-side rank: #5 of 14
At a glance
12.79%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#941
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+64.40%
Peak Growth Year
FY 2024-25 · strongest single-year move
6.27%
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
−108.45
Exports
18.66 ₹ Cr
0.0008% share
— YoY
2.65% of Ch. 91
Imports
127.11 ₹ Cr
0.0035% share
— YoY
4.77% of Ch. 91
Balance
−97.08
Exports
21.77 ₹ Cr
0.0010% share
+16.67% YoY
3.44% of Ch. 91
Imports
118.85 ₹ Cr
0.0035% share
−6.50% YoY
4.79% of Ch. 91
Balance
−46.41
Exports
24.71 ₹ Cr
0.0011% share
+13.50% YoY
4.47% of Ch. 91
Imports
71.12 ₹ Cr
0.0024% share
−40.16% YoY
4.09% of Ch. 91
Balance
−82.27
Exports
34.58 ₹ Cr
0.0011% share
+39.94% YoY
5.32% of Ch. 91
Imports
116.85 ₹ Cr
0.0026% share
+64.30% YoY
4.01% of Ch. 91
Balance
−119.00
Exports
45.69 ₹ Cr
0.0013% share
+32.13% YoY
7.24% of Ch. 91
Imports
164.69 ₹ Cr
0.0029% share
+40.94% YoY
4.38% of Ch. 91
Balance
−131.86
Exports
23.37 ₹ Cr
0.0006% share
−48.85% YoY
3.07% of Ch. 91
Imports
155.23 ₹ Cr
0.0028% share
−5.74% YoY
3.23% of Ch. 91
Balance
−194.35
Exports
38.42 ₹ Cr
0.0010% share
+64.40% YoY
6.27% of Ch. 91
Imports
232.77 ₹ Cr
0.0038% share
+49.95% YoY
4.21% of Ch. 91
CAGR · 7-Year
Exports
12.79% /yr
Imports
10.61% /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 9111 have grown at a compound annual rate of 12.79% over 7 fiscal years, rising from ₹18.66 Crore in FY 2018-19 to ₹38.42 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9111 ranks #941 out of 1233 subchapters by total export value. Within Chapter 91, it ranks #6 of 14. By trade surplus, it ranks #776 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9111 was recorded in FY 2024-25, when exports surged by 64.40% over the prior year.
In FY 2024-25, India's imports of ₹232.77 Cr exceeded exports of ₹38.42 Cr, resulting in a trade deficit of ₹194.35 Crore — ranking #776 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9111 have grown at 10.61% CAGR, reaching ₹232.77 Crore in FY 2024-25.
Among the 14 subchapters under Chapter 91, HSN Sub-Chapter 9111 ranks #6 by export value — accounting for 6.27% of the chapter's total exports in FY 2024-25. On the import side, it holds 4.21% share (rank #5).
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 9111 and GST compliance.
It includes Watch cases & parts
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.
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.
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.
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.
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.