Export Decline: −3.20% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9113 have declined at a compound annual rate of −3.20% over 7 fiscal years, falling from ₹87.02 Crore in FY 2018-19 to ₹71.59 Crore in FY 2024-25.
HSN Sub Chapter 9113 represents Watch straps and bracelets under GST classification. This code helps businesses identify Watch straps and bracelets correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9113, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Watch straps and bracelets.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Watch straps and bracelets under HSN Code 9113. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Watch straps and bracelets.
Tariff HSN
Description
Of precious metal or of metal clad with precious metal
Tariff HSN
Description
Of base metal, whether or not gold- or silver-plated : Parts
Tariff HSN
Description
Of base metal, whether or not gold- or silver-plated : Other
Tariff HSN
Description
Other : Parts
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹72 Cr
0.0019% of India’s total exports
India’s Imports
FY 2024-25₹317 Cr
0.0052% of India’s total imports
Trade Balance
FY 2024-25−₹245 Cr
Surplus rank #802 of 1233 subchapters
% of Chapter 91
FY 2024-2511.69%
Share of Chapter 91’s total exports in FY 2024-25
Import side: 5.73% of Chapter 91’s imports
Rank Within Chapter 91
FY 2024-25#3 of 14
Position by export value among subchapters in Chapter 91
Import-side rank: #3 of 14
At a glance
−3.20%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#863
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+25.51%
Peak Growth Year
FY 2022-23 · strongest single-year move
11.69%
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
−74.79
Exports
87.02 ₹ Cr
0.0038% share
— YoY
12.34% of Ch. 91
Imports
161.81 ₹ Cr
0.0045% share
— YoY
6.07% of Ch. 91
Balance
−91.70
Exports
72.49 ₹ Cr
0.0033% share
−16.70% YoY
11.47% of Ch. 91
Imports
164.19 ₹ Cr
0.0049% share
+1.47% YoY
6.62% of Ch. 91
Balance
−34.01
Exports
50.92 ₹ Cr
0.0024% share
−29.76% YoY
9.22% of Ch. 91
Imports
84.93 ₹ Cr
0.0029% share
−48.27% YoY
4.88% of Ch. 91
Balance
−74.08
Exports
57.75 ₹ Cr
0.0018% share
+13.41% YoY
8.88% of Ch. 91
Imports
131.83 ₹ Cr
0.0029% share
+55.22% YoY
4.53% of Ch. 91
Balance
−127.25
Exports
72.48 ₹ Cr
0.0020% share
+25.51% YoY
11.49% of Ch. 91
Imports
199.73 ₹ Cr
0.0035% share
+51.51% YoY
5.31% of Ch. 91
Balance
−155.49
Exports
69.42 ₹ Cr
0.0019% share
−4.22% YoY
9.11% of Ch. 91
Imports
224.91 ₹ Cr
0.0040% share
+12.61% YoY
4.69% of Ch. 91
Balance
−245.49
Exports
71.59 ₹ Cr
0.0019% share
+3.13% YoY
11.69% of Ch. 91
Imports
317.08 ₹ Cr
0.0052% share
+40.98% YoY
5.73% of Ch. 91
CAGR · 7-Year
Exports
−3.20% /yr
Imports
11.86% /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 9113 have declined at a compound annual rate of −3.20% over 7 fiscal years, falling from ₹87.02 Crore in FY 2018-19 to ₹71.59 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9113 ranks #863 out of 1233 subchapters by total export value. Within Chapter 91, it ranks #3 of 14. By trade surplus, it ranks #802 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9113 was recorded in FY 2022-23, when exports surged by 25.51% over the prior year.
In FY 2024-25, India's imports of ₹317.08 Cr exceeded exports of ₹71.59 Cr, resulting in a trade deficit of ₹245.49 Crore — ranking #802 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9113 have grown at 11.86% CAGR, reaching ₹317.08 Crore in FY 2024-25.
Among the 14 subchapters under Chapter 91, HSN Sub-Chapter 9113 ranks #3 by export value — accounting for 11.69% of the chapter's total exports in FY 2024-25. On the import side, it holds 5.73% share (rank #3).
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 9113 and GST compliance.
It includes Watch straps and bracelets
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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Watch straps and bracelets are forward charge. Check the current notifications for any special cases before deciding.
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.
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.