Consistent Export Growth: 3.58% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9114 have grown at a compound annual rate of 3.58% over 7 fiscal years, rising from ₹117.84 Crore in FY 2018-19 to ₹145.55 Crore in FY 2024-25.
HSN Sub Chapter 9114 represents Clock & Watch Parts under GST classification. This code helps businesses identify Clock & Watch Parts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9114, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Clock & Watch Parts.
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GST Rate for Clock & Watch Parts under HSN Code 9114. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Clock & Watch Parts.
Tariff HSN
Description
Watch parts: springs, including hair-springs
Tariff HSN
Description
Clock parts: springs, including hair-springs
Tariff HSN
Description
Dials : For watches
Tariff HSN
Description
Dials : For clocks
Tariff HSN
Description
Plates and bridges : For watches
Tariff HSN
Description
Plates and bridges : For clocks
Tariff HSN
Description
Other : Jewels
Tariff HSN
Description
Other : Springs, including hair-springs
Tariff HSN
Description
Other : Other : For watches
Tariff HSN
Description
Other : Other : For clocks
India’s Exports
FY 2024-25₹146 Cr
0.0039% of India’s total exports
India’s Imports
FY 2024-25₹248 Cr
0.0041% of India’s total imports
Trade Balance
FY 2024-25−₹103 Cr
Surplus rank #723 of 1233 subchapters
% of Chapter 91
FY 2024-2523.76%
Share of Chapter 91’s total exports in FY 2024-25
Import side: 4.49% of Chapter 91’s imports
Rank Within Chapter 91
FY 2024-25#2 of 14
Position by export value among subchapters in Chapter 91
Import-side rank: #4 of 14
At a glance
3.58%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#767
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+56.06%
Peak Growth Year
FY 2021-22 · strongest single-year move
23.76%
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
−5.41
Exports
117.84 ₹ Cr
0.0051% share
— YoY
16.71% of Ch. 91
Imports
123.25 ₹ Cr
0.0034% share
— YoY
4.63% of Ch. 91
Balance
−16.20
Exports
93.07 ₹ Cr
0.0042% share
−21.02% YoY
14.73% of Ch. 91
Imports
109.27 ₹ Cr
0.0033% share
−11.34% YoY
4.41% of Ch. 91
Balance
+5.95
Exports
75.95 ₹ Cr
0.0035% share
−18.39% YoY
13.75% of Ch. 91
Imports
70.00 ₹ Cr
0.0024% share
−35.94% YoY
4.02% of Ch. 91
Balance
−14.16
Exports
118.53 ₹ Cr
0.0038% share
+56.06% YoY
18.22% of Ch. 91
Imports
132.69 ₹ Cr
0.0029% share
+89.56% YoY
4.56% of Ch. 91
Balance
−24.82
Exports
168.92 ₹ Cr
0.0047% share
+42.51% YoY
26.77% of Ch. 91
Imports
193.74 ₹ Cr
0.0034% share
+46.01% YoY
5.15% of Ch. 91
Balance
−9.17
Exports
201.12 ₹ Cr
0.0056% share
+19.06% YoY
26.38% of Ch. 91
Imports
210.29 ₹ Cr
0.0037% share
+8.54% YoY
4.38% of Ch. 91
Balance
−102.59
Exports
145.55 ₹ Cr
0.0039% share
−27.63% YoY
23.76% of Ch. 91
Imports
248.14 ₹ Cr
0.0041% share
+18.00% YoY
4.49% of Ch. 91
CAGR · 7-Year
Exports
3.58% /yr
Imports
12.37% /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 9114 have grown at a compound annual rate of 3.58% over 7 fiscal years, rising from ₹117.84 Crore in FY 2018-19 to ₹145.55 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9114 ranks #767 out of 1233 subchapters by total export value. Within Chapter 91, it ranks #2 of 14. By trade surplus, it ranks #723 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9114 was recorded in FY 2021-22, when exports surged by 56.06% over the prior year.
In FY 2024-25, India's imports of ₹248.14 Cr exceeded exports of ₹145.55 Cr, resulting in a trade deficit of ₹102.59 Crore — ranking #723 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9114 have grown at 12.37% CAGR, reaching ₹248.14 Crore in FY 2024-25.
Among the 14 subchapters under Chapter 91, HSN Sub-Chapter 9114 ranks #2 by export value — accounting for 23.76% of the chapter's total exports in FY 2024-25. On the import side, it holds 4.49% share (rank #4).
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 9114 and GST compliance.
It includes Clock & Watch Parts
If your outward supply of Clock & Watch Parts is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
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.
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Clock & Watch Parts 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.
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.