Consistent Export Growth: 6.60% CAGR Over 8 Years
India's exports under HSN Sub-Chapter 9201 have grown at a compound annual rate of 6.60% over 8 fiscal years, rising from ₹1.79 Crore in FY 2018-19 to ₹2.80 Crore in FY 2025-26.
HSN Sub Chapter 9201 represents Musical instruments under GST classification. This code helps businesses identify Musical instruments correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9201, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Musical instruments.
Manage correct HSN codes and GST rates with BUSY.
GST Rate for Musical instruments under HSN Code 9201. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Musical instruments.
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2025-26₹33 Cr
0.0005% of India’s total imports
Trade Balance
FY 2025-26−₹30 Cr
Surplus rank #644 of 1233 subchapters
% of Chapter 92
FY 2025-260.59%
Share of Chapter 92’s total exports in FY 2025-26
Import side: 4.35% of Chapter 92’s imports
Rank Within Chapter 92
FY 2025-26#7 of 7
Position by export value among subchapters in Chapter 92
Import-side rank: #5 of 7
At a glance
6.60%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#1107
National Export Rank
of 1233 subchapters by export value, FY 2025-26
+45.81%
Peak Growth Year
FY 2019-20 · strongest single-year move
0.59%
Contribution to Ch. 92
Share of Chapter 92 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−11.89
Exports
1.79 ₹ Cr
0.0001% share
— YoY
1.28% of Ch. 92
Imports
13.68 ₹ Cr
0.0004% share
— YoY
3.36% of Ch. 92
Balance
−11.75
Exports
2.61 ₹ Cr
0.0001% share
+45.81% YoY
1.33% of Ch. 92
Imports
14.36 ₹ Cr
0.0004% share
+4.97% YoY
3.99% of Ch. 92
Balance
−12.77
Exports
2.60 ₹ Cr
0.0001% share
−0.38% YoY
1.39% of Ch. 92
Imports
15.37 ₹ Cr
0.0005% share
+7.03% YoY
4.39% of Ch. 92
Balance
−18.56
Exports
2.94 ₹ Cr
0.0001% share
+13.08% YoY
1.02% of Ch. 92
Imports
21.50 ₹ Cr
0.0005% share
+39.88% YoY
4.88% of Ch. 92
Balance
−21.32
Exports
2.37 ₹ Cr
0.0001% share
−19.39% YoY
0.64% of Ch. 92
Imports
23.69 ₹ Cr
0.0004% share
+10.19% YoY
4.29% of Ch. 92
Balance
−24.45
Exports
2.57 ₹ Cr
0.0001% share
+8.44% YoY
0.68% of Ch. 92
Imports
27.02 ₹ Cr
0.0005% share
+14.06% YoY
4.80% of Ch. 92
Balance
−27.39
Exports
3.46 ₹ Cr
0.0001% share
+34.63% YoY
0.89% of Ch. 92
Imports
30.85 ₹ Cr
0.0005% share
+14.17% YoY
4.80% of Ch. 92
Balance
−30.02
Exports
2.80 ₹ Cr
0.0001% share
−19.08% YoY
0.59% of Ch. 92
Imports
32.82 ₹ Cr
0.0005% share
+6.39% YoY
4.35% of Ch. 92
CAGR · 8-Year
Exports
6.60% /yr
Imports
13.32% /yr
India's exports under HSN Sub-Chapter 9201 have grown at a compound annual rate of 6.60% over 8 fiscal years, rising from ₹1.79 Crore in FY 2018-19 to ₹2.80 Crore in FY 2025-26.
In FY 2025-26, HSN Sub-Chapter 9201 ranks #1107 out of 1233 subchapters by total export value. Within Chapter 92, it ranks #7 of 7. By trade surplus, it ranks #644 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9201 was recorded in FY 2019-20, when exports surged by 45.81% over the prior year.
In FY 2025-26, India's imports of ₹32.82 Cr exceeded exports of ₹2.80 Cr, resulting in a trade deficit of ₹30.02 Crore — ranking #644 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9201 have grown at 13.32% CAGR, reaching ₹32.82 Crore in FY 2025-26.
Among the 7 subchapters under Chapter 92, HSN Sub-Chapter 9201 ranks #7 by export value — accounting for 0.59% of the chapter's total exports in FY 2025-26. On the import side, it holds 4.35% share (rank #5).
Clear answers to common queries about HSN Sub Chapter 9201 and GST compliance.
It includes Musical instruments
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.
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.
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.
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.