Consistent Export Growth: 39.22% CAGR Over 8 Years
India's exports under HSN Sub-Chapter 9202 have grown at a compound annual rate of 39.22% over 8 fiscal years, rising from ₹8.21 Crore in FY 2018-19 to ₹83.22 Crore in FY 2025-26.
HSN Sub Chapter 9202 represents String musical instruments under GST classification. This code helps businesses identify String musical instruments correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9202, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of String musical instruments.
Manage correct HSN codes and GST rates with BUSY.
GST Rate for String musical instruments under HSN Code 9202. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
92HSN Code
HSN Description
Other string musical instruments (for example, guitars, violins, harps)
New GST Rate
18% generally; listed indigenous handmade instruments, such as sitar, sarangi and veena, are exempt (0%). Source: Notification 10/2025-Central Tax (Rate), Annexure II.
Old GST Rate
Following tariff HSN codes fall under String 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₹83 Cr
0.0021% of India’s total exports
India’s Imports
FY 2025-26₹119 Cr
0.0017% of India’s total imports
Trade Balance
FY 2025-26−₹35 Cr
Surplus rank #654 of 1233 subchapters
% of Chapter 92
FY 2025-2617.66%
Share of Chapter 92’s total exports in FY 2025-26
Import side: 15.72% of Chapter 92’s imports
Rank Within Chapter 92
FY 2025-26#3 of 7
Position by export value among subchapters in Chapter 92
Import-side rank: #3 of 7
At a glance
39.22%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#866
National Export Rank
of 1233 subchapters by export value, FY 2025-26
+240.17%
Peak Growth Year
FY 2021-22 · strongest single-year move
17.66%
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
−80.67
Exports
8.21 ₹ Cr
0.0004% share
— YoY
5.86% of Ch. 92
Imports
88.88 ₹ Cr
0.0025% share
— YoY
21.80% of Ch. 92
Balance
−69.89
Exports
7.32 ₹ Cr
0.0003% share
−10.84% YoY
3.74% of Ch. 92
Imports
77.21 ₹ Cr
0.0023% share
−13.13% YoY
21.48% of Ch. 92
Balance
−77.68
Exports
8.39 ₹ Cr
0.0004% share
+14.62% YoY
4.48% of Ch. 92
Imports
86.07 ₹ Cr
0.0030% share
+11.48% YoY
24.57% of Ch. 92
Balance
−58.68
Exports
28.54 ₹ Cr
0.0009% share
+240.17% YoY
9.93% of Ch. 92
Imports
87.22 ₹ Cr
0.0019% share
+1.34% YoY
19.78% of Ch. 92
Balance
−58.96
Exports
27.05 ₹ Cr
0.0007% share
−5.22% YoY
7.32% of Ch. 92
Imports
86.01 ₹ Cr
0.0015% share
−1.39% YoY
15.57% of Ch. 92
Balance
−33.97
Exports
57.04 ₹ Cr
0.0016% share
+110.87% YoY
15.20% of Ch. 92
Imports
91.01 ₹ Cr
0.0016% share
+5.81% YoY
16.18% of Ch. 92
Balance
−36.26
Exports
74.57 ₹ Cr
0.0020% share
+30.73% YoY
19.08% of Ch. 92
Imports
110.83 ₹ Cr
0.0018% share
+21.78% YoY
17.24% of Ch. 92
Balance
−35.37
Exports
83.22 ₹ Cr
0.0021% share
+11.60% YoY
17.66% of Ch. 92
Imports
118.59 ₹ Cr
0.0017% share
+7.00% YoY
15.72% of Ch. 92
CAGR · 8-Year
Exports
39.22% /yr
Imports
4.21% /yr
India's exports under HSN Sub-Chapter 9202 have grown at a compound annual rate of 39.22% over 8 fiscal years, rising from ₹8.21 Crore in FY 2018-19 to ₹83.22 Crore in FY 2025-26.
In FY 2025-26, HSN Sub-Chapter 9202 ranks #866 out of 1233 subchapters by total export value. Within Chapter 92, it ranks #3 of 7. By trade surplus, it ranks #654 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9202 was recorded in FY 2021-22, when exports surged by 240.17% over the prior year.
In FY 2025-26, India's imports of ₹118.59 Cr exceeded exports of ₹83.22 Cr, resulting in a trade deficit of ₹35.37 Crore — ranking #654 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9202 have grown at 4.21% CAGR, reaching ₹118.59 Crore in FY 2025-26.
Among the 7 subchapters under Chapter 92, HSN Sub-Chapter 9202 ranks #3 by export value — accounting for 17.66% of the chapter's total exports in FY 2025-26. On the import side, it holds 15.72% share (rank #3).
Clear answers to common queries about HSN Sub Chapter 9202 and GST compliance.
It includes String 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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If String musical instruments 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.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
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.
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.