Consistent Export Growth: 70.15% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9207 have grown at a compound annual rate of 70.15% over 7 fiscal years, rising from ₹7.27 Crore in FY 2018-19 to ₹176.44 Crore in FY 2024-25.
HSN Sub Chapter 9207 represents Electric musical instruments under GST classification. This code helps businesses identify Electric musical instruments correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9207, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Electric musical instruments.
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GST Rate for Electric musical instruments under HSN Code 9207. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Electric musical instruments.
India’s Exports
FY 2024-25₹176 Cr
0.0048% of India’s total exports
India’s Imports
FY 2024-25₹298 Cr
0.0049% of India’s total imports
Trade Balance
FY 2024-25−₹122 Cr
Surplus rank #738 of 1233 subchapters
% of Chapter 92
FY 2024-2545.14%
Share of Chapter 92’s total exports in FY 2024-25
Import side: 46.40% of Chapter 92’s imports
Rank Within Chapter 92
FY 2024-25#1 of 7
Position by export value among subchapters in Chapter 92
Import-side rank: #1 of 7
At a glance
70.15%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#723
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+981.02%
Peak Growth Year
FY 2019-20 · strongest single-year move
45.14%
Contribution to Ch. 92
Share of Chapter 92 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
−213.65
Exports
7.27 ₹ Cr
0.0003% share
— YoY
5.19% of Ch. 92
Imports
220.92 ₹ Cr
0.0062% share
— YoY
54.19% of Ch. 92
Balance
−117.92
Exports
78.59 ₹ Cr
0.0036% share
+981.02% YoY
40.20% of Ch. 92
Imports
196.51 ₹ Cr
0.0059% share
−11.05% YoY
54.67% of Ch. 92
Balance
−115.95
Exports
48.20 ₹ Cr
0.0022% share
−38.67% YoY
25.75% of Ch. 92
Imports
164.15 ₹ Cr
0.0056% share
−16.47% YoY
46.87% of Ch. 92
Balance
−105.64
Exports
99.26 ₹ Cr
0.0032% share
+105.93% YoY
34.53% of Ch. 92
Imports
204.90 ₹ Cr
0.0045% share
+24.82% YoY
46.47% of Ch. 92
Balance
−75.84
Exports
182.72 ₹ Cr
0.0050% share
+84.08% YoY
49.42% of Ch. 92
Imports
258.56 ₹ Cr
0.0045% share
+26.19% YoY
46.82% of Ch. 92
Balance
−102.73
Exports
163.22 ₹ Cr
0.0045% share
−10.67% YoY
43.48% of Ch. 92
Imports
265.95 ₹ Cr
0.0047% share
+2.86% YoY
47.28% of Ch. 92
Balance
−121.83
Exports
176.44 ₹ Cr
0.0048% share
+8.10% YoY
45.14% of Ch. 92
Imports
298.27 ₹ Cr
0.0049% share
+12.15% YoY
46.40% of Ch. 92
CAGR · 7-Year
Exports
70.15% /yr
Imports
5.13% /yr
India's exports under HSN Sub-Chapter 9207 have grown at a compound annual rate of 70.15% over 7 fiscal years, rising from ₹7.27 Crore in FY 2018-19 to ₹176.44 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9207 ranks #723 out of 1233 subchapters by total export value. Within Chapter 92, it ranks #1 of 7. By trade surplus, it ranks #738 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9207 was recorded in FY 2019-20, when exports surged by 981.02% over the prior year.
In FY 2024-25, India's imports of ₹298.27 Cr exceeded exports of ₹176.44 Cr, resulting in a trade deficit of ₹121.83 Crore — ranking #738 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9207 have grown at 5.13% CAGR, reaching ₹298.27 Crore in FY 2024-25.
Among the 7 subchapters under Chapter 92, HSN Sub-Chapter 9207 ranks #1 by export value — accounting for 45.14% of the chapter's total exports in FY 2024-25. On the import side, it holds 46.40% share (rank #1).
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 9207 and GST compliance.
It includes Electric musical instruments
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.
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.
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.
Use a delivery challan for sending Electric musical instruments to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.