Consistent Export Growth: 14.66% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9208 have grown at a compound annual rate of 14.66% over 7 fiscal years, rising from ₹9.18 Crore in FY 2018-19 to ₹20.86 Crore in FY 2024-25.
HSN Sub Chapter 9208 represents Musical instruments under GST classification. This code helps businesses identify Musical instruments correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9208, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Musical instruments.
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GST Rate for Musical instruments under HSN Code 9208. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
92HSN Code
HSN Description
Musical boxes, fairground organs, mechanical street organs, mechanical singing birds, musical saws and other musical instruments not falling within any other heading of this chapter; decoy calls of all kinds; whistles, call horns and other mouth-blown sound signalling instruments
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Musical instruments.
India’s Exports
FY 2024-25₹21 Cr
0.0006% of India’s total exports
India’s Imports
FY 2024-25₹3 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹18 Cr
Surplus rank #462 of 1233 subchapters
% of Chapter 92
FY 2024-255.34%
Share of Chapter 92’s total exports in FY 2024-25
Import side: 0.45% of Chapter 92’s imports
Rank Within Chapter 92
FY 2024-25#4 of 7
Position by export value among subchapters in Chapter 92
Import-side rank: #7 of 7
At a glance
14.66%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1000
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+79.74%
Peak Growth Year
FY 2019-20 · strongest single-year move
5.34%
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
−3.19
Exports
9.18 ₹ Cr
0.0004% share
— YoY
6.55% of Ch. 92
Imports
12.37 ₹ Cr
0.0003% share
— YoY
3.03% of Ch. 92
Balance
+12.99
Exports
16.50 ₹ Cr
0.0007% share
+79.74% YoY
8.44% of Ch. 92
Imports
3.51 ₹ Cr
0.0001% share
−71.62% YoY
0.98% of Ch. 92
Balance
+18.44
Exports
21.63 ₹ Cr
0.0010% share
+31.09% YoY
11.56% of Ch. 92
Imports
3.19 ₹ Cr
0.0001% share
−9.12% YoY
0.91% of Ch. 92
Balance
+18.63
Exports
22.37 ₹ Cr
0.0007% share
+3.42% YoY
7.78% of Ch. 92
Imports
3.74 ₹ Cr
0.0001% share
+17.24% YoY
0.85% of Ch. 92
Balance
+17.51
Exports
21.20 ₹ Cr
0.0006% share
−5.23% YoY
5.73% of Ch. 92
Imports
3.69 ₹ Cr
0.0001% share
−1.34% YoY
0.67% of Ch. 92
Balance
+28.12
Exports
32.35 ₹ Cr
0.0009% share
+52.59% YoY
8.62% of Ch. 92
Imports
4.23 ₹ Cr
0.0001% share
+14.63% YoY
0.75% of Ch. 92
Balance
+17.99
Exports
20.86 ₹ Cr
0.0006% share
−35.52% YoY
5.34% of Ch. 92
Imports
2.87 ₹ Cr
0.0000% share
−32.15% YoY
0.45% of Ch. 92
CAGR · 7-Year
Exports
14.66% /yr
Imports
−21.61% /yr
India's exports under HSN Sub-Chapter 9208 have grown at a compound annual rate of 14.66% over 7 fiscal years, rising from ₹9.18 Crore in FY 2018-19 to ₹20.86 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9208 ranks #1000 out of 1233 subchapters by total export value. Within Chapter 92, it ranks #4 of 7. By trade surplus, it ranks #462 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9208 was recorded in FY 2019-20, when exports surged by 79.74% over the prior year.
In FY 2024-25, India's exports of ₹20.86 Cr exceeded imports of ₹2.87 Cr, resulting in a trade surplus of ₹17.99 Crore — ranking #462 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9208 have grown at −21.61% CAGR, reaching ₹2.87 Crore in FY 2024-25.
Among the 7 subchapters under Chapter 92, HSN Sub-Chapter 9208 ranks #4 by export value — accounting for 5.34% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.45% share (rank #7).
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 9208 and GST compliance.
It includes Musical instruments
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.
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.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
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.
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.