Export Decline: −8.65% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9601 have declined at a compound annual rate of −8.65% over 7 fiscal years, falling from ₹142.25 Crore in FY 2018-19 to ₹82.64 Crore in FY 2024-25.
HSN Sub Chapter 9601 represents Worked animal materials & carvings under GST classification. This code helps businesses identify Worked animal materials & carvings correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9601, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Worked animal materials & carvings.
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GST Rate for Worked animal materials & carvings under HSN Code 9601. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Worked animal materials & carvings.
Tariff HSN
Description
Worked ivory and articles of ivory
Tariff HSN
Description
Other : Worked tortoise-shell and articles thereof
Tariff HSN
Description
Other: Worked mother-of-pearl and articles thereof
Tariff HSN
Description
Other: Worked bone (excluding whale bone) and
Tariff HSN
Description
Other: Worked horn, coral and other animal carving material and articles thereof (other than articles of coral)
Tariff HSN
Description
Other: Worked horn, coral and other animal carving material and articles thereof
Tariff HSN
Description
Other: Other
India’s Exports
FY 2024-25₹83 Cr
0.0022% of India’s total exports
India’s Imports
FY 2024-25₹8 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25₹75 Cr
Surplus rank #406 of 1233 subchapters
% of Chapter 96
FY 2024-251.33%
Share of Chapter 96’s total exports in FY 2024-25
Import side: 0.13% of Chapter 96’s imports
Rank Within Chapter 96
FY 2024-25#9 of 20
Position by export value among subchapters in Chapter 96
Import-side rank: #18 of 20
At a glance
−8.65%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#851
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+1.44%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.33%
Contribution to Ch. 96
Share of Chapter 96 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
+137.86
Exports
142.25 ₹ Cr
0.0062% share
— YoY
3.29% of Ch. 96
Imports
4.39 ₹ Cr
0.0001% share
— YoY
0.10% of Ch. 96
Balance
+122.45
Exports
128.03 ₹ Cr
0.0058% share
−10.00% YoY
2.90% of Ch. 96
Imports
5.58 ₹ Cr
0.0002% share
+27.11% YoY
0.13% of Ch. 96
Balance
+105.85
Exports
106.75 ₹ Cr
0.0050% share
−16.62% YoY
2.75% of Ch. 96
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−83.87% YoY
0.02% of Ch. 96
Balance
+106.39
Exports
108.29 ₹ Cr
0.0035% share
+1.44% YoY
2.13% of Ch. 96
Imports
1.90 ₹ Cr
0.0000% share
+111.11% YoY
0.04% of Ch. 96
Balance
+87.69
Exports
93.47 ₹ Cr
0.0026% share
−13.69% YoY
1.53% of Ch. 96
Imports
5.78 ₹ Cr
0.0001% share
+204.21% YoY
0.09% of Ch. 96
Balance
+84.25
Exports
89.15 ₹ Cr
0.0025% share
−4.62% YoY
1.49% of Ch. 96
Imports
4.90 ₹ Cr
0.0001% share
−15.22% YoY
0.08% of Ch. 96
Balance
+75.06
Exports
82.64 ₹ Cr
0.0022% share
−7.30% YoY
1.33% of Ch. 96
Imports
7.58 ₹ Cr
0.0001% share
+54.69% YoY
0.13% of Ch. 96
CAGR · 7-Year
Exports
−8.65% /yr
Imports
9.53% /yr
reference, FY 2024-25
Export
₹6,199.86 Cr
Import
₹5,675.05 Cr
Trade Balance
+524.81
India's exports under HSN Sub-Chapter 9601 have declined at a compound annual rate of −8.65% over 7 fiscal years, falling from ₹142.25 Crore in FY 2018-19 to ₹82.64 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9601 ranks #851 out of 1233 subchapters by total export value. Within Chapter 96, it ranks #9 of 20. By trade surplus, it ranks #406 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9601 was recorded in FY 2021-22, when exports surged by 1.44% over the prior year.
In FY 2024-25, India's exports of ₹82.64 Cr exceeded imports of ₹7.58 Cr, resulting in a trade surplus of ₹75.06 Crore — ranking #406 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9601 have grown at 9.53% CAGR, reaching ₹7.58 Crore in FY 2024-25.
Among the 20 subchapters under Chapter 96, HSN Sub-Chapter 9601 ranks #9 by export value — accounting for 1.33% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.13% share (rank #18).
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 9601 and GST compliance.
It includes Worked animal materials & carvings
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Worked animal materials & carvings are forward charge. Check the current notifications for any special cases before deciding.
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.
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.
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.