9602 HSN Code: Carving materials

HSN Sub Chapter 9602 represents Carving materials under GST classification. This code helps businesses identify Carving materials correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9602, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Carving materials.

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New GST Rate for HSN Code 9602

GST Rate for Carving materials under HSN Code 9602. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

96

HSN Code

9602

HSN Description

Worked vegetable or mineral carving material and articles of these materials moulded or carved articles of wax, of stearin, of natural gums or natural resins or of modelling pastes, and other moulded or carved articles, not elsewhere specified or included; worked, unhardened gelatin (except gelatin of heading 3503) and articles of unhardened gelatin

New GST Rate

40 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 9602

Following tariff HSN codes fall under Carving materials.

Tariff HSN

96020010

Description

Worked vegetable or mineral carving material and articles of these materials moulded or carved articles of wax, of stearin, of natural gums or natural resins or of modelling pastes, and other moulded or carved articles, not elsewhere specified or included; worked, unhardened gelatin (except gelatin of heading 3503) and articles of unhardened gelatin : Worked vegetable carving material and articles thereof

Tariff HSN

96020020

Description

Worked vegetable or mineral carving material and articles of these materials moulded or carved articles of wax, of stearin, of natural gums or natural resins or of modelling pastes, and other moulded or carved articles, not elsewhere specified or included; worked, unhardened gelatin (except gelatin of heading 3503) and articles of unhardened gelatin : Moulded or carved articles of wax, stearin, natural gums and resins and other moulded or carved articles

Tariff HSN

96020030

Description

Worked vegetable or mineral carving material and articles of these materials moulded or carved articles of wax, of stearin, of natural gums or natural resins or of modelling pastes, and other moulded or carved articles, not elsewhere specified or included; worked, unhardened gelatin (except gelatin of heading 3503) and articles of unhardened gelatin : Gelatin capsules, empty

Tariff HSN

96020040

Description

Worked vegetable or mineral carving material and articles of these materials moulded or carved articles of wax, of stearin, of natural gums or natural resins or of modelling pastes, and other moulded or carved articles, not elsewhere specified or included; worked, unhardened gelatin (except gelatin of heading 3503) and articles of unhardened gelatin: Other articles of unhardened gelatin

Tariff HSN

96020090

Description

Worked vegetable or mineral carving material and articles of these materials moulded or carved articles of wax, of stearin, of natural gums or natural resins or of modelling pastes, and other moulded or carved articles, not elsewhere specified or included; worked, unhardened gelatin (except gelatin of heading 3503) and articles of unhardened gelatin: Other

India’s Trade Performance — HSN Sub-Chapter 9602 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹1,341 Cr

+5.87% vs FY 2023-24

0.0362% of India’s total exports

India’s Imports

FY 2024-25

₹94 Cr

−25.51% vs FY 2023-24

0.0015% of India’s total imports

Trade Balance

FY 2024-25

₹1,247 Cr

Trade Surplus

Surplus rank #169 of 1233 subchapters

% of Chapter 96

FY 2024-25

21.63%

Share of Chapter 96’s total exports in FY 2024-25

Import side: 1.65% of Chapter 96’s imports

Rank Within Chapter 96

FY 2024-25

#2 of 20

Position by export value among subchapters in Chapter 96

Import-side rank: #13 of 20

At a glance

10.86%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#338

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+36.94%

Peak Growth Year

FY 2021-22 · strongest single-year move

21.63%

Contribution to Ch. 96

Share of Chapter 96 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 9602

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #355

Balance

+578.54

Exports

722.41 ₹ Cr

0.0315% share

— YoY

16.71% of Ch. 96

Imports

143.87 ₹ Cr

0.0040% share

— YoY

3.17% of Ch. 96

FY 2019-20 Exp. Rank #366

Balance

+497.93

Exports

618.75 ₹ Cr

0.0280% share

−14.35% YoY

14.02% of Ch. 96

Imports

120.82 ₹ Cr

0.0036% share

−16.02% YoY

2.83% of Ch. 96

FY 2020-21 Exp. Rank #338

Balance

+690.57

Exports

831.46 ₹ Cr

0.0387% share

+34.38% YoY

21.45% of Ch. 96

Imports

140.89 ₹ Cr

0.0048% share

+16.61% YoY

3.25% of Ch. 96

FY 2021-22 Exp. Rank #342

Balance

+992.77

Exports

1,138.64 ₹ Cr

0.0363% share

+36.94% YoY

22.35% of Ch. 96

Imports

145.87 ₹ Cr

0.0032% share

+3.53% YoY

2.76% of Ch. 96

FY 2022-23 Exp. Rank #331

Balance

+1,219.22

Exports

1,349.21 ₹ Cr

0.0373% share

+18.49% YoY

22.06% of Ch. 96

Imports

129.99 ₹ Cr

0.0023% share

−10.89% YoY

2.13% of Ch. 96

FY 2023-24 Exp. Rank #346

Balance

+1,140.41

Exports

1,266.48 ₹ Cr

0.0350% share

−6.13% YoY

21.15% of Ch. 96

Imports

126.07 ₹ Cr

0.0022% share

−3.02% YoY

2.06% of Ch. 96

FY 2024-25 Exp. Rank #338

Balance

+1,246.95

Exports

1,340.86 ₹ Cr

0.0362% share

+5.87% YoY

21.63% of Ch. 96

Imports

93.91 ₹ Cr

0.0015% share

−25.51% YoY

1.65% of Ch. 96

CAGR · 7-Year

Exports

10.86% /yr

Imports

−6.86% /yr

Consistently Surplus
Chapter 96 total

reference, FY 2024-25

Export

₹6,199.86 Cr

Import

₹5,675.05 Cr

Trade Balance

+524.81

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 9602 Export-Import Analysis

Consistent Export Growth: 10.86% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 9602 have grown at a compound annual rate of 10.86% over 7 fiscal years, rising from ₹722.41 Crore in FY 2018-19 to ₹1,340.86 Crore in FY 2024-25.

HSN Sub-Chapter 9602 Ranked #338 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 9602 ranks #338 out of 1233 subchapters by total export value. Within Chapter 96, it ranks #2 of 20. By trade surplus, it ranks #169 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 9602 Exports

The strongest single-year export movement for HSN Sub-Chapter 9602 was recorded in FY 2021-22, when exports surged by 36.94% over the prior year.

India Maintains a Trade Surplus of ₹1,246.95 Crore in HSN Sub-Chapter 9602 Goods

In FY 2024-25, India's exports of ₹1,340.86 Cr exceeded imports of ₹93.91 Cr, resulting in a trade surplus of ₹1,246.95 Crore — ranking #169 of 1233 by surplus magnitude.

Import Growth of −6.86% CAGR Signals Stable Import Dependency for Carving materials

India's imports under HSN Sub-Chapter 9602 have grown at −6.86% CAGR, reaching ₹93.91 Crore in FY 2024-25.

HSN Sub-Chapter 9602 Contributes 21.63% of Chapter 96 Exports — Ranked #2

Among the 20 subchapters under Chapter 96, HSN Sub-Chapter 9602 ranks #2 by export value — accounting for 21.63% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.65% share (rank #13).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 9602 and GST compliance.

What products are classified under HSN 9602

It includes Carving materials

Can I claim ITC on inputs and services used for Carving materials?

If your outward supply of Carving materials is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Any import/export nuance for Carving materials?

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.

Is the composition scheme suitable if I mainly trade Carving materials?

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.

How are warranty replacements of Carving materials handled?

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.

What should my invoice and records include for Carving materials?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

What misclassification mistakes happen with Carving materials?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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