Consistent Export Growth: 12.11% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9701 have grown at a compound annual rate of 12.11% over 7 fiscal years, rising from ₹530.49 Crore in FY 2018-19 to ₹1,053.09 Crore in FY 2024-25.
HSN Sub Chapter 9701 represents Paintings, Drawings, Pastels, Collages under GST classification. This code helps businesses identify Paintings, Drawings, Pastels, Collages correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9701, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Paintings, Drawings, Pastels, Collages.
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GST Rate for Paintings, Drawings, Pastels, Collages under HSN Code 9701. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
97HSN Code
HSN Description
Paintings, drawings and pastels, executed entirely by hand, other than drawings of heading 4906 and other than hand-painted or hand-decorated manufactured articles; collages, mosaics and similar decorative plaques
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Paintings, Drawings, Pastels, Collages.
Tariff HSN
Description
Madhubani paintings (on textiles)
Tariff HSN
Description
Kalamkari paintings (on textiles)
Tariff HSN
Description
Rajasthani paintings (on textiles)
Tariff HSN
Description
Other
Tariff HSN
Description
Of an age exceeding 100 years: Paintings, drawings and pastels
Tariff HSN
Description
Of an age exceeding 100 years: Mosaics
Tariff HSN
Description
Of an age exceeding 100 years: Other
Tariff HSN
Description
Domestic articles of wood (hand decorated )
Tariff HSN
Description
Restaurant decoration of plastics
Tariff HSN
Description
Other
Tariff HSN
Description
Other : Paintings, drawings and pastels
Tariff HSN
Description
Other : Mosaics
Tariff HSN
Description
Other : Other
India’s Exports
FY 2024-25₹1,053 Cr
0.0284% of India’s total exports
India’s Imports
FY 2024-25₹1,249 Cr
0.0205% of India’s total imports
Trade Balance
FY 2024-25−₹196 Cr
Surplus rank #777 of 1233 subchapters
% of Chapter 97
FY 2024-2577.74%
Share of Chapter 97’s total exports in FY 2024-25
Import side: 54.96% of Chapter 97’s imports
Rank Within Chapter 97
FY 2024-25#1 of 6
Position by export value among subchapters in Chapter 97
Import-side rank: #1 of 6
At a glance
12.11%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#377
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+196.09%
Peak Growth Year
FY 2023-24 · strongest single-year move
77.74%
Contribution to Ch. 97
Share of Chapter 97 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
−14.37
Exports
530.49 ₹ Cr
0.0231% share
— YoY
73.88% of Ch. 97
Imports
544.86 ₹ Cr
0.0152% share
— YoY
81.78% of Ch. 97
Balance
+84.98
Exports
522.17 ₹ Cr
0.0236% share
−1.57% YoY
59.07% of Ch. 97
Imports
437.19 ₹ Cr
0.0130% share
−19.76% YoY
53.31% of Ch. 97
Balance
+18.07
Exports
326.08 ₹ Cr
0.0152% share
−37.55% YoY
85.23% of Ch. 97
Imports
308.01 ₹ Cr
0.0106% share
−29.55% YoY
65.19% of Ch. 97
Balance
+106.19
Exports
454.02 ₹ Cr
0.0145% share
+39.24% YoY
83.21% of Ch. 97
Imports
347.83 ₹ Cr
0.0076% share
+12.93% YoY
70.91% of Ch. 97
Balance
−91.90
Exports
863.79 ₹ Cr
0.0239% share
+90.25% YoY
79.26% of Ch. 97
Imports
955.69 ₹ Cr
0.0166% share
+174.76% YoY
81.25% of Ch. 97
Balance
−347.15
Exports
2,557.57 ₹ Cr
0.0707% share
+196.09% YoY
91.56% of Ch. 97
Imports
2,904.72 ₹ Cr
0.0517% share
+203.94% YoY
75.05% of Ch. 97
Balance
−195.97
Exports
1,053.09 ₹ Cr
0.0284% share
−58.82% YoY
77.74% of Ch. 97
Imports
1,249.06 ₹ Cr
0.0205% share
−57.00% YoY
54.96% of Ch. 97
CAGR · 7-Year
Exports
12.11% /yr
Imports
14.83% /yr
reference, FY 2024-25
Export
₹1,354.59 Cr
Import
₹2,272.80 Cr
Trade Balance
−918.21
India's exports under HSN Sub-Chapter 9701 have grown at a compound annual rate of 12.11% over 7 fiscal years, rising from ₹530.49 Crore in FY 2018-19 to ₹1,053.09 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9701 ranks #377 out of 1233 subchapters by total export value. Within Chapter 97, it ranks #1 of 6. By trade surplus, it ranks #777 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9701 was recorded in FY 2023-24, when exports surged by 196.09% over the prior year.
In FY 2024-25, India's imports of ₹1,249.06 Cr exceeded exports of ₹1,053.09 Cr, resulting in a trade deficit of ₹195.97 Crore — ranking #777 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9701 have grown at 14.83% CAGR, reaching ₹1,249.06 Crore in FY 2024-25.
Among the 6 subchapters under Chapter 97, HSN Sub-Chapter 9701 ranks #1 by export value — accounting for 77.74% of the chapter's total exports in FY 2024-25. On the import side, it holds 54.96% 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 9701 and GST compliance.
It includes Paintings, Drawings, Pastels, Collages
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.
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.
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.
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.
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.