--- title: "9702 HSN Code | HSN Code for Original engravings in India" description: "Know more about 9702 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 9702 covering Original engravings." canonical: "https://busy.in/hsn/sub-chapter-9702/" --- # HSN Sub-chapter 9702: Original engravings Original engravings, prints and lithographs Part of [Chapter 97: Works of Art, Antiques, Etc](https://busy.in/hsn/chapter-97/). - Current GST rate: 5% - Earlier GST rate: 12% ## HSN codes | Code | Title | | --- | --- | | 97020000 | [Original sculptures and statuary, in metal](https://busy.in/hsn/hsn-97020000/) | | 97021000 | [Of An Age Exceeding 100 Years](https://busy.in/hsn/hsn-97021000/) | | 97029000 | [Original Engravings, Prints & Lithographs Artworks](https://busy.in/hsn/hsn-97029000/) | ## Frequently asked questions ### What products are classified under HSN 9702 It includes Original engravings ### If I repair and return Original engravings, how should I charge GST? Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values. ### Is the composition scheme suitable if I mainly trade Original engravings? 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. ### What should my invoice and records include for Original engravings? 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. ### How are warranty replacements of Original engravings 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. ### How should I document Original engravings sent for job work? Use a delivery challan for sending Original engravings 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. ## India's trade performance: HSN Sub-Chapter 9702 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹11 Cr (−58.66% YoY) — 0.0003% of India's total exports - Imports: ₹10 Cr (+52.84% YoY) — 0.0002% of India's total imports - Trade balance: ₹1 Cr (Surplus); surplus rank #508 of 1233 sub-chapters - Share of Chapter 97: 0.84% of its exports; import side 0.45% - Rank within Chapter 97: #4 of 6 by export value; import-side #4 ### Key metrics - Export CAGR: -18.34% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1040 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +205.96% in FY 2022-23 - Contribution to Ch. 97: 0.84% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 9702 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 97 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 97 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 38.59 | 0.0017% | — | 5.37% | 2.22 | 0.0001% | — | 0.33% | +36.37 | #872 | | FY 2019-20 | 20.58 | 0.0009% | −46.67% | 2.33% | 1.50 | 0.0000% | −32.43% | 0.18% | +19.08 | #945 | | FY 2020-21 | 5.55 | 0.0003% | −73.03% | 1.45% | < ₹1 Crore | 0.0000% | −64.00% | 0.11% | +5.01 | #1036 | | FY 2021-22 | 7.22 | 0.0002% | +30.09% | 1.32% | 8.21 | 0.0002% | +1,420.37% | 1.67% | −0.99 | #1038 | | FY 2022-23 | 22.09 | 0.0006% | +205.96% | 2.03% | 4.53 | 0.0001% | −44.82% | 0.39% | +17.56 | #974 | | FY 2023-24 | 27.67 | 0.0008% | +25.26% | 0.99% | 6.70 | 0.0001% | +47.90% | 0.17% | +20.97 | #971 | | FY 2024-25 | 11.44 | 0.0003% | −58.66% | 0.84% | 10.24 | 0.0002% | +52.84% | 0.45% | +1.20 | #1040 | - CAGR (7-year): exports -18.34%/yr, imports 29.02%/yr (consistently Surplus) ## Key trade insights: HSN Sub-Chapter 9702 export-import analysis ### Export decline: -18.34% CAGR over 7 years India's exports under HSN Sub-Chapter 9702 have declined at a compound annual rate of -18.34% over 7 fiscal years, falling from ₹38.59 Crore in FY 2018-19 to ₹11.44 Crore in FY 2024-25. ### HSN Sub-Chapter 9702 ranked #1040 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 9702 ranks #1040 out of 1233 sub-chapters by total export value. Within Chapter 97, it ranks #4 of 6. By trade surplus, it ranks #508 of 1233. ### FY 2022-23 was the strongest growth year for HSN Sub-Chapter 9702 exports The strongest single-year export movement for HSN Sub-Chapter 9702 was recorded in FY 2022-23, when exports surged by 205.96% over the prior year. ### India maintains a trade surplus of ₹1.20 Crore in HSN Sub-Chapter 9702 goods In FY 2024-25, India's exports of ₹11.44 Cr exceeded imports of ₹10.24 Cr, resulting in a trade surplus of ₹1.20 Crore — ranking #508 of 1233 by surplus magnitude. ### Import growth of 29.02% CAGR signals rising demand for Original engravings India's imports under HSN Sub-Chapter 9702 have grown at 29.02% CAGR, reaching ₹10.24 Crore in FY 2024-25. ### HSN Sub-Chapter 9702 contributes 0.84% of Chapter 97 exports — ranked #4 Among the 6 sub-chapters under Chapter 97, HSN Sub-Chapter 9702 ranks #4 by export value — accounting for 0.84% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.45% share (rank #4). ## Related Sub-Chapters in Chapter 97 Ranked by export value (FY 2024-25). | Rank | HSN Sub-Chapter | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Sub-Chapter 9701: Paintings, Drawings, Pastels, Collages](https://busy.in/hsn/sub-chapter-9701/) | ₹1,053 Cr | | #2 | [HSN Sub-Chapter 9703: Original sculptures](https://busy.in/hsn/sub-chapter-9703/) | ₹158 Cr | | #3 | [HSN Sub-Chapter 9706: Antiques, over 100 years old](https://busy.in/hsn/sub-chapter-9706/) | ₹126 Cr | | #4 | HSN Sub-Chapter 9702: Original engravings (this hsn sub-chapter) | ₹11 Cr | | #5 | [HSN Sub-Chapter 9705: Collectors pieces and artifacts](https://busy.in/hsn/sub-chapter-9705/) | ₹5 Cr | | #6 | [HSN Sub-Chapter 9704: Postal stamps and stationery](https://busy.in/hsn/sub-chapter-9704/) | < ₹1 Crore | ## Other sub-chapters | Code | Title | | --- | --- | | 9701 | [Paintings, Drawings, Pastels, Collages](https://busy.in/hsn/sub-chapter-9701/) | | 9703 | [Original sculptures](https://busy.in/hsn/sub-chapter-9703/) | | 9704 | [Postal stamps and stationery](https://busy.in/hsn/sub-chapter-9704/) | | 9705 | [Collectors pieces and artifacts](https://busy.in/hsn/sub-chapter-9705/) | | 9706 | [Antiques, over 100 years old](https://busy.in/hsn/sub-chapter-9706/) |