9702 HSN Code: Original engravings

HSN Sub Chapter 9702 represents Original engravings under GST classification. This code helps businesses identify Original engravings correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9702, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Original engravings.

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New GST Rate for HSN Code 9702

GST Rate for Original engravings under HSN Code 9702. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

97

HSN Code

9702

HSN Description

Original engravings, prints and lithographs

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 9702

Following tariff HSN codes fall under Original engravings.

Tariff HSN

97020000

Description

Original engravings, prints and lithographs

Tariff HSN

97021000

Description

Of an age exceeding 100 years

Tariff HSN

97029000

Description

Other

India’s Trade Performance — HSN Sub-Chapter 9702 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

₹11 Cr

−58.66% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

+52.84% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹1 Cr

Trade Surplus

Surplus rank #508 of 1233 subchapters

% of Chapter 97

FY 2024-25

0.84%

Share of Chapter 97’s total exports in FY 2024-25

Import side: 0.45% of Chapter 97’s imports

Rank Within Chapter 97

FY 2024-25

#4 of 6

Position by export value among subchapters in Chapter 97

Import-side rank: #4 of 6

At a glance

−18.34%

Export CAGR

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

#1040

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+205.96%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.84%

Contribution to Ch. 97

Share of Chapter 97 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #872

Balance

+36.37

Exports

38.59 ₹ Cr

0.0017% share

— YoY

5.37% of Ch. 97

Imports

2.22 ₹ Cr

0.0001% share

— YoY

0.33% of Ch. 97

FY 2019-20 Exp. Rank #945

Balance

+19.08

Exports

20.58 ₹ Cr

0.0009% share

−46.67% YoY

2.33% of Ch. 97

Imports

1.50 ₹ Cr

0.0000% share

−32.43% YoY

0.18% of Ch. 97

FY 2020-21 Exp. Rank #1036

Balance

+5.01

Exports

5.55 ₹ Cr

0.0003% share

−73.03% YoY

1.45% of Ch. 97

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−64.00% YoY

0.11% of Ch. 97

FY 2021-22 Exp. Rank #1038

Balance

−0.99

Exports

7.22 ₹ Cr

0.0002% share

+30.09% YoY

1.32% of Ch. 97

Imports

8.21 ₹ Cr

0.0002% share

+1,420.37% YoY

1.67% of Ch. 97

FY 2022-23 Exp. Rank #974

Balance

+17.56

Exports

22.09 ₹ Cr

0.0006% share

+205.96% YoY

2.03% of Ch. 97

Imports

4.53 ₹ Cr

0.0001% share

−44.82% YoY

0.39% of Ch. 97

FY 2023-24 Exp. Rank #971

Balance

+20.97

Exports

27.67 ₹ Cr

0.0008% share

+25.26% YoY

0.99% of Ch. 97

Imports

6.70 ₹ Cr

0.0001% share

+47.90% YoY

0.17% of Ch. 97

FY 2024-25 Exp. Rank #1040

Balance

+1.20

Exports

11.44 ₹ Cr

0.0003% share

−58.66% YoY

0.84% of Ch. 97

Imports

10.24 ₹ Cr

0.0002% share

+52.84% YoY

0.45% of Ch. 97

CAGR · 7-Year

Exports

−18.34% /yr

Imports

29.02% /yr

Consistently Surplus
Chapter 97 total

reference, FY 2024-25

Export

₹1,354.59 Cr

Import

₹2,272.80 Cr

Trade Balance

−918.21

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

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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 9702 ranks #1040 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 9702 and GST compliance.

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.

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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