--- title: "9706 HSN Code | HSN Code for Antiques, over 100 years old in India" description: "Know more about 9706 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 9706 covering Antiques, over 100 years old." canonical: "https://busy.in/hsn/sub-chapter-9706/" --- # HSN Sub-chapter 9706: Antiques, over 100 years old Antiques of an age exceeding one hundred years 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 | | --- | --- | | 97060000 | [Live Pure-Bred Breeding Horses](https://busy.in/hsn/hsn-97060000/) | | 97061000 | [Of An Age Exceeding 250 Years](https://busy.in/hsn/hsn-97061000/) | | 97069000 | [Antiques and Artifacts](https://busy.in/hsn/hsn-97069000/) | ## Frequently asked questions ### What products are classified under HSN 9706 It includes Antiques, over 100 years old ### Can reverse charge ever apply to transactions involving Antiques, over 100 years old? Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Antiques, over 100 years old are forward charge. Check the current notifications for any special cases before deciding. ### Is the composition scheme suitable if I mainly trade Antiques, over 100 years old? 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 are the e‑way bill and e‑invoice points while moving Antiques, over 100 years old? 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. ### How should I document Antiques, over 100 years old sent for job work? Use a delivery challan for sending Antiques, over 100 years old 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. ### Can I claim ITC on inputs and services used for Antiques, over 100 years old? If your outward supply of Antiques, over 100 years old 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. ## India's trade performance: HSN Sub-Chapter 9706 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹126 Cr (+12,63,600.00% YoY) — 0.0034% of India's total exports - Imports: ₹736 Cr (+371.87% YoY) — 0.0121% of India's total imports - Trade balance: −₹610 Cr (Deficit); surplus rank #894 of 1233 sub-chapters - Share of Chapter 97: 9.33% of its exports; import side 32.38% - Rank within Chapter 97: #3 of 6 by export value; import-side #2 ### Key metrics - Export CAGR: 13.11% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #794 of 1233 sub-chapters by export value (FY 2024-25) - Peak growth year: +12,63,600.00% in FY 2024-25 - Contribution to Ch. 97: 9.33% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Sub-Chapter 9706 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 | 60.34 | 0.0026% | — | 8.40% | 31.55 | 0.0009% | — | 4.74% | +28.79 | #808 | | FY 2019-20 | 125.60 | 0.0057% | +108.15% | 14.21% | 205.94 | 0.0061% | +552.74% | 25.11% | −80.34 | #686 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −99.99% | 0.00% | 3.87 | 0.0001% | −98.12% | 0.82% | −3.86 | #1198 | | FY 2021-22 | 15.11 | 0.0005% | +1,51,000.00% | 2.77% | 39.53 | 0.0009% | +921.45% | 8.06% | −24.42 | #991 | | FY 2022-23 | 120.86 | 0.0033% | +699.87% | 11.09% | 48.02 | 0.0008% | +21.48% | 4.08% | +72.84 | #776 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −99.99% | 0.00% | 155.98 | 0.0028% | +224.82% | 4.03% | −155.97 | #1206 | | FY 2024-25 | 126.37 | 0.0034% | +12,63,600.00% | 9.33% | 736.03 | 0.0121% | +371.87% | 32.38% | −609.66 | #794 | - CAGR (7-year): exports 13.11%/yr, imports 69.04%/yr (consistently Deficit) ## Key trade insights: HSN Sub-Chapter 9706 export-import analysis ### Consistent export growth: 13.11% CAGR over 7 years India's exports under HSN Sub-Chapter 9706 have grown at a compound annual rate of 13.11% over 7 fiscal years, rising from ₹60.34 Crore in FY 2018-19 to ₹126.37 Crore in FY 2024-25. ### HSN Sub-Chapter 9706 ranked #794 among all 1233 sub-chapters by export value In FY 2024-25, HSN Sub-Chapter 9706 ranks #794 out of 1233 sub-chapters by total export value. Within Chapter 97, it ranks #3 of 6. By trade surplus, it ranks #894 of 1233. ### FY 2024-25 was the strongest growth year for HSN Sub-Chapter 9706 exports The strongest single-year export movement for HSN Sub-Chapter 9706 was recorded in FY 2024-25, when exports surged by 12,63,600.00% over the prior year. ### India records a trade deficit of ₹609.66 Crore in HSN Sub-Chapter 9706 goods In FY 2024-25, India's imports of ₹736.03 Cr exceeded exports of ₹126.37 Cr, resulting in a trade deficit of ₹609.66 Crore — ranking #894 of 1233 by surplus magnitude. ### Import growth of 69.04% CAGR signals rising demand for Antiques, over 100 years old India's imports under HSN Sub-Chapter 9706 have grown at 69.04% CAGR, reaching ₹736.03 Crore in FY 2024-25. ### HSN Sub-Chapter 9706 contributes 9.33% of Chapter 97 exports — ranked #3 Among the 6 sub-chapters under Chapter 97, HSN Sub-Chapter 9706 ranks #3 by export value — accounting for 9.33% of the chapter's total exports in FY 2024-25. On the import side, it holds 32.38% share (rank #2). ## 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 (this hsn sub-chapter) | ₹126 Cr | | #4 | [HSN Sub-Chapter 9702: Original engravings](https://busy.in/hsn/sub-chapter-9702/) | ₹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/) | | 9702 | [Original engravings](https://busy.in/hsn/sub-chapter-9702/) | | 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/) |