9706 HSN Code: Antiques, over 100 years old

HSN Sub Chapter 9706 represents Antiques, over 100 years old under GST classification. This code helps businesses identify Antiques, over 100 years old correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9706, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Antiques, over 100 years old.

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New GST Rate for HSN Code 9706

GST Rate for Antiques, over 100 years old under HSN Code 9706. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

97

HSN Code

9706

HSN Description

Antiques of an age exceeding one hundred years

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 9706

Following tariff HSN codes fall under Antiques, over 100 years old.

Tariff HSN

97060000

Description

Antiques of an age exceeding one hundred year

Tariff HSN

97061000

Description

Of an age exceeding 250 years

Tariff HSN

97069000

Description

Other

India’s Trade Performance — HSN Sub-Chapter 9706 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

₹126 Cr

+12,63,600.00% vs FY 2023-24

0.0034% of India’s total exports

India’s Imports

FY 2024-25

₹736 Cr

+371.87% vs FY 2023-24

0.0121% of India’s total imports

Trade Balance

FY 2024-25

−₹610 Cr

Trade Deficit

Surplus rank #894 of 1233 subchapters

% of Chapter 97

FY 2024-25

9.33%

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

Import side: 32.38% of Chapter 97’s imports

Rank Within Chapter 97

FY 2024-25

#3 of 6

Position by export value among subchapters in Chapter 97

Import-side rank: #2 of 6

At a glance

13.11%

Export CAGR

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

#794

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+12,63,600.00%

Peak Growth Year

FY 2024-25 · strongest single-year move

9.33%

Contribution to Ch. 97

Share of Chapter 97 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #808

Balance

+28.79

Exports

60.34 ₹ Cr

0.0026% share

— YoY

8.40% of Ch. 97

Imports

31.55 ₹ Cr

0.0009% share

— YoY

4.74% of Ch. 97

FY 2019-20 Exp. Rank #686

Balance

−80.34

Exports

125.60 ₹ Cr

0.0057% share

+108.15% YoY

14.21% of Ch. 97

Imports

205.94 ₹ Cr

0.0061% share

+552.74% YoY

25.11% of Ch. 97

FY 2020-21 Exp. Rank #1198

Balance

−3.86

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.99% YoY

0.00% of Ch. 97

Imports

3.87 ₹ Cr

0.0001% share

−98.12% YoY

0.82% of Ch. 97

FY 2021-22 Exp. Rank #991

Balance

−24.42

Exports

15.11 ₹ Cr

0.0005% share

+1,51,000.00% YoY

2.77% of Ch. 97

Imports

39.53 ₹ Cr

0.0009% share

+921.45% YoY

8.06% of Ch. 97

FY 2022-23 Exp. Rank #776

Balance

+72.84

Exports

120.86 ₹ Cr

0.0033% share

+699.87% YoY

11.09% of Ch. 97

Imports

48.02 ₹ Cr

0.0008% share

+21.48% YoY

4.08% of Ch. 97

FY 2023-24 Exp. Rank #1206

Balance

−155.97

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.99% YoY

0.00% of Ch. 97

Imports

155.98 ₹ Cr

0.0028% share

+224.82% YoY

4.03% of Ch. 97

FY 2024-25 Exp. Rank #794

Balance

−609.66

Exports

126.37 ₹ Cr

0.0034% share

+12,63,600.00% YoY

9.33% of Ch. 97

Imports

736.03 ₹ Cr

0.0121% share

+371.87% YoY

32.38% of Ch. 97

CAGR · 7-Year

Exports

13.11% /yr

Imports

69.04% /yr

Consistently Deficit
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 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 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 9706 ranks #794 out of 1233 subchapters 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 subchapters 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 9706 and GST compliance.

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.

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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