HSN Code 84029020: Parts| Parts Of Watertube Boilers

HSN Code 84029020 represents Parts| Parts Of Watertube Boilers under GST classification. This code helps businesses identify Parts| Parts Of Watertube Boilers correctly for billing, taxation, and trade. With HSN Code 84029020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Parts| Parts Of Watertube Boilers.

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Description of Goods for HSN Code 84029020

HSN Code 84029020 relates to the following description.

Description of Goods

Parts: Parts of watertube boilers

Chapter

84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

Sub Chapter

8402 - Steam or other vapour generating boilers (other than central heating hot water boilers capable also of producing low pressure steam); super-heated water boilers

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84029020 not include?

Parts| Parts Of Watertube Boilers does not include products with the following descriptions.

HSN Code 84021100

Steam or other vapour generating boilers: Watertube boilers with a steam production exceeding 45 t per hour

HSN Code 84021200

Steam or other vapour generating boilers: Water tube boilers with a steam production not exceeding 45 t per hour

HSN Code 84021910

Steam or other vapour generating boilers: Other vapour generating boilers, including : Fire tube horizontal (lancashire) boilers

HSN Code 84021920

Steam or other vapour generating boilers: Other vapour generating boilers, including : Fire tube boilers vertical

HSN Code 84021990

Steam or other vapour generating boilers: Other vapour generating boilers, including : Other

India’s Trade Performance — HSN Code 84029020 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

₹174 Cr

+5.02% vs FY 2023-24

0.0047% of India’s total exports

India’s Imports

FY 2024-25

₹124 Cr

+13.32% vs FY 2023-24

0.0020% of India’s total imports

Trade Balance

FY 2024-25

₹50 Cr

Trade Surplus

Surplus rank #2167 of 12657 HSN codes

% of Sub-Chapter 8402

FY 2024-25

10.39%

Share of Sub-Chapter 8402’s total exports in FY 2024-25

Import side: 22.85% of Sub-Chapter 8402’s imports

Rank Within Sub-Chapter 8402

FY 2024-25

#4 of 9

Position by export value among HSN codes in Sub-Chapter 8402

Import-side rank: #2 of 9

At a glance

4.49%

Export CAGR

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

#1993

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+66.60%

Peak Growth Year

FY 2021-22 · strongest single-year move

10.39%

Contribution to Sub-Ch. 8402

Share of Sub-Chapter 8402 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84029020

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 #1700

Balance

+129.24

Exports

133.52 ₹ Cr

0.0058% share

— YoY

4.69% of Sub-Ch. 8402

Imports

4.28 ₹ Cr

0.0001% share

— YoY

0.99% of Sub-Ch. 8402

FY 2019-20 Exp. Rank #1898

Balance

+110.37

Exports

111.80 ₹ Cr

0.0051% share

−16.27% YoY

3.71% of Sub-Ch. 8402

Imports

1.43 ₹ Cr

0.0000% share

−66.59% YoY

0.46% of Sub-Ch. 8402

FY 2020-21 Exp. Rank #2360

Balance

+75.46

Exports

77.52 ₹ Cr

0.0036% share

−30.66% YoY

5.74% of Sub-Ch. 8402

Imports

2.06 ₹ Cr

0.0001% share

+44.06% YoY

0.55% of Sub-Ch. 8402

FY 2021-22 Exp. Rank #2114

Balance

+26.43

Exports

129.15 ₹ Cr

0.0041% share

+66.60% YoY

11.22% of Sub-Ch. 8402

Imports

102.72 ₹ Cr

0.0022% share

+4,886.41% YoY

22.93% of Sub-Ch. 8402

FY 2022-23 Exp. Rank #1863

Balance

+136.63

Exports

176.15 ₹ Cr

0.0049% share

+36.39% YoY

11.45% of Sub-Ch. 8402

Imports

39.52 ₹ Cr

0.0007% share

−61.53% YoY

11.43% of Sub-Ch. 8402

FY 2023-24 Exp. Rank #2000

Balance

+55.95

Exports

165.46 ₹ Cr

0.0046% share

−6.07% YoY

11.13% of Sub-Ch. 8402

Imports

109.51 ₹ Cr

0.0020% share

+177.10% YoY

20.99% of Sub-Ch. 8402

FY 2024-25 Exp. Rank #1993

Balance

+49.67

Exports

173.77 ₹ Cr

0.0047% share

+5.02% YoY

10.39% of Sub-Ch. 8402

Imports

124.10 ₹ Cr

0.0020% share

+13.32% YoY

22.85% of Sub-Ch. 8402

CAGR · 7-Year

Exports

4.49% /yr

Imports

75.28% /yr

Consistently Surplus
Sub-Chapter 8402 total

reference, FY 2024-25

Export

₹1,673.14 Cr

Import

₹543.13 Cr

Trade Balance

+1,130.01

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

Key Trade Insights: HSN Code 84029020 Export-Import Analysis

Consistent Export Growth: 4.49% CAGR Over 7 Years

India's exports under HSN Code 84029020 have grown at a compound annual rate of 4.49% over 7 fiscal years, rising from ₹133.52 Crore in FY 2018-19 to ₹173.77 Crore in FY 2024-25.

HSN Code 84029020 Ranked #1993 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84029020 ranks #1993 out of 12657 HSN codes by total export value. Within Sub-Chapter 8402, it ranks #4 of 9. By trade surplus, it ranks #2167 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 84029020 Exports

The strongest single-year export movement for HSN Code 84029020 was recorded in FY 2021-22, when exports surged by 66.60% over the prior year.

India Maintains a Trade Surplus of ₹49.67 Crore in HSN Code 84029020 Goods

In FY 2024-25, India's exports of ₹173.77 Cr exceeded imports of ₹124.10 Cr, resulting in a trade surplus of ₹49.67 Crore — ranking #2167 of 12657 by surplus magnitude.

Import Growth of 75.28% CAGR Signals Rising Demand for Parts| Parts Of Watertube Boilers

India's imports under HSN Code 84029020 have grown at 75.28% CAGR, reaching ₹124.10 Crore in FY 2024-25.

HSN Code 84029020 Contributes 10.39% of Sub-Chapter 8402 Exports — Ranked #4

Among the 9 HSN codes under Sub-Chapter 8402, HSN Code 84029020 ranks #4 by export value — accounting for 10.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 22.85% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84029020 and GST compliance.

What products are classified under HSN 84029020 ?

It includes Condensers for steam or other vapour power units

How much GST applies to Parts/ Parts Of Watertube Boilers?

Under HSN 84029020, Parts/ Parts Of Watertube Boilers attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Parts/ Parts Of Watertube Boilers?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Does packaging or labelling change the GST for Parts/ Parts Of Watertube Boilers?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

How should mixed supplies be billed when Parts/ Parts Of Watertube Boilers is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Parts/ Parts Of Watertube Boilers; Nil for exempt items if applicable).

Any common misclassification issue with Parts/ Parts Of Watertube Boilers?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Parts/ Parts Of Watertube Boilers?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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.