HSN Code 84031000: Boilers
HSN Code 84031000 represents Boilers under GST classification. This code helps businesses identify Boilers correctly for billing, taxation, and trade. With HSN Code 84031000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Boilers.
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Description of Goods for HSN Code 84031000
HSN Code 84031000 relates to the following description.
What does HSN Code 84031000 not include?
Boilers does not include products with the following descriptions.
Parts
Parts
India’s Trade Performance — HSN Code 84031000 in FY 2024-25
India’s Exports
FY 2024-25₹13 Cr
0.0004% of India’s total exports
India’s Imports
FY 2024-25₹15 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹2 Cr
Surplus rank #8121 of 12657 HSN codes
% of Sub-Chapter 8403
FY 2024-2563.03%
Share of Sub-Chapter 8403’s total exports in FY 2024-25
Import side: 88.31% of Sub-Chapter 8403’s imports
Rank Within Sub-Chapter 8403
FY 2024-25#1 of 2
Position by export value among HSN codes in Sub-Chapter 8403
Import-side rank: #1 of 2
At a glance
−1.74%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#5409
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+375.42%
Peak Growth Year
FY 2021-22 · strongest single-year move
63.03%
Contribution to Sub-Ch. 8403
Share of Sub-Chapter 8403 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 84031000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+9.15
Exports
14.97 ₹ Cr
0.0007% share
— YoY
65.14% of Sub-Ch. 8403
Imports
5.82 ₹ Cr
0.0002% share
— YoY
58.73% of Sub-Ch. 8403
Balance
+17.16
Exports
19.00 ₹ Cr
0.0009% share
+26.92% YoY
65.07% of Sub-Ch. 8403
Imports
1.84 ₹ Cr
0.0001% share
−68.38% YoY
35.87% of Sub-Ch. 8403
Balance
+0.13
Exports
13.63 ₹ Cr
0.0006% share
−28.26% YoY
64.54% of Sub-Ch. 8403
Imports
13.50 ₹ Cr
0.0005% share
+633.70% YoY
87.49% of Sub-Ch. 8403
Balance
+62.13
Exports
64.80 ₹ Cr
0.0021% share
+375.42% YoY
87.70% of Sub-Ch. 8403
Imports
2.67 ₹ Cr
0.0001% share
−80.22% YoY
48.55% of Sub-Ch. 8403
Balance
−29.48
Exports
32.70 ₹ Cr
0.0009% share
−49.54% YoY
70.73% of Sub-Ch. 8403
Imports
62.18 ₹ Cr
0.0011% share
+2,228.84% YoY
96.36% of Sub-Ch. 8403
Balance
+17.92
Exports
21.64 ₹ Cr
0.0006% share
−33.82% YoY
58.82% of Sub-Ch. 8403
Imports
3.72 ₹ Cr
0.0001% share
−94.02% YoY
87.12% of Sub-Ch. 8403
Balance
−1.71
Exports
13.47 ₹ Cr
0.0004% share
−37.75% YoY
63.03% of Sub-Ch. 8403
Imports
15.18 ₹ Cr
0.0002% share
+308.06% YoY
88.31% of Sub-Ch. 8403
CAGR · 7-Year
Exports
−1.74% /yr
Imports
17.33% /yr
Key Trade Insights: HSN Code 84031000 Export-Import Analysis
Export Decline: −1.74% CAGR Over 7 Years
India's exports under HSN Code 84031000 have declined at a compound annual rate of −1.74% over 7 fiscal years, falling from ₹14.97 Crore in FY 2018-19 to ₹13.47 Crore in FY 2024-25.
HSN Code 84031000 Ranked #5409 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 84031000 ranks #5409 out of 12657 HSN codes by total export value. Within Sub-Chapter 8403, it ranks #1 of 2. By trade surplus, it ranks #8121 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 84031000 Exports
The strongest single-year export movement for HSN Code 84031000 was recorded in FY 2021-22, when exports surged by 375.42% over the prior year.
India Records a Trade Deficit of ₹1.71 Crore in HSN Code 84031000 Goods
In FY 2024-25, India's imports of ₹15.18 Cr exceeded exports of ₹13.47 Cr, resulting in a trade deficit of ₹1.71 Crore — ranking #8121 of 12657 by surplus magnitude.
Import Growth of 17.33% CAGR Signals Rising Demand for Boilers
India's imports under HSN Code 84031000 have grown at 17.33% CAGR, reaching ₹15.18 Crore in FY 2024-25.
HSN Code 84031000 Contributes 63.03% of Sub-Chapter 8403 Exports — Ranked #1
Among the 2 HSN codes under Sub-Chapter 8403, HSN Code 84031000 ranks #1 by export value — accounting for 63.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 88.31% share (rank #1).
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Frequently Asked Questions
Clear answers to common queries about HSN Code 84031000 and GST compliance.
What products are classified under HSN 84031000 ?
It includes Other Gas Generators
Does packaging or labelling change the GST for 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.
Do e‑way bill and e‑invoice apply for 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.
How much GST applies to Boilers?
Under HSN 84031000, Boilers attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Any common misclassification issue with 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 Boilers?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.