HSN Code 84059000: Parts

HSN Code 84059000 represents Parts under GST classification. This code helps businesses identify Parts correctly for billing, taxation, and trade. With HSN Code 84059000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Parts.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 84059000

HSN Code 84059000 relates to the following description.

Description of Goods

Parts

Chapter

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

Sub Chapter

8405 - Producer gas or water gas generators, with or without their purifiers; acetylene gas generators and similar water process gas generators, with or without their purifiers

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84059000 not include?

Parts does not include products with the following descriptions.

Producer gas or water gas generators, with or without their purifiers; acetylene gas generators and similar water process gas generators, with or without their purifiers : Producer gas or water gas generators

Producer gas or water gas generators, with or without their purifiers; acetylene gas generators and similar water process gas generators, with or without their purifiers : Acetylene gas generators

Producer gas or water gas generators, with or without their purifiers; acetylene gas generators and similar water process gas generators, with or without their purifiers : Other

India’s Trade Performance — HSN Code 84059000 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

₹29 Cr

+1.35% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹54 Cr

+20.70% vs FY 2023-24

0.0009% of India’s total imports

Trade Balance

FY 2024-25

−₹26 Cr

Trade Deficit

Surplus rank #9735 of 12657 HSN codes

% of Sub-Chapter 8405

FY 2024-25

15.79%

Share of Sub-Chapter 8405’s total exports in FY 2024-25

Import side: 19.83% of Sub-Chapter 8405’s imports

Rank Within Sub-Chapter 8405

FY 2024-25

#3 of 4

Position by export value among HSN codes in Sub-Chapter 8405

Import-side rank: #3 of 4

At a glance

−5.80%

Export CAGR

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

#4402

National Export Rank

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

+58.10%

Peak Growth Year

FY 2019-20 · strongest single-year move

15.79%

Contribution to Sub-Ch. 8405

Share of Sub-Chapter 8405 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84059000

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 #3174

Balance

+30.83

Exports

40.79 ₹ Cr

0.0018% share

YoY

24.09% of Sub-Ch. 8405

Imports

9.96 ₹ Cr

0.0003% share

YoY

6.66% of Sub-Ch. 8405

FY 2019-20 Exp. Rank #2554

Balance

+17.34

Exports

64.49 ₹ Cr

0.0029% share

+58.10% YoY

36.19% of Sub-Ch. 8405

Imports

47.15 ₹ Cr

0.0014% share

+373.39% YoY

33.23% of Sub-Ch. 8405

FY 2020-21 Exp. Rank #3917

Balance

−8.63

Exports

24.61 ₹ Cr

0.0011% share

−61.84% YoY

21.92% of Sub-Ch. 8405

Imports

33.24 ₹ Cr

0.0011% share

−29.50% YoY

20.68% of Sub-Ch. 8405

FY 2021-22 Exp. Rank #4642

Balance

−5.61

Exports

19.41 ₹ Cr

0.0006% share

−21.13% YoY

12.99% of Sub-Ch. 8405

Imports

25.02 ₹ Cr

0.0005% share

−24.73% YoY

15.23% of Sub-Ch. 8405

FY 2022-23 Exp. Rank #4455

Balance

−1.89

Exports

24.09 ₹ Cr

0.0007% share

+24.11% YoY

10.51% of Sub-Ch. 8405

Imports

25.98 ₹ Cr

0.0005% share

+3.84% YoY

9.21% of Sub-Ch. 8405

FY 2023-24 Exp. Rank #4334

Balance

−17.00

Exports

28.12 ₹ Cr

0.0008% share

+16.73% YoY

9.09% of Sub-Ch. 8405

Imports

45.12 ₹ Cr

0.0008% share

+73.67% YoY

10.27% of Sub-Ch. 8405

FY 2024-25 Exp. Rank #4402

Balance

−25.96

Exports

28.50 ₹ Cr

0.0008% share

+1.35% YoY

15.79% of Sub-Ch. 8405

Imports

54.46 ₹ Cr

0.0009% share

+20.70% YoY

19.83% of Sub-Ch. 8405

CAGR · 7-Year

Exports

−5.80% /yr

Imports

32.73% /yr

Consistently Deficit
Sub-Chapter 8405 total

reference, FY 2024-25

Export

₹180.54 Cr

Import

₹274.61 Cr

Trade Balance

−94.07

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

Key Trade Insights: HSN Code 84059000 Export-Import Analysis

Export Decline: −5.80% CAGR Over 7 Years

India's exports under HSN Code 84059000 have declined at a compound annual rate of −5.80% over 7 fiscal years, falling from ₹40.79 Crore in FY 2018-19 to ₹28.50 Crore in FY 2024-25.

HSN Code 84059000 Ranked #4402 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84059000 ranks #4402 out of 12657 HSN codes by total export value. Within Sub-Chapter 8405, it ranks #3 of 4. By trade surplus, it ranks #9735 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 84059000 Exports

The strongest single-year export movement for HSN Code 84059000 was recorded in FY 2019-20, when exports surged by 58.10% over the prior year.

India Records a Trade Deficit of ₹25.96 Crore in HSN Code 84059000 Goods

In FY 2024-25, India's imports of ₹54.46 Cr exceeded exports of ₹28.50 Cr, resulting in a trade deficit of ₹25.96 Crore — ranking #9735 of 12657 by surplus magnitude.

Import Growth of 32.73% CAGR Signals Rising Demand for Parts

India's imports under HSN Code 84059000 have grown at 32.73% CAGR, reaching ₹54.46 Crore in FY 2024-25.

HSN Code 84059000 Contributes 15.79% of Sub-Chapter 8405 Exports — Ranked #3

Among the 4 HSN codes under Sub-Chapter 8405, HSN Code 84059000 ranks #3 by export value — accounting for 15.79% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 19.83% share (rank #3).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 84059000 and GST compliance.

What products are classified under HSN 84059000 ?

It includes Aircraft engines

How should mixed supplies be billed when Parts is sold with other items?

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

Does packaging or labelling change the GST for Parts?

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.

Any common misclassification issue with Parts?

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?

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

Do e‑way bill and e‑invoice apply for Parts?

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.

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.