HSN Code 84295200: Metal Forming Machines

HSN Code 84295200 represents Metal Forming Machines under GST classification. This code helps businesses identify Metal Forming Machines correctly for billing, taxation, and trade. With HSN Code 84295200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Metal Forming Machines.

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Description of Goods for HSN Code 84295200

HSN Code 84295200 relates to the following description.

Description of Goods

Mechanical shovels, excavators and shovel loaders : Machinery with a 360 degrees revolving superstructure

Chapter

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

Sub Chapter

8429 - Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84295200 not include?

Metal Forming Machines does not include products with the following descriptions.

HSN Code 84295100

Mechanical shovels, excavators and shovel loaders : Front-end shovel loaders

India’s Trade Performance — HSN Code 84295200 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

₹5,122 Cr

+36.24% vs FY 2023-24

0.1392% of India’s total exports

India’s Imports

FY 2024-25

₹1,855 Cr

−7.69% vs FY 2023-24

0.0305% of India’s total imports

Trade Balance

FY 2024-25

₹3,267 Cr

Trade Surplus

Surplus rank #103 of 12657 HSN codes

% of Sub-Chapter 8429

FY 2024-25

42.05%

Share of Sub-Chapter 8429’s total exports in FY 2024-25

Import side: 43.89% of Sub-Chapter 8429’s imports

Rank Within Sub-Chapter 8429

FY 2024-25

#1 of 12

Position by export value among HSN codes in Sub-Chapter 8429

Import-side rank: #1 of 12

At a glance

25.67%

Export CAGR

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

#94

National Export Rank

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

+104.47%

Peak Growth Year

FY 2021-22 · strongest single-year move

42.05%

Contribution to Sub-Ch. 8429

Share of Sub-Chapter 8429 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84295200

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 #253

Balance

+595.46

Exports

1,300.49 ₹ Cr

0.0569% share

— YoY

33.78% of Sub-Ch. 8429

Imports

705.03 ₹ Cr

0.0197% share

— YoY

24.37% of Sub-Ch. 8429

FY 2019-20 Exp. Rank #415

Balance

+203.00

Exports

805.16 ₹ Cr

0.0366% share

−38.09% YoY

27.19% of Sub-Ch. 8429

Imports

602.16 ₹ Cr

0.0180% share

−14.59% YoY

29.57% of Sub-Ch. 8429

FY 2020-21 Exp. Rank #250

Balance

+244.64

Exports

1,337.64 ₹ Cr

0.0622% share

+66.13% YoY

37.44% of Sub-Ch. 8429

Imports

1,093.00 ₹ Cr

0.0375% share

+81.51% YoY

34.46% of Sub-Ch. 8429

FY 2021-22 Exp. Rank #169

Balance

+1,082.36

Exports

2,735.13 ₹ Cr

0.0872% share

+104.47% YoY

41.50% of Sub-Ch. 8429

Imports

1,652.77 ₹ Cr

0.0362% share

+51.21% YoY

47.09% of Sub-Ch. 8429

FY 2022-23 Exp. Rank #169

Balance

+393.09

Exports

2,857.83 ₹ Cr

0.0789% share

+4.49% YoY

35.31% of Sub-Ch. 8429

Imports

2,464.74 ₹ Cr

0.0429% share

+49.13% YoY

52.56% of Sub-Ch. 8429

FY 2023-24 Exp. Rank #129

Balance

+1,749.80

Exports

3,759.33 ₹ Cr

0.1039% share

+31.54% YoY

36.88% of Sub-Ch. 8429

Imports

2,009.53 ₹ Cr

0.0358% share

−18.47% YoY

45.10% of Sub-Ch. 8429

FY 2024-25 Exp. Rank #94

Balance

+3,266.61

Exports

5,121.57 ₹ Cr

0.1392% share

+36.24% YoY

42.05% of Sub-Ch. 8429

Imports

1,854.96 ₹ Cr

0.0305% share

−7.69% YoY

43.89% of Sub-Ch. 8429

CAGR · 7-Year

Exports

25.67% /yr

Imports

17.50% /yr

Consistently Surplus
Sub-Chapter 8429 total

reference, FY 2024-25

Export

₹12,179.67 Cr

Import

₹4,226.42 Cr

Trade Balance

+7,953.25

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

Key Trade Insights: HSN Code 84295200 Export-Import Analysis

Consistent Export Growth: 25.67% CAGR Over 7 Years

India's exports under HSN Code 84295200 have grown at a compound annual rate of 25.67% over 7 fiscal years, rising from ₹1,300.49 Crore in FY 2018-19 to ₹5,121.57 Crore in FY 2024-25.

HSN Code 84295200 Ranked #94 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84295200 ranks #94 out of 12657 HSN codes by total export value. Within Sub-Chapter 8429, it ranks #1 of 12. By trade surplus, it ranks #103 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 84295200 Exports

The strongest single-year export movement for HSN Code 84295200 was recorded in FY 2021-22, when exports surged by 104.47% over the prior year.

India Maintains a Trade Surplus of ₹3,266.61 Crore in HSN Code 84295200 Goods

In FY 2024-25, India's exports of ₹5,121.57 Cr exceeded imports of ₹1,854.96 Cr, resulting in a trade surplus of ₹3,266.61 Crore — ranking #103 of 12657 by surplus magnitude.

Import Growth of 17.50% CAGR Signals Rising Demand for Metal Forming Machines

India's imports under HSN Code 84295200 have grown at 17.50% CAGR, reaching ₹1,854.96 Crore in FY 2024-25.

HSN Code 84295200 Contributes 42.05% of Sub-Chapter 8429 Exports — Ranked #1

Among the 12 HSN codes under Sub-Chapter 8429, HSN Code 84295200 ranks #1 by export value — accounting for 42.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 43.89% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84295200 and GST compliance.

What products are classified under HSN 84295200 ?

It includes Self-Propelled Coal Cutters

Any common misclassification issue with Metal Forming Machines?

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 Metal Forming Machines?

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

How much GST applies to Metal Forming Machines?

Under HSN 84295200, Metal Forming Machines attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Metal Forming Machines?

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 Metal Forming Machines?

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.

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.