--- title: "HSN Code for Parts of Self-Propelled Boring/Sinking Machinery | HSN 84314310 GST Rate" description: "Find HSN and GST Rates for 84314310 related to Parts of Self-Propelled Boring/Sinking Machinery with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84314310/" --- # HSN Code 84314310: Parts of Self-Propelled Boring/Sinking Machinery - [Section 16: Guide to HSN Section 16](https://busy.in/hsn/section-16/) - [Chapter 84: Nuclear Reactors, Boilers & Machinery](https://busy.in/hsn/chapter-84/) - [Sub-chapter 8431: Machinery parts for headings 8425-8430](https://busy.in/hsn/sub-chapter-8431/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of machinery of heading 8426, 8429 or 8430 : Parts of boring or sinking machinery of subheading 8430 41 or 8430 49 : Of boring or sinking machinery, self-propelled | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84314310 ? It includes Parts for Harvesting Machines ### How much GST applies to Parts of Self-Propelled Boring/Sinking Machinery? Under HSN 84314310, Parts of Self-Propelled Boring/Sinking Machinery attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Parts of Self-Propelled Boring/Sinking Machinery? 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 of Self-Propelled Boring/Sinking Machinery? 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 should mixed supplies be billed when Parts of Self-Propelled Boring/Sinking Machinery is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Parts of Self-Propelled Boring/Sinking Machinery; Nil for exempt items if applicable). ### Any common misclassification issue with Parts of Self-Propelled Boring/Sinking Machinery? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Parts of Self-Propelled Boring/Sinking Machinery? 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. ## India's trade performance: HSN Code 84314310 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹459 Cr (+6.07% YoY) — 0.0125% of India's total exports - Imports: ₹278 Cr (+18.40% YoY) — 0.0046% of India's total imports - Trade balance: ₹180 Cr (Surplus); surplus rank #1215 of 12657 HSN codes - Share of Sub-Chapter 8431: 3.94% of its exports; import side 1.83% - Rank within Sub-Chapter 8431: #8 of 16 by export value; import-side #8 ### Key metrics - Export CAGR: 10.09% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1078 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +20.85% in FY 2021-22 - Contribution to Sub-Ch. 8431: 3.94% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84314310 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 8431 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8431 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 257.79 | 0.0113% | — | 4.84% | 220.87 | 0.0062% | — | 2.09% | +36.92 | #1104 | | FY 2019-20 | 262.87 | 0.0119% | +1.97% | 4.85% | 107.90 | 0.0032% | −51.15% | 1.30% | +154.97 | #1101 | | FY 2020-21 | 266.61 | 0.0124% | +1.42% | 5.92% | 302.86 | 0.0104% | +180.69% | 3.51% | −36.25 | #1116 | | FY 2021-22 | 322.19 | 0.0103% | +20.85% | 4.15% | 743.35 | 0.0163% | +145.44% | 6.46% | −421.16 | #1235 | | FY 2022-23 | 368.21 | 0.0102% | +14.28% | 3.70% | 172.61 | 0.0030% | −76.78% | 1.39% | +195.60 | #1160 | | FY 2023-24 | 432.57 | 0.0120% | +17.48% | 3.83% | 235.13 | 0.0042% | +36.22% | 1.68% | +197.44 | #1078 | | FY 2024-25 | 458.83 | 0.0125% | +6.07% | 3.94% | 278.40 | 0.0046% | +18.40% | 1.83% | +180.43 | #1078 | - CAGR (7-year): exports 10.09%/yr, imports 3.93%/yr (consistently Surplus) ## Key trade insights: HSN Code 84314310 export-import analysis ### Consistent export growth: 10.09% CAGR over 7 years India's exports under HSN Code 84314310 have grown at a compound annual rate of 10.09% over 7 fiscal years, rising from ₹257.79 Crore in FY 2018-19 to ₹458.83 Crore in FY 2024-25. ### HSN Code 84314310 ranked #1078 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84314310 ranks #1078 out of 12657 HSN codes by total export value. Within Sub-Chapter 8431, it ranks #8 of 16. By trade surplus, it ranks #1215 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 84314310 exports The strongest single-year export movement for HSN Code 84314310 was recorded in FY 2021-22, when exports surged by 20.85% over the prior year. ### India maintains a trade surplus of ₹180.43 Crore in HSN Code 84314310 goods In FY 2024-25, India's exports of ₹458.83 Cr exceeded imports of ₹278.40 Cr, resulting in a trade surplus of ₹180.43 Crore — ranking #1215 of 12657 by surplus magnitude. ### Import growth of 3.93% CAGR signals stable import dependency for Parts of Self-Propelled Boring/Sinking Machinery India's imports under HSN Code 84314310 have grown at 3.93% CAGR, reaching ₹278.40 Crore in FY 2024-25. ### HSN Code 84314310 contributes 3.94% of Sub-Chapter 8431 exports — ranked #8 Among the 16 HSN codes under Sub-Chapter 8431, HSN Code 84314310 ranks #8 by export value — accounting for 3.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.83% share (rank #8). ## Related HSN Codes in Sub-Chapter 8431 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84314990: Parts of machinery](https://busy.in/hsn/hsn-84314990/) | ₹3,233 Cr | | #2 | [HSN Code 84314930: Earth/Mineral/Ore Excavating Machinery Parts](https://busy.in/hsn/hsn-84314930/) | ₹2,677 Cr | | #3 | [HSN Code 84314390: Other Boring/Sinking Machinery Parts](https://busy.in/hsn/hsn-84314390/) | ₹1,657 Cr | | #4 | [HSN Code 84313990: Of machinery of heading 8428: Other : Other](https://busy.in/hsn/hsn-84313990/) | ₹877 Cr | | #5 | [HSN Code 84314100: Buckets, Shovels, Grabs & Grips: Machinery Parts of Heading 8426-8430](https://busy.in/hsn/hsn-84314100/) | ₹556 Cr | | #6 | [HSN Code 84312090: Of Machinery Of Heading 8427 \| Other](https://busy.in/hsn/hsn-84312090/) | ₹555 Cr | | #7 | [HSN Code 84313910: Other Elevator/Conveyor/Moving Equipment Parts (Heading 8428)](https://busy.in/hsn/hsn-84313910/) | ₹543 Cr | | #8 | HSN Code 84314310: Parts of Self-Propelled Boring/Sinking Machinery (this hsn code) | ₹459 Cr | | #9 | [HSN Code 84312010: Fork lift truck parts](https://busy.in/hsn/hsn-84312010/) | ₹357 Cr | | #10 | [HSN Code 84313100: Lifts, skip hoists, escalators](https://busy.in/hsn/hsn-84313100/) | ₹295 Cr |