HSN Code 84314390 represents Other Boring/Sinking Machinery Parts under GST classification. This code helps businesses identify Other Boring/Sinking Machinery Parts correctly for billing, taxation, and trade. With HSN Code 84314390, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Boring/Sinking Machinery Parts.
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HSN Code 84314390 relates to the following description.
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Parts suitable for use solely or principally with the machinery of headings 8425 to 8430
Of machinery of heading 8426, 8429 or 8430 : Parts of boring or sinking machinery of subheading 8430 41 or 8430 49 : Other
9%
9%
18%
0%
Description of Goods
Of machinery of heading 8426, 8429 or 8430 : Parts of boring or sinking machinery of subheading 8430 41 or 8430 49 : Other
Chapter
84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Sub Chapter
8431 - Parts suitable for use solely or principally with the machinery of headings 8425 to 8430
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Other Boring/Sinking Machinery Parts does not include products with the following descriptions.
Of machinery of heading 8425 : Of pulley tackle and hoists, other than ship hoists, winches or capstans
Of machinery of heading 8425 : Other
Of machinery of heading 8427 : Of fork lift trucks
Of machinery of heading 8427 : Other
Of machinery of heading 8428: Of lifts, skip hoists or escalators
Of machinery of heading 8428: Other : Of elevators, conveyors and moving equipments
Of machinery of heading 8428: Other : Other
Of machinery of heading 8426, 8429 or 8430 : Buckets, shovels, grabs and grips
Of machinery of heading 8426, 8429 or 8430 : Bulldozers or angledozer blades
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
Of machinery of heading 8426, 8429 or 8430 : Other : Of road rollers, mechanically propelled
Of machinery of heading 8426, 8429 or 8430 : Other : Of ships derricks and cranes
Of machinery of heading 8426, 8429 or 8430 : Other : Of other excavating, levelling, tamping or excavating machinery for earth, mineral or ores
Of machinery of heading 8426, 8429 or 8430 : Other : Of pile driver, snow plough, not self-propelled
Of machinery of heading 8426, 8429 or 8430 : Other : Other
Of machinery of heading 8425 : Of pulley tackle and hoists, other than ship hoists, winches or capstans
Of machinery of heading 8425 : Other
Of machinery of heading 8427 : Of fork lift trucks
Of machinery of heading 8427 : Other
Of machinery of heading 8428: Of lifts, skip hoists or escalators
Of machinery of heading 8428: Other : Of elevators, conveyors and moving equipments
Of machinery of heading 8428: Other : Other
Of machinery of heading 8426, 8429 or 8430 : Buckets, shovels, grabs and grips
Of machinery of heading 8426, 8429 or 8430 : Bulldozers or angledozer blades
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
Of machinery of heading 8426, 8429 or 8430 : Other : Of road rollers, mechanically propelled
Of machinery of heading 8426, 8429 or 8430 : Other : Of ships derricks and cranes
Of machinery of heading 8426, 8429 or 8430 : Other : Of other excavating, levelling, tamping or excavating machinery for earth, mineral or ores
Of machinery of heading 8426, 8429 or 8430 : Other : Of pile driver, snow plough, not self-propelled
Of machinery of heading 8426, 8429 or 8430 : Other : Other
India’s Exports
FY 2024-25₹1,657 Cr
0.0450% of India’s total exports
India’s Imports
FY 2024-25₹1,803 Cr
0.0297% of India’s total imports
Trade Balance
FY 2024-25−₹145 Cr
Surplus rank #11078 of 12657 HSN codes
% of Sub-Chapter 8431
FY 2024-2514.23%
Share of Sub-Chapter 8431’s total exports in FY 2024-25
Import side: 11.88% of Sub-Chapter 8431’s imports
Rank Within Sub-Chapter 8431
FY 2024-25#3 of 16
Position by export value among HSN codes in Sub-Chapter 8431
Import-side rank: #3 of 16
At a glance
8.68%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#336
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+47.46%
Peak Growth Year
FY 2021-22 · strongest single-year move
14.23%
Contribution to Sub-Ch. 8431
Share of Sub-Chapter 8431 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−714.46
Exports
1,005.82 ₹ Cr
0.0440% share
— YoY
18.89% of Sub-Ch. 8431
Imports
1,720.28 ₹ Cr
0.0480% share
— YoY
16.28% of Sub-Ch. 8431
Balance
−580.75
Exports
1,124.23 ₹ Cr
0.0511% share
+11.77% YoY
20.76% of Sub-Ch. 8431
Imports
1,704.98 ₹ Cr
0.0509% share
−0.89% YoY
20.47% of Sub-Ch. 8431
Balance
−964.55
Exports
586.29 ₹ Cr
0.0273% share
−47.85% YoY
13.02% of Sub-Ch. 8431
Imports
1,550.84 ₹ Cr
0.0532% share
−9.04% YoY
17.97% of Sub-Ch. 8431
Balance
−567.52
Exports
864.55 ₹ Cr
0.0275% share
+47.46% YoY
11.13% of Sub-Ch. 8431
Imports
1,432.07 ₹ Cr
0.0313% share
−7.66% YoY
12.44% of Sub-Ch. 8431
Balance
−348.09
Exports
1,193.85 ₹ Cr
0.0330% share
+38.09% YoY
11.99% of Sub-Ch. 8431
Imports
1,541.94 ₹ Cr
0.0268% share
+7.67% YoY
12.45% of Sub-Ch. 8431
Balance
−153.02
Exports
1,452.18 ₹ Cr
0.0401% share
+21.64% YoY
12.85% of Sub-Ch. 8431
Imports
1,605.20 ₹ Cr
0.0286% share
+4.10% YoY
11.46% of Sub-Ch. 8431
Balance
−145.40
Exports
1,657.36 ₹ Cr
0.0450% share
+14.13% YoY
14.23% of Sub-Ch. 8431
Imports
1,802.76 ₹ Cr
0.0297% share
+12.31% YoY
11.88% of Sub-Ch. 8431
CAGR · 7-Year
Exports
8.68% /yr
Imports
0.78% /yr
reference, FY 2024-25
Export
₹11,647.68 Cr
Import
₹15,176.26 Cr
Trade Balance
−3,528.58
India's exports under HSN Code 84314390 have grown at a compound annual rate of 8.68% over 7 fiscal years, rising from ₹1,005.82 Crore in FY 2018-19 to ₹1,657.36 Crore in FY 2024-25.
In FY 2024-25, HSN Code 84314390 ranks #336 out of 12657 HSN codes by total export value. Within Sub-Chapter 8431, it ranks #3 of 16. By trade surplus, it ranks #11078 of 12657.
The strongest single-year export movement for HSN Code 84314390 was recorded in FY 2021-22, when exports surged by 47.46% over the prior year.
In FY 2024-25, India's imports of ₹1,802.76 Cr exceeded exports of ₹1,657.36 Cr, resulting in a trade deficit of ₹145.40 Crore — ranking #11078 of 12657 by surplus magnitude.
India's imports under HSN Code 84314390 have grown at 0.78% CAGR, reaching ₹1,802.76 Crore in FY 2024-25.
Among the 16 HSN codes under Sub-Chapter 8431, HSN Code 84314390 ranks #3 by export value — accounting for 14.23% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.88% share (rank #3).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 84314390 and GST compliance.
It includes Parts of machinery
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Under HSN 84314390, Other Boring/Sinking Machinery Parts attracts Varies when sold in taxable form. Describe the exact form on the invoice.