--- title: "HSN Code for Wool Processing Machines: Other Textile Fibre Preparation | HSN 84371000 GST Rate" description: "Find HSN and GST Rates for 84371000 related to Wool Processing Machines: Other Textile Fibre Preparation with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84371000/" --- # HSN Code 84371000: Wool Processing Machines: Other Textile Fibre Preparation - [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 8437: Grain Sorting Machines](https://busy.in/hsn/sub-chapter-8437/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84371000 ? It includes Parts | Of Rice Mill Machinery ### Does packaging or labelling change the GST for Wool Processing Machines: Other Textile Fibre Preparation? 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. ### How much GST applies to Wool Processing Machines: Other Textile Fibre Preparation? Under HSN 84371000, Wool Processing Machines: Other Textile Fibre Preparation attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Wool Processing Machines: Other Textile Fibre Preparation? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Wool Processing Machines: Other Textile Fibre Preparation is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wool Processing Machines: Other Textile Fibre Preparation; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Wool Processing Machines: Other Textile Fibre Preparation? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 84371000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹163 Cr (−0.05% YoY) — 0.0044% of India's total exports - Imports: ₹816 Cr (−12.84% YoY) — 0.0134% of India's total imports - Trade balance: −₹653 Cr (Deficit); surplus rank #12039 of 12657 HSN codes - Share of Sub-Chapter 8437: 23.10% of its exports; import side 46.34% - Rank within Sub-Chapter 8437: #2 of 7 by export value; import-side #1 ### Key metrics - Export CAGR: 3.60% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2069 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +27.88% in FY 2021-22 - Contribution to Sub-Ch. 8437: 23.10% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84371000 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. 8437 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8437 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 131.82 | 0.0058% | — | 27.80% | 343.43 | 0.0096% | — | 42.19% | −211.61 | #1711 | | FY 2019-20 | 153.97 | 0.0070% | +16.80% | 30.48% | 421.02 | 0.0126% | +22.59% | 43.18% | −267.05 | #1561 | | FY 2020-21 | 135.97 | 0.0063% | −11.69% | 24.25% | 561.66 | 0.0193% | +33.40% | 52.27% | −425.69 | #1755 | | FY 2021-22 | 173.88 | 0.0055% | +27.88% | 26.97% | 608.48 | 0.0133% | +8.34% | 47.88% | −434.60 | #1788 | | FY 2022-23 | 203.13 | 0.0056% | +16.82% | 26.72% | 837.45 | 0.0146% | +37.63% | 50.86% | −634.32 | #1722 | | FY 2023-24 | 163.06 | 0.0045% | −19.73% | 22.89% | 936.20 | 0.0167% | +11.79% | 46.68% | −773.14 | #2013 | | FY 2024-25 | 162.98 | 0.0044% | −0.05% | 23.10% | 815.95 | 0.0134% | −12.84% | 46.34% | −652.97 | #2069 | - CAGR (7-year): exports 3.60%/yr, imports 15.51%/yr (consistently Deficit) ## Key trade insights: HSN Code 84371000 export-import analysis ### Consistent export growth: 3.60% CAGR over 7 years India's exports under HSN Code 84371000 have grown at a compound annual rate of 3.60% over 7 fiscal years, rising from ₹131.82 Crore in FY 2018-19 to ₹162.98 Crore in FY 2024-25. ### HSN Code 84371000 ranked #2069 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84371000 ranks #2069 out of 12657 HSN codes by total export value. Within Sub-Chapter 8437, it ranks #2 of 7. By trade surplus, it ranks #12039 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 84371000 exports The strongest single-year export movement for HSN Code 84371000 was recorded in FY 2021-22, when exports surged by 27.88% over the prior year. ### India records a trade deficit of ₹652.97 Crore in HSN Code 84371000 goods In FY 2024-25, India's imports of ₹815.95 Cr exceeded exports of ₹162.98 Cr, resulting in a trade deficit of ₹652.97 Crore — ranking #12039 of 12657 by surplus magnitude. ### Import growth of 15.51% CAGR signals rising demand for Wool Processing Machines: Other Textile Fibre Preparation India's imports under HSN Code 84371000 have grown at 15.51% CAGR, reaching ₹815.95 Crore in FY 2024-25. ### HSN Code 84371000 contributes 23.10% of Sub-Chapter 8437 exports — ranked #2 Among the 7 HSN codes under Sub-Chapter 8437, HSN Code 84371000 ranks #2 by export value — accounting for 23.10% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 46.34% share (rank #1). ## Related HSN Codes in Sub-Chapter 8437 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84379020: Parts \| Of Rice Mill Machinery](https://busy.in/hsn/hsn-84379020/) | ₹174 Cr | | #2 | HSN Code 84371000: Wool Processing Machines: Other Textile Fibre Preparation (this hsn code) | ₹163 Cr | | #3 | [HSN Code 84379010: Parts \| Of Flour Mill Machinery](https://busy.in/hsn/hsn-84379010/) | ₹95 Cr | | #4 | [HSN Code 84379090: Parts for Machines Sorting Seed, Grain & Legumes](https://busy.in/hsn/hsn-84379090/) | ₹81 Cr | | #5 | [HSN Code 84378010: Other Machinery \| Flour Mill Machinery](https://busy.in/hsn/hsn-84378010/) | ₹74 Cr | | #6 | [HSN Code 84378020: Other machinery : Rice mill machinery](https://busy.in/hsn/hsn-84378020/) | ₹68 Cr | | #7 | [HSN Code 84378090: Other machinery : Other](https://busy.in/hsn/hsn-84378090/) | ₹51 Cr |