HSN Code 84371000 represents Wool Processing Machines: Other Textile Fibre Preparation under GST classification. This code helps businesses identify Wool Processing Machines: Other Textile Fibre Preparation correctly for billing, taxation, and trade. With HSN Code 84371000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wool Processing Machines: Other Textile Fibre Preparation.
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HSN Code 84371000 relates to the following description.
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables; machinery used in the milling industry or for the working of cereals or dried leguminous vegetables, other than farm-type machinery and parts thereof
Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables
9%
9%
18%
0%
Description of Goods
Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables
Chapter
84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Sub Chapter
8437 - Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables; machinery used in the milling industry or for the working of cereals or dried leguminous vegetables, other than farm-type machinery and parts thereof
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Wool Processing Machines: Other Textile Fibre Preparation does not include products with the following descriptions.
Other machinery : Flour mill machinery
Other machinery : Rice mill machinery
Other machinery : Other
Parts : Of flour mill machinery
Parts : Of rice mill machinery
Parts : Other
India’s Exports
FY 2024-25₹163 Cr
0.0044% of India’s total exports
India’s Imports
FY 2024-25₹816 Cr
0.0134% of India’s total imports
Trade Balance
FY 2024-25−₹653 Cr
Surplus rank #12039 of 12657 HSN codes
% of Sub-Chapter 8437
FY 2024-2523.10%
Share of Sub-Chapter 8437’s total exports in FY 2024-25
Import side: 46.34% of Sub-Chapter 8437’s imports
Rank Within Sub-Chapter 8437
FY 2024-25#2 of 7
Position by export value among HSN codes in Sub-Chapter 8437
Import-side rank: #1 of 7
At a glance
3.60%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2069
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+27.88%
Peak Growth Year
FY 2021-22 · strongest single-year move
23.10%
Contribution to Sub-Ch. 8437
Share of Sub-Chapter 8437 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
−211.61
Exports
131.82 ₹ Cr
0.0058% share
— YoY
27.80% of Sub-Ch. 8437
Imports
343.43 ₹ Cr
0.0096% share
— YoY
42.19% of Sub-Ch. 8437
Balance
−267.05
Exports
153.97 ₹ Cr
0.0070% share
+16.80% YoY
30.48% of Sub-Ch. 8437
Imports
421.02 ₹ Cr
0.0126% share
+22.59% YoY
43.18% of Sub-Ch. 8437
Balance
−425.69
Exports
135.97 ₹ Cr
0.0063% share
−11.69% YoY
24.25% of Sub-Ch. 8437
Imports
561.66 ₹ Cr
0.0193% share
+33.40% YoY
52.27% of Sub-Ch. 8437
Balance
−434.60
Exports
173.88 ₹ Cr
0.0055% share
+27.88% YoY
26.97% of Sub-Ch. 8437
Imports
608.48 ₹ Cr
0.0133% share
+8.34% YoY
47.88% of Sub-Ch. 8437
Balance
−634.32
Exports
203.13 ₹ Cr
0.0056% share
+16.82% YoY
26.72% of Sub-Ch. 8437
Imports
837.45 ₹ Cr
0.0146% share
+37.63% YoY
50.86% of Sub-Ch. 8437
Balance
−773.14
Exports
163.06 ₹ Cr
0.0045% share
−19.73% YoY
22.89% of Sub-Ch. 8437
Imports
936.20 ₹ Cr
0.0167% share
+11.79% YoY
46.68% of Sub-Ch. 8437
Balance
−652.97
Exports
162.98 ₹ Cr
0.0044% share
−0.05% YoY
23.10% of Sub-Ch. 8437
Imports
815.95 ₹ Cr
0.0134% share
−12.84% YoY
46.34% of Sub-Ch. 8437
CAGR · 7-Year
Exports
3.60% /yr
Imports
15.51% /yr
reference, FY 2024-25
Export
₹705.52 Cr
Import
₹1,760.88 Cr
Trade Balance
−1,055.36
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.
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.
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.
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.
India's imports under HSN Code 84371000 have grown at 15.51% CAGR, reaching ₹815.95 Crore in FY 2024-25.
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).
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 84371000 and GST compliance.
It includes Parts | Of Rice Mill 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.
Under HSN 84371000, Wool Processing Machines: Other Textile Fibre Preparation attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.