HSN Code 84401010: Wire stitching machinery
HSN Code 84401010 represents Wire stitching machinery under GST classification. This code helps businesses identify Wire stitching machinery correctly for billing, taxation, and trade. With HSN Code 84401010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wire stitching machinery.
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Description of Goods for HSN Code 84401010
HSN Code 84401010 relates to the following description.
What does HSN Code 84401010 not include?
Wire stitching machinery does not include products with the following descriptions.
Machinery : Other
Parts
India’s Trade Performance — HSN Code 84401010 in FY 2024-25
India’s Exports
FY 2024-25₹6 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹12 Cr
0.0002% of India’s total imports
Trade Balance
FY 2024-25−₹6 Cr
Surplus rank #8740 of 12657 HSN codes
% of Sub-Chapter 8440
FY 2024-253.44%
Share of Sub-Chapter 8440’s total exports in FY 2024-25
Import side: 5.44% of Sub-Chapter 8440’s imports
Rank Within Sub-Chapter 8440
FY 2024-25#3 of 3
Position by export value among HSN codes in Sub-Chapter 8440
Import-side rank: #3 of 3
At a glance
31.31%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6453
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+444.83%
Peak Growth Year
FY 2023-24 · strongest single-year move
3.44%
Contribution to Sub-Ch. 8440
Share of Sub-Chapter 8440 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 84401010
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−12.49
Exports
1.11 ₹ Cr
0.0000% share
— YoY
1.14% of Sub-Ch. 8440
Imports
13.60 ₹ Cr
0.0004% share
— YoY
12.28% of Sub-Ch. 8440
Balance
−21.89
Exports
2.47 ₹ Cr
0.0001% share
+122.52% YoY
2.57% of Sub-Ch. 8440
Imports
24.36 ₹ Cr
0.0007% share
+79.12% YoY
18.15% of Sub-Ch. 8440
Balance
−22.17
Exports
5.37 ₹ Cr
0.0002% share
+117.41% YoY
9.28% of Sub-Ch. 8440
Imports
27.54 ₹ Cr
0.0009% share
+13.05% YoY
34.94% of Sub-Ch. 8440
Balance
−5.71
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−83.24% YoY
1.22% of Sub-Ch. 8440
Imports
6.61 ₹ Cr
0.0001% share
−76.00% YoY
14.90% of Sub-Ch. 8440
Balance
−4.02
Exports
1.16 ₹ Cr
0.0000% share
+28.89% YoY
1.05% of Sub-Ch. 8440
Imports
5.18 ₹ Cr
0.0001% share
−21.63% YoY
7.47% of Sub-Ch. 8440
Balance
−0.91
Exports
6.32 ₹ Cr
0.0002% share
+444.83% YoY
5.34% of Sub-Ch. 8440
Imports
7.23 ₹ Cr
0.0001% share
+39.58% YoY
4.93% of Sub-Ch. 8440
Balance
−6.19
Exports
5.69 ₹ Cr
0.0002% share
−9.97% YoY
3.44% of Sub-Ch. 8440
Imports
11.88 ₹ Cr
0.0002% share
+64.32% YoY
5.44% of Sub-Ch. 8440
CAGR · 7-Year
Exports
31.31% /yr
Imports
−2.23% /yr
reference, FY 2024-25
Export
₹165.64 Cr
Import
₹218.48 Cr
Trade Balance
−52.84
Key Trade Insights: HSN Code 84401010 Export-Import Analysis
Consistent Export Growth: 31.31% CAGR Over 7 Years
India's exports under HSN Code 84401010 have grown at a compound annual rate of 31.31% over 7 fiscal years, rising from ₹1.11 Crore in FY 2018-19 to ₹5.69 Crore in FY 2024-25.
HSN Code 84401010 Ranked #6453 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 84401010 ranks #6453 out of 12657 HSN codes by total export value. Within Sub-Chapter 8440, it ranks #3 of 3. By trade surplus, it ranks #8740 of 12657.
FY 2023-24 Was the Strongest Growth Year for HSN Code 84401010 Exports
The strongest single-year export movement for HSN Code 84401010 was recorded in FY 2023-24, when exports surged by 444.83% over the prior year.
India Records a Trade Deficit of ₹6.19 Crore in HSN Code 84401010 Goods
In FY 2024-25, India's imports of ₹11.88 Cr exceeded exports of ₹5.69 Cr, resulting in a trade deficit of ₹6.19 Crore — ranking #8740 of 12657 by surplus magnitude.
Import Growth of −2.23% CAGR Signals Stable Import Dependency for Wire stitching machinery
India's imports under HSN Code 84401010 have grown at −2.23% CAGR, reaching ₹11.88 Crore in FY 2024-25.
HSN Code 84401010 Contributes 3.44% of Sub-Chapter 8440 Exports — Ranked #3
Among the 3 HSN codes under Sub-Chapter 8440, HSN Code 84401010 ranks #3 by export value — accounting for 3.44% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.44% share (rank #3).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 84401010 and GST compliance.
What products are classified under HSN 84401010 ?
It includes Machines for making bags, sacks or envelopes
Can we claim ITC on inputs used to trade Wire stitching machinery?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Any common misclassification issue with Wire stitching machinery?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Do e‑way bill and e‑invoice apply for Wire stitching 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 much GST applies to Wire stitching machinery?
Under HSN 84401010, Wire stitching machinery attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Wire stitching machinery is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wire stitching machinery; Nil for exempt items if applicable).
Does packaging or labelling change the GST for Wire stitching 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.