--- title: "HSN Code for Machinery, apparatus and equipment : Chases | HSN 84423020 GST Rate" description: "Find HSN and GST Rates for 84423020 related to Machinery, apparatus and equipment : Chases with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84423020/" --- # HSN Code 84423020: Machinery, apparatus and equipment : Chases - [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 8442: Plate making Machinery & equipment](https://busy.in/hsn/sub-chapter-8442/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Machinery, apparatus and equipment : Chases | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84423020 ? It includes Plate For Textile Printing Machine ### Does packaging or labelling change the GST for Machinery, apparatus and equipment : Chases? 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. ### Can we claim ITC on inputs used to trade Machinery, apparatus and equipment : Chases? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Machinery, apparatus and equipment : Chases is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Machinery, apparatus and equipment : Chases; Nil for exempt items if applicable). ### Any common misclassification issue with Machinery, apparatus and equipment : Chases? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Machinery, apparatus and equipment : Chases? Under HSN 84423020, Machinery, apparatus and equipment : Chases attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Machinery, apparatus and equipment : Chases? 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. ## India's trade performance: HSN Code 84423020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (+831.82% YoY) — 0.0001% of India's total exports - Imports: < ₹1 Crore (+28.57% YoY) — 0.0000% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4236 of 12657 HSN codes - Share of Sub-Chapter 8442: 1.31% of its exports; import side 0.02% - Rank within Sub-Chapter 8442: #8 of 18 by export value; import-side #9 ### Key metrics - Export CAGR: 116.33% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7577 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +831.82% in FY 2024-25 - Contribution to Sub-Ch. 8442: 1.31% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84423020 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. 8442 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8442 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.02% | Nil | 0.0000% | — | 0.00% | +0.02 | #9774 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −50.00% | 0.01% | < ₹1 Crore | 0.0000% | — | 0.02% | −0.08 | #9870 | | FY 2020-21 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.01% | −0.04 | — | | FY 2022-23 | < ₹1 Crore | 0.0000% | — | 0.04% | < ₹1 Crore | 0.0000% | +1,725.00% | 0.12% | −0.69 | #9967 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +450.00% | 0.18% | < ₹1 Crore | 0.0000% | −90.41% | 0.01% | +0.15 | #9379 | | FY 2024-25 | 2.05 | 0.0001% | +831.82% | 1.31% | < ₹1 Crore | 0.0000% | +28.57% | 0.02% | +1.96 | #7577 | - CAGR (7-year): exports 116.33%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 84423020 export-import analysis ### Consistent export growth: 116.33% CAGR over 7 years India's exports under HSN Code 84423020 have grown at a compound annual rate of 116.33% over 7 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹2.05 Crore in FY 2024-25. ### HSN Code 84423020 ranked #7577 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84423020 ranks #7577 out of 12657 HSN codes by total export value. Within Sub-Chapter 8442, it ranks #8 of 18. By trade surplus, it ranks #4236 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 84423020 exports The strongest single-year export movement for HSN Code 84423020 was recorded in FY 2024-25, when exports surged by 831.82% over the prior year. ### India maintains a trade surplus of ₹1.96 Crore in HSN Code 84423020 goods In FY 2024-25, India's exports of ₹2.05 Cr exceeded imports of ₹0.09 Cr, resulting in a trade surplus of ₹1.96 Crore — ranking #4236 of 12657 by surplus magnitude. ### HSN Code 84423020 contributes 1.31% of Sub-Chapter 8442 exports — ranked #8 Among the 18 HSN codes under Sub-Chapter 8442, HSN Code 84423020 ranks #8 by export value — accounting for 1.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #9). ## Related HSN Codes in Sub-Chapter 8442 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84425031: Plate For Textile Printing Machine](https://busy.in/hsn/hsn-84425031/) | ₹44 Cr | | #2 | [HSN Code 84425020: Highly Polished Zinc Sheets (Process Blocks)](https://busy.in/hsn/hsn-84425020/) | ₹37 Cr | | #3 | [HSN Code 84425090: Lithographic Plates](https://busy.in/hsn/hsn-84425090/) | ₹30 Cr | | #4 | [HSN Code 84425010: Other Prepared Printing Plates/Stones](https://busy.in/hsn/hsn-84425010/) | ₹20 Cr | | #5 | [HSN Code 84423090: Machinery\| Footwear Making/Repair](https://busy.in/hsn/hsn-84423090/) | ₹11 Cr | | #6 | [HSN Code 84425039: Other Printing Plates/Cylinders](https://busy.in/hsn/hsn-84425039/) | ₹6 Cr | | #7 | [HSN Code 84424000: Parts for printing machinery](https://busy.in/hsn/hsn-84424000/) | ₹6 Cr | | #8 | HSN Code 84423020: Machinery, apparatus and equipment : Chases (this hsn code) | ₹2 Cr | | #9 | [HSN Code 84423010: Machinery, apparatus and equipment : Brass rules](https://busy.in/hsn/hsn-84423010/) | < ₹1 Crore | | #10 | [HSN Code 84425040: Pearlescent Pigment (TiO2 on Mica)](https://busy.in/hsn/hsn-84425040/) | < ₹1 Crore |