HSN Code 84471111: Hand Wool Knit (<=165mm)

HSN Code 84471111 represents Hand Wool Knit (<=165mm) under GST classification. This code helps businesses identify Hand Wool Knit (<=165mm) correctly for billing, taxation, and trade. With HSN Code 84471111, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hand Wool Knit (<=165mm).

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Description of Goods for HSN Code 84471111

HSN Code 84471111 relates to the following description.

Description of Goods

Circular knitting machines : With cylinder diameter not exceeding 165 mm : Wool knitting machines : Hand knitting machines

Chapter

84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

Sub Chapter

8447 - Knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net and machines for tufting

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84471111 not include?

Hand Wool Knit (<=165mm) does not include products with the following descriptions.

HSN Code 84471119

Circular knitting machines : With cylinder diameter not exceeding 165 mm : Wool knitting machines : Other

HSN Code 84471120

Circular knitting machines : With cylinder diameter not exceeding 165 mm : Cotton hosiery machines

HSN Code 84471190

Circular knitting machines : With cylinder diameter not exceeding 165 mm : Other

HSN Code 84471211

Circular knitting machines : With cylinder diameter exceeding 165 mm : Wool knitting machines : Hand knitting machines

HSN Code 84471219

Circular knitting machines : With cylinder diameter exceeding 165 mm : Wool knitting machines : Other

HSN Code 84471220

Circular knitting machines : With cylinder diameter exceeding 165 mm : Cotton hosiery machines

HSN Code 84471290

Circular knitting machines : With cylinder diameter exceeding 165 mm : Other

HSN Code 84472010

Flat kniting machines; stitch-bonding machines : Hand knitting machines for wool

HSN Code 84472020

Flat kniting machines; stitch-bonding machines : Other knitting machines for wool

India’s Trade Performance — HSN Code 84471111 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

+120.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

+4.65% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹2 Cr

Trade Deficit

Surplus rank #8150 of 12657 HSN codes

% of Sub-Chapter 8447

FY 2024-25

1.82%

Share of Sub-Chapter 8447’s total exports in FY 2024-25

Import side: 0.05% of Sub-Chapter 8447’s imports

Rank Within Sub-Chapter 8447

FY 2024-25

#6 of 15

Position by export value among HSN codes in Sub-Chapter 8447

Import-side rank: #14 of 15

At a glance

11.42%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#8914

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+221.74%

Peak Growth Year

FY 2019-20 · strongest single-year move

1.82%

Contribution to Sub-Ch. 8447

Share of Sub-Chapter 8447 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84471111

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #8711

Balance

−0.47

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

1.35% of Sub-Ch. 8447

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.04% of Sub-Ch. 8447

FY 2019-20 Exp. Rank #7881

Balance

−0.85

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+221.74% YoY

2.31% of Sub-Ch. 8447

Imports

1.59 ₹ Cr

0.0000% share

+127.14% YoY

0.08% of Sub-Ch. 8447

FY 2020-21 Exp. Rank #8314

Balance

−0.26

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−39.19% YoY

1.41% of Sub-Ch. 8447

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−55.35% YoY

0.05% of Sub-Ch. 8447

FY 2021-22 Exp. Rank #8765

Balance

+0.24

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−15.56% YoY

0.53% of Sub-Ch. 8447

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.28% YoY

0.01% of Sub-Ch. 8447

FY 2022-23 Exp. Rank #8913

Balance

−1.39

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−2.63% YoY

1.41% of Sub-Ch. 8447

Imports

1.76 ₹ Cr

0.0000% share

+1,157.14% YoY

0.05% of Sub-Ch. 8447

FY 2023-24 Exp. Rank #9440

Balance

−1.95

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−45.95% YoY

0.71% of Sub-Ch. 8447

Imports

2.15 ₹ Cr

0.0000% share

+22.16% YoY

0.06% of Sub-Ch. 8447

FY 2024-25 Exp. Rank #8914

Balance

−1.81

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+120.00% YoY

1.82% of Sub-Ch. 8447

Imports

2.25 ₹ Cr

0.0000% share

+4.65% YoY

0.05% of Sub-Ch. 8447

CAGR · 7-Year

Exports

11.42% /yr

Imports

21.48% /yr

Consistently Deficit
Sub-Chapter 8447 total

reference, FY 2024-25

Export

₹24.16 Cr

Import

₹4,820.67 Cr

Trade Balance

−4,796.51

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 84471111 Export-Import Analysis

Consistent Export Growth: 11.42% CAGR Over 7 Years

India's exports under HSN Code 84471111 have grown at a compound annual rate of 11.42% over 7 fiscal years, rising from ₹0.23 Crore in FY 2018-19 to ₹0.44 Crore in FY 2024-25.

HSN Code 84471111 Ranked #8914 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84471111 ranks #8914 out of 12657 HSN codes by total export value. Within Sub-Chapter 8447, it ranks #6 of 15. By trade surplus, it ranks #8150 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 84471111 Exports

The strongest single-year export movement for HSN Code 84471111 was recorded in FY 2019-20, when exports surged by 221.74% over the prior year.

India Records a Trade Deficit of ₹1.81 Crore in HSN Code 84471111 Goods

In FY 2024-25, India's imports of ₹2.25 Cr exceeded exports of ₹0.44 Cr, resulting in a trade deficit of ₹1.81 Crore — ranking #8150 of 12657 by surplus magnitude.

Import Growth of 21.48% CAGR Signals Rising Demand for Hand Wool Knit (<=165mm)

India's imports under HSN Code 84471111 have grown at 21.48% CAGR, reaching ₹2.25 Crore in FY 2024-25.

HSN Code 84471111 Contributes 1.82% of Sub-Chapter 8447 Exports — Ranked #6

Among the 15 HSN codes under Sub-Chapter 8447, HSN Code 84471111 ranks #6 by export value — accounting for 1.82% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.05% share (rank #14).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84471111 and GST compliance.

What products are classified under HSN 84471111 ?

It includes Circular Knitting Machines, Wool (>165mm)

How much GST applies to Hand Wool Knit (<=165mm)?

Under HSN 84471111, Hand Wool Knit (<=165mm) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Hand Wool Knit (<=165mm)?

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.

Can we claim ITC on inputs used to trade Hand Wool Knit (<=165mm)?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Hand Wool Knit (<=165mm)?

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 should mixed supplies be billed when Hand Wool Knit (<=165mm) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Hand Wool Knit (<=165mm); Nil for exempt items if applicable).

Any common misclassification issue with Hand Wool Knit (<=165mm)?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.