--- title: "HSN Code for Circular Knitting Machines, Wool (≤165mm) | HSN 84471119 GST Rate" description: "Find HSN and GST Rates for 84471119 related to Circular Knitting Machines, Wool (≤165mm) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84471119/" --- # HSN Code 84471119: Circular Knitting Machines, Wool (≤165mm) - [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 8447: Knitting & Stitch-Bonding Machines](https://busy.in/hsn/sub-chapter-8447/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Circular knitting machines : With cylinder diameter not exceeding 165 mm : Wool knitting machines : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84471119 ? It includes Circular Knitting Machines, Cotton Hosiery (>165mm) ### How should mixed supplies be billed when Circular Knitting Machines, Wool (≤165mm) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Circular Knitting Machines, Wool (≤165mm); Nil for exempt items if applicable). ### How much GST applies to Circular Knitting Machines, Wool (≤165mm)? Under HSN 84471119, Circular Knitting Machines, Wool (≤165mm) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Circular Knitting Machines, Wool (≤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. ### Any common misclassification issue with Circular Knitting Machines, Wool (≤165mm)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Circular Knitting Machines, Wool (≤165mm)? 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 84471119 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: ₹64 Cr (−42.42% YoY) — 0.0010% of India's total imports - Trade balance: −₹64 Cr (Deficit); surplus rank #10431 of 12657 HSN codes - Share of Sub-Chapter 8447: 0.00% of its exports; import side 1.32% ### Key metrics - Peak growth year: +205.41% in FY 2020-21 - Contribution to Sub-Ch. 8447: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84471119 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. 8447 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8447 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 3.51% | 86.92 | 0.0024% | — | 4.75% | −86.32 | #8049 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +23.33% | 2.31% | 91.68 | 0.0027% | +5.48% | 4.45% | −90.94 | #7881 | | FY 2020-21 | 2.26 | 0.0001% | +205.41% | 7.10% | 98.99 | 0.0034% | +7.97% | 7.11% | −96.73 | #6838 | | FY 2021-22 | 1.23 | 0.0000% | −45.58% | 1.70% | 97.06 | 0.0021% | −1.95% | 3.68% | −95.83 | #7806 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −49.59% | 2.35% | 67.55 | 0.0012% | −30.40% | 2.04% | −66.93 | #8510 | | FY 2023-24 | 1.02 | 0.0000% | +64.52% | 3.64% | 110.46 | 0.0020% | +63.52% | 3.03% | −109.44 | #8230 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | 63.60 | 0.0010% | −42.42% | 1.32% | −63.60 | — | - CAGR (7-year): exports —/yr, imports -5.07%/yr (consistently Deficit) ## Key trade insights: HSN Code 84471119 export-import analysis ### Export snapshot for HSN Code 84471119 India exported ₹0.00 Crore worth of Circular Knitting Machines, Wool (≤165mm) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2020-21 was the strongest growth year for HSN Code 84471119 exports The strongest single-year export movement for HSN Code 84471119 was recorded in FY 2020-21, when exports surged by 205.41% over the prior year. ### India records a trade deficit of ₹63.60 Crore in HSN Code 84471119 goods In FY 2024-25, India's imports of ₹63.60 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹63.60 Crore — ranking #10431 of 12657 by surplus magnitude. ### Import growth of -5.07% CAGR signals stable import dependency for Circular Knitting Machines, Wool (≤165mm) India's imports under HSN Code 84471119 have grown at -5.07% CAGR, reaching ₹63.60 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 8447 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84479030: Other : Other](https://busy.in/hsn/hsn-84479030/) | ₹15 Cr | | #2 | [HSN Code 84472090: Flat knitting machines](https://busy.in/hsn/hsn-84472090/) | ₹4 Cr | | #3 | [HSN Code 84479020: Other \| Machines For Making Embroidery](https://busy.in/hsn/hsn-84479020/) | ₹2 Cr | | #4 | [HSN Code 84472020: Wool Knitting Machines](https://busy.in/hsn/hsn-84472020/) | ₹1 Cr | | #5 | [HSN Code 84471290: Circular Knitting Machines, Other (>165mm)](https://busy.in/hsn/hsn-84471290/) | ₹1 Cr | | #6 | [HSN Code 84471111: Hand Wool Knit (<=165mm)](https://busy.in/hsn/hsn-84471111/) | < ₹1 Crore | | #7 | [HSN Code 84479010: Other : Machines for making of tulle and lace](https://busy.in/hsn/hsn-84479010/) | < ₹1 Crore | | #8 | [HSN Code 84472010: Hand Knitting Machines (Wool)](https://busy.in/hsn/hsn-84472010/) | < ₹1 Crore | | #9 | [HSN Code 84471211: Hand Wool Knit (>165mm)](https://busy.in/hsn/hsn-84471211/) | < ₹1 Crore | | #9 | [HSN Code 84471219: Circular Knitting Machines, Wool (>165mm)](https://busy.in/hsn/hsn-84471219/) | < ₹1 Crore | | — | HSN Code 84471119: Circular Knitting Machines, Wool (≤165mm) (this hsn code) | Nil |