HSN Code 84471219: Circular Knitting Machines, Wool (>165mm)

HSN Code 84471219 represents Circular Knitting Machines, Wool (>165mm) under GST classification. This code helps businesses identify Circular Knitting Machines, Wool (>165mm) correctly for billing, taxation, and trade. With HSN Code 84471219, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Circular Knitting Machines, Wool (>165mm).

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Description of Goods for HSN Code 84471219

HSN Code 84471219 relates to the following description.

Description of Goods

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

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 84471219 not include?

Circular Knitting Machines, Wool (>165mm) does not include products with the following descriptions.

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

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

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

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

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

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

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

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

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

India’s Trade Performance — HSN Code 84471219 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

−88.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹29 Cr

−32.08% vs FY 2023-24

0.0005% of India’s total imports

Trade Balance

FY 2024-25

−₹29 Cr

Trade Deficit

Surplus rank #9818 of 12657 HSN codes

% of Sub-Chapter 8447

FY 2024-25

0.25%

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

Import side: 0.60% of Sub-Chapter 8447’s imports

Rank Within Sub-Chapter 8447

FY 2024-25

#9 of 15

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

Import-side rank: #8 of 15

At a glance

−28.26%

Export CAGR

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

#9965

National Export Rank

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

+125.00%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.25%

Contribution to Sub-Ch. 8447

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

India Export-Import Trade Statistics for HSN Code 84471219

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 #8277

Balance

−37.44

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

2.58% of Sub-Ch. 8447

Imports

37.88 ₹ Cr

0.0011% share

YoY

2.07% of Sub-Ch. 8447

FY 2019-20 Exp. Rank #7621

Balance

−16.93

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+125.00% YoY

3.10% of Sub-Ch. 8447

Imports

17.92 ₹ Cr

0.0005% share

−52.69% YoY

0.87% of Sub-Ch. 8447

FY 2020-21 Exp. Rank #7931

Balance

−20.19

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−26.26% YoY

2.29% of Sub-Ch. 8447

Imports

20.92 ₹ Cr

0.0007% share

+16.74% YoY

1.50% of Sub-Ch. 8447

FY 2021-22 Exp. Rank #8707

Balance

−30.69

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−43.84% YoY

0.57% of Sub-Ch. 8447

Imports

31.10 ₹ Cr

0.0007% share

+48.66% YoY

1.18% of Sub-Ch. 8447

FY 2022-23 Exp. Rank #8780

Balance

−20.55

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+7.32% YoY

1.67% of Sub-Ch. 8447

Imports

20.99 ₹ Cr

0.0004% share

−32.51% YoY

0.63% of Sub-Ch. 8447

FY 2023-24 Exp. Rank #8794

Balance

−42.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+13.64% YoY

1.78% of Sub-Ch. 8447

Imports

42.92 ₹ Cr

0.0008% share

+104.48% YoY

1.18% of Sub-Ch. 8447

FY 2024-25 Exp. Rank #9965

Balance

−29.09

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−88.00% YoY

0.25% of Sub-Ch. 8447

Imports

29.15 ₹ Cr

0.0005% share

−32.08% YoY

0.60% of Sub-Ch. 8447

CAGR · 7-Year

Exports

−28.26% /yr

Imports

−4.27% /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 84471219 Export-Import Analysis

Export Decline: −28.26% CAGR Over 7 Years

India's exports under HSN Code 84471219 have declined at a compound annual rate of −28.26% over 7 fiscal years, falling from ₹0.44 Crore in FY 2018-19 to ₹0.06 Crore in FY 2024-25.

HSN Code 84471219 Ranked #9965 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84471219 ranks #9965 out of 12657 HSN codes by total export value. Within Sub-Chapter 8447, it ranks #9 of 15. By trade surplus, it ranks #9818 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 84471219 Exports

The strongest single-year export movement for HSN Code 84471219 was recorded in FY 2019-20, when exports surged by 125.00% over the prior year.

India Records a Trade Deficit of ₹29.09 Crore in HSN Code 84471219 Goods

In FY 2024-25, India's imports of ₹29.15 Cr exceeded exports of ₹0.06 Cr, resulting in a trade deficit of ₹29.09 Crore — ranking #9818 of 12657 by surplus magnitude.

Import Growth of −4.27% CAGR Signals Stable Import Dependency for Circular Knitting Machines, Wool (>165mm)

India's imports under HSN Code 84471219 have grown at −4.27% CAGR, reaching ₹29.15 Crore in FY 2024-25.

HSN Code 84471219 Contributes 0.25% of Sub-Chapter 8447 Exports — Ranked #9

Among the 15 HSN codes under Sub-Chapter 8447, HSN Code 84471219 ranks #9 by export value — accounting for 0.25% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.60% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84471219 and GST compliance.

What products are classified under HSN 84471219 ?

It includes Cotton Hosiery Knitting Machines

Do e‑way bill and e‑invoice apply for Circular Knitting Machines, Wool (>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.

How much GST applies to Circular Knitting Machines, Wool (>165mm)?

Under HSN 84471219, Circular Knitting Machines, Wool (>165mm) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.

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).

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.

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.