--- title: "HSN Code for Circular Knitting Machines, Cotton Hosiery (>165mm) | HSN 84471220 GST Rate" description: "Find HSN and GST Rates for 84471220 related to Circular Knitting Machines, Cotton Hosiery (>165mm) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84471220/" --- # HSN Code 84471220: Circular Knitting Machines, Cotton Hosiery (>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 exceeding 165 mm : Cotton hosiery machines | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84471220 ? It includes Flat knitting machines ### Does packaging or labelling change the GST for Circular Knitting Machines, Cotton Hosiery (>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. ### Can we claim ITC on inputs used to trade Circular Knitting Machines, Cotton Hosiery (>165mm)? 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 Circular Knitting Machines, Cotton Hosiery (>165mm)? 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 Circular Knitting Machines, Cotton Hosiery (>165mm)? Under HSN 84471220, Circular Knitting Machines, Cotton Hosiery (>165mm) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Circular Knitting Machines, Cotton Hosiery (>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. ## India's trade performance: HSN Code 84471220 (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: ₹28 Cr (−23.06% YoY) — 0.0005% of India's total imports - Trade balance: −₹28 Cr (Deficit); surplus rank #9804 of 12657 HSN codes - Share of Sub-Chapter 8447: 0.00% of its exports; import side 0.59% ### Key metrics - Peak growth year: +200.00% in FY 2023-24 - Contribution to Sub-Ch. 8447: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84471220 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 | Nil | 0.0000% | — | 0.00% | 12.94 | 0.0004% | — | 0.71% | −12.94 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | 8.23 | 0.0002% | −36.40% | 0.40% | −8.23 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | 4.22 | 0.0001% | −48.72% | 0.30% | −4.22 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | 33.21 | 0.0007% | +686.97% | 1.26% | −33.21 | — | | FY 2022-23 | < ₹1 Crore | 0.0000% | — | 0.38% | 22.74 | 0.0004% | −31.53% | 0.69% | −22.64 | #9640 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +200.00% | 1.07% | 36.94 | 0.0007% | +62.45% | 1.01% | −36.64 | #9181 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | 28.42 | 0.0005% | −23.06% | 0.59% | −28.42 | — | - CAGR (7-year): exports —/yr, imports 14.01%/yr (consistently Deficit) ## Key trade insights: HSN Code 84471220 export-import analysis ### Export snapshot for HSN Code 84471220 India exported ₹0.00 Crore worth of Circular Knitting Machines, Cotton Hosiery (>165mm) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2023-24 was the strongest growth year for HSN Code 84471220 exports The strongest single-year export movement for HSN Code 84471220 was recorded in FY 2023-24, when exports surged by 200.00% over the prior year. ### India records a trade deficit of ₹28.42 Crore in HSN Code 84471220 goods In FY 2024-25, India's imports of ₹28.42 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹28.42 Crore — ranking #9804 of 12657 by surplus magnitude. ### Import growth of 14.01% CAGR signals rising demand for Circular Knitting Machines, Cotton Hosiery (>165mm) India's imports under HSN Code 84471220 have grown at 14.01% CAGR, reaching ₹28.42 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 84471220: Circular Knitting Machines, Cotton Hosiery (>165mm) (this hsn code) | Nil |