HSN Code 84471220: Circular Knitting Machines, Cotton Hosiery (>165mm)

HSN Code 84471220 represents Circular Knitting Machines, Cotton Hosiery (>165mm) under GST classification. This code helps businesses identify Circular Knitting Machines, Cotton Hosiery (>165mm) correctly for billing, taxation, and trade. With HSN Code 84471220, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Circular Knitting Machines, Cotton Hosiery (>165mm).

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Description of Goods for HSN Code 84471220

HSN Code 84471220 relates to the following description.

Description of Goods

Circular knitting machines : With cylinder diameter exceeding 165 mm : Cotton hosiery 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 84471220 not include?

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

HSN Code 84471111

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

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 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 84471220 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹28 Cr

−23.06% vs FY 2023-24

0.0005% of India’s total imports

Trade Balance

FY 2024-25

−₹28 Cr

Trade Deficit

Surplus rank #9804 of 12657 HSN codes

% of Sub-Chapter 8447

FY 2024-25

0.00%

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

Import side: 0.59% of Sub-Chapter 8447’s imports

At a glance

+200.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.00%

Contribution to Sub-Ch. 8447

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

India Export-Import Trade Statistics for 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 2018-19

Balance

−12.94

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8447

Imports

12.94 ₹ Cr

0.0004% share

— YoY

0.71% of Sub-Ch. 8447

FY 2019-20

Balance

−8.23

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8447

Imports

8.23 ₹ Cr

0.0002% share

−36.40% YoY

0.40% of Sub-Ch. 8447

FY 2020-21

Balance

−4.22

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8447

Imports

4.22 ₹ Cr

0.0001% share

−48.72% YoY

0.30% of Sub-Ch. 8447

FY 2021-22

Balance

−33.21

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8447

Imports

33.21 ₹ Cr

0.0007% share

+686.97% YoY

1.26% of Sub-Ch. 8447

FY 2022-23 Exp. Rank #9640

Balance

−22.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.38% of Sub-Ch. 8447

Imports

22.74 ₹ Cr

0.0004% share

−31.53% YoY

0.69% of Sub-Ch. 8447

FY 2023-24 Exp. Rank #9181

Balance

−36.64

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+200.00% YoY

1.07% of Sub-Ch. 8447

Imports

36.94 ₹ Cr

0.0007% share

+62.45% YoY

1.01% of Sub-Ch. 8447

FY 2024-25

Balance

−28.42

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8447

Imports

28.42 ₹ Cr

0.0005% share

−23.06% YoY

0.59% of Sub-Ch. 8447

CAGR · 7-Year

Exports

—

Imports

14.01% /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 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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84471220 and GST compliance.

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.

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.