HSN Code 84471290: Circular Knitting Machines, Other (>165mm)

HSN Code 84471290 represents Circular Knitting Machines, Other (>165mm) under GST classification. This code helps businesses identify Circular Knitting Machines, Other (>165mm) correctly for billing, taxation, and trade. With HSN Code 84471290, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Circular Knitting Machines, Other (>165mm).

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Description of Goods for HSN Code 84471290

HSN Code 84471290 relates to the following description.

Description of Goods

Circular knitting machines : With cylinder diameter exceeding 165 mm : 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 84471290 not include?

Circular Knitting Machines, Other (>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 84471220

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

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 84471290 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 Cr

+172.50% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹503 Cr

−0.55% vs FY 2023-24

0.0083% of India’s total imports

Trade Balance

FY 2024-25

−₹502 Cr

Trade Deficit

Surplus rank #11898 of 12657 HSN codes

% of Sub-Chapter 8447

FY 2024-25

4.51%

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

Import side: 10.43% of Sub-Chapter 8447’s imports

Rank Within Sub-Chapter 8447

FY 2024-25

#5 of 15

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

Import-side rank: #2 of 15

At a glance

−5.70%

Export CAGR

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

#8178

National Export Rank

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

+502.94%

Peak Growth Year

FY 2022-23 · strongest single-year move

4.51%

Contribution to Sub-Ch. 8447

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

India Export-Import Trade Statistics for HSN Code 84471290

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 #7205

Balance

−271.24

Exports

1.55 ₹ Cr

0.0001% share

— YoY

9.08% of Sub-Ch. 8447

Imports

272.79 ₹ Cr

0.0076% share

— YoY

14.90% of Sub-Ch. 8447

FY 2019-20 Exp. Rank #8115

Balance

−242.11

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−63.87% YoY

1.75% of Sub-Ch. 8447

Imports

242.67 ₹ Cr

0.0072% share

−11.04% YoY

11.78% of Sub-Ch. 8447

FY 2020-21 Exp. Rank #7344

Balance

−179.16

Exports

1.41 ₹ Cr

0.0001% share

+151.79% YoY

4.43% of Sub-Ch. 8447

Imports

180.57 ₹ Cr

0.0062% share

−25.59% YoY

12.96% of Sub-Ch. 8447

FY 2021-22 Exp. Rank #8858

Balance

−473.92

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−75.89% YoY

0.47% of Sub-Ch. 8447

Imports

474.26 ₹ Cr

0.0104% share

+162.65% YoY

17.98% of Sub-Ch. 8447

FY 2022-23 Exp. Rank #7411

Balance

−444.02

Exports

2.05 ₹ Cr

0.0001% share

+502.94% YoY

7.79% of Sub-Ch. 8447

Imports

446.07 ₹ Cr

0.0078% share

−5.94% YoY

13.44% of Sub-Ch. 8447

FY 2023-24 Exp. Rank #8975

Balance

−505.30

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−80.49% YoY

1.43% of Sub-Ch. 8447

Imports

505.70 ₹ Cr

0.0090% share

+13.37% YoY

13.85% of Sub-Ch. 8447

FY 2024-25 Exp. Rank #8178

Balance

−501.82

Exports

1.09 ₹ Cr

0.0000% share

+172.50% YoY

4.51% of Sub-Ch. 8447

Imports

502.91 ₹ Cr

0.0083% share

−0.55% YoY

10.43% of Sub-Ch. 8447

CAGR · 7-Year

Exports

−5.70% /yr

Imports

10.73% /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 84471290 Export-Import Analysis

Export Decline: −5.70% CAGR Over 7 Years

India's exports under HSN Code 84471290 have declined at a compound annual rate of −5.70% over 7 fiscal years, falling from ₹1.55 Crore in FY 2018-19 to ₹1.09 Crore in FY 2024-25.

HSN Code 84471290 Ranked #8178 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84471290 ranks #8178 out of 12657 HSN codes by total export value. Within Sub-Chapter 8447, it ranks #5 of 15. By trade surplus, it ranks #11898 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 84471290 Exports

The strongest single-year export movement for HSN Code 84471290 was recorded in FY 2022-23, when exports surged by 502.94% over the prior year.

India Records a Trade Deficit of ₹501.82 Crore in HSN Code 84471290 Goods

In FY 2024-25, India's imports of ₹502.91 Cr exceeded exports of ₹1.09 Cr, resulting in a trade deficit of ₹501.82 Crore — ranking #11898 of 12657 by surplus magnitude.

Import Growth of 10.73% CAGR Signals Rising Demand for Circular Knitting Machines, Other (>165mm)

India's imports under HSN Code 84471290 have grown at 10.73% CAGR, reaching ₹502.91 Crore in FY 2024-25.

HSN Code 84471290 Contributes 4.51% of Sub-Chapter 8447 Exports — Ranked #5

Among the 15 HSN codes under Sub-Chapter 8447, HSN Code 84471290 ranks #5 by export value — accounting for 4.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 10.43% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84471290 and GST compliance.

What products are classified under HSN 84471290 ?

It includes Other : Machines for making of tulle and lace

Do e‑way bill and e‑invoice apply for Circular Knitting Machines, Other (>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 Circular Knitting Machines, Other (>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 much GST applies to Circular Knitting Machines, Other (>165mm)?

Under HSN 84471290, Circular Knitting Machines, Other (>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, Other (>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, Other (>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.