--- title: "HSN Code for Hand Knitting Machines (Wool) | HSN 84472010 GST Rate" description: "Find HSN and GST Rates for 84472010 related to Hand Knitting Machines (Wool) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84472010/" --- # HSN Code 84472010: Hand Knitting Machines (Wool) - [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 | | --- | --- | --- | --- | --- | | Flat kniting machines; stitch-bonding machines : Hand knitting machines for wool | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84472010 ? It includes Other | Machines For Making Embroidery ### Does packaging or labelling change the GST for Hand Knitting Machines (Wool)? 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 Hand Knitting Machines (Wool)? 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 Hand Knitting Machines (Wool)? 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 Hand Knitting Machines (Wool)? Under HSN 84472010, Hand Knitting Machines (Wool) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Hand Knitting Machines (Wool)? 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 84472010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+12.50% YoY) — 0.0000% of India's total exports - Imports: ₹3 Cr (−81.24% YoY) — 0.0001% of India's total imports - Trade balance: −₹3 Cr (Deficit); surplus rank #8381 of 12657 HSN codes - Share of Sub-Chapter 8447: 1.12% of its exports; import side 0.07% - Rank within Sub-Chapter 8447: #8 of 15 by export value; import-side #13 ### Key metrics - National export rank: #9258 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,300.00% in FY 2023-24 - Contribution to Sub-Ch. 8447: 1.12% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84472010 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% | < ₹1 Crore | 0.0000% | — | 0.03% | −0.54 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | −27.78% | 0.02% | −0.39 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | −64.10% | 0.01% | −0.14 | — | | FY 2021-22 | < ₹1 Crore | 0.0000% | — | 0.22% | 2.31 | 0.0001% | +1,550.00% | 0.09% | −2.15 | #9306 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −93.75% | 0.04% | 1.04 | 0.0000% | −54.98% | 0.03% | −1.03 | #10292 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +2,300.00% | 0.86% | 18.02 | 0.0003% | +1,632.69% | 0.49% | −17.78 | #9327 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +12.50% | 1.12% | 3.38 | 0.0001% | −81.24% | 0.07% | −3.11 | #9258 | - CAGR (7-year): exports —/yr, imports 35.75%/yr (consistently Deficit) ## Key trade insights: HSN Code 84472010 export-import analysis ### Export snapshot for HSN Code 84472010 India exported ₹0.27 Crore worth of Hand Knitting Machines (Wool) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 84472010 ranked #9258 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84472010 ranks #9258 out of 12657 HSN codes by total export value. Within Sub-Chapter 8447, it ranks #8 of 15. By trade surplus, it ranks #8381 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 84472010 exports The strongest single-year export movement for HSN Code 84472010 was recorded in FY 2023-24, when exports surged by 2,300.00% over the prior year. ### India records a trade deficit of ₹3.11 Crore in HSN Code 84472010 goods In FY 2024-25, India's imports of ₹3.38 Cr exceeded exports of ₹0.27 Cr, resulting in a trade deficit of ₹3.11 Crore — ranking #8381 of 12657 by surplus magnitude. ### Import growth of 35.75% CAGR signals rising demand for Hand Knitting Machines (Wool) India's imports under HSN Code 84472010 have grown at 35.75% CAGR, reaching ₹3.38 Crore in FY 2024-25. ### HSN Code 84472010 contributes 1.12% of Sub-Chapter 8447 exports — ranked #8 Among the 15 HSN codes under Sub-Chapter 8447, HSN Code 84472010 ranks #8 by export value — accounting for 1.12% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.07% share (rank #13). ## 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) (this hsn code) | < ₹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 |