--- title: "HSN Code for Wool Knitting Machines | HSN 84472020 GST Rate" description: "Find HSN and GST Rates for 84472020 related to Wool Knitting Machines with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84472020/" --- # HSN Code 84472020: Wool Knitting Machines - [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 : Other knitting machines for wool | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84472020 ? It includes Other : Other ### How should mixed supplies be billed when Wool Knitting Machines is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wool Knitting Machines; Nil for exempt items if applicable). ### How much GST applies to Wool Knitting Machines? Under HSN 84472020, Wool Knitting Machines attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Wool Knitting Machines? 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 Wool Knitting Machines? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Wool Knitting Machines? 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. ## India's trade performance: HSN Code 84472020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+1,628.57% YoY) — 0.0000% of India's total exports - Imports: ₹66 Cr (+78.37% YoY) — 0.0011% of India's total imports - Trade balance: −₹65 Cr (Deficit); surplus rank #10442 of 12657 HSN codes - Share of Sub-Chapter 8447: 5.01% of its exports; import side 1.36% - Rank within Sub-Chapter 8447: #4 of 15 by export value; import-side #5 ### Key metrics - Export CAGR: 41.62% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8081 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,628.57% in FY 2024-25 - Contribution to Sub-Ch. 8447: 5.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84472020 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 | < ₹1 Crore | 0.0000% | — | 0.88% | 60.09 | 0.0017% | — | 3.28% | −59.94 | #8982 | | FY 2019-20 | Nil | 0.0000% | −100.00% | 0.00% | 25.96 | 0.0008% | −56.80% | 1.26% | −25.96 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | 33.30 | 0.0011% | +28.27% | 2.39% | −33.30 | — | | FY 2021-22 | 1.24 | 0.0000% | — | 1.72% | 103.57 | 0.0023% | +211.02% | 3.93% | −102.33 | #7797 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −95.97% | 0.19% | 50.39 | 0.0009% | −51.35% | 1.52% | −50.34 | #9890 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +40.00% | 0.25% | 36.84 | 0.0007% | −26.89% | 1.01% | −36.77 | #9929 | | FY 2024-25 | 1.21 | 0.0000% | +1,628.57% | 5.01% | 65.71 | 0.0011% | +78.37% | 1.36% | −64.50 | #8081 | - CAGR (7-year): exports 41.62%/yr, imports 1.50%/yr (consistently Deficit) ## Key trade insights: HSN Code 84472020 export-import analysis ### Consistent export growth: 41.62% CAGR over 7 years India's exports under HSN Code 84472020 have grown at a compound annual rate of 41.62% over 7 fiscal years, rising from ₹0.15 Crore in FY 2018-19 to ₹1.21 Crore in FY 2024-25. ### HSN Code 84472020 ranked #8081 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84472020 ranks #8081 out of 12657 HSN codes by total export value. Within Sub-Chapter 8447, it ranks #4 of 15. By trade surplus, it ranks #10442 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 84472020 exports The strongest single-year export movement for HSN Code 84472020 was recorded in FY 2024-25, when exports surged by 1,628.57% over the prior year. ### India records a trade deficit of ₹64.50 Crore in HSN Code 84472020 goods In FY 2024-25, India's imports of ₹65.71 Cr exceeded exports of ₹1.21 Cr, resulting in a trade deficit of ₹64.50 Crore — ranking #10442 of 12657 by surplus magnitude. ### Import growth of 1.50% CAGR signals stable import dependency for Wool Knitting Machines India's imports under HSN Code 84472020 have grown at 1.50% CAGR, reaching ₹65.71 Crore in FY 2024-25. ### HSN Code 84472020 contributes 5.01% of Sub-Chapter 8447 exports — ranked #4 Among the 15 HSN codes under Sub-Chapter 8447, HSN Code 84472020 ranks #4 by export value — accounting for 5.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.36% share (rank #5). ## 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 (this hsn code) | ₹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 |