HSN Code 84472020 represents Wool Knitting Machines under GST classification. This code helps businesses identify Wool Knitting Machines correctly for billing, taxation, and trade. With HSN Code 84472020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wool Knitting Machines.
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HSN Code 84472020 relates to the following description.
Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net and machines for tufting
Flat kniting machines; stitch-bonding machines : Other knitting machines for wool
9%
9%
18%
0%
Description of Goods
Flat kniting machines; stitch-bonding machines : Other knitting machines for wool
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%
Wool Knitting Machines does not include products with the following descriptions.
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Wool knitting machines : Hand knitting machines
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Wool knitting machines : Other
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Cotton hosiery machines
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Other
Circular knitting machines : With cylinder diameter exceeding 165 mm : Wool knitting machines : Hand knitting machines
Circular knitting machines : With cylinder diameter exceeding 165 mm : Wool knitting machines : Other
Circular knitting machines : With cylinder diameter exceeding 165 mm : Cotton hosiery machines
Circular knitting machines : With cylinder diameter exceeding 165 mm : Other
Flat kniting machines; stitch-bonding machines : Hand knitting machines for wool
Flat kniting machines; stitch-bonding machines : Cotton hosiery machines
Flat kniting machines; stitch-bonding machines : Other
Other : Machines for making of tulle and lace
Other : Machines for making embroidery
Other : Other
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Wool knitting machines : Hand knitting machines
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Wool knitting machines : Other
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Cotton hosiery machines
Circular knitting machines : With cylinder diameter not exceeding 165 mm : Other
Circular knitting machines : With cylinder diameter exceeding 165 mm : Wool knitting machines : Hand knitting machines
Circular knitting machines : With cylinder diameter exceeding 165 mm : Wool knitting machines : Other
Circular knitting machines : With cylinder diameter exceeding 165 mm : Cotton hosiery machines
Circular knitting machines : With cylinder diameter exceeding 165 mm : Other
Flat kniting machines; stitch-bonding machines : Hand knitting machines for wool
Flat kniting machines; stitch-bonding machines : Cotton hosiery machines
Flat kniting machines; stitch-bonding machines : Other
Other : Machines for making of tulle and lace
Other : Machines for making embroidery
Other : Other
India’s Exports
FY 2024-25₹1 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹66 Cr
0.0011% of India’s total imports
Trade Balance
FY 2024-25−₹65 Cr
Surplus rank #10442 of 12657 HSN codes
% of Sub-Chapter 8447
FY 2024-255.01%
Share of Sub-Chapter 8447’s total exports in FY 2024-25
Import side: 1.36% of Sub-Chapter 8447’s imports
Rank Within Sub-Chapter 8447
FY 2024-25#4 of 15
Position by export value among HSN codes in Sub-Chapter 8447
Import-side rank: #5 of 15
At a glance
41.62%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8081
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,628.57%
Peak Growth Year
FY 2024-25 · strongest single-year move
5.01%
Contribution to Sub-Ch. 8447
Share of Sub-Chapter 8447 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−59.94
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.88% of Sub-Ch. 8447
Imports
60.09 ₹ Cr
0.0017% share
— YoY
3.28% of Sub-Ch. 8447
Balance
−25.96
Exports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 8447
Imports
25.96 ₹ Cr
0.0008% share
−56.80% YoY
1.26% of Sub-Ch. 8447
Balance
−33.30
Exports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 8447
Imports
33.30 ₹ Cr
0.0011% share
+28.27% YoY
2.39% of Sub-Ch. 8447
Balance
−102.33
Exports
1.24 ₹ Cr
0.0000% share
— YoY
1.72% of Sub-Ch. 8447
Imports
103.57 ₹ Cr
0.0023% share
+211.02% YoY
3.93% of Sub-Ch. 8447
Balance
−50.34
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−95.97% YoY
0.19% of Sub-Ch. 8447
Imports
50.39 ₹ Cr
0.0009% share
−51.35% YoY
1.52% of Sub-Ch. 8447
Balance
−36.77
Exports
< ₹1 Crore ₹ Cr
0.0000% share
+40.00% YoY
0.25% of Sub-Ch. 8447
Imports
36.84 ₹ Cr
0.0007% share
−26.89% YoY
1.01% of Sub-Ch. 8447
Balance
−64.50
Exports
1.21 ₹ Cr
0.0000% share
+1,628.57% YoY
5.01% of Sub-Ch. 8447
Imports
65.71 ₹ Cr
0.0011% share
+78.37% YoY
1.36% of Sub-Ch. 8447
CAGR · 7-Year
Exports
41.62% /yr
Imports
1.50% /yr
reference, FY 2024-25
Export
₹24.16 Cr
Import
₹4,820.67 Cr
Trade Balance
−4,796.51
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.
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.
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.
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.
India's imports under HSN Code 84472020 have grown at 1.50% CAGR, reaching ₹65.71 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 84472020 and GST compliance.
It includes Other : Other
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).
Under HSN 84472020, Wool Knitting Machines attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.