--- title: "HSN Code for Converters | HSN 84541000 GST Rate" description: "Find HSN and GST Rates for 84541000 related to Converters with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84541000/" --- # HSN Code 84541000: Converters - [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 8454: Metallurgical Casting Machines](https://busy.in/hsn/sub-chapter-8454/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Converters | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84541000 ? It includes Other Casting Machines ### Any common misclassification issue with Converters? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Converters? 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. ### How much GST applies to Converters? Under HSN 84541000, Converters attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Converters is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Converters; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Converters? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Converters? 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 84541000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹30 Cr (−31.43% YoY) — 0.0008% of India's total exports - Imports: ₹98 Cr (−41.14% YoY) — 0.0016% of India's total imports - Trade balance: −₹67 Cr (Deficit); surplus rank #10475 of 12657 HSN codes - Share of Sub-Chapter 8454: 6.54% of its exports; import side 2.37% - Rank within Sub-Chapter 8454: #5 of 7 by export value; import-side #5 ### Key metrics - Export CAGR: -1.89% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4315 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +389.68% in FY 2021-22 - Contribution to Sub-Ch. 8454: 6.54% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84541000 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. 8454 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8454 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 34.04 | 0.0015% | — | 8.25% | 122.19 | 0.0034% | — | 7.32% | −88.15 | #3414 | | FY 2019-20 | 16.40 | 0.0007% | −51.82% | 5.96% | 64.50 | 0.0019% | −47.21% | 3.96% | −48.10 | #4393 | | FY 2020-21 | 4.36 | 0.0002% | −73.41% | 2.26% | 68.92 | 0.0024% | +6.85% | 7.32% | −64.56 | #6098 | | FY 2021-22 | 21.35 | 0.0007% | +389.68% | 7.20% | 29.41 | 0.0006% | −57.33% | 2.45% | −8.06 | #4518 | | FY 2022-23 | 24.62 | 0.0007% | +15.32% | 6.57% | 214.09 | 0.0037% | +627.95% | 9.09% | −189.47 | #4430 | | FY 2023-24 | 44.26 | 0.0012% | +79.77% | 10.55% | 166.09 | 0.0030% | −22.42% | 5.70% | −121.83 | #3702 | | FY 2024-25 | 30.35 | 0.0008% | −31.43% | 6.54% | 97.76 | 0.0016% | −41.14% | 2.37% | −67.41 | #4315 | - CAGR (7-year): exports -1.89%/yr, imports -3.65%/yr (consistently Deficit) ## Key trade insights: HSN Code 84541000 export-import analysis ### Export decline: -1.89% CAGR over 7 years India's exports under HSN Code 84541000 have declined at a compound annual rate of -1.89% over 7 fiscal years, falling from ₹34.04 Crore in FY 2018-19 to ₹30.35 Crore in FY 2024-25. ### HSN Code 84541000 ranked #4315 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84541000 ranks #4315 out of 12657 HSN codes by total export value. Within Sub-Chapter 8454, it ranks #5 of 7. By trade surplus, it ranks #10475 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 84541000 exports The strongest single-year export movement for HSN Code 84541000 was recorded in FY 2021-22, when exports surged by 389.68% over the prior year. ### India records a trade deficit of ₹67.41 Crore in HSN Code 84541000 goods In FY 2024-25, India's imports of ₹97.76 Cr exceeded exports of ₹30.35 Cr, resulting in a trade deficit of ₹67.41 Crore — ranking #10475 of 12657 by surplus magnitude. ### Import growth of -3.65% CAGR signals stable import dependency for Converters India's imports under HSN Code 84541000 have grown at -3.65% CAGR, reaching ₹97.76 Crore in FY 2024-25. ### HSN Code 84541000 contributes 6.54% of Sub-Chapter 8454 exports — ranked #5 Among the 7 HSN codes under Sub-Chapter 8454, HSN Code 84541000 ranks #5 by export value — accounting for 6.54% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.37% share (rank #5). ## Related HSN Codes in Sub-Chapter 8454 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84549000: Machines for Finishing Printing Products](https://busy.in/hsn/hsn-84549000/) | ₹257 Cr | | #2 | [HSN Code 84543020: Continuous Casting Machines](https://busy.in/hsn/hsn-84543020/) | ₹68 Cr | | #3 | [HSN Code 84542020: Ingot Moulds And Ladles \| Ingot Moulds](https://busy.in/hsn/hsn-84542020/) | ₹41 Cr | | #4 | [HSN Code 84543090: Other Casting Machines](https://busy.in/hsn/hsn-84543090/) | ₹34 Cr | | #5 | HSN Code 84541000: Converters (this hsn code) | ₹30 Cr | | #6 | [HSN Code 84542010: Ingot Moulds And Ladles \| Ladles](https://busy.in/hsn/hsn-84542010/) | ₹30 Cr | | #7 | [HSN Code 84543010: Die-Casting Machines](https://busy.in/hsn/hsn-84543010/) | ₹5 Cr |