HSN Code 84541000: Converters
HSN Code 84541000 represents Converters under GST classification. This code helps businesses identify Converters correctly for billing, taxation, and trade. With HSN Code 84541000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Converters.
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Description of Goods for HSN Code 84541000
HSN Code 84541000 relates to the following description.
What does HSN Code 84541000 not include?
Converters does not include products with the following descriptions.
Ingot moulds and ladles : Ladles
Ingot moulds and ladles : Ingot moulds
Casting machines : Die-casting machines
Casting machines : Continuous casting machines
Casting machines : Other
Parts
India’s Trade Performance — HSN Code 84541000 in FY 2024-25
India’s Exports
FY 2024-25₹30 Cr
0.0008% of India’s total exports
India’s Imports
FY 2024-25₹98 Cr
0.0016% of India’s total imports
Trade Balance
FY 2024-25−₹67 Cr
Surplus rank #10475 of 12657 HSN codes
% of Sub-Chapter 8454
FY 2024-256.54%
Share of Sub-Chapter 8454’s total exports in FY 2024-25
Import side: 2.37% of Sub-Chapter 8454’s imports
Rank Within Sub-Chapter 8454
FY 2024-25#5 of 7
Position by export value among HSN codes in Sub-Chapter 8454
Import-side rank: #5 of 7
At a glance
−1.89%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4315
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+389.68%
Peak Growth Year
FY 2021-22 · strongest single-year move
6.54%
Contribution to Sub-Ch. 8454
Share of Sub-Chapter 8454 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
−88.15
Exports
34.04 ₹ Cr
0.0015% share
— YoY
8.25% of Sub-Ch. 8454
Imports
122.19 ₹ Cr
0.0034% share
— YoY
7.32% of Sub-Ch. 8454
Balance
−48.10
Exports
16.40 ₹ Cr
0.0007% share
−51.82% YoY
5.96% of Sub-Ch. 8454
Imports
64.50 ₹ Cr
0.0019% share
−47.21% YoY
3.96% of Sub-Ch. 8454
Balance
−64.56
Exports
4.36 ₹ Cr
0.0002% share
−73.41% YoY
2.26% of Sub-Ch. 8454
Imports
68.92 ₹ Cr
0.0024% share
+6.85% YoY
7.32% of Sub-Ch. 8454
Balance
−8.06
Exports
21.35 ₹ Cr
0.0007% share
+389.68% YoY
7.20% of Sub-Ch. 8454
Imports
29.41 ₹ Cr
0.0006% share
−57.33% YoY
2.45% of Sub-Ch. 8454
Balance
−189.47
Exports
24.62 ₹ Cr
0.0007% share
+15.32% YoY
6.57% of Sub-Ch. 8454
Imports
214.09 ₹ Cr
0.0037% share
+627.95% YoY
9.09% of Sub-Ch. 8454
Balance
−121.83
Exports
44.26 ₹ Cr
0.0012% share
+79.77% YoY
10.55% of Sub-Ch. 8454
Imports
166.09 ₹ Cr
0.0030% share
−22.42% YoY
5.70% of Sub-Ch. 8454
Balance
−67.41
Exports
30.35 ₹ Cr
0.0008% share
−31.43% YoY
6.54% of Sub-Ch. 8454
Imports
97.76 ₹ Cr
0.0016% share
−41.14% YoY
2.37% of Sub-Ch. 8454
CAGR · 7-Year
Exports
−1.89% /yr
Imports
−3.65% /yr
reference, FY 2024-25
Export
₹464.17 Cr
Import
₹4,118.11 Cr
Trade Balance
−3,653.94
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 84541000 and GST compliance.
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.