HSN Code 84542020: Ingot Moulds And Ladles | Ingot Moulds

HSN Code 84542020 represents Ingot Moulds And Ladles | Ingot Moulds under GST classification. This code helps businesses identify Ingot Moulds And Ladles | Ingot Moulds correctly for billing, taxation, and trade. With HSN Code 84542020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Ingot Moulds And Ladles | Ingot Moulds.

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Description of Goods for HSN Code 84542020

HSN Code 84542020 relates to the following description.

Description of Goods

Ingot moulds and ladles : Ingot moulds

Chapter

84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

Sub Chapter

8454 - Converters, ladles, ingot moulds and casting machines, of a kind used in metallurgy or in metal foundries

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84542020 not include?

Ingot Moulds And Ladles | Ingot Moulds does not include products with the following descriptions.

India’s Trade Performance — HSN Code 84542020 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹41 Cr

+42.87% vs FY 2023-24

0.0011% of India’s total exports

India’s Imports

FY 2024-25

₹28 Cr

−20.60% vs FY 2023-24

0.0005% of India’s total imports

Trade Balance

FY 2024-25

₹13 Cr

Trade Surplus

Surplus rank #3181 of 12657 HSN codes

% of Sub-Chapter 8454

FY 2024-25

8.83%

Share of Sub-Chapter 8454’s total exports in FY 2024-25

Import side: 0.69% of Sub-Chapter 8454’s imports

Rank Within Sub-Chapter 8454

FY 2024-25

#3 of 7

Position by export value among HSN codes in Sub-Chapter 8454

Import-side rank: #7 of 7

At a glance

−1.42%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3898

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+42.87%

Peak Growth Year

FY 2024-25 · strongest single-year move

8.83%

Contribution to Sub-Ch. 8454

Share of Sub-Chapter 8454 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84542020

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #3030

Balance

+3.91

Exports

44.65 ₹ Cr

0.0020% share

— YoY

10.82% of Sub-Ch. 8454

Imports

40.74 ₹ Cr

0.0011% share

— YoY

2.44% of Sub-Ch. 8454

FY 2019-20 Exp. Rank #3328

Balance

−8.06

Exports

36.41 ₹ Cr

0.0017% share

−18.45% YoY

13.22% of Sub-Ch. 8454

Imports

44.47 ₹ Cr

0.0013% share

+9.16% YoY

2.73% of Sub-Ch. 8454

FY 2020-21 Exp. Rank #3463

Balance

+9.72

Exports

34.39 ₹ Cr

0.0016% share

−5.55% YoY

17.84% of Sub-Ch. 8454

Imports

24.67 ₹ Cr

0.0008% share

−44.52% YoY

2.62% of Sub-Ch. 8454

FY 2021-22 Exp. Rank #3588

Balance

+8.26

Exports

42.67 ₹ Cr

0.0014% share

+24.08% YoY

14.40% of Sub-Ch. 8454

Imports

34.41 ₹ Cr

0.0008% share

+39.48% YoY

2.86% of Sub-Ch. 8454

FY 2022-23 Exp. Rank #3765

Balance

+10.79

Exports

40.20 ₹ Cr

0.0011% share

−5.79% YoY

10.72% of Sub-Ch. 8454

Imports

29.41 ₹ Cr

0.0005% share

−14.53% YoY

1.25% of Sub-Ch. 8454

FY 2023-24 Exp. Rank #4305

Balance

−7.14

Exports

28.69 ₹ Cr

0.0008% share

−28.63% YoY

6.84% of Sub-Ch. 8454

Imports

35.83 ₹ Cr

0.0006% share

+21.83% YoY

1.23% of Sub-Ch. 8454

FY 2024-25 Exp. Rank #3898

Balance

+12.54

Exports

40.99 ₹ Cr

0.0011% share

+42.87% YoY

8.83% of Sub-Ch. 8454

Imports

28.45 ₹ Cr

0.0005% share

−20.60% YoY

0.69% of Sub-Ch. 8454

CAGR · 7-Year

Exports

−1.42% /yr

Imports

−5.81% /yr

Consistently Surplus
Sub-Chapter 8454 total

reference, FY 2024-25

Export

₹464.17 Cr

Import

₹4,118.11 Cr

Trade Balance

−3,653.94

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 84542020 Export-Import Analysis

Export Decline: −1.42% CAGR Over 7 Years

India's exports under HSN Code 84542020 have declined at a compound annual rate of −1.42% over 7 fiscal years, falling from ₹44.65 Crore in FY 2018-19 to ₹40.99 Crore in FY 2024-25.

HSN Code 84542020 Ranked #3898 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84542020 ranks #3898 out of 12657 HSN codes by total export value. Within Sub-Chapter 8454, it ranks #3 of 7. By trade surplus, it ranks #3181 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 84542020 Exports

The strongest single-year export movement for HSN Code 84542020 was recorded in FY 2024-25, when exports surged by 42.87% over the prior year.

India Maintains a Trade Surplus of ₹12.54 Crore in HSN Code 84542020 Goods

In FY 2024-25, India's exports of ₹40.99 Cr exceeded imports of ₹28.45 Cr, resulting in a trade surplus of ₹12.54 Crore — ranking #3181 of 12657 by surplus magnitude.

Import Growth of −5.81% CAGR Signals Stable Import Dependency for Ingot Moulds And Ladles | Ingot Moulds

India's imports under HSN Code 84542020 have grown at −5.81% CAGR, reaching ₹28.45 Crore in FY 2024-25.

HSN Code 84542020 Contributes 8.83% of Sub-Chapter 8454 Exports — Ranked #3

Among the 7 HSN codes under Sub-Chapter 8454, HSN Code 84542020 ranks #3 by export value — accounting for 8.83% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.69% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84542020 and GST compliance.

What products are classified under HSN 84542020 ?

It includes Tube Mills

How should mixed supplies be billed when Ingot Moulds And Ladles / Ingot Moulds is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Ingot Moulds And Ladles / Ingot Moulds; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Ingot Moulds And Ladles / Ingot Moulds?

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.

Any common misclassification issue with Ingot Moulds And Ladles / Ingot Moulds?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Ingot Moulds And Ladles / Ingot Moulds?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Ingot Moulds And Ladles / Ingot Moulds?

Under HSN 84542020, Ingot Moulds And Ladles / Ingot Moulds attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.