HSN Code 84543020: Continuous Casting Machines

HSN Code 84543020 represents Continuous Casting Machines under GST classification. This code helps businesses identify Continuous Casting Machines correctly for billing, taxation, and trade. With HSN Code 84543020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Continuous Casting Machines.

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Description of Goods for HSN Code 84543020

HSN Code 84543020 relates to the following description.

Description of Goods

Casting machines : Continuous casting machines

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 84543020 not include?

Continuous Casting Machines does not include products with the following descriptions.

India’s Trade Performance — HSN Code 84543020 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

₹68 Cr

+43.12% vs FY 2023-24

0.0019% of India’s total exports

India’s Imports

FY 2024-25

₹445 Cr

+216.07% vs FY 2023-24

0.0073% of India’s total imports

Trade Balance

FY 2024-25

−₹377 Cr

Trade Deficit

Surplus rank #11723 of 12657 HSN codes

% of Sub-Chapter 8454

FY 2024-25

14.72%

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

Import side: 10.81% of Sub-Chapter 8454’s imports

Rank Within Sub-Chapter 8454

FY 2024-25

#2 of 7

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

Import-side rank: #4 of 7

At a glance

18.51%

Export CAGR

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

#3184

National Export Rank

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

+82.98%

Peak Growth Year

FY 2022-23 · strongest single-year move

14.72%

Contribution to Sub-Ch. 8454

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

India Export-Import Trade Statistics for HSN Code 84543020

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 #3826

Balance

+5.59

Exports

24.66 ₹ Cr

0.0011% share

YoY

5.97% of Sub-Ch. 8454

Imports

19.07 ₹ Cr

0.0005% share

YoY

1.14% of Sub-Ch. 8454

FY 2019-20 Exp. Rank #3267

Balance

−2.06

Exports

38.52 ₹ Cr

0.0017% share

+56.20% YoY

13.99% of Sub-Ch. 8454

Imports

40.58 ₹ Cr

0.0012% share

+112.80% YoY

2.49% of Sub-Ch. 8454

FY 2020-21 Exp. Rank #3718

Balance

+26.83

Exports

28.88 ₹ Cr

0.0013% share

−25.03% YoY

14.99% of Sub-Ch. 8454

Imports

2.05 ₹ Cr

0.0001% share

−94.95% YoY

0.22% of Sub-Ch. 8454

FY 2021-22 Exp. Rank #4157

Balance

−60.66

Exports

27.32 ₹ Cr

0.0009% share

−5.40% YoY

9.22% of Sub-Ch. 8454

Imports

87.98 ₹ Cr

0.0019% share

+4,191.71% YoY

7.32% of Sub-Ch. 8454

FY 2022-23 Exp. Rank #3476

Balance

−127.28

Exports

49.99 ₹ Cr

0.0014% share

+82.98% YoY

13.33% of Sub-Ch. 8454

Imports

177.27 ₹ Cr

0.0031% share

+101.49% YoY

7.52% of Sub-Ch. 8454

FY 2023-24 Exp. Rank #3603

Balance

−93.07

Exports

47.73 ₹ Cr

0.0013% share

−4.52% YoY

11.38% of Sub-Ch. 8454

Imports

140.80 ₹ Cr

0.0025% share

−20.57% YoY

4.83% of Sub-Ch. 8454

FY 2024-25 Exp. Rank #3184

Balance

−376.72

Exports

68.31 ₹ Cr

0.0019% share

+43.12% YoY

14.72% of Sub-Ch. 8454

Imports

445.03 ₹ Cr

0.0073% share

+216.07% YoY

10.81% of Sub-Ch. 8454

CAGR · 7-Year

Exports

18.51% /yr

Imports

69.05% /yr

Consistently Deficit
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 84543020 Export-Import Analysis

Consistent Export Growth: 18.51% CAGR Over 7 Years

India's exports under HSN Code 84543020 have grown at a compound annual rate of 18.51% over 7 fiscal years, rising from ₹24.66 Crore in FY 2018-19 to ₹68.31 Crore in FY 2024-25.

HSN Code 84543020 Ranked #3184 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84543020 ranks #3184 out of 12657 HSN codes by total export value. Within Sub-Chapter 8454, it ranks #2 of 7. By trade surplus, it ranks #11723 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 84543020 Exports

The strongest single-year export movement for HSN Code 84543020 was recorded in FY 2022-23, when exports surged by 82.98% over the prior year.

India Records a Trade Deficit of ₹376.72 Crore in HSN Code 84543020 Goods

In FY 2024-25, India's imports of ₹445.03 Cr exceeded exports of ₹68.31 Cr, resulting in a trade deficit of ₹376.72 Crore — ranking #11723 of 12657 by surplus magnitude.

Import Growth of 69.05% CAGR Signals Rising Demand for Continuous Casting Machines

India's imports under HSN Code 84543020 have grown at 69.05% CAGR, reaching ₹445.03 Crore in FY 2024-25.

HSN Code 84543020 Contributes 14.72% of Sub-Chapter 8454 Exports — Ranked #2

Among the 7 HSN codes under Sub-Chapter 8454, HSN Code 84543020 ranks #2 by export value — accounting for 14.72% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 10.81% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84543020 and GST compliance.

What products are classified under HSN 84543020 ?

It includes Combination Hot & Cold Rolling Mills

Any common misclassification issue with Continuous Casting Machines?

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

Do e‑way bill and e‑invoice apply for Continuous Casting 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.

Does packaging or labelling change the GST for Continuous Casting 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.

Can we claim ITC on inputs used to trade Continuous Casting Machines?

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

How should mixed supplies be billed when Continuous Casting Machines is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Continuous Casting Machines; Nil for exempt items if applicable).

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.