HSN Code 84571020 represents Machining Centres | Vertical under GST classification. This code helps businesses identify Machining Centres | Vertical correctly for billing, taxation, and trade. With HSN Code 84571020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Machining Centres | Vertical.
Join our guided walkthrough to see how BUSY can transform your business operations.
HSN Code 84571020 relates to the following description.
Description of Goods
Machining centres : Vertical
Chapter
84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
Sub Chapter
8457 - Machining centres, unit construction machines (single station) and multi-station transfer machines for working metal
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Machining Centres | Vertical does not include products with the following descriptions.
Machining centres : Horizontal
Unit construction machines (single station) : Unit head boring
Unit construction machines (single station) : Unit head drilling
Unit construction machines (single station) : Other
Multi-station transfer machines : Rotary type
Multi-station transfer machines : In-line type
Multi-station transfer machines : Other
Machining centres : Horizontal
Unit construction machines (single station) : Unit head boring
Unit construction machines (single station) : Unit head drilling
Unit construction machines (single station) : Other
Multi-station transfer machines : Rotary type
Multi-station transfer machines : In-line type
Multi-station transfer machines : Other
India’s Exports
FY 2024-25₹202 Cr
0.0055% of India’s total exports
India’s Imports
FY 2024-25₹1,778 Cr
0.0293% of India’s total imports
Trade Balance
FY 2024-25−₹1,576 Cr
Surplus rank #12365 of 12657 HSN codes
% of Sub-Chapter 8457
FY 2024-2553.92%
Share of Sub-Chapter 8457’s total exports in FY 2024-25
Import side: 42.63% of Sub-Chapter 8457’s imports
Rank Within Sub-Chapter 8457
FY 2024-25#1 of 8
Position by export value among HSN codes in Sub-Chapter 8457
Import-side rank: #2 of 8
At a glance
16.84%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1833
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+138.53%
Peak Growth Year
FY 2021-22 · strongest single-year move
53.92%
Contribution to Sub-Ch. 8457
Share of Sub-Chapter 8457 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
−1,355.11
Exports
79.54 ₹ Cr
0.0035% share
— YoY
65.94% of Sub-Ch. 8457
Imports
1,434.65 ₹ Cr
0.0400% share
— YoY
38.06% of Sub-Ch. 8457
Balance
−1,122.48
Exports
53.48 ₹ Cr
0.0024% share
−32.76% YoY
60.72% of Sub-Ch. 8457
Imports
1,175.96 ₹ Cr
0.0351% share
−18.03% YoY
42.07% of Sub-Ch. 8457
Balance
−713.22
Exports
52.25 ₹ Cr
0.0024% share
−2.30% YoY
58.37% of Sub-Ch. 8457
Imports
765.47 ₹ Cr
0.0263% share
−34.91% YoY
39.94% of Sub-Ch. 8457
Balance
−1,273.13
Exports
124.63 ₹ Cr
0.0040% share
+138.53% YoY
79.02% of Sub-Ch. 8457
Imports
1,397.76 ₹ Cr
0.0306% share
+82.60% YoY
52.18% of Sub-Ch. 8457
Balance
−1,315.74
Exports
158.01 ₹ Cr
0.0044% share
+26.78% YoY
80.08% of Sub-Ch. 8457
Imports
1,473.75 ₹ Cr
0.0256% share
+5.44% YoY
48.29% of Sub-Ch. 8457
Balance
−1,500.60
Exports
249.93 ₹ Cr
0.0069% share
+58.17% YoY
60.43% of Sub-Ch. 8457
Imports
1,750.53 ₹ Cr
0.0312% share
+18.78% YoY
45.19% of Sub-Ch. 8457
Balance
−1,575.53
Exports
202.34 ₹ Cr
0.0055% share
−19.04% YoY
53.92% of Sub-Ch. 8457
Imports
1,777.87 ₹ Cr
0.0293% share
+1.56% YoY
42.63% of Sub-Ch. 8457
CAGR · 7-Year
Exports
16.84% /yr
Imports
3.64% /yr
reference, FY 2024-25
Export
₹375.24 Cr
Import
₹4,170.02 Cr
Trade Balance
−3,794.78
India's exports under HSN Code 84571020 have grown at a compound annual rate of 16.84% over 7 fiscal years, rising from ₹79.54 Crore in FY 2018-19 to ₹202.34 Crore in FY 2024-25.
In FY 2024-25, HSN Code 84571020 ranks #1833 out of 12657 HSN codes by total export value. Within Sub-Chapter 8457, it ranks #1 of 8. By trade surplus, it ranks #12365 of 12657.
The strongest single-year export movement for HSN Code 84571020 was recorded in FY 2021-22, when exports surged by 138.53% over the prior year.
In FY 2024-25, India's imports of ₹1,777.87 Cr exceeded exports of ₹202.34 Cr, resulting in a trade deficit of ₹1,575.53 Crore — ranking #12365 of 12657 by surplus magnitude.
India's imports under HSN Code 84571020 have grown at 3.64% CAGR, reaching ₹1,777.87 Crore in FY 2024-25.
Among the 8 HSN codes under Sub-Chapter 8457, HSN Code 84571020 ranks #1 by export value — accounting for 53.92% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 42.63% share (rank #2).
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 84571020 and GST compliance.
It includes Multi-station transfer machines : In-line type
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.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Machining Centres / Vertical; Nil for exempt items if applicable).
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Under HSN 84571020, Machining Centres / Vertical attracts Varies when sold in taxable form. Describe the exact form on the invoice.