HSN Code 84589931: Capstan Lathe

HSN Code 84589931 represents Capstan Lathe under GST classification. This code helps businesses identify Capstan Lathe correctly for billing, taxation, and trade. With HSN Code 84589931, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Capstan Lathe.

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Description of Goods for HSN Code 84589931

HSN Code 84589931 relates to the following description.

Description of Goods

Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Capstans lathes

Chapter

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

Sub Chapter

8458 - Lathes (including turning centres) for removing metal

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84589931 not include?

Capstan Lathe does not include products with the following descriptions.

HSN Code 84581911

Horizontal lathes : Other : Automatic, single spindle : Horizontal bar, swiss type

HSN Code 84581912

Horizontal lathes : Other : Automatic, single spindle : Base sliding head type

HSN Code 84581913

Horizontal lathes : Other : Automatic, single spindle : Horizontal chucking

HSN Code 84589932

Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Turrets lathes

HSN Code 84589933

Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Capstan and turret combination lathes

HSN Code 84589934

Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Copying lathes

HSN Code 84589935

Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Multi-tool and production lathes

HSN Code 84589941

Other lathes : Other : Crankshaft, relieving, wheel and axle lathes : Crankshaft lathes

HSN Code 84589942

Other lathes : Other : Crankshaft, relieving, wheel and axle lathes : Relieving lathes

HSN Code 84589943

Other lathes : Other : Crankshaft, relieving, wheel and axle lathes : Wheel and axle lathes

India’s Trade Performance — HSN Code 84589931 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

< ₹1 Crore

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #5210 of 12657 HSN codes

% of Sub-Chapter 8458

FY 2024-25

0.03%

Share of Sub-Chapter 8458’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 8458’s imports

Rank Within Sub-Chapter 8458

FY 2024-25

#16 of 20

Position by export value among HSN codes in Sub-Chapter 8458

At a glance

#9672

National Export Rank

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

−5.13%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.03%

Contribution to Sub-Ch. 8458

Share of Sub-Chapter 8458 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84589931

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

Balance

−0.05

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2019-20 Exp. Rank #9717

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8458

FY 2020-21

Balance

−0.01

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2021-22 Exp. Rank #8745

Balance

+0.24

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.19% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+1,400.00% YoY

0.01% of Sub-Ch. 8458

FY 2022-23 Exp. Rank #8913

Balance

+0.36

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−5.13% YoY

0.15% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−93.33% YoY

0.00% of Sub-Ch. 8458

FY 2023-24

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8458

FY 2024-25 Exp. Rank #9672

Balance

+0.12

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

Sub-Chapter 8458 total

reference, FY 2024-25

Export

₹400.06 Cr

Import

₹2,436.60 Cr

Trade Balance

−2,036.54

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

Key Trade Insights: HSN Code 84589931 Export-Import Analysis

Export Snapshot for HSN Code 84589931

India exported ₹0.12 Crore worth of Capstan Lathe in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 84589931 Ranked #9672 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84589931 ranks #9672 out of 12657 HSN codes by total export value. Within Sub-Chapter 8458, it ranks #16 of 20. By trade surplus, it ranks #5210 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 84589931 Exports

The strongest single-year export movement for HSN Code 84589931 was recorded in FY 2022-23, when exports declined by 5.13% over the prior year.

India Maintains a Trade Surplus of ₹0.12 Crore in HSN Code 84589931 Goods

In FY 2024-25, India's exports of ₹0.12 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.12 Crore — ranking #5210 of 12657 by surplus magnitude.

HSN Code 84589931 Contributes 0.03% of Sub-Chapter 8458 Exports — Ranked #16

Among the 20 HSN codes under Sub-Chapter 8458, HSN Code 84589931 ranks #16 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84589931 and GST compliance.

What products are classified under HSN 84589931 ?

It includes Crankshaft Lathes

Do e‑way bill and e‑invoice apply for Capstan Lathe?

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 Capstan Lathe?

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

How should mixed supplies be billed when Capstan Lathe is sold with other items?

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

Can we claim ITC on inputs used to trade Capstan Lathe?

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 Capstan Lathe?

Under HSN 84589931, Capstan Lathe 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.