--- title: "HSN Code for Turret Lathes | HSN 84589932 GST Rate" description: "Find HSN and GST Rates for 84589932 related to Turret Lathes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84589932/" --- # HSN Code 84589932: Turret Lathes - [Section 16: Guide to HSN Section 16](https://busy.in/hsn/section-16/) - [Chapter 84: Nuclear Reactors, Boilers & Machinery](https://busy.in/hsn/chapter-84/) - [Sub-chapter 8458: Metal Lathes](https://busy.in/hsn/sub-chapter-8458/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Turrets lathes | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84589932 ? It includes Other Relieving Lathes ### Can we claim ITC on inputs used to trade Turret Lathes? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Turret Lathes? 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 Turret Lathes? Under HSN 84589932, Turret Lathes attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Turret Lathes is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Turret Lathes; Nil for exempt items if applicable). ### Any common misclassification issue with Turret Lathes? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 84589932 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (−80.06% YoY) — 0.0000% of India's total exports - Imports: ₹16 Cr (−29.78% YoY) — 0.0003% of India's total imports - Trade balance: −₹15 Cr (Deficit); surplus rank #9343 of 12657 HSN codes - Share of Sub-Chapter 8458: 0.31% of its exports; import side 0.66% - Rank within Sub-Chapter 8458: #9 of 20 by export value; import-side #8 ### Key metrics - Export CAGR: -1.28% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8050 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +4,000.00% in FY 2021-22 - Contribution to Sub-Ch. 8458: 0.31% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84589932 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 8458 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8458 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1.34 | 0.0001% | — | 0.59% | 7.98 | 0.0002% | — | 0.55% | −6.64 | #7344 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −31.34% | 0.46% | 7.94 | 0.0002% | −0.50% | 0.62% | −7.02 | #7689 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −97.83% | 0.01% | 5.60 | 0.0002% | −29.47% | 0.59% | −5.58 | #9824 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +4,000.00% | 0.39% | 4.49 | 0.0001% | −19.82% | 0.38% | −3.67 | #8156 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | 7.60 | 0.0001% | +69.27% | 0.48% | −7.60 | — | | FY 2023-24 | 6.22 | 0.0002% | — | 1.45% | 22.87 | 0.0004% | +200.92% | 1.09% | −16.65 | #6311 | | FY 2024-25 | 1.24 | 0.0000% | −80.06% | 0.31% | 16.06 | 0.0003% | −29.78% | 0.66% | −14.82 | #8050 | - CAGR (7-year): exports -1.28%/yr, imports 12.36%/yr (consistently Deficit) ## Key trade insights: HSN Code 84589932 export-import analysis ### Export decline: -1.28% CAGR over 7 years India's exports under HSN Code 84589932 have declined at a compound annual rate of -1.28% over 7 fiscal years, falling from ₹1.34 Crore in FY 2018-19 to ₹1.24 Crore in FY 2024-25. ### HSN Code 84589932 ranked #8050 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84589932 ranks #8050 out of 12657 HSN codes by total export value. Within Sub-Chapter 8458, it ranks #9 of 20. By trade surplus, it ranks #9343 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 84589932 exports The strongest single-year export movement for HSN Code 84589932 was recorded in FY 2021-22, when exports surged by 4,000.00% over the prior year. ### India records a trade deficit of ₹14.82 Crore in HSN Code 84589932 goods In FY 2024-25, India's imports of ₹16.06 Cr exceeded exports of ₹1.24 Cr, resulting in a trade deficit of ₹14.82 Crore — ranking #9343 of 12657 by surplus magnitude. ### Import growth of 12.36% CAGR signals rising demand for Turret Lathes India's imports under HSN Code 84589932 have grown at 12.36% CAGR, reaching ₹16.06 Crore in FY 2024-25. ### HSN Code 84589932 contributes 0.31% of Sub-Chapter 8458 exports — ranked #9 Among the 20 HSN codes under Sub-Chapter 8458, HSN Code 84589932 ranks #9 by export value — accounting for 0.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.66% share (rank #8). ## Related HSN Codes in Sub-Chapter 8458 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84581100: Horizontal lathes : Numerically controlled](https://busy.in/hsn/hsn-84581100/) | ₹233 Cr | | #2 | [HSN Code 84589100: Other Lathes \| Numerically Controlled](https://busy.in/hsn/hsn-84589100/) | ₹59 Cr | | #3 | [HSN Code 84581990: Horizontal Lathes \| Other](https://busy.in/hsn/hsn-84581990/) | ₹35 Cr | | #4 | [HSN Code 84589951: Other lathes: Tool-room type](https://busy.in/hsn/hsn-84589951/) | ₹29 Cr | | #5 | [HSN Code 84589990: Other lathes : Other : Centre lathes : Other](https://busy.in/hsn/hsn-84589990/) | ₹20 Cr | | #6 | [HSN Code 84589943: Wheel & Axle Lathes](https://busy.in/hsn/hsn-84589943/) | ₹11 Cr | | #7 | [HSN Code 84581911: Automatic Single Spindle Horizontal Bar Lathes (Swiss Type) 46](https://busy.in/hsn/hsn-84581911/) | ₹6 Cr | | #8 | [HSN Code 84589959: Other lathes : Other : Centre lathes : Other](https://busy.in/hsn/hsn-84589959/) | ₹3 Cr | | #9 | HSN Code 84589932: Turret Lathes (this hsn code) | ₹1 Cr | | #10 | [HSN Code 84581913: Automatic Single Spindle Horizontal Lathes: Horizontal Chucking](https://busy.in/hsn/hsn-84581913/) | < ₹1 Crore |