HSN Code 84589935: Multi-Tool/Production Lathes

HSN Code 84589935 represents Multi-Tool/Production Lathes under GST classification. This code helps businesses identify Multi-Tool/Production Lathes correctly for billing, taxation, and trade. With HSN Code 84589935, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Multi-Tool/Production Lathes.

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Description of Goods for HSN Code 84589935

HSN Code 84589935 relates to the following description.

Description of Goods

Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Multi-tool and production 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 84589935 not include?

Multi-Tool/Production Lathes 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 84589931

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

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 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 84589935 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

−89.47% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−99.05% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #5519 of 12657 HSN codes

% of Sub-Chapter 8458

FY 2024-25

0.02%

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

#17 of 20

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

Import-side rank: #17 of 20

At a glance

−33.44%

Export CAGR

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

#9843

National Export Rank

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

+65.22%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.02%

Contribution to Sub-Ch. 8458

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

India Export-Import Trade Statistics for HSN Code 84589935

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 #7701

Balance

+0.66

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.40% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 8458

FY 2019-20 Exp. Rank #7531

Balance

−1.45

Exports

1.08 ₹ Cr

0.0000% share

+17.39% YoY

0.54% of Sub-Ch. 8458

Imports

2.53 ₹ Cr

0.0001% share

+873.08% YoY

0.20% of Sub-Ch. 8458

FY 2020-21 Exp. Rank #7294

Balance

+1.24

Exports

1.48 ₹ Cr

0.0001% share

+37.04% YoY

0.74% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−90.51% YoY

0.03% of Sub-Ch. 8458

FY 2021-22 Exp. Rank #8075

Balance

−0.86

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−39.86% YoY

0.42% of Sub-Ch. 8458

Imports

1.75 ₹ Cr

0.0000% share

+629.17% YoY

0.15% of Sub-Ch. 8458

FY 2022-23 Exp. Rank #8746

Balance

+0.46

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−48.31% YoY

0.18% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8458

FY 2023-24 Exp. Rank #8479

Balance

−5.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+65.22% YoY

0.18% of Sub-Ch. 8458

Imports

6.29 ₹ Cr

0.0001% share

— YoY

0.30% of Sub-Ch. 8458

FY 2024-25 Exp. Rank #9843

Balance

+0.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−89.47% YoY

0.02% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−99.05% YoY

0.00% of Sub-Ch. 8458

CAGR · 7-Year

Exports

−33.44% /yr

Imports

−21.68% /yr

Consistently Surplus
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 84589935 Export-Import Analysis

Export Decline: −33.44% CAGR Over 7 Years

India's exports under HSN Code 84589935 have declined at a compound annual rate of −33.44% over 7 fiscal years, falling from ₹0.92 Crore in FY 2018-19 to ₹0.08 Crore in FY 2024-25.

HSN Code 84589935 Ranked #9843 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84589935 ranks #9843 out of 12657 HSN codes by total export value. Within Sub-Chapter 8458, it ranks #17 of 20. By trade surplus, it ranks #5519 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 84589935 Exports

The strongest single-year export movement for HSN Code 84589935 was recorded in FY 2023-24, when exports surged by 65.22% over the prior year.

India Maintains a Trade Surplus of ₹0.02 Crore in HSN Code 84589935 Goods

In FY 2024-25, India's exports of ₹0.08 Cr exceeded imports of ₹0.06 Cr, resulting in a trade surplus of ₹0.02 Crore — ranking #5519 of 12657 by surplus magnitude.

Import Growth of −21.68% CAGR Signals Stable Import Dependency for Multi-Tool/Production Lathes

India's imports under HSN Code 84589935 have grown at −21.68% CAGR, reaching ₹0.06 Crore in FY 2024-25.

HSN Code 84589935 Contributes 0.02% of Sub-Chapter 8458 Exports — Ranked #17

Among the 20 HSN codes under Sub-Chapter 8458, HSN Code 84589935 ranks #17 by export value — accounting for 0.02% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84589935 and GST compliance.

What products are classified under HSN 84589935 ?

It includes Other lathes : Other : Centre lathes : Other

Can we claim ITC on inputs used to trade Multi-Tool/Production Lathes?

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

Do e‑way bill and e‑invoice apply for Multi-Tool/Production Lathes?

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 Multi-Tool/Production 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.

Any common misclassification issue with Multi-Tool/Production Lathes?

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 Multi-Tool/Production Lathes is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Multi-Tool/Production Lathes; Nil for exempt items if applicable).

How much GST applies to Multi-Tool/Production Lathes?

Under HSN 84589935, Multi-Tool/Production Lathes 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.