HSN Code 84589941: Crankshaft Lathes

HSN Code 84589941 represents Crankshaft Lathes under GST classification. This code helps businesses identify Crankshaft Lathes correctly for billing, taxation, and trade. With HSN Code 84589941, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Crankshaft Lathes.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 84589941

HSN Code 84589941 relates to the following description.

Description of Goods

Other lathes : Other : Crankshaft, relieving, wheel and axle lathes : Crankshaft 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 84589941 not include?

Crankshaft 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 84589935

Other lathes : Other : Capstans, turrets, capstan and turret combination, coping, multi tool and production lathes : Multi-tool and production 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 84589941 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

+288.89% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4925 of 12657 HSN codes

% of Sub-Chapter 8458

FY 2024-25

0.09%

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

#13 of 20

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

At a glance

−32.65%

Export CAGR

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

#9108

National Export Rank

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

+566.67%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.09%

Contribution to Sub-Ch. 8458

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

India Export-Import Trade Statistics for HSN Code 84589941

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 #6216

Balance

+3.75

Exports

3.75 ₹ Cr

0.0002% share

— YoY

1.64% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2019-20 Exp. Rank #9220

Balance

+0.09

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−97.60% YoY

0.05% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2020-21 Exp. Rank #9719

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−66.67% YoY

0.01% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2021-22 Exp. Rank #9964

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.01% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2022-23 Exp. Rank #9286

Balance

+0.20

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+566.67% YoY

0.08% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2023-24 Exp. Rank #9818

Balance

+0.08

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−55.00% YoY

0.02% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8458

FY 2024-25 Exp. Rank #9108

Balance

+0.35

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+288.89% YoY

0.09% of Sub-Ch. 8458

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8458

CAGR · 7-Year

Exports

−32.65% /yr

Imports

—

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 84589941 Export-Import Analysis

Export Decline: −32.65% CAGR Over 7 Years

India's exports under HSN Code 84589941 have declined at a compound annual rate of −32.65% over 7 fiscal years, falling from ₹3.75 Crore in FY 2018-19 to ₹0.35 Crore in FY 2024-25.

HSN Code 84589941 Ranked #9108 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84589941 ranks #9108 out of 12657 HSN codes by total export value. Within Sub-Chapter 8458, it ranks #13 of 20. By trade surplus, it ranks #4925 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 84589941 Exports

The strongest single-year export movement for HSN Code 84589941 was recorded in FY 2022-23, when exports surged by 566.67% over the prior year.

India Maintains a Trade Surplus of ₹0.35 Crore in HSN Code 84589941 Goods

In FY 2024-25, India's exports of ₹0.35 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.35 Crore — ranking #4925 of 12657 by surplus magnitude.

HSN Code 84589941 Contributes 0.09% of Sub-Chapter 8458 Exports — Ranked #13

Among the 20 HSN codes under Sub-Chapter 8458, HSN Code 84589941 ranks #13 by export value — accounting for 0.09% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 84589941 and GST compliance.

What products are classified under HSN 84589941 ?

It includes Other lathes : Other : Centre lathes : Other

How should mixed supplies be billed when Crankshaft Lathes is sold with other items?

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

Does packaging or labelling change the GST for Crankshaft 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 Crankshaft Lathes?

Under HSN 84589941, Crankshaft Lathes attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Crankshaft 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 Crankshaft 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.

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.