--- title: "HSN Code for Wheel & Axle Lathes | HSN 84589943 GST Rate" description: "Find HSN and GST Rates for 84589943 related to Wheel & Axle Lathes with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84589943/" --- # HSN Code 84589943: Wheel & Axle 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 : Crankshaft, relieving, wheel and axle lathes : Wheel and axle lathes | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84589943 ? It includes Other drilling machines : Numerically controlled ### Do e‑way bill and e‑invoice apply for Wheel & Axle 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. ### How much GST applies to Wheel & Axle Lathes? Under HSN 84589943, Wheel & Axle Lathes attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Wheel & Axle 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 should mixed supplies be billed when Wheel & Axle Lathes is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wheel & Axle Lathes; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Wheel & Axle Lathes? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 84589943 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹11 Cr (+28.12% YoY) — 0.0003% of India's total exports - Imports: < ₹1 Crore (−84.09% YoY) — 0.0000% of India's total imports - Trade balance: ₹10 Cr (Surplus); surplus rank #3295 of 12657 HSN codes - Share of Sub-Chapter 8458: 2.82% of its exports; import side 0.04% - Rank within Sub-Chapter 8458: #6 of 20 by export value; import-side #11 ### Key metrics - Export CAGR: 146.80% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5656 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +15,560.00% in FY 2019-20 - Contribution to Sub-Ch. 8458: 2.82% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84589943 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 Crore | 0.0000% | — | 0.02% | 9.13 | 0.0003% | — | 0.63% | −9.08 | #9496 | | FY 2019-20 | 7.83 | 0.0004% | +15,560.00% | 3.94% | 1.85 | 0.0001% | −79.74% | 0.14% | +5.98 | #5324 | | FY 2020-21 | 5.31 | 0.0002% | −32.18% | 2.65% | 8.45 | 0.0003% | +356.76% | 0.89% | −3.14 | #5874 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −91.71% | 0.21% | 14.23 | 0.0003% | +68.40% | 1.19% | −13.79 | #8658 | | FY 2022-23 | 9.56 | 0.0003% | +2,072.73% | 3.84% | 11.83 | 0.0002% | −16.87% | 0.75% | −2.27 | #5685 | | FY 2023-24 | 8.82 | 0.0002% | −7.74% | 2.06% | 6.16 | 0.0001% | −47.93% | 0.29% | +2.66 | #5880 | | FY 2024-25 | 11.30 | 0.0003% | +28.12% | 2.82% | < ₹1 Crore | 0.0000% | −84.09% | 0.04% | +10.32 | #5656 | - CAGR (7-year): exports 146.80%/yr, imports -31.06%/yr (consistently Surplus) ## Key trade insights: HSN Code 84589943 export-import analysis ### Consistent export growth: 146.80% CAGR over 7 years India's exports under HSN Code 84589943 have grown at a compound annual rate of 146.80% over 7 fiscal years, rising from ₹0.05 Crore in FY 2018-19 to ₹11.30 Crore in FY 2024-25. ### HSN Code 84589943 ranked #5656 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84589943 ranks #5656 out of 12657 HSN codes by total export value. Within Sub-Chapter 8458, it ranks #6 of 20. By trade surplus, it ranks #3295 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 84589943 exports The strongest single-year export movement for HSN Code 84589943 was recorded in FY 2019-20, when exports surged by 15,560.00% over the prior year. ### India maintains a trade surplus of ₹10.32 Crore in HSN Code 84589943 goods In FY 2024-25, India's exports of ₹11.30 Cr exceeded imports of ₹0.98 Cr, resulting in a trade surplus of ₹10.32 Crore — ranking #3295 of 12657 by surplus magnitude. ### Import growth of -31.06% CAGR signals stable import dependency for Wheel & Axle Lathes India's imports under HSN Code 84589943 have grown at -31.06% CAGR, reaching ₹0.98 Crore in FY 2024-25. ### HSN Code 84589943 contributes 2.82% of Sub-Chapter 8458 exports — ranked #6 Among the 20 HSN codes under Sub-Chapter 8458, HSN Code 84589943 ranks #6 by export value — accounting for 2.82% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.04% share (rank #11). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-84589932/) | ₹1 Cr | | #10 | [HSN Code 84581913: Automatic Single Spindle Horizontal Lathes: Horizontal Chucking](https://busy.in/hsn/hsn-84581913/) | < ₹1 Crore |