HSN Code 84589943: Wheel & Axle Lathes

HSN Code 84589943 represents Wheel & Axle Lathes under GST classification. This code helps businesses identify Wheel & Axle Lathes correctly for billing, taxation, and trade. With HSN Code 84589943, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wheel & Axle Lathes.

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Description of Goods for HSN Code 84589943

HSN Code 84589943 relates to the following description.

Description of Goods

Other lathes : Other : Crankshaft, relieving, wheel and axle lathes : Wheel and axle 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 84589943 not include?

Wheel & Axle 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 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

India’s Trade Performance — HSN Code 84589943 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

₹11 Cr

+28.12% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−84.09% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹10 Cr

Trade Surplus

Surplus rank #3295 of 12657 HSN codes

% of Sub-Chapter 8458

FY 2024-25

2.82%

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

Import side: 0.04% of Sub-Chapter 8458’s imports

Rank Within Sub-Chapter 8458

FY 2024-25

#6 of 20

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

Import-side rank: #11 of 20

At a glance

146.80%

Export CAGR

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

#5656

National Export Rank

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

+15,560.00%

Peak Growth Year

FY 2019-20 · strongest single-year move

2.82%

Contribution to Sub-Ch. 8458

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9496

Balance

−9.08

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 8458

Imports

9.13 ₹ Cr

0.0003% share

— YoY

0.63% of Sub-Ch. 8458

FY 2019-20 Exp. Rank #5324

Balance

+5.98

Exports

7.83 ₹ Cr

0.0004% share

+15,560.00% YoY

3.94% of Sub-Ch. 8458

Imports

1.85 ₹ Cr

0.0001% share

−79.74% YoY

0.14% of Sub-Ch. 8458

FY 2020-21 Exp. Rank #5874

Balance

−3.14

Exports

5.31 ₹ Cr

0.0002% share

−32.18% YoY

2.65% of Sub-Ch. 8458

Imports

8.45 ₹ Cr

0.0003% share

+356.76% YoY

0.89% of Sub-Ch. 8458

FY 2021-22 Exp. Rank #8658

Balance

−13.79

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−91.71% YoY

0.21% of Sub-Ch. 8458

Imports

14.23 ₹ Cr

0.0003% share

+68.40% YoY

1.19% of Sub-Ch. 8458

FY 2022-23 Exp. Rank #5685

Balance

−2.27

Exports

9.56 ₹ Cr

0.0003% share

+2,072.73% YoY

3.84% of Sub-Ch. 8458

Imports

11.83 ₹ Cr

0.0002% share

−16.87% YoY

0.75% of Sub-Ch. 8458

FY 2023-24 Exp. Rank #5880

Balance

+2.66

Exports

8.82 ₹ Cr

0.0002% share

−7.74% YoY

2.06% of Sub-Ch. 8458

Imports

6.16 ₹ Cr

0.0001% share

−47.93% YoY

0.29% of Sub-Ch. 8458

FY 2024-25 Exp. Rank #5656

Balance

+10.32

Exports

11.30 ₹ Cr

0.0003% share

+28.12% YoY

2.82% of Sub-Ch. 8458

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−84.09% YoY

0.04% of Sub-Ch. 8458

CAGR · 7-Year

Exports

146.80% /yr

Imports

−31.06% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84589943 and GST compliance.

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.

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.