HSN Code 84592920: Multi-spindle drilling machines

HSN Code 84592920 represents Multi-spindle drilling machines under GST classification. This code helps businesses identify Multi-spindle drilling machines correctly for billing, taxation, and trade. With HSN Code 84592920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Multi-spindle drilling machines.

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Description of Goods for HSN Code 84592920

HSN Code 84592920 relates to the following description.

Description of Goods

Other drilling machines : Other : Pillar or columns, multi-spindle

Chapter

84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

Sub Chapter

8459 - Machine-tools (including way-type unit head machines) for drilling, boring, milling, treading or tapping by removing metal, other than lathes (including turning centres) of heading 8458

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84592920 not include?

Multi-spindle drilling machines does not include products with the following descriptions.

HSN Code 84594010

Machine-tools (including way-type unit head machines) for drilling, boring, milling, threading or tapping by removing metal, other than lathes (including turning centres) of heading 8458 - other boring machines : jig boring machines horizontal

HSN Code 84594020

Machine-tools (including way-type unit head machines) for drilling, boring, milling, threading or tapping by removing metal, other than lathes (including turning centres) of heading 8458 - other boring machines : fine boring machines, horizontal

HSN Code 84594030

Machine-tools (including way-type unit head machines) for drilling, boring, milling, threading or tapping by removing metal, other than lathes (including turning centres) of heading 8458 - other boring machines : fine boring machines, vertical

HSN Code 84594090

Machine-tools (including way-type unit head machines) for drilling, boring, milling, threading or tapping by removing metal, other than lathes (including turning centres) of heading 8458 - other boring machines : other

HSN Code 84594110

Other boring machines : Numerically controlled: Jig boring machines horizontal

HSN Code 84594120

Other boring machines : Numerically controlled: Fine boring machines, horizontal

HSN Code 84594130

Other boring machines : Numerically controlled: Fine boring machines, vertical

India’s Trade Performance — HSN Code 84592920 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

−21.59% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+263.64% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

< ₹1 Crore

Trade Surplus

Surplus rank #4985 of 12657 HSN codes

% of Sub-Chapter 8459

FY 2024-25

0.34%

Share of Sub-Chapter 8459’s total exports in FY 2024-25

Import side: 0.03% of Sub-Chapter 8459’s imports

Rank Within Sub-Chapter 8459

FY 2024-25

#28 of 42

Position by export value among HSN codes in Sub-Chapter 8459

Import-side rank: #32 of 42

At a glance

6.99%

Export CAGR

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

#8566

National Export Rank

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

+361.11%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.34%

Contribution to Sub-Ch. 8459

Share of Sub-Chapter 8459 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84592920

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 #8240

Balance

−0.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.45% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.08% of Sub-Ch. 8459

FY 2019-20 Exp. Rank #7915

Balance

+0.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+56.52% YoY

0.68% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−69.70% YoY

0.02% of Sub-Ch. 8459

FY 2020-21 Exp. Rank #8941

Balance

−2.80

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−75.00% YoY

0.18% of Sub-Ch. 8459

Imports

2.98 ₹ Cr

0.0001% share

+893.33% YoY

0.46% of Sub-Ch. 8459

FY 2021-22 Exp. Rank #8146

Balance

+0.06

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+361.11% YoY

0.62% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−74.16% YoY

0.11% of Sub-Ch. 8459

FY 2022-23 Exp. Rank #8483

Balance

−0.22

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−22.89% YoY

0.43% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+11.69% YoY

0.09% of Sub-Ch. 8459

FY 2023-24 Exp. Rank #8342

Balance

+0.77

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+37.50% YoY

0.54% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−87.21% YoY

0.01% of Sub-Ch. 8459

FY 2024-25 Exp. Rank #8566

Balance

+0.29

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−21.59% YoY

0.34% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+263.64% YoY

0.03% of Sub-Ch. 8459

CAGR · 7-Year

Exports

6.99% /yr

Imports

−14.02% /yr

Consistently Surplus
Sub-Chapter 8459 total

reference, FY 2024-25

Export

₹200.31 Cr

Import

₹1,465.39 Cr

Trade Balance

−1,265.08

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 84592920 Export-Import Analysis

Consistent Export Growth: 6.99% CAGR Over 7 Years

India's exports under HSN Code 84592920 have grown at a compound annual rate of 6.99% over 7 fiscal years, rising from ₹0.46 Crore in FY 2018-19 to ₹0.69 Crore in FY 2024-25.

HSN Code 84592920 Ranked #8566 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84592920 ranks #8566 out of 12657 HSN codes by total export value. Within Sub-Chapter 8459, it ranks #28 of 42. By trade surplus, it ranks #4985 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 84592920 Exports

The strongest single-year export movement for HSN Code 84592920 was recorded in FY 2021-22, when exports surged by 361.11% over the prior year.

India Maintains a Trade Surplus of ₹0.29 Crore in HSN Code 84592920 Goods

In FY 2024-25, India's exports of ₹0.69 Cr exceeded imports of ₹0.40 Cr, resulting in a trade surplus of ₹0.29 Crore — ranking #4985 of 12657 by surplus magnitude.

Import Growth of −14.02% CAGR Signals Stable Import Dependency for Multi-spindle drilling machines

India's imports under HSN Code 84592920 have grown at −14.02% CAGR, reaching ₹0.40 Crore in FY 2024-25.

HSN Code 84592920 Contributes 0.34% of Sub-Chapter 8459 Exports — Ranked #28

Among the 42 HSN codes under Sub-Chapter 8459, HSN Code 84592920 ranks #28 by export value — accounting for 0.34% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #32).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84592920 and GST compliance.

What products are classified under HSN 84592920 ?

It includes Numerically controlled boring-milling machines

How much GST applies to Multi-spindle drilling machines?

Under HSN 84592920, Multi-spindle drilling machines attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Multi-spindle drilling machines?

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.

Any common misclassification issue with Multi-spindle drilling machines?

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-spindle drilling machines is sold with other items?

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

Does packaging or labelling change the GST for Multi-spindle drilling machines?

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.

Can we claim ITC on inputs used to trade Multi-spindle drilling machines?

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.