--- title: "HSN Code for Other drilling machines : Other : Radial | HSN 84592930 GST Rate" description: "Find HSN and GST Rates for 84592930 related to Other drilling machines : Other : Radial with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84592930/" --- # HSN Code 84592930: Other drilling machines : Other : Radial - [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 8459: Drilling Machines](https://busy.in/hsn/sub-chapter-8459/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other drilling machines : Other : Radial | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84592930 ? It includes Vertical boring machines ### Does packaging or labelling change the GST for Other drilling machines : Other : Radial? 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 Other drilling machines : Other : Radial? 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 Other drilling machines : Other : Radial? 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 Other drilling machines : Other : Radial? Under HSN 84592930, Other drilling machines : Other : Radial attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Other drilling machines : Other : Radial? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 84592930 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹5 Cr (+10.64% YoY) — 0.0001% of India's total exports - Imports: ₹15 Cr (+22.78% YoY) — 0.0002% of India's total imports - Trade balance: −₹10 Cr (Deficit); surplus rank #9060 of 12657 HSN codes - Share of Sub-Chapter 8459: 2.60% of its exports; import side 1.02% - Rank within Sub-Chapter 8459: #11 of 42 by export value; import-side #22 ### Key metrics - Export CAGR: 12.03% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6565 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +69.28% in FY 2021-22 - Contribution to Sub-Ch. 8459: 2.60% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84592930 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. 8459 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8459 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2.63 | 0.0001% | — | 2.56% | 8.93 | 0.0002% | — | 0.73% | −6.30 | #6630 | | FY 2019-20 | 2.42 | 0.0001% | −7.98% | 2.28% | 5.13 | 0.0002% | −42.55% | 0.42% | −2.71 | #6730 | | FY 2020-21 | 1.66 | 0.0001% | −31.41% | 1.62% | 6.39 | 0.0002% | +24.56% | 0.98% | −4.73 | #7189 | | FY 2021-22 | 2.81 | 0.0001% | +69.28% | 2.11% | 5.68 | 0.0001% | −11.11% | 0.78% | −2.87 | #6962 | | FY 2022-23 | 3.30 | 0.0001% | +17.44% | 2.20% | 8.90 | 0.0002% | +56.69% | 0.94% | −5.60 | #6897 | | FY 2023-24 | 4.70 | 0.0001% | +42.42% | 2.87% | 12.16 | 0.0002% | +36.63% | 1.07% | −7.46 | #6646 | | FY 2024-25 | 5.20 | 0.0001% | +10.64% | 2.60% | 14.93 | 0.0002% | +22.78% | 1.02% | −9.73 | #6565 | - CAGR (7-year): exports 12.03%/yr, imports 8.94%/yr (consistently Deficit) ## Key trade insights: HSN Code 84592930 export-import analysis ### Consistent export growth: 12.03% CAGR over 7 years India's exports under HSN Code 84592930 have grown at a compound annual rate of 12.03% over 7 fiscal years, rising from ₹2.63 Crore in FY 2018-19 to ₹5.20 Crore in FY 2024-25. ### HSN Code 84592930 ranked #6565 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84592930 ranks #6565 out of 12657 HSN codes by total export value. Within Sub-Chapter 8459, it ranks #11 of 42. By trade surplus, it ranks #9060 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 84592930 exports The strongest single-year export movement for HSN Code 84592930 was recorded in FY 2021-22, when exports surged by 69.28% over the prior year. ### India records a trade deficit of ₹9.73 Crore in HSN Code 84592930 goods In FY 2024-25, India's imports of ₹14.93 Cr exceeded exports of ₹5.20 Cr, resulting in a trade deficit of ₹9.73 Crore — ranking #9060 of 12657 by surplus magnitude. ### Import growth of 8.94% CAGR signals stable import dependency for Other drilling machines : Other : Radial India's imports under HSN Code 84592930 have grown at 8.94% CAGR, reaching ₹14.93 Crore in FY 2024-25. ### HSN Code 84592930 contributes 2.60% of Sub-Chapter 8459 exports — ranked #11 Among the 42 HSN codes under Sub-Chapter 8459, HSN Code 84592930 ranks #11 by export value — accounting for 2.60% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.02% share (rank #22). ## Related HSN Codes in Sub-Chapter 8459 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84592990: Other drilling machines : Other : Other](https://busy.in/hsn/hsn-84592990/) | ₹45 Cr | | #2 | [HSN Code 84596990: Other Milling Machines \| Other](https://busy.in/hsn/hsn-84596990/) | ₹34 Cr | | #3 | [HSN Code 84594130: Numerically Controlled Boring Machines: Fine Vertical Type](https://busy.in/hsn/hsn-84594130/) | ₹22 Cr | | #4 | [HSN Code 84592940: Other drilling machines : Other : Deep hole](https://busy.in/hsn/hsn-84592940/) | ₹11 Cr | | #5 | [HSN Code 84595930: Milling machine, knee type : Other : Universal](https://busy.in/hsn/hsn-84595930/) | ₹10 Cr | | #6 | [HSN Code 84592100: Other drilling machines : Numerically controlled](https://busy.in/hsn/hsn-84592100/) | ₹8 Cr | | #7 | [HSN Code 84593990: Other boring-milling machines : Other : Other](https://busy.in/hsn/hsn-84593990/) | ₹7 Cr | | #8 | [HSN Code 84597010: Threading machines](https://busy.in/hsn/hsn-84597010/) | ₹7 Cr | | #9 | [HSN Code 84591000: Way-Type Unit Head Machines](https://busy.in/hsn/hsn-84591000/) | ₹7 Cr | | #10 | [HSN Code 84596190: Numerically controlled milling machines0](https://busy.in/hsn/hsn-84596190/) | ₹5 Cr | | #11 | HSN Code 84592930: Other drilling machines : Other : Radial (this hsn code) | ₹5 Cr |