HSN Code 84592930: Other drilling machines : Other : Radial

HSN Code 84592930 represents Other drilling machines : Other : Radial under GST classification. This code helps businesses identify Other drilling machines : Other : Radial correctly for billing, taxation, and trade. With HSN Code 84592930, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other drilling machines : Other : Radial.

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Description of Goods for HSN Code 84592930

HSN Code 84592930 relates to the following description.

Description of Goods

Other drilling machines : Other : Radial

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 84592930 not include?

Other drilling machines : Other : Radial 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 84592930 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

₹5 Cr

+10.64% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹15 Cr

+22.78% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹10 Cr

Trade Deficit

Surplus rank #9060 of 12657 HSN codes

% of Sub-Chapter 8459

FY 2024-25

2.60%

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

Import side: 1.02% of Sub-Chapter 8459’s imports

Rank Within Sub-Chapter 8459

FY 2024-25

#11 of 42

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

Import-side rank: #22 of 42

At a glance

12.03%

Export CAGR

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

#6565

National Export Rank

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

+69.28%

Peak Growth Year

FY 2021-22 · strongest single-year move

2.60%

Contribution to Sub-Ch. 8459

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #6630

Balance

−6.30

Exports

2.63 ₹ Cr

0.0001% share

— YoY

2.56% of Sub-Ch. 8459

Imports

8.93 ₹ Cr

0.0002% share

— YoY

0.73% of Sub-Ch. 8459

FY 2019-20 Exp. Rank #6730

Balance

−2.71

Exports

2.42 ₹ Cr

0.0001% share

−7.98% YoY

2.28% of Sub-Ch. 8459

Imports

5.13 ₹ Cr

0.0002% share

−42.55% YoY

0.42% of Sub-Ch. 8459

FY 2020-21 Exp. Rank #7189

Balance

−4.73

Exports

1.66 ₹ Cr

0.0001% share

−31.41% YoY

1.62% of Sub-Ch. 8459

Imports

6.39 ₹ Cr

0.0002% share

+24.56% YoY

0.98% of Sub-Ch. 8459

FY 2021-22 Exp. Rank #6962

Balance

−2.87

Exports

2.81 ₹ Cr

0.0001% share

+69.28% YoY

2.11% of Sub-Ch. 8459

Imports

5.68 ₹ Cr

0.0001% share

−11.11% YoY

0.78% of Sub-Ch. 8459

FY 2022-23 Exp. Rank #6897

Balance

−5.60

Exports

3.30 ₹ Cr

0.0001% share

+17.44% YoY

2.20% of Sub-Ch. 8459

Imports

8.90 ₹ Cr

0.0002% share

+56.69% YoY

0.94% of Sub-Ch. 8459

FY 2023-24 Exp. Rank #6646

Balance

−7.46

Exports

4.70 ₹ Cr

0.0001% share

+42.42% YoY

2.87% of Sub-Ch. 8459

Imports

12.16 ₹ Cr

0.0002% share

+36.63% YoY

1.07% of Sub-Ch. 8459

FY 2024-25 Exp. Rank #6565

Balance

−9.73

Exports

5.20 ₹ Cr

0.0001% share

+10.64% YoY

2.60% of Sub-Ch. 8459

Imports

14.93 ₹ Cr

0.0002% share

+22.78% YoY

1.02% of Sub-Ch. 8459

CAGR · 7-Year

Exports

12.03% /yr

Imports

8.94% /yr

Consistently Deficit
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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84592930 and GST compliance.

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.

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.