---
title: "HSN Code for Other drilling machines : Other : Deep hole | HSN 84592940 GST Rate"
description: "Find HSN and GST Rates for 84592940 related to Other drilling machines : Other : Deep hole with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-84592940/"
---

# HSN Code 84592940: Other drilling machines : Other : Deep hole

- [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 : Deep hole | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 84592940 ?

It includes Other boring-milling machines : Other : Other

### Does packaging or labelling change the GST for Other drilling machines : Other : Deep hole?

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 : Deep hole?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Any common misclassification issue with Other drilling machines : Other : Deep hole?

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 Other drilling machines : Other : Deep hole is sold with other items?

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

### Do e‑way bill and e‑invoice apply for Other drilling machines : Other : Deep hole?

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.

## India's trade performance: HSN Code 84592940 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹11 Cr (−17.16% YoY) — 0.0003% of India's total exports
- Imports: ₹15 Cr (−7.77% YoY) — 0.0003% of India's total imports
- Trade balance: −₹4 Cr (Deficit); surplus rank #8469 of 12657 HSN codes
- Share of Sub-Chapter 8459: 5.71% of its exports; import side 1.04%
- Rank within Sub-Chapter 8459: #4 of 42 by export value; import-side #20

### Key metrics

- Export CAGR: 6.25% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #5634 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +91.98% in FY 2021-22
- Contribution to Sub-Ch. 8459: 5.71% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 84592940

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 | 7.95 | 0.0003% | — | 7.74% | 12.27 | 0.0003% | — | 1.00% | −4.32 | #5286 |
| FY 2019-20 | 15.15 | 0.0007% | +90.57% | 14.24% | 2.77 | 0.0001% | −77.42% | 0.23% | +12.38 | #4486 |
| FY 2020-21 | 22.07 | 0.0010% | +45.68% | 21.59% | 7.40 | 0.0003% | +167.15% | 1.14% | +14.67 | #4065 |
| FY 2021-22 | 42.37 | 0.0014% | +91.98% | 31.79% | 3.53 | 0.0001% | −52.30% | 0.48% | +38.84 | #3595 |
| FY 2022-23 | 20.31 | 0.0006% | −52.07% | 13.52% | 8.54 | 0.0001% | +141.93% | 0.90% | +11.77 | #4647 |
| FY 2023-24 | 13.81 | 0.0004% | −32.00% | 8.44% | 16.47 | 0.0003% | +92.86% | 1.46% | −2.66 | #5282 |
| FY 2024-25 | 11.44 | 0.0003% | −17.16% | 5.71% | 15.19 | 0.0003% | −7.77% | 1.04% | −3.75 | #5634 |

- CAGR (7-year): exports 6.25%/yr, imports 3.62%/yr (consistently Deficit)

## Key trade insights: HSN Code 84592940 export-import analysis

### Consistent export growth: 6.25% CAGR over 7 years

India's exports under HSN Code 84592940 have grown at a compound annual rate of 6.25% over 7 fiscal years, rising from ₹7.95 Crore in FY 2018-19 to ₹11.44 Crore in FY 2024-25.

### HSN Code 84592940 ranked #5634 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 84592940 ranks #5634 out of 12657 HSN codes by total export value. Within Sub-Chapter 8459, it ranks #4 of 42. By trade surplus, it ranks #8469 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 84592940 exports

The strongest single-year export movement for HSN Code 84592940 was recorded in FY 2021-22, when exports surged by 91.98% over the prior year.

### India records a trade deficit of ₹3.75 Crore in HSN Code 84592940 goods

In FY 2024-25, India's imports of ₹15.19 Cr exceeded exports of ₹11.44 Cr, resulting in a trade deficit of ₹3.75 Crore — ranking #8469 of 12657 by surplus magnitude.

### Import growth of 3.62% CAGR signals stable import dependency for Other drilling machines : Other : Deep hole

India's imports under HSN Code 84592940 have grown at 3.62% CAGR, reaching ₹15.19 Crore in FY 2024-25.

### HSN Code 84592940 contributes 5.71% of Sub-Chapter 8459 exports — ranked #4

Among the 42 HSN codes under Sub-Chapter 8459, HSN Code 84592940 ranks #4 by export value — accounting for 5.71% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.04% share (rank #20).

## 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 (this hsn code) | ₹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 |