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

HSN Code 84592940 represents Other drilling machines : Other : Deep hole under GST classification. This code helps businesses identify Other drilling machines : Other : Deep hole correctly for billing, taxation, and trade. With HSN Code 84592940, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other drilling machines : Other : Deep hole.

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Description of Goods for HSN Code 84592940

HSN Code 84592940 relates to the following description.

Description of Goods

Other drilling machines : Other : Deep hole

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 84592940 not include?

Other drilling machines : Other : Deep hole does not include products with the following descriptions.

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

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

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

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

Other boring machines : Numerically controlled: Jig boring machines horizontal

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

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

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India’s Trade Performance — HSN Code 84592940 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹42 Cr

+266.08% vs FY 2024-25

0.0011% of India’s total exports

India’s Imports

FY 2025-26

₹40 Cr

+160.43% vs FY 2024-25

0.0006% of India’s total imports

Trade Balance

FY 2025-26

₹2 Cr

Trade Surplus

Surplus rank #4234 of 12872 HSN codes

% of Sub-Chapter 8459

FY 2025-26

21.05%

Share of Sub-Chapter 8459’s total exports in FY 2025-26

Import side: 2.08% of Sub-Chapter 8459’s imports

Rank Within Sub-Chapter 8459

FY 2025-26

#1 of 42

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

Import-side rank: #14 of 42

At a glance

26.79%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#4047

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+266.08%

Peak Growth Year

FY 2025-26 · strongest single-year move

21.05%

Contribution to Sub-Ch. 8459

Share of Sub-Chapter 8459 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 84592940

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #5286

Balance

−4.32

Exports

7.95 ₹ Cr

0.0003% share

— YoY

7.74% of Sub-Ch. 8459

Imports

12.27 ₹ Cr

0.0003% share

— YoY

1.00% of Sub-Ch. 8459

FY 2019-20 Exp. Rank #4486

Balance

+12.38

Exports

15.15 ₹ Cr

0.0007% share

+90.57% YoY

14.24% of Sub-Ch. 8459

Imports

2.77 ₹ Cr

0.0001% share

−77.42% YoY

0.23% of Sub-Ch. 8459

FY 2020-21 Exp. Rank #4065

Balance

+14.67

Exports

22.07 ₹ Cr

0.0010% share

+45.68% YoY

21.59% of Sub-Ch. 8459

Imports

7.40 ₹ Cr

0.0003% share

+167.15% YoY

1.14% of Sub-Ch. 8459

FY 2021-22 Exp. Rank #3595

Balance

+38.84

Exports

42.37 ₹ Cr

0.0014% share

+91.98% YoY

31.79% of Sub-Ch. 8459

Imports

3.53 ₹ Cr

0.0001% share

−52.30% YoY

0.48% of Sub-Ch. 8459

FY 2022-23 Exp. Rank #4647

Balance

+11.77

Exports

20.31 ₹ Cr

0.0006% share

−52.07% YoY

13.52% of Sub-Ch. 8459

Imports

8.54 ₹ Cr

0.0001% share

+141.93% YoY

0.90% of Sub-Ch. 8459

FY 2023-24 Exp. Rank #5282

Balance

−2.66

Exports

13.81 ₹ Cr

0.0004% share

−32.00% YoY

8.44% of Sub-Ch. 8459

Imports

16.47 ₹ Cr

0.0003% share

+92.86% YoY

1.46% of Sub-Ch. 8459

FY 2024-25 Exp. Rank #5634

Balance

−3.75

Exports

11.44 ₹ Cr

0.0003% share

−17.16% YoY

5.71% of Sub-Ch. 8459

Imports

15.19 ₹ Cr

0.0003% share

−7.77% YoY

1.04% of Sub-Ch. 8459

FY 2025-26 Exp. Rank #4047

Balance

+2.32

Exports

41.88 ₹ Cr

0.0011% share

+266.08% YoY

21.05% of Sub-Ch. 8459

Imports

39.56 ₹ Cr

0.0006% share

+160.43% YoY

2.08% of Sub-Ch. 8459

CAGR · 8-Year

Exports

26.79% /yr

Imports

18.20% /yr

Consistently Surplus
Sub-Chapter 8459 total

reference, FY 2025-26

Export

₹198.99 Cr

Import

₹1,899.01 Cr

Trade Balance

−1,700.02

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

Key Trade Insights: HSN Code 84592940 Export-Import Analysis

Consistent Export Growth: 26.79% CAGR Over 8 Years

India's exports under HSN Code 84592940 have grown at a compound annual rate of 26.79% over 8 fiscal years, rising from ₹7.95 Crore in FY 2018-19 to ₹41.88 Crore in FY 2025-26.

HSN Code 84592940 Ranked #4047 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 84592940 ranks #4047 out of 12872 HSN codes by total export value. Within Sub-Chapter 8459, it ranks #1 of 42. By trade surplus, it ranks #4234 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 84592940 Exports

The strongest single-year export movement for HSN Code 84592940 was recorded in FY 2025-26, when exports surged by 266.08% over the prior year.

India Maintains a Trade Surplus of ₹2.32 Crore in HSN Code 84592940 Goods

In FY 2025-26, India's exports of ₹41.88 Cr exceeded imports of ₹39.56 Cr, resulting in a trade surplus of ₹2.32 Crore — ranking #4234 of 12872 by surplus magnitude.

Import Growth of 18.20% CAGR Signals Rising Demand for Other drilling machines : Other : Deep hole

India's imports under HSN Code 84592940 have grown at 18.20% CAGR, reaching ₹39.56 Crore in FY 2025-26.

HSN Code 84592940 Contributes 21.05% of Sub-Chapter 8459 Exports — Ranked #1

Among the 42 HSN codes under Sub-Chapter 8459, HSN Code 84592940 ranks #1 by export value — accounting for 21.05% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 2.08% share (rank #14).

Frequently Asked Questions

Clear answers to common queries about HSN Code 84592940 and GST compliance.

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.

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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.