HSN Code 84592990: Other drilling machines : Other : Other

HSN Code 84592990 represents Other drilling machines : Other : Other under GST classification. This code helps businesses identify Other drilling machines : Other : Other correctly for billing, taxation, and trade. With HSN Code 84592990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other drilling machines : Other : Other.

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Description of Goods for HSN Code 84592990

HSN Code 84592990 relates to the following description.

Description of Goods

Other drilling machines : Other : Other

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 84592990 not include?

Other drilling machines : Other : Other 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 84592990 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

₹45 Cr

+10.77% vs FY 2023-24

0.0012% of India’s total exports

India’s Imports

FY 2024-25

₹115 Cr

+27.07% vs FY 2023-24

0.0019% of India’s total imports

Trade Balance

FY 2024-25

−₹70 Cr

Trade Deficit

Surplus rank #10505 of 12657 HSN codes

% of Sub-Chapter 8459

FY 2024-25

22.39%

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

Import side: 7.84% of Sub-Chapter 8459’s imports

Rank Within Sub-Chapter 8459

FY 2024-25

#1 of 42

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

Import-side rank: #3 of 42

At a glance

28.46%

Export CAGR

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

#3772

National Export Rank

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

+164.99%

Peak Growth Year

FY 2023-24 · strongest single-year move

22.39%

Contribution to Sub-Ch. 8459

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

India Export-Import Trade Statistics for HSN Code 84592990

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 #4991

Balance

−62.30

Exports

9.98 ₹ Cr

0.0004% share

— YoY

9.72% of Sub-Ch. 8459

Imports

72.28 ₹ Cr

0.0020% share

— YoY

5.92% of Sub-Ch. 8459

FY 2019-20 Exp. Rank #4227

Balance

−104.21

Exports

18.39 ₹ Cr

0.0008% share

+84.27% YoY

17.29% of Sub-Ch. 8459

Imports

122.60 ₹ Cr

0.0037% share

+69.62% YoY

10.06% of Sub-Ch. 8459

FY 2020-21 Exp. Rank #5422

Balance

−37.29

Exports

7.54 ₹ Cr

0.0004% share

−59.00% YoY

7.38% of Sub-Ch. 8459

Imports

44.83 ₹ Cr

0.0015% share

−63.43% YoY

6.88% of Sub-Ch. 8459

FY 2021-22 Exp. Rank #4955

Balance

−42.36

Exports

15.25 ₹ Cr

0.0005% share

+102.25% YoY

11.44% of Sub-Ch. 8459

Imports

57.61 ₹ Cr

0.0013% share

+28.51% YoY

7.87% of Sub-Ch. 8459

FY 2022-23 Exp. Rank #5039

Balance

−63.09

Exports

15.28 ₹ Cr

0.0004% share

+0.20% YoY

10.17% of Sub-Ch. 8459

Imports

78.37 ₹ Cr

0.0014% share

+36.04% YoY

8.28% of Sub-Ch. 8459

FY 2023-24 Exp. Rank #3815

Balance

−49.97

Exports

40.49 ₹ Cr

0.0011% share

+164.99% YoY

24.74% of Sub-Ch. 8459

Imports

90.46 ₹ Cr

0.0016% share

+15.43% YoY

7.99% of Sub-Ch. 8459

FY 2024-25 Exp. Rank #3772

Balance

−70.10

Exports

44.85 ₹ Cr

0.0012% share

+10.77% YoY

22.39% of Sub-Ch. 8459

Imports

114.95 ₹ Cr

0.0019% share

+27.07% YoY

7.84% of Sub-Ch. 8459

CAGR · 7-Year

Exports

28.46% /yr

Imports

8.04% /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 84592990 Export-Import Analysis

Consistent Export Growth: 28.46% CAGR Over 7 Years

India's exports under HSN Code 84592990 have grown at a compound annual rate of 28.46% over 7 fiscal years, rising from ₹9.98 Crore in FY 2018-19 to ₹44.85 Crore in FY 2024-25.

HSN Code 84592990 Ranked #3772 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84592990 ranks #3772 out of 12657 HSN codes by total export value. Within Sub-Chapter 8459, it ranks #1 of 42. By trade surplus, it ranks #10505 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 84592990 Exports

The strongest single-year export movement for HSN Code 84592990 was recorded in FY 2023-24, when exports surged by 164.99% over the prior year.

India Records a Trade Deficit of ₹70.10 Crore in HSN Code 84592990 Goods

In FY 2024-25, India's imports of ₹114.95 Cr exceeded exports of ₹44.85 Cr, resulting in a trade deficit of ₹70.10 Crore — ranking #10505 of 12657 by surplus magnitude.

Import Growth of 8.04% CAGR Signals Stable Import Dependency for Other drilling machines : Other : Other

India's imports under HSN Code 84592990 have grown at 8.04% CAGR, reaching ₹114.95 Crore in FY 2024-25.

HSN Code 84592990 Contributes 22.39% of Sub-Chapter 8459 Exports — Ranked #1

Among the 42 HSN codes under Sub-Chapter 8459, HSN Code 84592990 ranks #1 by export value — accounting for 22.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.84% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84592990 and GST compliance.

What products are classified under HSN 84592990 ?

It includes Numerically Controlled Horizontal Fine Boring Machines

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

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.

How should mixed supplies be billed when Other drilling machines : Other : Other 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 : Other; Nil for exempt items if applicable).

How much GST applies to Other drilling machines : Other : Other?

Under HSN 84592990, Other drilling machines : Other : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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

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.

Can we claim ITC on inputs used to trade Other drilling machines : Other : Other?

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.