--- title: "HSN Code for Fine boring machines, horizontal | HSN 84594920 GST Rate" description: "Find HSN and GST Rates for 84594920 related to Fine boring machines, horizontal with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84594920/" --- # HSN Code 84594920: Fine boring machines, horizontal - [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 boring machines : Other: Fine boring machines, horizontal | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84594920 ? It includes Universal milling, knee type ### Does packaging or labelling change the GST for Fine boring machines, horizontal? 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 Fine boring machines, horizontal? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Fine boring machines, horizontal? Under HSN 84594920, Fine boring machines, horizontal attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Fine boring machines, horizontal? 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 should mixed supplies be billed when Fine boring machines, horizontal is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Fine boring machines, horizontal; Nil for exempt items if applicable). ## India's trade performance: HSN Code 84594920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−71.52% YoY) — 0.0000% of India's total exports - Imports: ₹4 Cr (−50.53% YoY) — 0.0001% of India's total imports - Trade balance: −₹3 Cr (Deficit); surplus rank #8346 of 12657 HSN codes - Share of Sub-Chapter 8459: 0.45% of its exports; import side 0.26% - Rank within Sub-Chapter 8459: #26 of 42 by export value; import-side #30 ### Key metrics - Export CAGR: 41.95% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8346 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,563.16% in FY 2023-24 - Contribution to Sub-Ch. 8459: 0.45% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84594920 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 | < ₹1 Crore | 0.0000% | — | 0.11% | < ₹1 Crore | 0.0000% | — | 0.02% | −0.15 | #9141 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −54.55% | 0.05% | 9.12 | 0.0003% | +3,407.69% | 0.75% | −9.07 | #9466 | | FY 2020-21 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2021-22 | < ₹1 Crore | 0.0000% | — | 0.13% | 2.18 | 0.0000% | — | 0.30% | −2.01 | #9282 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +11.76% | 0.13% | 3.78 | 0.0001% | +73.39% | 0.40% | −3.59 | #9322 | | FY 2023-24 | 3.16 | 0.0001% | +1,563.16% | 1.93% | 7.60 | 0.0001% | +101.06% | 0.67% | −4.44 | #7083 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −71.52% | 0.45% | 3.76 | 0.0001% | −50.53% | 0.26% | −2.86 | #8346 | - CAGR (7-year): exports 41.95%/yr, imports 56.09%/yr (consistently Deficit) ## Key trade insights: HSN Code 84594920 export-import analysis ### Consistent export growth: 41.95% CAGR over 7 years India's exports under HSN Code 84594920 have grown at a compound annual rate of 41.95% over 7 fiscal years, rising from ₹0.11 Crore in FY 2018-19 to ₹0.90 Crore in FY 2024-25. ### HSN Code 84594920 ranked #8346 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84594920 ranks #8346 out of 12657 HSN codes by total export value. Within Sub-Chapter 8459, it ranks #26 of 42. By trade surplus, it ranks #8346 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 84594920 exports The strongest single-year export movement for HSN Code 84594920 was recorded in FY 2023-24, when exports surged by 1,563.16% over the prior year. ### India records a trade deficit of ₹2.86 Crore in HSN Code 84594920 goods In FY 2024-25, India's imports of ₹3.76 Cr exceeded exports of ₹0.90 Cr, resulting in a trade deficit of ₹2.86 Crore — ranking #8346 of 12657 by surplus magnitude. ### Import growth of 56.09% CAGR signals rising demand for Fine boring machines, horizontal India's imports under HSN Code 84594920 have grown at 56.09% CAGR, reaching ₹3.76 Crore in FY 2024-25. ### HSN Code 84594920 contributes 0.45% of Sub-Chapter 8459 exports — ranked #26 Among the 42 HSN codes under Sub-Chapter 8459, HSN Code 84594920 ranks #26 by export value — accounting for 0.45% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.26% share (rank #30). ## 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 | | #26 | HSN Code 84594920: Fine boring machines, horizontal (this hsn code) | < ₹1 Crore |