HSN Code 84594920: Fine boring machines, horizontal

HSN Code 84594920 represents Fine boring machines, horizontal under GST classification. This code helps businesses identify Fine boring machines, horizontal correctly for billing, taxation, and trade. With HSN Code 84594920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Fine boring machines, horizontal.

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Description of Goods for HSN Code 84594920

HSN Code 84594920 relates to the following description.

Description of Goods

Other boring machines : Other: Fine boring machines, horizontal

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 84594920 not include?

Fine boring machines, horizontal 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 84594920 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

< ₹1 Crore

−71.52% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹4 Cr

−50.53% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹3 Cr

Trade Deficit

Surplus rank #8346 of 12657 HSN codes

% of Sub-Chapter 8459

FY 2024-25

0.45%

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

Import side: 0.26% of Sub-Chapter 8459’s imports

Rank Within Sub-Chapter 8459

FY 2024-25

#26 of 42

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

Import-side rank: #30 of 42

At a glance

41.95%

Export CAGR

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

#8346

National Export Rank

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

+1,563.16%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.45%

Contribution to Sub-Ch. 8459

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9141

Balance

−0.15

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.11% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.02% of Sub-Ch. 8459

FY 2019-20 Exp. Rank #9466

Balance

−9.07

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−54.55% YoY

0.05% of Sub-Ch. 8459

Imports

9.12 ₹ Cr

0.0003% share

+3,407.69% YoY

0.75% of Sub-Ch. 8459

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8459

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8459

FY 2021-22 Exp. Rank #9282

Balance

−2.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.13% of Sub-Ch. 8459

Imports

2.18 ₹ Cr

0.0000% share

— YoY

0.30% of Sub-Ch. 8459

FY 2022-23 Exp. Rank #9322

Balance

−3.59

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+11.76% YoY

0.13% of Sub-Ch. 8459

Imports

3.78 ₹ Cr

0.0001% share

+73.39% YoY

0.40% of Sub-Ch. 8459

FY 2023-24 Exp. Rank #7083

Balance

−4.44

Exports

3.16 ₹ Cr

0.0001% share

+1,563.16% YoY

1.93% of Sub-Ch. 8459

Imports

7.60 ₹ Cr

0.0001% share

+101.06% YoY

0.67% of Sub-Ch. 8459

FY 2024-25 Exp. Rank #8346

Balance

−2.86

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−71.52% YoY

0.45% of Sub-Ch. 8459

Imports

3.76 ₹ Cr

0.0001% share

−50.53% YoY

0.26% of Sub-Ch. 8459

CAGR · 7-Year

Exports

41.95% /yr

Imports

56.09% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84594920 and GST compliance.

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).

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.