HSN Code 84596920: Bed type vertical milling machines

HSN Code 84596920 represents Bed type vertical milling machines under GST classification. This code helps businesses identify Bed type vertical milling machines correctly for billing, taxation, and trade. With HSN Code 84596920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Bed type vertical milling machines.

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Description of Goods for HSN Code 84596920

HSN Code 84596920 relates to the following description.

Description of Goods

Other milling machines : Other : Bed type, vertical

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 84596920 not include?

Bed type vertical milling machines 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 84596920 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

−61.69% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

+821.92% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹6 Cr

Trade Deficit

Surplus rank #8716 of 12657 HSN codes

% of Sub-Chapter 8459

FY 2024-25

0.38%

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

Import side: 0.46% of Sub-Chapter 8459’s imports

Rank Within Sub-Chapter 8459

FY 2024-25

#27 of 42

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

Import-side rank: #27 of 42

At a glance

#8465

National Export Rank

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

+20,000.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.38%

Contribution to Sub-Ch. 8459

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

India Export-Import Trade Statistics for HSN Code 84596920

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

Balance

−0.85

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.07% of Sub-Ch. 8459

FY 2019-20

Balance

−1.99

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8459

Imports

1.99 ₹ Cr

0.0001% share

+134.12% YoY

0.16% of Sub-Ch. 8459

FY 2020-21

Balance

−0.14

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−92.96% YoY

0.02% of Sub-Ch. 8459

FY 2021-22

Balance

−8.49

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8459

Imports

8.49 ₹ Cr

0.0002% share

+5,964.29% YoY

1.16% of Sub-Ch. 8459

FY 2022-23 Exp. Rank #10292

Balance

−1.49

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 8459

Imports

1.50 ₹ Cr

0.0000% share

−82.33% YoY

0.16% of Sub-Ch. 8459

FY 2023-24 Exp. Rank #7569

Balance

+1.28

Exports

2.01 ₹ Cr

0.0001% share

+20,000.00% YoY

1.23% of Sub-Ch. 8459

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−51.33% YoY

0.06% of Sub-Ch. 8459

FY 2024-25 Exp. Rank #8465

Balance

−5.96

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−61.69% YoY

0.38% of Sub-Ch. 8459

Imports

6.73 ₹ Cr

0.0001% share

+821.92% YoY

0.46% of Sub-Ch. 8459

CAGR · 7-Year

Exports

—

Imports

41.18% /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 84596920 Export-Import Analysis

Export Snapshot for HSN Code 84596920

India exported ₹0.77 Crore worth of Bed type vertical milling machines in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 84596920 Ranked #8465 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84596920 ranks #8465 out of 12657 HSN codes by total export value. Within Sub-Chapter 8459, it ranks #27 of 42. By trade surplus, it ranks #8716 of 12657.

FY 2023-24 Was the Strongest Growth Year for HSN Code 84596920 Exports

The strongest single-year export movement for HSN Code 84596920 was recorded in FY 2023-24, when exports surged by 20,000.00% over the prior year.

India Records a Trade Deficit of ₹5.96 Crore in HSN Code 84596920 Goods

In FY 2024-25, India's imports of ₹6.73 Cr exceeded exports of ₹0.77 Cr, resulting in a trade deficit of ₹5.96 Crore — ranking #8716 of 12657 by surplus magnitude.

Import Growth of 41.18% CAGR Signals Rising Demand for Bed type vertical milling machines

India's imports under HSN Code 84596920 have grown at 41.18% CAGR, reaching ₹6.73 Crore in FY 2024-25.

HSN Code 84596920 Contributes 0.38% of Sub-Chapter 8459 Exports — Ranked #27

Among the 42 HSN codes under Sub-Chapter 8459, HSN Code 84596920 ranks #27 by export value — accounting for 0.38% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.46% share (rank #27).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84596920 and GST compliance.

What products are classified under HSN 84596920 ?

It includes Tapping machines

Any common misclassification issue with Bed type vertical milling machines?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Bed type vertical milling machines?

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

Does packaging or labelling change the GST for Bed type vertical milling machines?

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.

Do e‑way bill and e‑invoice apply for Bed type vertical milling machines?

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 much GST applies to Bed type vertical milling machines?

Under HSN 84596920, Bed type vertical milling machines attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.