--- title: "HSN Code for Gear Shaver | HSN 84614023 GST Rate" description: "Find HSN and GST Rates for 84614023 related to Gear Shaver with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84614023/" --- # HSN Code 84614023: Gear Shaver - [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 8461: Metal Cutting & Shaping Machine](https://busy.in/hsn/sub-chapter-8461/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Gear cutting, gear grinding or gear finishing machines : Gear grinding or gear finishing machines : Gear shaver | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84614023 ? It includes Sawing or cutting-off machines: Sawing machines: Band saw, horizontal ### How should mixed supplies be billed when Gear Shaver is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Gear Shaver; Nil for exempt items if applicable). ### Any common misclassification issue with Gear Shaver? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Gear Shaver? 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 much GST applies to Gear Shaver? Under HSN 84614023, Gear Shaver attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Gear Shaver? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 84614023 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil — 0.0000% of India's total exports - Imports: ₹3 Cr (−90.51% YoY) — 0.0000% of India's total imports - Trade balance: −₹3 Cr (Deficit); surplus rank #8354 of 12657 HSN codes - Share of Sub-Chapter 8461: 0.00% of its exports; import side 0.20% ### Key metrics - Peak growth year: −100.00% in FY 2022-23 - Contribution to Sub-Ch. 8461: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84614023 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. 8461 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8461 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | 54.80 | 0.0015% | — | 4.67% | −54.80 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | 61.14 | 0.0018% | +11.57% | 5.45% | −61.14 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | 31.85 | 0.0011% | −47.91% | 5.65% | −31.85 | — | | FY 2021-22 | 1.25 | 0.0000% | — | 0.97% | 6.46 | 0.0001% | −79.72% | 0.85% | −5.21 | #7790 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | 58.43 | 0.0010% | +804.49% | 5.80% | −58.43 | — | | FY 2023-24 | Nil | 0.0000% | — | 0.00% | 30.56 | 0.0005% | −47.70% | 2.58% | −30.56 | — | | FY 2024-25 | Nil | 0.0000% | — | 0.00% | 2.90 | 0.0000% | −90.51% | 0.20% | −2.90 | — | - CAGR (7-year): exports —/yr, imports -38.73%/yr (consistently Deficit) ## Key trade insights: HSN Code 84614023 export-import analysis ### Export snapshot for HSN Code 84614023 India exported ₹0.00 Crore worth of Gear Shaver in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2022-23 was the strongest growth year for HSN Code 84614023 exports The strongest single-year export movement for HSN Code 84614023 was recorded in FY 2022-23, when exports declined by 100.00% over the prior year. ### India records a trade deficit of ₹2.90 Crore in HSN Code 84614023 goods In FY 2024-25, India's imports of ₹2.90 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹2.90 Crore — ranking #8354 of 12657 by surplus magnitude. ### Import growth of -38.73% CAGR signals stable import dependency for Gear Shaver India's imports under HSN Code 84614023 have grown at -38.73% CAGR, reaching ₹2.90 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 8461 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84619000: Parts for Machine Tools](https://busy.in/hsn/hsn-84619000/) | ₹76 Cr | | #2 | [HSN Code 84615029: Cutting-off machines: Other](https://busy.in/hsn/hsn-84615029/) | ₹22 Cr | | #3 | [HSN Code 84615011: Sawing or cutting-off machines: Sawing machines: Band saw, horizontal](https://busy.in/hsn/hsn-84615011/) | ₹20 Cr | | #4 | [HSN Code 84615019: Other sawing machines](https://busy.in/hsn/hsn-84615019/) | ₹12 Cr | | #5 | [HSN Code 84614026: Spur and helical gear hobber](https://busy.in/hsn/hsn-84614026/) | ₹10 Cr | | #6 | [HSN Code 84614029: Other gear finishing machines](https://busy.in/hsn/hsn-84614029/) | ₹9 Cr | | #7 | [HSN Code 84615013: Sawing or cutting-off machines: Sawing machines: Circular saw, cold](https://busy.in/hsn/hsn-84615013/) | ₹6 Cr | | #8 | [HSN Code 84612019: Other shaping or slotting machines](https://busy.in/hsn/hsn-84612019/) | ₹5 Cr | | #9 | [HSN Code 84612020: Shaping or slotting machines : Slotting machines](https://busy.in/hsn/hsn-84612020/) | ₹4 Cr | | #10 | [HSN Code 84612011: Die & Punch Shaping Machines1](https://busy.in/hsn/hsn-84612011/) | ₹4 Cr | | — | HSN Code 84614023: Gear Shaver (this hsn code) | Nil |