--- title: "HSN Code for Numerically Controlled Shearing Machines | HSN 84622990 GST Rate" description: "Find HSN and GST Rates for 84622990 related to Numerically Controlled Shearing Machines with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84622990/" --- # HSN Code 84622990: Numerically Controlled Shearing Machines - [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 8462: Metal forging & die-stamping machines](https://busy.in/hsn/sub-chapter-8462/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Machine-tools (including presses) for working metal by forging, hammering or die-stamping; machine-tools (including presses) for working metal by bending, folding, straightening, flattening, shearing, punching or notching; presses for working metal or metal carbides, not specified above - bending, folding, straightening or flattening machines (including presses): other: other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84622990 ? It includes Letter Quality Daisy Wheel Printers ### How much GST applies to Numerically Controlled Shearing Machines? Under HSN 84622990, Numerically Controlled Shearing Machines attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Numerically Controlled Shearing Machines? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Numerically Controlled Shearing Machines is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Numerically Controlled Shearing Machines; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Numerically Controlled Shearing Machines? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Numerically Controlled Shearing 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. ## India's trade performance: HSN Code 84622990 (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: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: −< ₹1 Crore (Deficit); surplus rank #7128 of 12657 HSN codes - Share of Sub-Chapter 8462: 0.00% of its exports; import side 0.00% ### Key metrics - Peak growth year: +131.19% in FY 2021-22 - Contribution to Sub-Ch. 8462: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84622990 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. 8462 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8462 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 12.84 | 0.0006% | — | 4.22% | 375.29 | 0.0105% | — | 8.53% | −362.45 | #4696 | | FY 2019-20 | 14.93 | 0.0007% | +16.28% | 5.10% | 342.85 | 0.0102% | −8.64% | 8.80% | −327.92 | #4508 | | FY 2020-21 | 15.55 | 0.0007% | +4.15% | 8.23% | 223.88 | 0.0077% | −34.70% | 10.84% | −208.33 | #4531 | | FY 2021-22 | 35.95 | 0.0011% | +131.19% | 12.63% | 369.54 | 0.0081% | +65.06% | 11.61% | −333.59 | #3816 | | FY 2022-23 | 7.64 | 0.0002% | −78.75% | 1.68% | 13.92 | 0.0002% | −96.23% | 0.40% | −6.28 | #5975 | | FY 2023-24 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | 0.00 | — | | FY 2024-25 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.00% | −0.01 | — | - CAGR (7-year): exports —/yr, imports -82.72%/yr (consistently Deficit) ## Key trade insights: HSN Code 84622990 export-import analysis ### Export snapshot for HSN Code 84622990 India exported ₹0.00 Crore worth of Numerically Controlled Shearing Machines in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2021-22 was the strongest growth year for HSN Code 84622990 exports The strongest single-year export movement for HSN Code 84622990 was recorded in FY 2021-22, when exports surged by 131.19% over the prior year. ### India records a trade deficit of ₹0.01 Crore in HSN Code 84622990 goods In FY 2024-25, India's imports of ₹0.01 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.01 Crore — ranking #7128 of 12657 by surplus magnitude. ### Import growth of -82.72% CAGR signals stable import dependency for Numerically Controlled Shearing Machines India's imports under HSN Code 84622990 have grown at -82.72% CAGR, reaching ₹0.01 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 8462 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84629000: Machine Tools for Working Metal](https://busy.in/hsn/hsn-84629000/) | ₹181 Cr | | #2 | [HSN Code 84622900: Other Bending Machines](https://busy.in/hsn/hsn-84622900/) | ₹77 Cr | | #3 | [HSN Code 84626100: Cold metal working presses: Hydraulic](https://busy.in/hsn/hsn-84626100/) | ₹34 Cr | | #4 | [HSN Code 84626200: Cold metal working presses: Mechanical](https://busy.in/hsn/hsn-84626200/) | ₹28 Cr | | #5 | [HSN Code 84623900: Numerically Controlled Shearing Machines](https://busy.in/hsn/hsn-84623900/) | ₹24 Cr | | #6 | [HSN Code 84624900: Other Punching/Notching/Nibbling Machines](https://busy.in/hsn/hsn-84624900/) | ₹21 Cr | | #7 | [HSN Code 84621900: Other Hot Forming Forging/Die Forging Machines & Hammers](https://busy.in/hsn/hsn-84621900/) | ₹20 Cr | | #8 | [HSN Code 84625900: Other Tube/Pipe/Hollow Section/Bar Working Machines (Non-Presses)](https://busy.in/hsn/hsn-84625900/) | ₹13 Cr | | #9 | [HSN Code 84626900: Cold metal working presses: Other](https://busy.in/hsn/hsn-84626900/) | ₹10 Cr | | #10 | [HSN Code 84622600: Other Bending Machines (Numerically Controlled)](https://busy.in/hsn/hsn-84622600/) | ₹10 Cr | | — | HSN Code 84622990: Numerically Controlled Shearing Machines (this hsn code) | Nil |