--- title: "HSN Code for Other Shearing Machines (Flat Products) | HSN 84623200 GST Rate" description: "Find HSN and GST Rates for 84623200 related to Other Shearing Machines (Flat Products) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84623200/" --- # HSN Code 84623200: Other Shearing Machines (Flat Products) - [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 | | --- | --- | --- | --- | --- | | Slitting lines, cut-to-length lines and other shearing machines (excluding presses) for flat products, other than combined punching and shearing machines: Slitting lines and cut-to-length lines | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84623200 ? It includes NC Machines for Tubes, Pipes, Hollow Sections, Bars ### Any common misclassification issue with Other Shearing Machines (Flat Products)? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Other Shearing Machines (Flat Products)? 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 Other Shearing Machines (Flat Products)? Under HSN 84623200, Other Shearing Machines (Flat Products) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Other Shearing Machines (Flat Products)? 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 should mixed supplies be billed when Other Shearing Machines (Flat Products) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Shearing Machines (Flat Products); Nil for exempt items if applicable). ## India's trade performance: HSN Code 84623200 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹9 Cr (+26.70% YoY) — 0.0003% of India's total exports - Imports: ₹621 Cr (+249.80% YoY) — 0.0102% of India's total imports - Trade balance: −₹612 Cr (Deficit); surplus rank #12008 of 12657 HSN codes - Share of Sub-Chapter 8462: 2.11% of its exports; import side 8.24% - Rank within Sub-Chapter 8462: #11 of 56 by export value; import-side #4 ### Key metrics - National export rank: #5831 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +26.70% in FY 2024-25 - Contribution to Sub-Ch. 8462: 2.11% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84623200 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 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | 10.75 | 0.0003% | — | 2.37% | 137.31 | 0.0024% | — | 3.94% | −126.56 | #5539 | | FY 2023-24 | 7.49 | 0.0002% | −30.33% | 2.06% | 177.63 | 0.0032% | +29.36% | 3.86% | −170.14 | #6075 | | FY 2024-25 | 9.49 | 0.0003% | +26.70% | 2.11% | 621.35 | 0.0102% | +249.80% | 8.24% | −611.86 | #5831 | ## Key trade insights: HSN Code 84623200 export-import analysis ### Export snapshot for HSN Code 84623200 India exported ₹9.49 Crore worth of Other Shearing Machines (Flat Products) in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 84623200 ranked #5831 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84623200 ranks #5831 out of 12657 HSN codes by total export value. Within Sub-Chapter 8462, it ranks #11 of 56. By trade surplus, it ranks #12008 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 84623200 exports The strongest single-year export movement for HSN Code 84623200 was recorded in FY 2024-25, when exports surged by 26.70% over the prior year. ### India records a trade deficit of ₹611.86 Crore in HSN Code 84623200 goods In FY 2024-25, India's imports of ₹621.35 Cr exceeded exports of ₹9.49 Cr, resulting in a trade deficit of ₹611.86 Crore — ranking #12008 of 12657 by surplus magnitude. ### HSN Code 84623200 contributes 2.11% of Sub-Chapter 8462 exports — ranked #11 Among the 56 HSN codes under Sub-Chapter 8462, HSN Code 84623200 ranks #11 by export value — accounting for 2.11% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 8.24% share (rank #4). ## 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 | | #11 | HSN Code 84623200: Other Shearing Machines (Flat Products) (this hsn code) | ₹9 Cr |