--- title: "HSN Code for Wire & Metal Ribbon Drawing Machines | HSN 84631010 GST Rate" description: "Find HSN and GST Rates for 84631010 related to Wire & Metal Ribbon Drawing Machines with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-84631010/" --- # HSN Code 84631010: Wire & Metal Ribbon Drawing 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 8463: Fork-lift trucks](https://busy.in/hsn/sub-chapter-8463/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Draw-benches for bars, tubes, profiles, wire or the like : Wire and metal ribbon drawing machines | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 84631010 ? It includes Wire grill or knitting machine ### Does packaging or labelling change the GST for Wire & Metal Ribbon Drawing 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. ### How should mixed supplies be billed when Wire & Metal Ribbon Drawing Machines is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Wire & Metal Ribbon Drawing Machines; Nil for exempt items if applicable). ### How much GST applies to Wire & Metal Ribbon Drawing Machines? Under HSN 84631010, Wire & Metal Ribbon Drawing Machines attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Wire & Metal Ribbon Drawing Machines? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Wire & Metal Ribbon Drawing Machines? 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 Wire & Metal Ribbon Drawing 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 84631010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹30 Cr (−22.47% YoY) — 0.0008% of India's total exports - Imports: ₹121 Cr (+265.11% YoY) — 0.0020% of India's total imports - Trade balance: −₹90 Cr (Deficit); surplus rank #10724 of 12657 HSN codes - Share of Sub-Chapter 8463: 21.22% of its exports; import side 9.20% - Rank within Sub-Chapter 8463: #2 of 13 by export value; import-side #3 ### Key metrics - Export CAGR: 3.90% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4307 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +83.50% in FY 2021-22 - Contribution to Sub-Ch. 8463: 21.22% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 84631010 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. 8463 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8463 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 24.22 | 0.0011% | — | 32.25% | 81.13 | 0.0023% | — | 12.76% | −56.91 | #3858 | | FY 2019-20 | 31.15 | 0.0014% | +28.61% | 39.45% | 56.04 | 0.0017% | −30.93% | 9.49% | −24.89 | #3551 | | FY 2020-21 | 27.63 | 0.0013% | −11.30% | 33.60% | 35.81 | 0.0012% | −36.10% | 9.41% | −8.18 | #3768 | | FY 2021-22 | 50.70 | 0.0016% | +83.50% | 40.82% | 19.55 | 0.0004% | −45.41% | 3.57% | +31.15 | #3344 | | FY 2022-23 | 65.69 | 0.0018% | +29.57% | 39.25% | 75.54 | 0.0013% | +286.39% | 9.98% | −9.85 | #3115 | | FY 2023-24 | 39.30 | 0.0011% | −40.17% | 23.10% | 33.13 | 0.0006% | −56.14% | 3.84% | +6.17 | #3858 | | FY 2024-25 | 30.47 | 0.0008% | −22.47% | 21.22% | 120.96 | 0.0020% | +265.11% | 9.20% | −90.49 | #4307 | - CAGR (7-year): exports 3.90%/yr, imports 6.88%/yr (consistently Deficit) ## Key trade insights: HSN Code 84631010 export-import analysis ### Consistent export growth: 3.90% CAGR over 7 years India's exports under HSN Code 84631010 have grown at a compound annual rate of 3.90% over 7 fiscal years, rising from ₹24.22 Crore in FY 2018-19 to ₹30.47 Crore in FY 2024-25. ### HSN Code 84631010 ranked #4307 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 84631010 ranks #4307 out of 12657 HSN codes by total export value. Within Sub-Chapter 8463, it ranks #2 of 13. By trade surplus, it ranks #10724 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 84631010 exports The strongest single-year export movement for HSN Code 84631010 was recorded in FY 2021-22, when exports surged by 83.50% over the prior year. ### India records a trade deficit of ₹90.49 Crore in HSN Code 84631010 goods In FY 2024-25, India's imports of ₹120.96 Cr exceeded exports of ₹30.47 Cr, resulting in a trade deficit of ₹90.49 Crore — ranking #10724 of 12657 by surplus magnitude. ### Import growth of 6.88% CAGR signals stable import dependency for Wire & Metal Ribbon Drawing Machines India's imports under HSN Code 84631010 have grown at 6.88% CAGR, reaching ₹120.96 Crore in FY 2024-25. ### HSN Code 84631010 contributes 21.22% of Sub-Chapter 8463 exports — ranked #2 Among the 13 HSN codes under Sub-Chapter 8463, HSN Code 84631010 ranks #2 by export value — accounting for 21.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 9.20% share (rank #3). ## Related HSN Codes in Sub-Chapter 8463 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 84631090: Draw-benches: Other](https://busy.in/hsn/hsn-84631090/) | ₹56 Cr | | #2 | HSN Code 84631010: Wire & Metal Ribbon Drawing Machines (this hsn code) | ₹30 Cr | | #3 | [HSN Code 84639090: Other : Other](https://busy.in/hsn/hsn-84639090/) | ₹25 Cr | | #4 | [HSN Code 84631020: Wire making machines](https://busy.in/hsn/hsn-84631020/) | ₹8 Cr | | #5 | [HSN Code 84633040: Machines for working wire : Nail-making machine](https://busy.in/hsn/hsn-84633040/) | ₹7 Cr | | #6 | [HSN Code 84633030: Machines for working wire : Chain making](https://busy.in/hsn/hsn-84633030/) | ₹6 Cr | | #7 | [HSN Code 84632000: Thread Rolling Machines](https://busy.in/hsn/hsn-84632000/) | ₹6 Cr | | #8 | [HSN Code 84631030: Draw-Benches for Bars, Tubes, Profiles & Wire: Tube Drawing](https://busy.in/hsn/hsn-84631030/) | ₹2 Cr | | #9 | [HSN Code 84639010: Riveting Machines: Not Hand-operated](https://busy.in/hsn/hsn-84639010/) | < ₹1 Crore | | #10 | [HSN Code 84639020: Other : Strip profiling](https://busy.in/hsn/hsn-84639020/) | < ₹1 Crore |