HSN Code 84631010: Wire & Metal Ribbon Drawing Machines

HSN Code 84631010 represents Wire & Metal Ribbon Drawing Machines under GST classification. This code helps businesses identify Wire & Metal Ribbon Drawing Machines correctly for billing, taxation, and trade. With HSN Code 84631010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Wire & Metal Ribbon Drawing Machines.

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Description of Goods for HSN Code 84631010

HSN Code 84631010 relates to the following description.

Description of Goods

Draw-benches for bars, tubes, profiles, wire or the like : Wire and metal ribbon drawing machines

Chapter

84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

Sub Chapter

8463 - Other machine-tools for working metal, or cermets, without removing material

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84631010 not include?

Wire & Metal Ribbon Drawing Machines does not include products with the following descriptions.

HSN Code 84631020

Draw-benches for bars, tubes, profiles, wire or the like : Other wire making machines

HSN Code 84631030

Draw-benches for bars, tubes, profiles, wire or the like : Tube drawing machine

India’s Trade Performance — HSN Code 84631010 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

₹30 Cr

−22.47% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹121 Cr

+265.11% vs FY 2023-24

0.0020% of India’s total imports

Trade Balance

FY 2024-25

−₹90 Cr

Trade Deficit

Surplus rank #10724 of 12657 HSN codes

% of Sub-Chapter 8463

FY 2024-25

21.22%

Share of Sub-Chapter 8463’s total exports in FY 2024-25

Import side: 9.20% of Sub-Chapter 8463’s imports

Rank Within Sub-Chapter 8463

FY 2024-25

#2 of 13

Position by export value among HSN codes in Sub-Chapter 8463

Import-side rank: #3 of 13

At a glance

3.90%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#4307

National Export Rank

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

+83.50%

Peak Growth Year

FY 2021-22 · strongest single-year move

21.22%

Contribution to Sub-Ch. 8463

Share of Sub-Chapter 8463 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3858

Balance

−56.91

Exports

24.22 ₹ Cr

0.0011% share

— YoY

32.25% of Sub-Ch. 8463

Imports

81.13 ₹ Cr

0.0023% share

— YoY

12.76% of Sub-Ch. 8463

FY 2019-20 Exp. Rank #3551

Balance

−24.89

Exports

31.15 ₹ Cr

0.0014% share

+28.61% YoY

39.45% of Sub-Ch. 8463

Imports

56.04 ₹ Cr

0.0017% share

−30.93% YoY

9.49% of Sub-Ch. 8463

FY 2020-21 Exp. Rank #3768

Balance

−8.18

Exports

27.63 ₹ Cr

0.0013% share

−11.30% YoY

33.60% of Sub-Ch. 8463

Imports

35.81 ₹ Cr

0.0012% share

−36.10% YoY

9.41% of Sub-Ch. 8463

FY 2021-22 Exp. Rank #3344

Balance

+31.15

Exports

50.70 ₹ Cr

0.0016% share

+83.50% YoY

40.82% of Sub-Ch. 8463

Imports

19.55 ₹ Cr

0.0004% share

−45.41% YoY

3.57% of Sub-Ch. 8463

FY 2022-23 Exp. Rank #3115

Balance

−9.85

Exports

65.69 ₹ Cr

0.0018% share

+29.57% YoY

39.25% of Sub-Ch. 8463

Imports

75.54 ₹ Cr

0.0013% share

+286.39% YoY

9.98% of Sub-Ch. 8463

FY 2023-24 Exp. Rank #3858

Balance

+6.17

Exports

39.30 ₹ Cr

0.0011% share

−40.17% YoY

23.10% of Sub-Ch. 8463

Imports

33.13 ₹ Cr

0.0006% share

−56.14% YoY

3.84% of Sub-Ch. 8463

FY 2024-25 Exp. Rank #4307

Balance

−90.49

Exports

30.47 ₹ Cr

0.0008% share

−22.47% YoY

21.22% of Sub-Ch. 8463

Imports

120.96 ₹ Cr

0.0020% share

+265.11% YoY

9.20% of Sub-Ch. 8463

CAGR · 7-Year

Exports

3.90% /yr

Imports

6.88% /yr

Consistently Deficit
Sub-Chapter 8463 total

reference, FY 2024-25

Export

₹143.62 Cr

Import

₹1,314.96 Cr

Trade Balance

−1,171.34

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84631010 and GST compliance.

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.

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.