--- title: "HSN Code for Static Converters | HSN 85044090 GST Rate" description: "Find HSN and GST Rates for 85044090 related to Static Converters with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-85044090/" --- # HSN Code 85044090: Static Converters - [Section 16: Guide to HSN Section 16](https://busy.in/hsn/section-16/) - [Chapter 85: Electrical Machinery Equipment](https://busy.in/hsn/chapter-85/) - [Sub-chapter 8504: Clad metals](https://busy.in/hsn/sub-chapter-8504/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Static converters: Other (Charger or charging station for Electrically operated vehicles) | 2.5% | 2.5% | 5% | 0% | | Static converters: Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 85044090 ? It includes Other Permanent Magnets ### Do e‑way bill and e‑invoice apply for Static Converters? 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 Static Converters? Under HSN 85044090, Static Converters attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Static Converters? 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. ### Can we claim ITC on inputs used to trade Static Converters? 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 Static Converters? 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 Static Converters is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Static Converters; Nil for exempt items if applicable). ## India's trade performance: HSN Code 85044090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹7,713 Cr (+27.05% YoY) — 0.2096% of India's total exports - Imports: ₹10,856 Cr (+5.88% YoY) — 0.1787% of India's total imports - Trade balance: −₹3,143 Cr (Deficit); surplus rank #12497 of 12657 HSN codes - Share of Sub-Chapter 8504: 28.96% of its exports; import side 35.11% - Rank within Sub-Chapter 8504: #1 of 23 by export value; import-side #1 ### Key metrics - Export CAGR: 20.07% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #58 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +54.34% in FY 2022-23 - Contribution to Sub-Ch. 8504: 28.96% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 85044090 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. 8504 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8504 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 2,573.48 | 0.1126% | — | 24.52% | 5,353.75 | 0.1494% | — | 35.40% | −2,780.27 | #120 | | FY 2019-20 | 3,408.68 | 0.1549% | +32.45% | 24.76% | 4,980.80 | 0.1488% | −6.97% | 32.39% | −1,572.12 | #88 | | FY 2020-21 | 3,044.43 | 0.1415% | −10.69% | 23.35% | 5,574.07 | 0.1913% | +11.91% | 35.75% | −2,529.64 | #107 | | FY 2021-22 | 4,159.69 | 0.1325% | +36.63% | 24.85% | 6,708.81 | 0.1468% | +20.36% | 34.67% | −2,549.12 | #108 | | FY 2022-23 | 6,419.90 | 0.1773% | +54.34% | 29.04% | 8,154.72 | 0.1418% | +21.55% | 35.89% | −1,734.82 | #70 | | FY 2023-24 | 6,070.64 | 0.1678% | −5.44% | 25.32% | 10,252.99 | 0.1826% | +25.73% | 38.60% | −4,182.35 | #76 | | FY 2024-25 | 7,712.78 | 0.2096% | +27.05% | 28.96% | 10,855.96 | 0.1787% | +5.88% | 35.11% | −3,143.18 | #58 | - CAGR (7-year): exports 20.07%/yr, imports 12.50%/yr (consistently Deficit) ## Key trade insights: HSN Code 85044090 export-import analysis ### Consistent export growth: 20.07% CAGR over 7 years India's exports under HSN Code 85044090 have grown at a compound annual rate of 20.07% over 7 fiscal years, rising from ₹2,573.48 Crore in FY 2018-19 to ₹7,712.78 Crore in FY 2024-25. ### HSN Code 85044090 ranked #58 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 85044090 ranks #58 out of 12657 HSN codes by total export value. Within Sub-Chapter 8504, it ranks #1 of 23. By trade surplus, it ranks #12497 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 85044090 exports The strongest single-year export movement for HSN Code 85044090 was recorded in FY 2022-23, when exports surged by 54.34% over the prior year. ### India records a trade deficit of ₹3,143.18 Crore in HSN Code 85044090 goods In FY 2024-25, India's imports of ₹10,855.96 Cr exceeded exports of ₹7,712.78 Cr, resulting in a trade deficit of ₹3,143.18 Crore — ranking #12497 of 12657 by surplus magnitude. ### Import growth of 12.50% CAGR signals rising demand for Static Converters India's imports under HSN Code 85044090 have grown at 12.50% CAGR, reaching ₹10,855.96 Crore in FY 2024-25. ### HSN Code 85044090 contributes 28.96% of Sub-Chapter 8504 exports — ranked #1 Among the 23 HSN codes under Sub-Chapter 8504, HSN Code 85044090 ranks #1 by export value — accounting for 28.96% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 35.11% share (rank #1). ## Related HSN Codes in Sub-Chapter 8504 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 85044090: Static Converters (this hsn code) | ₹7,713 Cr | | #2 | [HSN Code 85044010: Static Converters\| Electric Inverter](https://busy.in/hsn/hsn-85044010/) | ₹4,007 Cr | | #3 | [HSN Code 85049010: Parts \| Of Transformers](https://busy.in/hsn/hsn-85049010/) | ₹2,851 Cr | | #4 | [HSN Code 85044030: Static Converters\| Battery Chargers](https://busy.in/hsn/hsn-85044030/) | ₹1,916 Cr | | #5 | [HSN Code 85042100: Liquid Dielectric Transformers (≤650 kVA)](https://busy.in/hsn/hsn-85042100/) | ₹1,906 Cr | | #6 | [HSN Code 85049090: Electrical Equipment & Transformers, Converters, Inductors](https://busy.in/hsn/hsn-85049090/) | ₹1,624 Cr | | #7 | [HSN Code 85042200: Transformer (650-10000kVA)](https://busy.in/hsn/hsn-85042200/) | ₹1,329 Cr | | #8 | [HSN Code 85043100: Transformers ≤1 kVA Power Handling Capacity](https://busy.in/hsn/hsn-85043100/) | ₹1,112 Cr | | #9 | [HSN Code 85044029: Static converters: Rectifier : Other](https://busy.in/hsn/hsn-85044029/) | ₹988 Cr | | #10 | [HSN Code 85043300: Other Transformers (>16-500 kVA)](https://busy.in/hsn/hsn-85043300/) | ₹591 Cr |