HSN Code 85051900: Other Permanent Magnets

HSN Code 85051900 represents Other Permanent Magnets under GST classification. This code helps businesses identify Other Permanent Magnets correctly for billing, taxation, and trade. With HSN Code 85051900, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Permanent Magnets.

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Description of Goods for HSN Code 85051900

HSN Code 85051900 relates to the following description.

Description of Goods

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Other

Chapter

85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles

Sub Chapter

8505 - Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electromagnetic lifting heads

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 85051900 not include?

Other Permanent Magnets does not include products with the following descriptions.

HSN Code 85051110

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Ferrite cores

HSN Code 85051190

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Other

HSN Code 85053000

Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - electro-magnetic lifting heads

India’s Trade Performance — HSN Code 85051900 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

₹33 Cr

+37.94% vs FY 2023-24

0.0009% of India’s total exports

India’s Imports

FY 2024-25

₹716 Cr

+23.29% vs FY 2023-24

0.0118% of India’s total imports

Trade Balance

FY 2024-25

−₹682 Cr

Trade Deficit

Surplus rank #12057 of 12657 HSN codes

% of Sub-Chapter 8505

FY 2024-25

7.20%

Share of Sub-Chapter 8505’s total exports in FY 2024-25

Import side: 21.28% of Sub-Chapter 8505’s imports

Rank Within Sub-Chapter 8505

FY 2024-25

#5 of 6

Position by export value among HSN codes in Sub-Chapter 8505

Import-side rank: #3 of 6

At a glance

11.72%

Export CAGR

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

#4183

National Export Rank

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

+59.95%

Peak Growth Year

FY 2022-23 · strongest single-year move

7.20%

Contribution to Sub-Ch. 8505

Share of Sub-Chapter 8505 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 85051900

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 #4297

Balance

−265.22

Exports

17.09 ₹ Cr

0.0007% share

— YoY

5.64% of Sub-Ch. 8505

Imports

282.31 ₹ Cr

0.0079% share

— YoY

22.77% of Sub-Ch. 8505

FY 2019-20 Exp. Rank #4348

Balance

−235.01

Exports

16.82 ₹ Cr

0.0008% share

−1.58% YoY

6.32% of Sub-Ch. 8505

Imports

251.83 ₹ Cr

0.0075% share

−10.80% YoY

22.29% of Sub-Ch. 8505

FY 2020-21 Exp. Rank #4315

Balance

−288.91

Exports

18.28 ₹ Cr

0.0008% share

+8.68% YoY

6.82% of Sub-Ch. 8505

Imports

307.19 ₹ Cr

0.0105% share

+21.98% YoY

23.51% of Sub-Ch. 8505

FY 2021-22 Exp. Rank #4485

Balance

−413.62

Exports

21.87 ₹ Cr

0.0007% share

+19.64% YoY

5.18% of Sub-Ch. 8505

Imports

435.49 ₹ Cr

0.0095% share

+41.77% YoY

22.48% of Sub-Ch. 8505

FY 2022-23 Exp. Rank #3949

Balance

−525.54

Exports

34.98 ₹ Cr

0.0010% share

+59.95% YoY

7.84% of Sub-Ch. 8505

Imports

560.52 ₹ Cr

0.0097% share

+28.71% YoY

19.85% of Sub-Ch. 8505

FY 2023-24 Exp. Rank #4507

Balance

−556.32

Exports

24.09 ₹ Cr

0.0007% share

−31.13% YoY

5.70% of Sub-Ch. 8505

Imports

580.41 ₹ Cr

0.0103% share

+3.55% YoY

19.10% of Sub-Ch. 8505

FY 2024-25 Exp. Rank #4183

Balance

−682.36

Exports

33.23 ₹ Cr

0.0009% share

+37.94% YoY

7.20% of Sub-Ch. 8505

Imports

715.59 ₹ Cr

0.0118% share

+23.29% YoY

21.28% of Sub-Ch. 8505

CAGR · 7-Year

Exports

11.72% /yr

Imports

16.77% /yr

Consistently Deficit
Sub-Chapter 8505 total

reference, FY 2024-25

Export

₹461.63 Cr

Import

₹3,362.42 Cr

Trade Balance

−2,900.79

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

Key Trade Insights: HSN Code 85051900 Export-Import Analysis

Consistent Export Growth: 11.72% CAGR Over 7 Years

India's exports under HSN Code 85051900 have grown at a compound annual rate of 11.72% over 7 fiscal years, rising from ₹17.09 Crore in FY 2018-19 to ₹33.23 Crore in FY 2024-25.

HSN Code 85051900 Ranked #4183 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 85051900 ranks #4183 out of 12657 HSN codes by total export value. Within Sub-Chapter 8505, it ranks #5 of 6. By trade surplus, it ranks #12057 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 85051900 Exports

The strongest single-year export movement for HSN Code 85051900 was recorded in FY 2022-23, when exports surged by 59.95% over the prior year.

India Records a Trade Deficit of ₹682.36 Crore in HSN Code 85051900 Goods

In FY 2024-25, India's imports of ₹715.59 Cr exceeded exports of ₹33.23 Cr, resulting in a trade deficit of ₹682.36 Crore — ranking #12057 of 12657 by surplus magnitude.

Import Growth of 16.77% CAGR Signals Rising Demand for Other Permanent Magnets

India's imports under HSN Code 85051900 have grown at 16.77% CAGR, reaching ₹715.59 Crore in FY 2024-25.

HSN Code 85051900 Contributes 7.20% of Sub-Chapter 8505 Exports — Ranked #5

Among the 6 HSN codes under Sub-Chapter 8505, HSN Code 85051900 ranks #5 by export value — accounting for 7.20% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 21.28% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 85051900 and GST compliance.

What products are classified under HSN 85051900 ?

It includes Air-zinc

How much GST applies to Other Permanent Magnets?

Under HSN 85051900, Other Permanent Magnets attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Other Permanent Magnets is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Permanent Magnets; Nil for exempt items if applicable).

Any common misclassification issue with Other Permanent Magnets?

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 Permanent Magnets?

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.

Can we claim ITC on inputs used to trade Other Permanent Magnets?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

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.