--- title: "HSN Code for Electronic integrated circuits: Processors and controllers | HSN 85423100 GST Rate" description: "Find HSN and GST Rates for 85423100 related to Electronic integrated circuits: Processors and controllers with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-85423100/" --- # HSN Code 85423100: Electronic integrated circuits: Processors and controllers - [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 8542: Electronic integrated circuits](https://busy.in/hsn/sub-chapter-8542/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Electronic integrated circuits: Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 85423100 ? It includes Particle accelerators ### Can we claim ITC on inputs used to trade Electronic integrated circuits: Processors and controllers? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Electronic integrated circuits: Processors and controllers? 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. ### Do e‑way bill and e‑invoice apply for Electronic integrated circuits: Processors and controllers? 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 Electronic integrated circuits: Processors and controllers? Under HSN 85423100, Electronic integrated circuits: Processors and controllers attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Electronic integrated circuits: Processors and controllers is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Electronic integrated circuits: Processors and controllers; Nil for exempt items if applicable). ## India's trade performance: HSN Code 85423100 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1,448 Cr (+41.25% YoY) — 0.0394% of India's total exports - Imports: ₹1,28,117 Cr (+21.81% YoY) — 2.1087% of India's total imports - Trade balance: −₹1,26,669 Cr (Deficit); surplus rank #12655 of 12657 HSN codes - Share of Sub-Chapter 8542: 67.39% of its exports; import side 61.41% - Rank within Sub-Chapter 8542: #1 of 13 by export value; import-side #1 ### Key metrics - Export CAGR: 24.02% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #379 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +78.58% in FY 2019-20 - Contribution to Sub-Ch. 8542: 67.39% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 85423100 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. 8542 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8542 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 398.01 | 0.0174% | — | 22.41% | 33,171.38 | 0.9254% | — | 53.96% | −32,773.37 | #792 | | FY 2019-20 | 710.78 | 0.0323% | +78.58% | 40.57% | 36,467.21 | 1.0893% | +9.94% | 50.95% | −35,756.43 | #474 | | FY 2020-21 | 891.71 | 0.0415% | +25.46% | 43.19% | 37,353.98 | 1.2819% | +2.43% | 55.34% | −36,462.27 | #399 | | FY 2021-22 | 1,359.72 | 0.0433% | +52.48% | 41.80% | 60,119.19 | 1.3153% | +60.94% | 59.09% | −58,759.47 | #354 | | FY 2022-23 | 1,693.56 | 0.0468% | +24.55% | 52.56% | 82,281.61 | 1.4312% | +36.86% | 63.44% | −80,588.05 | #305 | | FY 2023-24 | 1,025.39 | 0.0283% | −39.45% | 53.89% | 1,05,177.72 | 1.8729% | +27.83% | 61.33% | −1,04,152.33 | #503 | | FY 2024-25 | 1,448.36 | 0.0394% | +41.25% | 67.39% | 1,28,117.09 | 2.1087% | +21.81% | 61.41% | −1,26,668.73 | #379 | - CAGR (7-year): exports 24.02%/yr, imports 25.26%/yr (consistently Deficit) ## Key trade insights: HSN Code 85423100 export-import analysis ### Consistent export growth: 24.02% CAGR over 7 years India's exports under HSN Code 85423100 have grown at a compound annual rate of 24.02% over 7 fiscal years, rising from ₹398.01 Crore in FY 2018-19 to ₹1,448.36 Crore in FY 2024-25. ### HSN Code 85423100 ranked #379 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 85423100 ranks #379 out of 12657 HSN codes by total export value. Within Sub-Chapter 8542, it ranks #1 of 13. By trade surplus, it ranks #12655 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 85423100 exports The strongest single-year export movement for HSN Code 85423100 was recorded in FY 2019-20, when exports surged by 78.58% over the prior year. ### India records a trade deficit of ₹1,26,668.73 Crore in HSN Code 85423100 goods In FY 2024-25, India's imports of ₹1,28,117.09 Cr exceeded exports of ₹1,448.36 Cr, resulting in a trade deficit of ₹1,26,668.73 Crore — ranking #12655 of 12657 by surplus magnitude. ### Import growth of 25.26% CAGR signals rising demand for Electronic integrated circuits: Processors and controllers India's imports under HSN Code 85423100 have grown at 25.26% CAGR, reaching ₹1,28,117.09 Crore in FY 2024-25. ### HSN Code 85423100 contributes 67.39% of Sub-Chapter 8542 exports — ranked #1 Among the 13 HSN codes under Sub-Chapter 8542, HSN Code 85423100 ranks #1 by export value — accounting for 67.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 61.41% share (rank #1). ## Related HSN Codes in Sub-Chapter 8542 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 85423100: Electronic integrated circuits: Processors and controllers (this hsn code) | ₹1,448 Cr | | #2 | [HSN Code 85423200: Electronic integrated circuits: Memories](https://busy.in/hsn/hsn-85423200/) | ₹294 Cr | | #3 | [HSN Code 85423900: Electrical Insulators](https://busy.in/hsn/hsn-85423900/) | ₹274 Cr | | #4 | [HSN Code 85423300: Integrated Circuits\| Amplifiers](https://busy.in/hsn/hsn-85423300/) | ₹77 Cr | | #5 | [HSN Code 85429000: Other Electrical Insulating Articles](https://busy.in/hsn/hsn-85429000/) | ₹55 Cr | | — | [HSN Code 85421010: Memory Cards (Integrated Circuit)](https://busy.in/hsn/hsn-85421010/) | — | | — | [HSN Code 85421020: Other Integrated Circuit Cards](https://busy.in/hsn/hsn-85421020/) | — | | — | [HSN Code 85421090: Digital Monolithic Integrated Circuits](https://busy.in/hsn/hsn-85421090/) | — | | — | [HSN Code 85422100: Single Integrated Circuit Cards with Optical Strip](https://busy.in/hsn/hsn-85422100/) | — | | — | [HSN Code 85422910: Other Monolithic Integrated Circuits](https://busy.in/hsn/hsn-85422910/) | — |