--- title: "HSN Code for Machinery | For Irrigation Plant | HSN 98010012 GST Rate" description: "Find HSN and GST Rates for 98010012 related to Machinery | For Irrigation Plant with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-98010012/" --- # HSN Code 98010012: Machinery | For Irrigation Plant - [Section 21: Guide to HSN Section 21](https://busy.in/hsn/section-21/) - [Chapter 98: Project Imports & Laboratory Chemicals](https://busy.in/hsn/chapter-98/) - [Sub-chapter 9801: All machinery items](https://busy.in/hsn/sub-chapter-9801/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Machinery : For irrigation plant | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 98010012 ? It includes Dutiable Baggage Articles ### Can we claim ITC on inputs used to trade Machinery / For Irrigation Plant? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Machinery / For Irrigation Plant? 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. ### Any common misclassification issue with Machinery / For Irrigation Plant? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Machinery / For Irrigation Plant? Under HSN 98010012, Machinery / For Irrigation Plant attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Machinery / For Irrigation Plant? 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 Machinery / For Irrigation Plant is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Machinery / For Irrigation Plant; Nil for exempt items if applicable). ## India's trade performance: HSN Code 98010012 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−71.43% YoY) — 0.0000% of India's total exports - Imports: ₹56 Cr (+72.08% YoY) — 0.0009% of India's total imports - Trade balance: −₹56 Cr (Deficit); surplus rank #10332 of 12657 HSN codes - Share of Sub-Chapter 9801: 0.30% of its exports; import side 0.62% - Rank within Sub-Chapter 9801: #5 of 8 by export value; import-side #6 ### Key metrics - Export CAGR: -17.30% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9843 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +400.00% in FY 2022-23 - Contribution to Sub-Ch. 9801: 0.30% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 98010012 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. 9801 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9801 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.22% | 949.29 | 0.0265% | — | 5.71% | −949.04 | #8668 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −80.00% | 0.02% | 548.13 | 0.0164% | −42.26% | 3.82% | −548.08 | #9466 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +20.00% | 0.36% | 508.96 | 0.0175% | −7.15% | 4.58% | −508.90 | #9473 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −66.67% | 0.07% | 47.29 | 0.0010% | −90.71% | 0.47% | −47.27 | #10058 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +400.00% | 0.62% | 50.97 | 0.0009% | +7.78% | 0.39% | −50.87 | #9640 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +180.00% | 1.30% | 32.74 | 0.0006% | −35.77% | 0.30% | −32.46 | #9231 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −71.43% | 0.30% | 56.34 | 0.0009% | +72.08% | 0.62% | −56.26 | #9843 | - CAGR (7-year): exports -17.30%/yr, imports -37.54%/yr (consistently Deficit) ## Key trade insights: HSN Code 98010012 export-import analysis ### Export decline: -17.30% CAGR over 7 years India's exports under HSN Code 98010012 have declined at a compound annual rate of -17.30% over 7 fiscal years, falling from ₹0.25 Crore in FY 2018-19 to ₹0.08 Crore in FY 2024-25. ### HSN Code 98010012 ranked #9843 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 98010012 ranks #9843 out of 12657 HSN codes by total export value. Within Sub-Chapter 9801, it ranks #5 of 8. By trade surplus, it ranks #10332 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 98010012 exports The strongest single-year export movement for HSN Code 98010012 was recorded in FY 2022-23, when exports surged by 400.00% over the prior year. ### India records a trade deficit of ₹56.26 Crore in HSN Code 98010012 goods In FY 2024-25, India's imports of ₹56.34 Cr exceeded exports of ₹0.08 Cr, resulting in a trade deficit of ₹56.26 Crore — ranking #10332 of 12657 by surplus magnitude. ### Import growth of -37.54% CAGR signals stable import dependency for Machinery | For Irrigation Plant India's imports under HSN Code 98010012 have grown at -37.54% CAGR, reaching ₹56.34 Crore in FY 2024-25. ### HSN Code 98010012 contributes 0.30% of Sub-Chapter 9801 exports — ranked #5 Among the 8 HSN codes under Sub-Chapter 9801, HSN Code 98010012 ranks #5 by export value — accounting for 0.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.62% share (rank #6). ## Related HSN Codes in Sub-Chapter 9801 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 98010011: Looped Pile Fabrics \| Of Man-Made Fibres](https://busy.in/hsn/hsn-98010011/) | ₹14 Cr | | #2 | [HSN Code 98010030: Spare Parts/Raw Materials for Plant Maintenance](https://busy.in/hsn/hsn-98010030/) | ₹7 Cr | | #3 | [HSN Code 98010019: Machinery \| For Other Projects](https://busy.in/hsn/hsn-98010019/) | ₹5 Cr | | #4 | [HSN Code 98010020: Components/raw materials for unit setup](https://busy.in/hsn/hsn-98010020/) | < ₹1 Crore | | #5 | HSN Code 98010012: Machinery \| For Irrigation Plant (this hsn code) | < ₹1 Crore | | #6 | [HSN Code 98010013: Machinery \| For Power Project](https://busy.in/hsn/hsn-98010013/) | < ₹1 Crore | | — | [HSN Code 98010014: Machinery \| For Mining Project](https://busy.in/hsn/hsn-98010014/) | Nil | | — | [HSN Code 98010015: Machinery: Oil exploration](https://busy.in/hsn/hsn-98010015/) | Nil |