HSN Code 98010013: Machinery | For Power Project

HSN Code 98010013 represents Machinery | For Power Project under GST classification. This code helps businesses identify Machinery | For Power Project correctly for billing, taxation, and trade. With HSN Code 98010013, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Machinery | For Power Project.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 98010013

HSN Code 98010013 relates to the following description.

Description of Goods

Machinery : For power project

Chapter

98 - Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores

Sub Chapter

9801 - All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified : (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the central government may, having regard to the economic development of the country notify in the official gazette in this behalf; and spare parts, other raw materials (including semi-finished material) or consumable stores not exceeding 10% of the value of the goods specified above provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 98010013 not include?

Machinery | For Power Project does not include products with the following descriptions.

HSN Code 98010020

Components (whether or not finished or not) or raw materials for the manufacture of aforesaid items required for the initial setting up of a unit or the substantial expansion of a unit

HSN Code 98010030

Spare parts and other raw materials (including semi-finished materials or consumable stores for the maintenance of plant or project

India’s Trade Performance — HSN Code 98010013 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

< ₹1 Crore

−92.31% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹7,222 Cr

+35.00% vs FY 2023-24

0.1189% of India’s total imports

Trade Balance

FY 2024-25

−₹7,222 Cr

Trade Deficit

Surplus rank #12580 of 12657 HSN codes

% of Sub-Chapter 9801

FY 2024-25

0.07%

Share of Sub-Chapter 9801’s total exports in FY 2024-25

Import side: 79.16% of Sub-Chapter 9801’s imports

Rank Within Sub-Chapter 9801

FY 2024-25

#6 of 8

Position by export value among HSN codes in Sub-Chapter 9801

Import-side rank: #1 of 8

At a glance

−62.48%

Export CAGR

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

#10305

National Export Rank

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

+47.42%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.07%

Contribution to Sub-Ch. 9801

Share of Sub-Chapter 9801 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 98010013

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 #5410

Balance

−8,188.17

Exports

7.17 ₹ Cr

0.0003% share

— YoY

6.37% of Sub-Ch. 9801

Imports

8,195.34 ₹ Cr

0.2286% share

— YoY

49.32% of Sub-Ch. 9801

FY 2019-20 Exp. Rank #4932

Balance

−5,710.78

Exports

10.57 ₹ Cr

0.0005% share

+47.42% YoY

4.85% of Sub-Ch. 9801

Imports

5,721.35 ₹ Cr

0.1709% share

−30.19% YoY

39.86% of Sub-Ch. 9801

FY 2020-21 Exp. Rank #6714

Balance

−4,313.37

Exports

2.55 ₹ Cr

0.0001% share

−75.88% YoY

15.17% of Sub-Ch. 9801

Imports

4,315.92 ₹ Cr

0.1481% share

−24.56% YoY

38.86% of Sub-Ch. 9801

FY 2021-22 Exp. Rank #7198

Balance

−6,120.63

Exports

2.23 ₹ Cr

0.0001% share

−12.55% YoY

7.93% of Sub-Ch. 9801

Imports

6,122.86 ₹ Cr

0.1340% share

+41.87% YoY

60.57% of Sub-Ch. 9801

FY 2022-23 Exp. Rank #8235

Balance

−8,986.29

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−61.44% YoY

5.37% of Sub-Ch. 9801

Imports

8,987.15 ₹ Cr

0.1563% share

+46.78% YoY

69.34% of Sub-Ch. 9801

FY 2023-24 Exp. Rank #9282

Balance

−5,349.31

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−69.77% YoY

1.21% of Sub-Ch. 9801

Imports

5,349.57 ₹ Cr

0.0953% share

−40.48% YoY

48.87% of Sub-Ch. 9801

FY 2024-25 Exp. Rank #10305

Balance

−7,221.89

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−92.31% YoY

0.07% of Sub-Ch. 9801

Imports

7,221.91 ₹ Cr

0.1189% share

+35.00% YoY

79.16% of Sub-Ch. 9801

CAGR · 7-Year

Exports

−62.48% /yr

Imports

−2.09% /yr

Consistently Deficit
Sub-Chapter 9801 total

reference, FY 2024-25

Export

₹26.97 Cr

Import

₹9,123.52 Cr

Trade Balance

−9,096.55

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

Key Trade Insights: HSN Code 98010013 Export-Import Analysis

Export Decline: −62.48% CAGR Over 7 Years

India's exports under HSN Code 98010013 have declined at a compound annual rate of −62.48% over 7 fiscal years, falling from ₹7.17 Crore in FY 2018-19 to ₹0.02 Crore in FY 2024-25.

HSN Code 98010013 Ranked #10305 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 98010013 ranks #10305 out of 12657 HSN codes by total export value. Within Sub-Chapter 9801, it ranks #6 of 8. By trade surplus, it ranks #12580 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 98010013 Exports

The strongest single-year export movement for HSN Code 98010013 was recorded in FY 2019-20, when exports surged by 47.42% over the prior year.

India Records a Trade Deficit of ₹7,221.89 Crore in HSN Code 98010013 Goods

In FY 2024-25, India's imports of ₹7,221.91 Cr exceeded exports of ₹0.02 Cr, resulting in a trade deficit of ₹7,221.89 Crore — ranking #12580 of 12657 by surplus magnitude.

Import Growth of −2.09% CAGR Signals Stable Import Dependency for Machinery | For Power Project

India's imports under HSN Code 98010013 have grown at −2.09% CAGR, reaching ₹7,221.91 Crore in FY 2024-25.

HSN Code 98010013 Contributes 0.07% of Sub-Chapter 9801 Exports — Ranked #6

Among the 8 HSN codes under Sub-Chapter 9801, HSN Code 98010013 ranks #6 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 79.16% share (rank #1).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 98010013 and GST compliance.

What products are classified under HSN 98010013 ?

It includes Drugs & medicines (personal use)

How much GST applies to Machinery / For Power Project?

Under HSN 98010013, Machinery / For Power Project attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Machinery / For Power Project is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Machinery / For Power Project; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Machinery / For Power Project?

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 Machinery / For Power Project?

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 Power Project?

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.