HSN Code 98010014: Machinery | For Mining Project

HSN Code 98010014 represents Machinery | For Mining Project under GST classification. This code helps businesses identify Machinery | For Mining Project correctly for billing, taxation, and trade. With HSN Code 98010014, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Machinery | For Mining Project.

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Description of Goods for HSN Code 98010014

HSN Code 98010014 relates to the following description.

Description of Goods

Machinery : For mining 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 98010014 not include?

Machinery | For Mining 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 98010014 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹67 Cr

+101.82% vs FY 2023-24

0.0011% of India’s total imports

Trade Balance

FY 2024-25

−₹67 Cr

Trade Deficit

Surplus rank #10468 of 12657 HSN codes

% of Sub-Chapter 9801

FY 2024-25

0.00%

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

Import side: 0.73% of Sub-Chapter 9801’s imports

At a glance

−95.00%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.00%

Contribution to Sub-Ch. 9801

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

India Export-Import Trade Statistics for HSN Code 98010014

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 #8812

Balance

−86.53

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.18% of Sub-Ch. 9801

Imports

86.73 ₹ Cr

0.0024% share

— YoY

0.52% of Sub-Ch. 9801

FY 2019-20 Exp. Rank #9870

Balance

−103.35

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−95.00% YoY

0.00% of Sub-Ch. 9801

Imports

103.36 ₹ Cr

0.0031% share

+19.17% YoY

0.72% of Sub-Ch. 9801

FY 2020-21

Balance

−926.59

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 9801

Imports

926.59 ₹ Cr

0.0318% share

+796.47% YoY

8.34% of Sub-Ch. 9801

FY 2021-22

Balance

−332.84

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 9801

Imports

332.84 ₹ Cr

0.0073% share

−64.08% YoY

3.29% of Sub-Ch. 9801

FY 2022-23

Balance

−152.02

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 9801

Imports

152.02 ₹ Cr

0.0026% share

−54.33% YoY

1.17% of Sub-Ch. 9801

FY 2023-24 Exp. Rank #10223

Balance

−33.02

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.14% of Sub-Ch. 9801

Imports

33.05 ₹ Cr

0.0006% share

−78.26% YoY

0.30% of Sub-Ch. 9801

FY 2024-25

Balance

−66.70

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 9801

Imports

66.70 ₹ Cr

0.0011% share

+101.82% YoY

0.73% of Sub-Ch. 9801

CAGR · 7-Year

Exports

—

Imports

−4.28% /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 98010014 Export-Import Analysis

Export Snapshot for HSN Code 98010014

India exported ₹0.00 Crore worth of Machinery | For Mining Project in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2019-20 Was the Strongest Growth Year for HSN Code 98010014 Exports

The strongest single-year export movement for HSN Code 98010014 was recorded in FY 2019-20, when exports declined by 95.00% over the prior year.

India Records a Trade Deficit of ₹66.70 Crore in HSN Code 98010014 Goods

In FY 2024-25, India's imports of ₹66.70 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹66.70 Crore — ranking #10468 of 12657 by surplus magnitude.

Import Growth of −4.28% CAGR Signals Stable Import Dependency for Machinery | For Mining Project

India's imports under HSN Code 98010014 have grown at −4.28% CAGR, reaching ₹66.70 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 98010014 and GST compliance.

What products are classified under HSN 98010014 ?

It includes Works of Art, Collectors' Pieces & Antiques

Do e‑way bill and e‑invoice apply for Machinery / For Mining 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.

How should mixed supplies be billed when Machinery / For Mining 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 Mining Project; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Machinery / For Mining Project?

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 Machinery / For Mining Project?

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 Mining Project?

Under HSN 98010014, Machinery / For Mining Project attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.