8417 HSN Code: Knitted garments

HSN Sub Chapter 8417 represents Knitted garments under GST classification. This code helps businesses identify Knitted garments correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8417, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Knitted garments.

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New GST Rate for HSN Code 8417

GST Rate for Knitted garments under HSN Code 8417. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

84

HSN Code

8417

HSN Description

Industrial or laboratory furnaces and ovens, including incinerators, non-electric

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 8417

Following tariff HSN codes fall under Knitted garments.

Tariff HSN

84171000

Description

Furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals

Tariff HSN

84172000

Description

Bakery ovens, including biscuit ovens

Tariff HSN

84178010

Description

Other : For cement industry

Tariff HSN

84178090

Description

Other : Other

Tariff HSN

84179000

Description

Parts

India’s Trade Performance — HSN Sub-Chapter 8417 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

₹690 Cr

+3.36% vs FY 2023-24

0.0186% of India’s total exports

India’s Imports

FY 2024-25

₹4,143 Cr

+24.25% vs FY 2023-24

0.0679% of India’s total imports

Trade Balance

FY 2024-25

−₹3,453 Cr

Trade Deficit

Surplus rank #1076 of 1233 subchapters

% of Chapter 84

FY 2024-25

0.24%

Share of Chapter 84’s total exports in FY 2024-25

Import side: 0.76% of Chapter 84’s imports

Rank Within Chapter 84

FY 2024-25

#48 of 86

Position by export value among subchapters in Chapter 84

Import-side rank: #35 of 86

At a glance

14.73%

Export CAGR

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

#461

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+48.79%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.24%

Contribution to Ch. 84

Share of Chapter 84 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8417

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 #528

Balance

−883.58

Exports

302.79 ₹ Cr

0.0132% share

— YoY

0.21% of Ch. 84

Imports

1,186.37 ₹ Cr

0.0330% share

— YoY

0.39% of Ch. 84

FY 2019-20 Exp. Rank #460

Balance

−928.19

Exports

397.13 ₹ Cr

0.0180% share

+31.16% YoY

0.27% of Ch. 84

Imports

1,325.32 ₹ Cr

0.0395% share

+11.71% YoY

0.43% of Ch. 84

FY 2020-21 Exp. Rank #500

Balance

−567.84

Exports

330.28 ₹ Cr

0.0154% share

−16.83% YoY

0.24% of Ch. 84

Imports

898.12 ₹ Cr

0.0308% share

−32.23% YoY

0.33% of Ch. 84

FY 2021-22 Exp. Rank #574

Balance

−703.66

Exports

320.12 ₹ Cr

0.0102% share

−3.08% YoY

0.17% of Ch. 84

Imports

1,023.78 ₹ Cr

0.0224% share

+13.99% YoY

0.27% of Ch. 84

FY 2022-23 Exp. Rank #519

Balance

−1,070.05

Exports

476.30 ₹ Cr

0.0132% share

+48.79% YoY

0.22% of Ch. 84

Imports

1,546.35 ₹ Cr

0.0269% share

+51.04% YoY

0.35% of Ch. 84

FY 2023-24 Exp. Rank #455

Balance

−2,666.90

Exports

668.02 ₹ Cr

0.0185% share

+40.25% YoY

0.27% of Ch. 84

Imports

3,334.92 ₹ Cr

0.0594% share

+115.66% YoY

0.70% of Ch. 84

FY 2024-25 Exp. Rank #461

Balance

−3,453.02

Exports

690.46 ₹ Cr

0.0186% share

+3.36% YoY

0.24% of Ch. 84

Imports

4,143.48 ₹ Cr

0.0679% share

+24.25% YoY

0.76% of Ch. 84

CAGR · 7-Year

Exports

14.73% /yr

Imports

23.18% /yr

Consistently Deficit
Chapter 84 total

reference, FY 2024-25

Export

₹2,83,259.46 Cr

Import

₹5,43,949.32 Cr

Trade Balance

−2,60,689.86

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

Key Trade Insights: HSN Sub-Chapter 8417 Export-Import Analysis

Consistent Export Growth: 14.73% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8417 have grown at a compound annual rate of 14.73% over 7 fiscal years, rising from ₹302.79 Crore in FY 2018-19 to ₹690.46 Crore in FY 2024-25.

HSN Sub-Chapter 8417 Ranked #461 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8417 ranks #461 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #48 of 86. By trade surplus, it ranks #1076 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 8417 Exports

The strongest single-year export movement for HSN Sub-Chapter 8417 was recorded in FY 2022-23, when exports surged by 48.79% over the prior year.

India Records a Trade Deficit of ₹3,453.02 Crore in HSN Sub-Chapter 8417 Goods

In FY 2024-25, India's imports of ₹4,143.48 Cr exceeded exports of ₹690.46 Cr, resulting in a trade deficit of ₹3,453.02 Crore — ranking #1076 of 1233 by surplus magnitude.

Import Growth of 23.18% CAGR Signals Rising Demand for Knitted garments

India's imports under HSN Sub-Chapter 8417 have grown at 23.18% CAGR, reaching ₹4,143.48 Crore in FY 2024-25.

HSN Sub-Chapter 8417 Contributes 0.24% of Chapter 84 Exports — Ranked #48

Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8417 ranks #48 by export value — accounting for 0.24% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.76% share (rank #35).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8417 and GST compliance.

What products are classified under HSN 8417

It includes Knitted garments

Is the composition scheme suitable if I mainly trade Knitted garments?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Can reverse charge ever apply to transactions involving Knitted garments?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Knitted garments are forward charge. Check the current notifications for any special cases before deciding.

Can I claim ITC on inputs and services used for Knitted garments?

If your outward supply of Knitted garments is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

What misclassification mistakes happen with Knitted garments?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

If I repair and return Knitted garments, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

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.

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