Consistent Export Growth: 11.27% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8423 have grown at a compound annual rate of 11.27% over 7 fiscal years, rising from ₹205.58 Crore in FY 2018-19 to ₹390.24 Crore in FY 2024-25.
HSN Sub Chapter 8423 represents Weighing Machinery under GST classification. This code helps businesses identify Weighing Machinery correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8423, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Weighing Machinery.
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GST Rate for Weighing Machinery under HSN Code 8423. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Weighing Machinery.
Tariff HSN
Description
Personal weighing machines, including baby scales; household scales
Tariff HSN
Description
Scales for continuous weighing of goods on conveyors
Tariff HSN
Description
Constant weight scales and scales for discharging a predetermined weight ofmaterial into a bag or container, including hopper scales
Tariff HSN
Description
Other weighing machinery: Having a maximum weighing capacity not exceeding 30 kg : Beam scale
Tariff HSN
Description
Other weighing machinery: Having a maximum weighing capacity not exceeding 30 kg : Other
Tariff HSN
Description
Other weighing machinery: Having a maximum weighing capacity exceeding 30 kg but not exceeding 5,000 kg : Beam scale
Tariff HSN
Description
Other weighing machinery: Having a maximum weighing capacity exceeding 30 kg but not exceeding 5,000 kg : Other
Tariff HSN
Description
Other weighing machinery: Other
Tariff HSN
Description
Other weighing machinery: Weighing machine weights of all kinds; parts of weighing machinery : Weighing machine weights of all kinds
Tariff HSN
Description
Other weighing machinery: Weighing machine weights of all kinds; parts of weighing machinery : Parts of weighing machinery
India’s Exports
FY 2024-25₹390 Cr
0.0105% of India’s total exports
India’s Imports
FY 2024-25₹819 Cr
0.0134% of India’s total imports
Trade Balance
FY 2024-25−₹428 Cr
Surplus rank #850 of 1233 subchapters
% of Chapter 84
FY 2024-250.14%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.15% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#58 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #64 of 86
At a glance
11.27%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#578
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+82.73%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.14%
Contribution to Ch. 84
Share of Chapter 84 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−394.67
Exports
205.58 ₹ Cr
0.0090% share
— YoY
0.14% of Ch. 84
Imports
600.25 ₹ Cr
0.0167% share
— YoY
0.20% of Ch. 84
Balance
−457.23
Exports
193.21 ₹ Cr
0.0087% share
−6.02% YoY
0.13% of Ch. 84
Imports
650.44 ₹ Cr
0.0194% share
+8.36% YoY
0.21% of Ch. 84
Balance
−346.52
Exports
191.73 ₹ Cr
0.0089% share
−0.77% YoY
0.14% of Ch. 84
Imports
538.25 ₹ Cr
0.0185% share
−17.25% YoY
0.20% of Ch. 84
Balance
−426.58
Exports
240.03 ₹ Cr
0.0076% share
+25.19% YoY
0.13% of Ch. 84
Imports
666.61 ₹ Cr
0.0146% share
+23.85% YoY
0.18% of Ch. 84
Balance
−461.42
Exports
209.37 ₹ Cr
0.0058% share
−12.77% YoY
0.09% of Ch. 84
Imports
670.79 ₹ Cr
0.0117% share
+0.63% YoY
0.15% of Ch. 84
Balance
−429.10
Exports
382.58 ₹ Cr
0.0106% share
+82.73% YoY
0.15% of Ch. 84
Imports
811.68 ₹ Cr
0.0145% share
+21.00% YoY
0.17% of Ch. 84
Balance
−428.32
Exports
390.24 ₹ Cr
0.0105% share
+2.00% YoY
0.14% of Ch. 84
Imports
818.56 ₹ Cr
0.0134% share
+0.85% YoY
0.15% of Ch. 84
CAGR · 7-Year
Exports
11.27% /yr
Imports
5.31% /yr
reference, FY 2024-25
Export
₹2,83,259.46 Cr
Import
₹5,43,949.32 Cr
Trade Balance
−2,60,689.86
India's exports under HSN Sub-Chapter 8423 have grown at a compound annual rate of 11.27% over 7 fiscal years, rising from ₹205.58 Crore in FY 2018-19 to ₹390.24 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8423 ranks #578 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #58 of 86. By trade surplus, it ranks #850 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8423 was recorded in FY 2023-24, when exports surged by 82.73% over the prior year.
In FY 2024-25, India's imports of ₹818.56 Cr exceeded exports of ₹390.24 Cr, resulting in a trade deficit of ₹428.32 Crore — ranking #850 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8423 have grown at 5.31% CAGR, reaching ₹818.56 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8423 ranks #58 by export value — accounting for 0.14% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #64).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 8423 and GST compliance.
It includes Weighing Machinery
If your outward supply of Weighing Machinery 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.
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.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Weighing Machinery are forward charge. Check the current notifications for any special cases before deciding.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.