8431 HSN Code: Machinery parts for headings 8425-8430

HSN Sub Chapter 8431 represents Machinery parts for headings 8425-8430 under GST classification. This code helps businesses identify Machinery parts for headings 8425-8430 correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8431, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Machinery parts for headings 8425-8430.

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New GST Rate for HSN Code 8431

GST Rate for Machinery parts for headings 8425-8430 under HSN Code 8431. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

84

HSN Code

8431

HSN Description

Parts suitable for use solely or principally with the machinery of headings 8425 to 8430

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 8431

Following tariff HSN codes fall under Machinery parts for headings 8425-8430.

Tariff HSN

84311010

Description

Of machinery of heading 8425 : Of pulley tackle and hoists, other than ship hoists, winches or capstans

Tariff HSN

84311090

Description

Of machinery of heading 8425 : Other

Tariff HSN

84312010

Description

Of machinery of heading 8427 : Of fork lift trucks

Tariff HSN

84312090

Description

Of machinery of heading 8427 : Other

Tariff HSN

84313100

Description

Of machinery of heading 8428: Of lifts, skip hoists or escalators

Tariff HSN

84313910

Description

Of machinery of heading 8428: Other : Of elevators, conveyors and moving equipments

Tariff HSN

84313990

Description

Of machinery of heading 8428: Other : Other

Tariff HSN

84314100

Description

Of machinery of heading 8426, 8429 or 8430 : Buckets, shovels, grabs and grips

Tariff HSN

84314200

Description

Of machinery of heading 8426, 8429 or 8430 : Bulldozers or angledozer blades

Tariff HSN

84314310

Description

Of machinery of heading 8426, 8429 or 8430 : Parts of boring or sinking machinery of subheading 8430 41 or 8430 49 : Of boring or sinking machinery, self-propelled

Tariff HSN

84314390

Description

Of machinery of heading 8426, 8429 or 8430 : Parts of boring or sinking machinery of subheading 8430 41 or 8430 49 : Other

Tariff HSN

84314910

Description

Of machinery of heading 8426, 8429 or 8430 : Other : Of road rollers, mechanically propelled

Tariff HSN

84314920

Description

Of machinery of heading 8426, 8429 or 8430 : Other : Of ships derricks and cranes

Tariff HSN

84314930

Description

Of machinery of heading 8426, 8429 or 8430 : Other : Of other excavating, levelling, tamping or excavating machinery for earth, mineral or ores

Tariff HSN

84314940

Description

Of machinery of heading 8426, 8429 or 8430 : Other : Of pile driver, snow plough, not self-propelled

Tariff HSN

84314990

Description

Of machinery of heading 8426, 8429 or 8430 : Other : Other

India’s Trade Performance — HSN Sub-Chapter 8431 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

₹11,648 Cr

+3.04% vs FY 2023-24

0.3145% of India’s total exports

India’s Imports

FY 2024-25

₹15,176 Cr

+8.39% vs FY 2023-24

0.2489% of India’s total imports

Trade Balance

FY 2024-25

−₹3,529 Cr

Trade Deficit

Surplus rank #1081 of 1233 subchapters

% of Chapter 84

FY 2024-25

4.11%

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

Import side: 2.79% of Chapter 84’s imports

Rank Within Chapter 84

FY 2024-25

#8 of 86

Position by export value among subchapters in Chapter 84

Import-side rank: #10 of 86

At a glance

13.93%

Export CAGR

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

#51

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+72.52%

Peak Growth Year

FY 2021-22 · strongest single-year move

4.11%

Contribution to Ch. 84

Share of Chapter 84 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8431

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 #79

Balance

−5,241.89

Exports

5,325.74 ₹ Cr

0.2320% share

— YoY

3.63% of Ch. 84

Imports

10,567.63 ₹ Cr

0.2943% share

— YoY

3.45% of Ch. 84

FY 2019-20 Exp. Rank #77

Balance

−2,911.81

Exports

5,416.47 ₹ Cr

0.2452% share

+1.70% YoY

3.67% of Ch. 84

Imports

8,328.28 ₹ Cr

0.2483% share

−21.19% YoY

2.71% of Ch. 84

FY 2020-21 Exp. Rank #97

Balance

−4,130.48

Exports

4,501.72 ₹ Cr

0.2093% share

−16.89% YoY

3.21% of Ch. 84

Imports

8,632.20 ₹ Cr

0.2962% share

+3.65% YoY

3.15% of Ch. 84

FY 2021-22 Exp. Rank #69

Balance

−3,743.45

Exports

7,766.39 ₹ Cr

0.2475% share

+72.52% YoY

4.10% of Ch. 84

Imports

11,509.84 ₹ Cr

0.2518% share

+33.34% YoY

3.05% of Ch. 84

FY 2022-23 Exp. Rank #58

Balance

−2,431.27

Exports

9,953.20 ₹ Cr

0.2749% share

+28.16% YoY

4.50% of Ch. 84

Imports

12,384.47 ₹ Cr

0.2154% share

+7.60% YoY

2.83% of Ch. 84

FY 2023-24 Exp. Rank #51

Balance

−2,697.01

Exports

11,304.49 ₹ Cr

0.3124% share

+13.58% YoY

4.54% of Ch. 84

Imports

14,001.50 ₹ Cr

0.2493% share

+13.06% YoY

2.95% of Ch. 84

FY 2024-25 Exp. Rank #51

Balance

−3,528.58

Exports

11,647.68 ₹ Cr

0.3145% share

+3.04% YoY

4.11% of Ch. 84

Imports

15,176.26 ₹ Cr

0.2489% share

+8.39% YoY

2.79% of Ch. 84

CAGR · 7-Year

Exports

13.93% /yr

Imports

6.22% /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 8431 Export-Import Analysis

Consistent Export Growth: 13.93% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8431 have grown at a compound annual rate of 13.93% over 7 fiscal years, rising from ₹5,325.74 Crore in FY 2018-19 to ₹11,647.68 Crore in FY 2024-25.

HSN Sub-Chapter 8431 Ranked #51 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8431 ranks #51 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #8 of 86. By trade surplus, it ranks #1081 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 8431 Exports

The strongest single-year export movement for HSN Sub-Chapter 8431 was recorded in FY 2021-22, when exports surged by 72.52% over the prior year.

India Records a Trade Deficit of ₹3,528.58 Crore in HSN Sub-Chapter 8431 Goods

In FY 2024-25, India's imports of ₹15,176.26 Cr exceeded exports of ₹11,647.68 Cr, resulting in a trade deficit of ₹3,528.58 Crore — ranking #1081 of 1233 by surplus magnitude.

Import Growth of 6.22% CAGR Signals Stable Import Dependency for Machinery parts for headings 8425-8430

India's imports under HSN Sub-Chapter 8431 have grown at 6.22% CAGR, reaching ₹15,176.26 Crore in FY 2024-25.

HSN Sub-Chapter 8431 Contributes 4.11% of Chapter 84 Exports — Ranked #8

Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8431 ranks #8 by export value — accounting for 4.11% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.79% share (rank #10).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8431 and GST compliance.

What products are classified under HSN 8431

It includes Machinery parts for headings 8425-8430

Can I claim ITC on inputs and services used for Machinery parts for headings 8425-8430?

If your outward supply of Machinery parts for headings 8425-8430 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.

Any import/export nuance for Machinery parts for headings 8425-8430?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

If I repair and return Machinery parts for headings 8425-8430, 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.

How should I document Machinery parts for headings 8425-8430 sent for job work?

Use a delivery challan for sending Machinery parts for headings 8425-8430 to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

How do I bill a kit or combo that includes Machinery parts for headings 8425-8430?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

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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