Consistent Export Growth: 11.36% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8433 have grown at a compound annual rate of 11.36% over 7 fiscal years, rising from ₹440.62 Crore in FY 2018-19 to ₹840.29 Crore in FY 2024-25.
HSN Sub Chapter 8433 represents Harvesting Machinery under GST classification. This code helps businesses identify Harvesting Machinery correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8433, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Harvesting Machinery.
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GST Rate for Harvesting Machinery under HSN Code 8433. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Harvesting Machinery.
Tariff HSN
Description
Mowers for lawns, parks or sports-grounds: Powered with the cutting device rotating in a horizontal plane: Powered with 3 HP or more
Tariff HSN
Description
Mowers for lawns, parks or sports-grounds: Powered with the cutting device rotating in a horizontal plane: Other
Tariff HSN
Description
Mowers for lawns, parks or sports-grounds: Other : Non-powered mowers, having width of 75 cm or more
Tariff HSN
Description
Mowers for lawns, parks or sports-grounds: Other : Other
Tariff HSN
Description
Other mowers, including cutter bars for tractor mounting
Tariff HSN
Description
Other haymaking machinery
Tariff HSN
Description
Straw or fodder balers, including pick-up balers
Tariff HSN
Description
Other harvesting machinery; threshing machinery : Combine harvester-threshers
Tariff HSN
Description
Other harvesting machinery; threshing machinery : Other threshing machinery
Tariff HSN
Description
Other harvesting machinery; threshing machinery : Root or tuber harvesting machines
Tariff HSN
Description
Other harvesting machinery; threshing machinery : Other
Tariff HSN
Description
Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce: Machines for cleaning
Tariff HSN
Description
Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce: Machines for sorting or grading
Tariff HSN
Description
Machines for cleaning, sorting or grading eggs, fruit or other agricultural produce: Other parts thereof
India’s Exports
FY 2024-25₹840 Cr
0.0227% of India’s total exports
India’s Imports
FY 2024-25₹2,765 Cr
0.0453% of India’s total imports
Trade Balance
FY 2024-25−₹1,925 Cr
Surplus rank #1024 of 1233 subchapters
% of Chapter 84
FY 2024-250.30%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.51% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#44 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #43 of 86
At a glance
11.36%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#417
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+29.38%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.30%
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
−194.58
Exports
440.62 ₹ Cr
0.0192% share
— YoY
0.30% of Ch. 84
Imports
635.20 ₹ Cr
0.0177% share
— YoY
0.21% of Ch. 84
Balance
−207.83
Exports
417.24 ₹ Cr
0.0189% share
−5.31% YoY
0.28% of Ch. 84
Imports
625.07 ₹ Cr
0.0186% share
−1.59% YoY
0.20% of Ch. 84
Balance
−651.69
Exports
526.64 ₹ Cr
0.0245% share
+26.22% YoY
0.38% of Ch. 84
Imports
1,178.33 ₹ Cr
0.0404% share
+88.51% YoY
0.43% of Ch. 84
Balance
−321.72
Exports
681.37 ₹ Cr
0.0217% share
+29.38% YoY
0.36% of Ch. 84
Imports
1,003.09 ₹ Cr
0.0219% share
−14.87% YoY
0.27% of Ch. 84
Balance
−346.19
Exports
754.90 ₹ Cr
0.0208% share
+10.79% YoY
0.34% of Ch. 84
Imports
1,101.09 ₹ Cr
0.0192% share
+9.77% YoY
0.25% of Ch. 84
Balance
−689.87
Exports
757.97 ₹ Cr
0.0209% share
+0.41% YoY
0.30% of Ch. 84
Imports
1,447.84 ₹ Cr
0.0258% share
+31.49% YoY
0.30% of Ch. 84
Balance
−1,924.54
Exports
840.29 ₹ Cr
0.0227% share
+10.86% YoY
0.30% of Ch. 84
Imports
2,764.83 ₹ Cr
0.0453% share
+90.96% YoY
0.51% of Ch. 84
CAGR · 7-Year
Exports
11.36% /yr
Imports
27.78% /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 8433 have grown at a compound annual rate of 11.36% over 7 fiscal years, rising from ₹440.62 Crore in FY 2018-19 to ₹840.29 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8433 ranks #417 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #44 of 86. By trade surplus, it ranks #1024 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8433 was recorded in FY 2021-22, when exports surged by 29.38% over the prior year.
In FY 2024-25, India's imports of ₹2,764.83 Cr exceeded exports of ₹840.29 Cr, resulting in a trade deficit of ₹1,924.54 Crore — ranking #1024 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8433 have grown at 27.78% CAGR, reaching ₹2,764.83 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8433 ranks #44 by export value — accounting for 0.30% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.51% share (rank #43).
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 8433 and GST compliance.
It includes Harvesting Machinery
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.
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.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Harvesting Machinery are forward charge. Check the current notifications for any special cases before deciding.
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 your outward supply of Harvesting 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.