Export Decline: −25.10% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8449 have declined at a compound annual rate of −25.10% over 7 fiscal years, falling from ₹31.95 Crore in FY 2018-19 to ₹5.64 Crore in FY 2024-25.
HSN Sub Chapter 8449 represents Felt & Nonwoven Machinery under GST classification. This code helps businesses identify Felt & Nonwoven Machinery correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8449, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Felt & Nonwoven Machinery.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Felt & Nonwoven Machinery under HSN Code 8449. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Felt & Nonwoven Machinery.
Tariff HSN
Description
Machinery for the manufacture or finishing of felt or nonwovens in the piece or in shapes, including machinery for making felt hats; blocks for making hats : Machinery for manufacture or finishing of felt in piece or inshapes (including felt hat-making machines and hat making blocks)
Tariff HSN
Description
Machinery for the manufacture or finishing of felt or nonwovens in the piece or in shapes, including machinery for making felt hats; blocks for making hats : Other
India’s Exports
FY 2024-25₹6 Cr
0.0002% of India’s total exports
India’s Imports
FY 2024-25₹448 Cr
0.0074% of India’s total imports
Trade Balance
FY 2024-25−₹443 Cr
Surplus rank #855 of 1233 subchapters
% of Chapter 84
FY 2024-250.00%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.08% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#85 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #73 of 86
At a glance
−25.10%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1081
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+252.45%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.00%
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
−210.65
Exports
31.95 ₹ Cr
0.0014% share
— YoY
0.02% of Ch. 84
Imports
242.60 ₹ Cr
0.0068% share
— YoY
0.08% of Ch. 84
Balance
−650.68
Exports
4.51 ₹ Cr
0.0002% share
−85.88% YoY
0.00% of Ch. 84
Imports
655.19 ₹ Cr
0.0195% share
+170.07% YoY
0.21% of Ch. 84
Balance
−451.60
Exports
11.02 ₹ Cr
0.0005% share
+144.35% YoY
0.01% of Ch. 84
Imports
462.62 ₹ Cr
0.0159% share
−29.39% YoY
0.17% of Ch. 84
Balance
−763.70
Exports
38.84 ₹ Cr
0.0012% share
+252.45% YoY
0.02% of Ch. 84
Imports
802.54 ₹ Cr
0.0176% share
+73.48% YoY
0.21% of Ch. 84
Balance
−823.29
Exports
6.41 ₹ Cr
0.0002% share
−83.50% YoY
0.00% of Ch. 84
Imports
829.70 ₹ Cr
0.0144% share
+3.38% YoY
0.19% of Ch. 84
Balance
−363.12
Exports
5.80 ₹ Cr
0.0002% share
−9.52% YoY
0.00% of Ch. 84
Imports
368.92 ₹ Cr
0.0066% share
−55.54% YoY
0.08% of Ch. 84
Balance
−442.77
Exports
5.64 ₹ Cr
0.0002% share
−2.76% YoY
0.00% of Ch. 84
Imports
448.41 ₹ Cr
0.0074% share
+21.55% YoY
0.08% of Ch. 84
CAGR · 7-Year
Exports
−25.10% /yr
Imports
10.78% /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 8449 have declined at a compound annual rate of −25.10% over 7 fiscal years, falling from ₹31.95 Crore in FY 2018-19 to ₹5.64 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8449 ranks #1081 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #85 of 86. By trade surplus, it ranks #855 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8449 was recorded in FY 2021-22, when exports surged by 252.45% over the prior year.
In FY 2024-25, India's imports of ₹448.41 Cr exceeded exports of ₹5.64 Cr, resulting in a trade deficit of ₹442.77 Crore — ranking #855 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8449 have grown at 10.78% CAGR, reaching ₹448.41 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8449 ranks #85 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #73).
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 8449 and GST compliance.
It includes Felt & Nonwoven Machinery
Use a delivery challan for sending Felt & Nonwoven Machinery 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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Felt & Nonwoven Machinery is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
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.
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.