8463 HSN Code: Fork-lift trucks

HSN Sub Chapter 8463 represents Fork-lift trucks under GST classification. This code helps businesses identify Fork-lift trucks correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8463, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fork-lift trucks.

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New GST Rate for HSN Code 8463

GST Rate for Fork-lift trucks under HSN Code 8463. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

84

HSN Code

8463

HSN Description

Other machine-tools for working metal, or cermets, without removing material

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 8463

Following tariff HSN codes fall under Fork-lift trucks.

Tariff HSN

84631010

Description

Draw-benches for bars, tubes, profiles, wire or the like : Wire and metal ribbon drawing machines

Tariff HSN

84631020

Description

Draw-benches for bars, tubes, profiles, wire or the like : Other wire making machines

Tariff HSN

84631030

Description

Draw-benches for bars, tubes, profiles, wire or the like : Tube drawing machine

Tariff HSN

84631090

Description

Draw-benches for bars, tubes, profiles, wire or the like : Other

Tariff HSN

84632000

Description

Thread rolling machines

Tariff HSN

84633010

Description

Machines for working wire : Wire grill or Knitting machine

Tariff HSN

84633020

Description

Machines for working wire : Spring coiling

Tariff HSN

84633030

Description

Machines for working wire : Chain making

Tariff HSN

84633040

Description

Machines for working wire : Nail-making machine

Tariff HSN

84639010

Description

Other : Riveting machines (excluding portable hand operated machine)

Tariff HSN

84639020

Description

Other : Strip profiling

Tariff HSN

84639030

Description

Other : Seaming machine for example for cans

Tariff HSN

84639090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 8463 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

₹144 Cr

−15.58% vs FY 2023-24

0.0039% of India’s total exports

India’s Imports

FY 2024-25

₹1,315 Cr

+52.32% vs FY 2023-24

0.0216% of India’s total imports

Trade Balance

FY 2024-25

−₹1,171 Cr

Trade Deficit

Surplus rank #973 of 1233 subchapters

% of Chapter 84

FY 2024-25

0.05%

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

Import side: 0.24% of Chapter 84’s imports

Rank Within Chapter 84

FY 2024-25

#77 of 86

Position by export value among subchapters in Chapter 84

Import-side rank: #57 of 86

At a glance

11.41%

Export CAGR

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

#772

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+51.03%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.05%

Contribution to Ch. 84

Share of Chapter 84 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8463

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 #762

Balance

−560.95

Exports

75.09 ₹ Cr

0.0033% share

— YoY

0.05% of Ch. 84

Imports

636.04 ₹ Cr

0.0177% share

— YoY

0.21% of Ch. 84

FY 2019-20 Exp. Rank #769

Balance

−511.78

Exports

78.96 ₹ Cr

0.0036% share

+5.15% YoY

0.05% of Ch. 84

Imports

590.74 ₹ Cr

0.0176% share

−7.12% YoY

0.19% of Ch. 84

FY 2020-21 Exp. Rank #755

Balance

−298.19

Exports

82.23 ₹ Cr

0.0038% share

+4.14% YoY

0.06% of Ch. 84

Imports

380.42 ₹ Cr

0.0131% share

−35.60% YoY

0.14% of Ch. 84

FY 2021-22 Exp. Rank #748

Balance

−424.05

Exports

124.19 ₹ Cr

0.0040% share

+51.03% YoY

0.07% of Ch. 84

Imports

548.24 ₹ Cr

0.0120% share

+44.11% YoY

0.15% of Ch. 84

FY 2022-23 Exp. Rank #718

Balance

−589.30

Exports

167.35 ₹ Cr

0.0046% share

+34.75% YoY

0.08% of Ch. 84

Imports

756.65 ₹ Cr

0.0132% share

+38.01% YoY

0.17% of Ch. 84

FY 2023-24 Exp. Rank #725

Balance

−693.15

Exports

170.13 ₹ Cr

0.0047% share

+1.66% YoY

0.07% of Ch. 84

Imports

863.28 ₹ Cr

0.0154% share

+14.09% YoY

0.18% of Ch. 84

FY 2024-25 Exp. Rank #772

Balance

−1,171.34

Exports

143.62 ₹ Cr

0.0039% share

−15.58% YoY

0.05% of Ch. 84

Imports

1,314.96 ₹ Cr

0.0216% share

+52.32% YoY

0.24% of Ch. 84

CAGR · 7-Year

Exports

11.41% /yr

Imports

12.87% /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 8463 Export-Import Analysis

Consistent Export Growth: 11.41% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8463 have grown at a compound annual rate of 11.41% over 7 fiscal years, rising from ₹75.09 Crore in FY 2018-19 to ₹143.62 Crore in FY 2024-25.

HSN Sub-Chapter 8463 Ranked #772 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8463 ranks #772 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #77 of 86. By trade surplus, it ranks #973 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 8463 Exports

The strongest single-year export movement for HSN Sub-Chapter 8463 was recorded in FY 2021-22, when exports surged by 51.03% over the prior year.

India Records a Trade Deficit of ₹1,171.34 Crore in HSN Sub-Chapter 8463 Goods

In FY 2024-25, India's imports of ₹1,314.96 Cr exceeded exports of ₹143.62 Cr, resulting in a trade deficit of ₹1,171.34 Crore — ranking #973 of 1233 by surplus magnitude.

Import Growth of 12.87% CAGR Signals Rising Demand for Fork-lift trucks

India's imports under HSN Sub-Chapter 8463 have grown at 12.87% CAGR, reaching ₹1,314.96 Crore in FY 2024-25.

HSN Sub-Chapter 8463 Contributes 0.05% of Chapter 84 Exports — Ranked #77

Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8463 ranks #77 by export value — accounting for 0.05% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.24% share (rank #57).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8463 and GST compliance.

What products are classified under HSN 8463

It includes Fork-lift trucks

What are the e‑way bill and e‑invoice points while moving Fork-lift trucks?

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.

Any import/export nuance for Fork-lift trucks?

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.

What should my invoice and records include for Fork-lift trucks?

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.

How do I bill a kit or combo that includes Fork-lift trucks?

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.

What misclassification mistakes happen with Fork-lift trucks?

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.

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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