Consistent Export Growth: 18.17% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8464 have grown at a compound annual rate of 18.17% over 7 fiscal years, rising from ₹25.94 Crore in FY 2018-19 to ₹70.62 Crore in FY 2024-25.
HSN Sub Chapter 8464 represents Parts & Accessories For Machine Tools under GST classification. This code helps businesses identify Parts & Accessories For Machine Tools correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8464, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Parts & Accessories For Machine Tools.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Parts & Accessories For Machine Tools under HSN Code 8464. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Parts & Accessories For Machine Tools.
India’s Exports
FY 2024-25₹71 Cr
0.0019% of India’s total exports
India’s Imports
FY 2024-25₹1,140 Cr
0.0187% of India’s total imports
Trade Balance
FY 2024-25−₹1,070 Cr
Surplus rank #962 of 1233 subchapters
% of Chapter 84
FY 2024-250.02%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.21% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#79 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #59 of 86
At a glance
18.17%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#866
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+92.10%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.02%
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
−1,543.35
Exports
25.94 ₹ Cr
0.0011% share
— YoY
0.02% of Ch. 84
Imports
1,569.29 ₹ Cr
0.0437% share
— YoY
0.51% of Ch. 84
Balance
−1,029.97
Exports
38.37 ₹ Cr
0.0017% share
+47.92% YoY
0.03% of Ch. 84
Imports
1,068.34 ₹ Cr
0.0318% share
−31.92% YoY
0.35% of Ch. 84
Balance
−1,030.99
Exports
33.79 ₹ Cr
0.0016% share
−11.94% YoY
0.02% of Ch. 84
Imports
1,064.78 ₹ Cr
0.0365% share
−0.33% YoY
0.39% of Ch. 84
Balance
−2,201.22
Exports
64.91 ₹ Cr
0.0021% share
+92.10% YoY
0.03% of Ch. 84
Imports
2,266.13 ₹ Cr
0.0496% share
+112.83% YoY
0.60% of Ch. 84
Balance
−1,527.05
Exports
64.62 ₹ Cr
0.0018% share
−0.45% YoY
0.03% of Ch. 84
Imports
1,591.67 ₹ Cr
0.0277% share
−29.76% YoY
0.36% of Ch. 84
Balance
−1,257.61
Exports
92.32 ₹ Cr
0.0026% share
+42.87% YoY
0.04% of Ch. 84
Imports
1,349.93 ₹ Cr
0.0240% share
−15.19% YoY
0.28% of Ch. 84
Balance
−1,069.53
Exports
70.62 ₹ Cr
0.0019% share
−23.51% YoY
0.02% of Ch. 84
Imports
1,140.15 ₹ Cr
0.0187% share
−15.54% YoY
0.21% of Ch. 84
CAGR · 7-Year
Exports
18.17% /yr
Imports
−5.19% /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 8464 have grown at a compound annual rate of 18.17% over 7 fiscal years, rising from ₹25.94 Crore in FY 2018-19 to ₹70.62 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8464 ranks #866 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #79 of 86. By trade surplus, it ranks #962 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8464 was recorded in FY 2021-22, when exports surged by 92.10% over the prior year.
In FY 2024-25, India's imports of ₹1,140.15 Cr exceeded exports of ₹70.62 Cr, resulting in a trade deficit of ₹1,069.53 Crore — ranking #962 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8464 have grown at −5.19% CAGR, reaching ₹1,140.15 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8464 ranks #79 by export value — accounting for 0.02% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.21% share (rank #59).
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 8464 and GST compliance.
It includes Parts & Accessories For Machine Tools
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
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.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
If your outward supply of Parts & Accessories For Machine Tools 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.