Consistent Export Growth: 9.69% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8466 have grown at a compound annual rate of 9.69% over 7 fiscal years, rising from ₹1,248.39 Crore in FY 2018-19 to ₹2,174.11 Crore in FY 2024-25.
HSN Sub Chapter 8466 represents Machine parts under GST classification. This code helps businesses identify Machine parts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8466, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Machine parts.
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GST Rate for Machine parts under HSN Code 8466. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
84HSN Code
HSN Description
Parts and accessories suitable for use solely or principally with the machines of headings 8456 t o 8465, including work or tool holders, self-opening dieheads, dividing heads and other special attachments for machinetools; tool holders for any type of tool, for working in the hand
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Machine parts.
Tariff HSN
Description
Tool holders and self-opening dieheads : Tool holders
Tariff HSN
Description
Tool holders and self-opening dieheads : Self-opening dieheads
Tariff HSN
Description
Work holders
Tariff HSN
Description
Dividing heads and other special attachments for machine-tools : Chucks
Tariff HSN
Description
Dividing heads and other special attachments for machine-tools : Jigs and fixtures
Tariff HSN
Description
Dividing heads and other special attachments for machine-tools : Other
Tariff HSN
Description
Other : For machines of heading 8464
Tariff HSN
Description
Other : For machines of heading 8465
Tariff HSN
Description
Other : For machines of headings 8456 to 8461 : Parts and accessories of machine tools, for working metals
Tariff HSN
Description
Other : For machines of headings 8456 to 8461 : Other
Tariff HSN
Description
Other : For machines of heading 8462 or 8463
India’s Exports
FY 2024-25₹2,174 Cr
0.0587% of India’s total exports
India’s Imports
FY 2024-25₹6,217 Cr
0.1019% of India’s total imports
Trade Balance
FY 2024-25−₹4,043 Cr
Surplus rank #1096 of 1233 subchapters
% of Chapter 84
FY 2024-250.77%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 1.14% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#26 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #24 of 86
At a glance
9.69%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#255
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+58.23%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.77%
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
−3,231.80
Exports
1,248.39 ₹ Cr
0.0544% share
— YoY
0.85% of Ch. 84
Imports
4,480.19 ₹ Cr
0.1248% share
— YoY
1.46% of Ch. 84
Balance
−3,110.68
Exports
1,148.32 ₹ Cr
0.0520% share
−8.02% YoY
0.78% of Ch. 84
Imports
4,259.00 ₹ Cr
0.1270% share
−4.94% YoY
1.39% of Ch. 84
Balance
−2,267.70
Exports
1,092.25 ₹ Cr
0.0508% share
−4.88% YoY
0.78% of Ch. 84
Imports
3,359.95 ₹ Cr
0.1153% share
−21.11% YoY
1.23% of Ch. 84
Balance
−2,684.00
Exports
1,728.22 ₹ Cr
0.0551% share
+58.23% YoY
0.91% of Ch. 84
Imports
4,412.22 ₹ Cr
0.0965% share
+31.32% YoY
1.17% of Ch. 84
Balance
−2,604.43
Exports
1,851.05 ₹ Cr
0.0511% share
+7.11% YoY
0.84% of Ch. 84
Imports
4,455.48 ₹ Cr
0.0775% share
+0.98% YoY
1.02% of Ch. 84
Balance
−3,036.06
Exports
1,981.42 ₹ Cr
0.0548% share
+7.04% YoY
0.80% of Ch. 84
Imports
5,017.48 ₹ Cr
0.0893% share
+12.61% YoY
1.06% of Ch. 84
Balance
−4,042.82
Exports
2,174.11 ₹ Cr
0.0587% share
+9.72% YoY
0.77% of Ch. 84
Imports
6,216.93 ₹ Cr
0.1019% share
+23.91% YoY
1.14% of Ch. 84
CAGR · 7-Year
Exports
9.69% /yr
Imports
5.61% /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 8466 have grown at a compound annual rate of 9.69% over 7 fiscal years, rising from ₹1,248.39 Crore in FY 2018-19 to ₹2,174.11 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8466 ranks #255 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #26 of 86. By trade surplus, it ranks #1096 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8466 was recorded in FY 2021-22, when exports surged by 58.23% over the prior year.
In FY 2024-25, India's imports of ₹6,216.93 Cr exceeded exports of ₹2,174.11 Cr, resulting in a trade deficit of ₹4,042.82 Crore — ranking #1096 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8466 have grown at 5.61% CAGR, reaching ₹6,216.93 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8466 ranks #26 by export value — accounting for 0.77% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.14% share (rank #24).
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 8466 and GST compliance.
It includes Machine parts
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Machine parts 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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Machine parts are forward charge. Check the current notifications for any special cases before deciding.
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.
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.