Consistent Export Growth: 7.22% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8473 have grown at a compound annual rate of 7.22% over 7 fiscal years, rising from ₹2,023.00 Crore in FY 2018-19 to ₹3,073.03 Crore in FY 2024-25.
HSN Sub Chapter 8473 represents Machine Parts & Accessories under GST classification. This code helps businesses identify Machine Parts & Accessories correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8473, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Machine Parts & Accessories.
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GST Rate for Machine Parts & Accessories under HSN Code 8473. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Machine Parts & Accessories.
Tariff HSN
Description
Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 8469 to 8472 parts and accessories of the machines of heading 8469
Tariff HSN
Description
Parts and accessories of the machines of heading 8470 : Of the electronic calculating machines of sub-heading 8470 10, 8470 21 or 8471 29
Tariff HSN
Description
Parts and accessories of the machines of heading 8470 : Other
Tariff HSN
Description
Parts and accessories of the machines of heading 8471 : Microprocessors
Tariff HSN
Description
Parts and accessories of the machines of heading 8471 : Motherboards
Tariff HSN
Description
Parts and accessories of the machines of heading 8471 : Other mounted printed circuit boards
Tariff HSN
Description
Parts and accessories of the machines of heading 8471 : Head stack
Tariff HSN
Description
Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 8469 to 8472 - parts and accessories of the machines of heading 8471: ink cartridges with print head assembly
Tariff HSN
Description
Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 8469 to 8472 - parts and accessories of the machines of heading 8471: ink spray nozzle
Tariff HSN
Description
Parts and accessories of the machines of heading 8471 : Other : Network access controllers
Tariff HSN
Description
Parts and accessories of the machines of heading 8471 : Other : Graphic and intelligence based script technology (GIST) cards for multilingual computers
Tariff HSN
Description
Parts and accessories of the machines of heading 8471 : Other : Other
Tariff HSN
Description
Parts and accessories of the machines of heading 8472 : Parts of duplicating, hectograph or stencil machines
Tariff HSN
Description
Parts and accessories of the machines of heading 8472 : Other
Tariff HSN
Description
Parts and accessories equally suitable for use with machines of two or more of the headings 8469 to 8472
India’s Exports
FY 2024-25₹3,073 Cr
0.0830% of India’s total exports
India’s Imports
FY 2024-25₹25,133 Cr
0.4121% of India’s total imports
Trade Balance
FY 2024-25−₹22,060 Cr
Surplus rank #1185 of 1233 subchapters
% of Chapter 84
FY 2024-251.08%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 4.62% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#20 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #4 of 86
At a glance
7.22%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#202
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+37.74%
Peak Growth Year
FY 2022-23 · strongest single-year move
1.08%
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
−9,103.45
Exports
2,023.00 ₹ Cr
0.0881% share
— YoY
1.38% of Ch. 84
Imports
11,126.45 ₹ Cr
0.3098% share
— YoY
3.63% of Ch. 84
Balance
−9,010.01
Exports
2,264.05 ₹ Cr
0.1025% share
+11.92% YoY
1.53% of Ch. 84
Imports
11,274.06 ₹ Cr
0.3361% share
+1.33% YoY
3.67% of Ch. 84
Balance
−9,718.85
Exports
1,685.80 ₹ Cr
0.0784% share
−25.54% YoY
1.20% of Ch. 84
Imports
11,404.65 ₹ Cr
0.3914% share
+1.16% YoY
4.16% of Ch. 84
Balance
−16,159.93
Exports
1,986.49 ₹ Cr
0.0633% share
+17.84% YoY
1.05% of Ch. 84
Imports
18,146.42 ₹ Cr
0.3970% share
+59.11% YoY
4.81% of Ch. 84
Balance
−18,323.06
Exports
2,736.22 ₹ Cr
0.0756% share
+37.74% YoY
1.24% of Ch. 84
Imports
21,059.28 ₹ Cr
0.3663% share
+16.05% YoY
4.82% of Ch. 84
Balance
−20,009.17
Exports
2,258.28 ₹ Cr
0.0624% share
−17.47% YoY
0.91% of Ch. 84
Imports
22,267.45 ₹ Cr
0.3965% share
+5.74% YoY
4.68% of Ch. 84
Balance
−22,059.80
Exports
3,073.03 ₹ Cr
0.0830% share
+36.08% YoY
1.08% of Ch. 84
Imports
25,132.83 ₹ Cr
0.4121% share
+12.87% YoY
4.62% of Ch. 84
CAGR · 7-Year
Exports
7.22% /yr
Imports
14.55% /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 8473 have grown at a compound annual rate of 7.22% over 7 fiscal years, rising from ₹2,023.00 Crore in FY 2018-19 to ₹3,073.03 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8473 ranks #202 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #20 of 86. By trade surplus, it ranks #1185 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8473 was recorded in FY 2022-23, when exports surged by 37.74% over the prior year.
In FY 2024-25, India's imports of ₹25,132.83 Cr exceeded exports of ₹3,073.03 Cr, resulting in a trade deficit of ₹22,059.80 Crore — ranking #1185 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8473 have grown at 14.55% CAGR, reaching ₹25,132.83 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8473 ranks #20 by export value — accounting for 1.08% of the chapter's total exports in FY 2024-25. On the import side, it holds 4.62% share (rank #4).
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 8473 and GST compliance.
It includes Machine Parts & Accessories
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.
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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Machine Parts & Accessories are forward charge. Check the current notifications for any special cases before deciding.
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.