Consistent Export Growth: 8.46% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8477 have grown at a compound annual rate of 8.46% over 7 fiscal years, rising from ₹2,109.45 Crore in FY 2018-19 to ₹3,433.26 Crore in FY 2024-25.
HSN Sub Chapter 8477 represents Rubber & Plastic Machines under GST classification. This code helps businesses identify Rubber & Plastic Machines correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8477, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rubber & Plastic Machines.
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GST Rate for Rubber & Plastic Machines under HSN Code 8477. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Rubber & Plastic Machines.
Tariff HSN
Description
Injection-moulding machines
Tariff HSN
Description
Extruders
Tariff HSN
Description
Blow moulding machines
Tariff HSN
Description
Vacuum moulding machines and other thermoforming machines
Tariff HSN
Description
Other machinery for moulding or otherwise forming : For moulding or retreading pneumatic tyres or for moulding or otherwise forming inner tubes
Tariff HSN
Description
Other machinery for moulding or otherwise forming : Other
Tariff HSN
Description
Other machinery : Machinery for making rubber goods
Tariff HSN
Description
Other machinery : Other
Tariff HSN
Description
Parts
India’s Exports
FY 2024-25₹3,433 Cr
0.0927% of India’s total exports
India’s Imports
FY 2024-25₹15,247 Cr
0.2500% of India’s total imports
Trade Balance
FY 2024-25−₹11,813 Cr
Surplus rank #1161 of 1233 subchapters
% of Chapter 84
FY 2024-251.21%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 2.80% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#19 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #9 of 86
At a glance
8.46%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#185
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+23.95%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.21%
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
−5,616.75
Exports
2,109.45 ₹ Cr
0.0919% share
— YoY
1.44% of Ch. 84
Imports
7,726.20 ₹ Cr
0.2152% share
— YoY
2.52% of Ch. 84
Balance
−7,352.41
Exports
2,103.40 ₹ Cr
0.0952% share
−0.29% YoY
1.42% of Ch. 84
Imports
9,455.81 ₹ Cr
0.2819% share
+22.39% YoY
3.08% of Ch. 84
Balance
−3,920.88
Exports
2,156.09 ₹ Cr
0.1002% share
+2.51% YoY
1.54% of Ch. 84
Imports
6,076.97 ₹ Cr
0.2086% share
−35.73% YoY
2.22% of Ch. 84
Balance
−7,804.16
Exports
2,672.38 ₹ Cr
0.0852% share
+23.95% YoY
1.41% of Ch. 84
Imports
10,476.54 ₹ Cr
0.2292% share
+72.40% YoY
2.78% of Ch. 84
Balance
−7,387.87
Exports
2,867.38 ₹ Cr
0.0792% share
+7.30% YoY
1.30% of Ch. 84
Imports
10,255.25 ₹ Cr
0.1784% share
−2.11% YoY
2.35% of Ch. 84
Balance
−8,508.43
Exports
3,143.08 ₹ Cr
0.0869% share
+9.62% YoY
1.26% of Ch. 84
Imports
11,651.51 ₹ Cr
0.2075% share
+13.62% YoY
2.45% of Ch. 84
Balance
−11,813.29
Exports
3,433.26 ₹ Cr
0.0927% share
+9.23% YoY
1.21% of Ch. 84
Imports
15,246.55 ₹ Cr
0.2500% share
+30.85% YoY
2.80% of Ch. 84
CAGR · 7-Year
Exports
8.46% /yr
Imports
12.00% /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 8477 have grown at a compound annual rate of 8.46% over 7 fiscal years, rising from ₹2,109.45 Crore in FY 2018-19 to ₹3,433.26 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8477 ranks #185 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #19 of 86. By trade surplus, it ranks #1161 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8477 was recorded in FY 2021-22, when exports surged by 23.95% over the prior year.
In FY 2024-25, India's imports of ₹15,246.55 Cr exceeded exports of ₹3,433.26 Cr, resulting in a trade deficit of ₹11,813.29 Crore — ranking #1161 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8477 have grown at 12.00% CAGR, reaching ₹15,246.55 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8477 ranks #19 by export value — accounting for 1.21% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.80% share (rank #9).
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 8477 and GST compliance.
It includes Rubber & Plastic Machines
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.
If your outward supply of Rubber & Plastic Machines 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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Rubber & Plastic Machines are forward charge. Check the current notifications for any special cases before deciding.