Consistent Export Growth: 11.30% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8487 have grown at a compound annual rate of 11.30% over 7 fiscal years, rising from ₹920.56 Crore in FY 2018-19 to ₹1,749.64 Crore in FY 2024-25.
HSN Sub Chapter 8487 represents Non-electrical machine parts under GST classification. This code helps businesses identify Non-electrical machine parts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8487, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Non-electrical machine parts.
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GST Rate for Non-electrical machine parts under HSN Code 8487. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Non-electrical machine parts.
India’s Exports
FY 2024-25₹1,750 Cr
0.0472% of India’s total exports
India’s Imports
FY 2024-25₹825 Cr
0.0135% of India’s total imports
Trade Balance
FY 2024-25₹924 Cr
Surplus rank #192 of 1233 subchapters
% of Chapter 84
FY 2024-250.62%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.15% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#31 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #63 of 86
At a glance
11.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#288
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+41.50%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.62%
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
+509.03
Exports
920.56 ₹ Cr
0.0401% share
— YoY
0.63% of Ch. 84
Imports
411.53 ₹ Cr
0.0115% share
— YoY
0.13% of Ch. 84
Balance
+492.37
Exports
971.40 ₹ Cr
0.0440% share
+5.52% YoY
0.66% of Ch. 84
Imports
479.03 ₹ Cr
0.0143% share
+16.40% YoY
0.16% of Ch. 84
Balance
+608.35
Exports
907.20 ₹ Cr
0.0422% share
−6.61% YoY
0.65% of Ch. 84
Imports
298.85 ₹ Cr
0.0103% share
−37.61% YoY
0.11% of Ch. 84
Balance
+656.39
Exports
1,081.89 ₹ Cr
0.0345% share
+19.26% YoY
0.57% of Ch. 84
Imports
425.50 ₹ Cr
0.0093% share
+42.38% YoY
0.11% of Ch. 84
Balance
+758.68
Exports
1,530.89 ₹ Cr
0.0423% share
+41.50% YoY
0.69% of Ch. 84
Imports
772.21 ₹ Cr
0.0134% share
+81.48% YoY
0.18% of Ch. 84
Balance
+821.75
Exports
1,551.37 ₹ Cr
0.0429% share
+1.34% YoY
0.62% of Ch. 84
Imports
729.62 ₹ Cr
0.0130% share
−5.52% YoY
0.15% of Ch. 84
Balance
+924.24
Exports
1,749.64 ₹ Cr
0.0472% share
+12.78% YoY
0.62% of Ch. 84
Imports
825.40 ₹ Cr
0.0135% share
+13.13% YoY
0.15% of Ch. 84
CAGR · 7-Year
Exports
11.30% /yr
Imports
12.30% /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 8487 have grown at a compound annual rate of 11.30% over 7 fiscal years, rising from ₹920.56 Crore in FY 2018-19 to ₹1,749.64 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8487 ranks #288 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #31 of 86. By trade surplus, it ranks #192 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8487 was recorded in FY 2022-23, when exports surged by 41.50% over the prior year.
In FY 2024-25, India's exports of ₹1,749.64 Cr exceeded imports of ₹825.40 Cr, resulting in a trade surplus of ₹924.24 Crore — ranking #192 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8487 have grown at 12.30% CAGR, reaching ₹825.40 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8487 ranks #31 by export value — accounting for 0.62% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #63).
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 8487 and GST compliance.
It includes Non-electrical machine parts
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.
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.
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.
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.