8503 HSN Code: Machinery parts for headings 8501-8502

HSN Sub Chapter 8503 represents Machinery parts for headings 8501-8502 under GST classification. This code helps businesses identify Machinery parts for headings 8501-8502 correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8503, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Machinery parts for headings 8501-8502.

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New GST Rate for HSN Code 8503

GST Rate for Machinery parts for headings 8501-8502 under HSN Code 8503. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

85

HSN Code

8503

HSN Description

Parts suitable for use solely or principally with the machines of heading 8501 or 8502

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 8503

Following tariff HSN codes fall under Machinery parts for headings 8501-8502.

Tariff HSN

85030010

Description

Parts suitable for use solely or principally with the machines of heading 8501 or 8502: Parts of generator (AC or DC)

Tariff HSN

85030021

Description

Parts suitable for use solely or principally with the machines of heading 8501 or 8502: Parts of electric motor : Of DC motor

Tariff HSN

85030029

Description

Parts suitable for use solely or principally with the machines of heading 8501 or 8502: Parts of electric motor : Other

Tariff HSN

85030090

Description

Parts suitable for use solely or principally with the machines of heading 8501 or 8502: Other

India’s Trade Performance — HSN Sub-Chapter 8503 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹11,520 Cr

+10.45% vs FY 2023-24

0.3111% of India’s total exports

India’s Imports

FY 2024-25

₹6,431 Cr

+16.52% vs FY 2023-24

0.1055% of India’s total imports

Trade Balance

FY 2024-25

₹5,090 Cr

Trade Surplus

Surplus rank #71 of 1233 subchapters

% of Chapter 85

FY 2024-25

3.08%

Share of Chapter 85’s total exports in FY 2024-25

Import side: 0.86% of Chapter 85’s imports

Rank Within Chapter 85

FY 2024-25

#4 of 48

Position by export value among subchapters in Chapter 85

Import-side rank: #20 of 48

At a glance

19.47%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#52

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+52.08%

Peak Growth Year

FY 2022-23 · strongest single-year move

3.08%

Contribution to Ch. 85

Share of Chapter 85 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8503

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #107

Balance

+219.47

Exports

3,962.96 ₹ Cr

0.1727% share

— YoY

4.44% of Ch. 85

Imports

3,743.49 ₹ Cr

0.1042% share

— YoY

1.03% of Ch. 85

FY 2019-20 Exp. Rank #71

Balance

+1,698.46

Exports

5,549.56 ₹ Cr

0.2513% share

+40.04% YoY

5.15% of Ch. 85

Imports

3,851.10 ₹ Cr

0.1148% share

+2.87% YoY

1.11% of Ch. 85

FY 2020-21 Exp. Rank #73

Balance

+2,371.90

Exports

5,398.87 ₹ Cr

0.2510% share

−2.72% YoY

5.14% of Ch. 85

Imports

3,026.97 ₹ Cr

0.1039% share

−21.40% YoY

0.88% of Ch. 85

FY 2021-22 Exp. Rank #89

Balance

+1,710.98

Exports

6,250.64 ₹ Cr

0.1992% share

+15.78% YoY

4.15% of Ch. 85

Imports

4,539.66 ₹ Cr

0.0993% share

+49.97% YoY

0.97% of Ch. 85

FY 2022-23 Exp. Rank #61

Balance

+3,813.19

Exports

9,505.79 ₹ Cr

0.2625% share

+52.08% YoY

4.12% of Ch. 85

Imports

5,692.60 ₹ Cr

0.0990% share

+25.40% YoY

1.05% of Ch. 85

FY 2023-24 Exp. Rank #55

Balance

+4,911.85

Exports

10,430.79 ₹ Cr

0.2883% share

+9.73% YoY

3.66% of Ch. 85

Imports

5,518.94 ₹ Cr

0.0983% share

−3.05% YoY

0.84% of Ch. 85

FY 2024-25 Exp. Rank #52

Balance

+5,089.73

Exports

11,520.47 ₹ Cr

0.3111% share

+10.45% YoY

3.08% of Ch. 85

Imports

6,430.74 ₹ Cr

0.1055% share

+16.52% YoY

0.86% of Ch. 85

CAGR · 7-Year

Exports

19.47% /yr

Imports

9.44% /yr

Consistently Surplus
Chapter 85 total

reference, FY 2024-25

Export

₹3,73,532.09 Cr

Import

₹7,49,913.76 Cr

Trade Balance

−3,76,381.67

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 8503 Export-Import Analysis

Consistent Export Growth: 19.47% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8503 have grown at a compound annual rate of 19.47% over 7 fiscal years, rising from ₹3,962.96 Crore in FY 2018-19 to ₹11,520.47 Crore in FY 2024-25.

HSN Sub-Chapter 8503 Ranked #52 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8503 ranks #52 out of 1233 subchapters by total export value. Within Chapter 85, it ranks #4 of 48. By trade surplus, it ranks #71 of 1233.

FY 2022-23 Was the Strongest Growth Year for HSN Sub-Chapter 8503 Exports

The strongest single-year export movement for HSN Sub-Chapter 8503 was recorded in FY 2022-23, when exports surged by 52.08% over the prior year.

India Maintains a Trade Surplus of ₹5,089.73 Crore in HSN Sub-Chapter 8503 Goods

In FY 2024-25, India's exports of ₹11,520.47 Cr exceeded imports of ₹6,430.74 Cr, resulting in a trade surplus of ₹5,089.73 Crore — ranking #71 of 1233 by surplus magnitude.

Import Growth of 9.44% CAGR Signals Stable Import Dependency for Machinery parts for headings 8501-8502

India's imports under HSN Sub-Chapter 8503 have grown at 9.44% CAGR, reaching ₹6,430.74 Crore in FY 2024-25.

HSN Sub-Chapter 8503 Contributes 3.08% of Chapter 85 Exports — Ranked #4

Among the 48 subchapters under Chapter 85, HSN Sub-Chapter 8503 ranks #4 by export value — accounting for 3.08% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.86% share (rank #20).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8503 and GST compliance.

What products are classified under HSN 8503

It includes Machinery parts for headings 8501-8502

Is the composition scheme suitable if I mainly trade Machinery parts for headings 8501-8502?

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.

Can reverse charge ever apply to transactions involving Machinery parts for headings 8501-8502?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Machinery parts for headings 8501-8502 are forward charge. Check the current notifications for any special cases before deciding.

What are the e‑way bill and e‑invoice points while moving Machinery parts for headings 8501-8502?

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.

Any import/export nuance for Machinery parts for headings 8501-8502?

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.

Can I claim ITC on inputs and services used for Machinery parts for headings 8501-8502?

If your outward supply of Machinery parts for headings 8501-8502 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.

What should my invoice and records include for Machinery parts for headings 8501-8502?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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