8505 HSN Code: Electro, Permanent Magnets, Clutches

HSN Sub Chapter 8505 represents Electro, Permanent Magnets, Clutches under GST classification. This code helps businesses identify Electro, Permanent Magnets, Clutches correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8505, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Electro, Permanent Magnets, Clutches.

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New GST Rate for HSN Code 8505

GST Rate for Electro, Permanent Magnets, Clutches under HSN Code 8505. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

85

HSN Code

8505

HSN Description

Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electromagnetic lifting heads

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 8505

Following tariff HSN codes fall under Electro, Permanent Magnets, Clutches.

Tariff HSN

85051110

Description

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Ferrite cores

Tariff HSN

85051190

Description

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Of metal : Other

Tariff HSN

85051900

Description

Permanent magnets and articles intended to become permanent magnets after magneti-sation: Other

Tariff HSN

85052000

Description

Electro-magnetic couplings, clutches and brakes

Tariff HSN

85053000

Description

Electro-magnets; permanent magnets and articles intended to become permanent magnets after magnetisation; electro-magnetic or permanent magnet chucks, clamps and similar holding devices; electro-magnetic couplings, clutches and brakes; electro-magnetic lifting heads - electro-magnetic lifting heads

Tariff HSN

85059000

Description

Other, including parts

India’s Trade Performance — HSN Sub-Chapter 8505 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

₹462 Cr

+9.28% vs FY 2023-24

0.0125% of India’s total exports

India’s Imports

FY 2024-25

₹3,362 Cr

+10.63% vs FY 2023-24

0.0551% of India’s total imports

Trade Balance

FY 2024-25

−₹2,901 Cr

Trade Deficit

Surplus rank #1063 of 1233 subchapters

% of Chapter 85

FY 2024-25

0.12%

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

Import side: 0.45% of Chapter 85’s imports

Rank Within Chapter 85

FY 2024-25

#35 of 48

Position by export value among subchapters in Chapter 85

Import-side rank: #26 of 48

At a glance

7.28%

Export CAGR

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

#550

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+57.41%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.12%

Contribution to Ch. 85

Share of Chapter 85 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8505

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 #527

Balance

−936.91

Exports

302.90 ₹ Cr

0.0132% share

— YoY

0.34% of Ch. 85

Imports

1,239.81 ₹ Cr

0.0345% share

— YoY

0.34% of Ch. 85

FY 2019-20 Exp. Rank #548

Balance

−863.43

Exports

266.35 ₹ Cr

0.0121% share

−12.07% YoY

0.25% of Ch. 85

Imports

1,129.78 ₹ Cr

0.0337% share

−8.87% YoY

0.32% of Ch. 85

FY 2020-21 Exp. Rank #547

Balance

−1,038.68

Exports

268.09 ₹ Cr

0.0125% share

+0.65% YoY

0.26% of Ch. 85

Imports

1,306.77 ₹ Cr

0.0448% share

+15.67% YoY

0.38% of Ch. 85

FY 2021-22 Exp. Rank #518

Balance

−1,515.32

Exports

422.01 ₹ Cr

0.0134% share

+57.41% YoY

0.28% of Ch. 85

Imports

1,937.33 ₹ Cr

0.0424% share

+48.25% YoY

0.42% of Ch. 85

FY 2022-23 Exp. Rank #536

Balance

−2,377.48

Exports

446.10 ₹ Cr

0.0123% share

+5.71% YoY

0.19% of Ch. 85

Imports

2,823.58 ₹ Cr

0.0491% share

+45.75% YoY

0.52% of Ch. 85

FY 2023-24 Exp. Rank #560

Balance

−2,616.85

Exports

422.42 ₹ Cr

0.0117% share

−5.31% YoY

0.15% of Ch. 85

Imports

3,039.27 ₹ Cr

0.0541% share

+7.64% YoY

0.46% of Ch. 85

FY 2024-25 Exp. Rank #550

Balance

−2,900.79

Exports

461.63 ₹ Cr

0.0125% share

+9.28% YoY

0.12% of Ch. 85

Imports

3,362.42 ₹ Cr

0.0551% share

+10.63% YoY

0.45% of Ch. 85

CAGR · 7-Year

Exports

7.28% /yr

Imports

18.09% /yr

Consistently Deficit
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 8505 Export-Import Analysis

Consistent Export Growth: 7.28% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8505 have grown at a compound annual rate of 7.28% over 7 fiscal years, rising from ₹302.90 Crore in FY 2018-19 to ₹461.63 Crore in FY 2024-25.

HSN Sub-Chapter 8505 Ranked #550 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8505 ranks #550 out of 1233 subchapters by total export value. Within Chapter 85, it ranks #35 of 48. By trade surplus, it ranks #1063 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 8505 Exports

The strongest single-year export movement for HSN Sub-Chapter 8505 was recorded in FY 2021-22, when exports surged by 57.41% over the prior year.

India Records a Trade Deficit of ₹2,900.79 Crore in HSN Sub-Chapter 8505 Goods

In FY 2024-25, India's imports of ₹3,362.42 Cr exceeded exports of ₹461.63 Cr, resulting in a trade deficit of ₹2,900.79 Crore — ranking #1063 of 1233 by surplus magnitude.

Import Growth of 18.09% CAGR Signals Rising Demand for Electro, Permanent Magnets, Clutches

India's imports under HSN Sub-Chapter 8505 have grown at 18.09% CAGR, reaching ₹3,362.42 Crore in FY 2024-25.

HSN Sub-Chapter 8505 Contributes 0.12% of Chapter 85 Exports — Ranked #35

Among the 48 subchapters under Chapter 85, HSN Sub-Chapter 8505 ranks #35 by export value — accounting for 0.12% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.45% share (rank #26).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8505 and GST compliance.

What products are classified under HSN 8505

It includes Electro, Permanent Magnets, Clutches

How do I bill a kit or combo that includes Electro, Permanent Magnets, Clutches?

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.

Can I claim ITC on inputs and services used for Electro, Permanent Magnets, Clutches?

If your outward supply of Electro, Permanent Magnets, Clutches 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.

Any import/export nuance for Electro, Permanent Magnets, Clutches?

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.

Is the composition scheme suitable if I mainly trade Electro, Permanent Magnets, Clutches?

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.

What misclassification mistakes happen with Electro, Permanent Magnets, Clutches?

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.

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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