Consistent Export Growth: 10.58% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 9033 have grown at a compound annual rate of 10.58% over 7 fiscal years, rising from ₹556.48 Crore in FY 2018-19 to ₹1,017.56 Crore in FY 2024-25.
HSN Sub Chapter 9033 represents Machine Parts under GST classification. This code helps businesses identify Machine Parts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 9033, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Machine Parts.
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GST Rate for Machine Parts under HSN Code 9033. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Machine Parts.
Tariff HSN
Description
Parts and accessories (not specified or included elsewhere in this chapter) for machines, appliances, instruments or apparatus of chapter 90
India’s Exports
FY 2024-25₹1,018 Cr
0.0275% of India’s total exports
India’s Imports
FY 2024-25₹1,573 Cr
0.0258% of India’s total imports
Trade Balance
FY 2024-25−₹556 Cr
Surplus rank #880 of 1233 subchapters
% of Chapter 90
FY 2024-252.27%
Share of Chapter 90’s total exports in FY 2024-25
Import side: 1.34% of Chapter 90’s imports
Rank Within Chapter 90
FY 2024-25#12 of 32
Position by export value among subchapters in Chapter 90
Import-side rank: #14 of 32
At a glance
10.58%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#385
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+34.77%
Peak Growth Year
FY 2022-23 · strongest single-year move
2.27%
Contribution to Ch. 90
Share of Chapter 90 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
−464.14
Exports
556.48 ₹ Cr
0.0242% share
— YoY
2.44% of Ch. 90
Imports
1,020.62 ₹ Cr
0.0284% share
— YoY
1.52% of Ch. 90
Balance
−354.23
Exports
466.65 ₹ Cr
0.0211% share
−16.14% YoY
1.95% of Ch. 90
Imports
820.88 ₹ Cr
0.0245% share
−19.57% YoY
1.25% of Ch. 90
Balance
−362.79
Exports
463.42 ₹ Cr
0.0215% share
−0.69% YoY
1.91% of Ch. 90
Imports
826.21 ₹ Cr
0.0284% share
+0.65% YoY
1.30% of Ch. 90
Balance
−506.45
Exports
576.45 ₹ Cr
0.0184% share
+24.39% YoY
1.94% of Ch. 90
Imports
1,082.90 ₹ Cr
0.0237% share
+31.07% YoY
1.28% of Ch. 90
Balance
−483.34
Exports
776.90 ₹ Cr
0.0215% share
+34.77% YoY
2.02% of Ch. 90
Imports
1,260.24 ₹ Cr
0.0219% share
+16.38% YoY
1.34% of Ch. 90
Balance
−789.02
Exports
766.90 ₹ Cr
0.0212% share
−1.29% YoY
1.86% of Ch. 90
Imports
1,555.92 ₹ Cr
0.0277% share
+23.46% YoY
1.45% of Ch. 90
Balance
−555.87
Exports
1,017.56 ₹ Cr
0.0275% share
+32.68% YoY
2.27% of Ch. 90
Imports
1,573.43 ₹ Cr
0.0258% share
+1.13% YoY
1.34% of Ch. 90
CAGR · 7-Year
Exports
10.58% /yr
Imports
7.48% /yr
reference, FY 2024-25
Export
₹44,741.39 Cr
Import
₹1,17,087.09 Cr
Trade Balance
−72,345.70
India's exports under HSN Sub-Chapter 9033 have grown at a compound annual rate of 10.58% over 7 fiscal years, rising from ₹556.48 Crore in FY 2018-19 to ₹1,017.56 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 9033 ranks #385 out of 1233 subchapters by total export value. Within Chapter 90, it ranks #12 of 32. By trade surplus, it ranks #880 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 9033 was recorded in FY 2022-23, when exports surged by 34.77% over the prior year.
In FY 2024-25, India's imports of ₹1,573.43 Cr exceeded exports of ₹1,017.56 Cr, resulting in a trade deficit of ₹555.87 Crore — ranking #880 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 9033 have grown at 7.48% CAGR, reaching ₹1,573.43 Crore in FY 2024-25.
Among the 32 subchapters under Chapter 90, HSN Sub-Chapter 9033 ranks #12 by export value — accounting for 2.27% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.34% share (rank #14).
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 9033 and GST compliance.
It includes Machine Parts
If your outward supply of Machine Parts 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.
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.
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.
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.
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.