HSN CODE - 84623100 : NUMRCLY CONTRLLD SHEARNG MCHNS(INCL PRSSES),EXCL COMBND PUNCHNG AND SHEARNG MCHN

Harmonised System of Nomenclature (HSN Codes) 84623100 are used for the NUMRCLY CONTRLLD SHEARNG MCHNS(INCL PRSSES),EXCL COMBND PUNCHNG AND SHEARNG MCHN products under Goods and Service Tax classification.

India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.

Understanding HSN Code 84623100

First two digits (84) represent the chapter number which is Chapter 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.

Next two digits (62) represent the heading number which is MACHINE-TOOLS (INCLUDING PRESSES) FOR WORKING METAL BY FORGING, HAMMERING OR DIE-STAMPING; MACHINE-TOOLS (INCLUDING PRESSES) FOR WORKING METAL BY BENDING, FOLDING STRAIGHTENING, FLATTENING, SHEARING, PUNCHING OR NOTCHING; PRESSES FOR WORKING METAL OR METAL CARBIDES, NOT SPECIFIED ABOVE

Next two digits (31) represent the product code which is Shearing machines (including presses), other than combined punching and shearing machines

Last two digits (00) are for final or deeper classification which is NUMRCLY CONTRLLD SHEARNG MCHNS(INCL PRSSES),EXCL COMBND PUNCHNG AND SHEARNG MCHN

All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.