Press machine HSN Code

Understand the Right HSN Code for Your Press Machine

Press machines are versatile pieces of industrial equipment used for a wide range of applications, including forming, cutting, and assembling materials. Whether you deal in hydraulic presses, mechanical presses, or press brakes, understanding the correct HSN code is crucial for seamless GST compliance. Let’s delve into the HSN codes and GST rates for these powerful machines.

Classify Your Press Machine

Press machines, particularly those for working with metal, are classified under Chapter 84 of the Harmonized System of Nomenclature (HSN), which is dedicated to “Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.”

The primary HSN code for these machines is 8462. This heading encompasses a variety of machine-tools, including presses for:

• Forging, hammering, or die-stamping
• Bending, folding, straightening, or flattening
• Shearing, punching, or notching

The specific 8-digit HSN code depends on the machine’s function and control system. Your data provides several examples:

• 84622300: Numerically Controlled Press Brakes. This is a highly specific code for modern, automated press brakes.
• 84629913: Vertical gap ofc frame presses.
• 84621011: Forging or die-stamping machines and presses.
• 84629970: Coining presses.
• 84629915: Vertical forging presses.
• 84621014: Hammers with a double-acting counter-blow.
• 84621011: Another code for forging and die-stamping machines.
• 84621020: Other forging machines.
• 84623910: Plate and sheet shears.

It’s clear from these codes that a press machine is categorized based on what it does and how it is operated. For instance, a numerically controlled press brake has a distinct HSN code from a standard mechanical press.

Understand the Applicable GST Rate

The GST rate for most press machines, as indicated by the data, is a standard 18%. This rate applies to the machine itself, regardless of its specific type or control system, as long as it falls under HSN 8462.

The data also includes other machinery under Chapter 84, such as weighing machines (8423), flour mills (8437), and grinding machines (8460), all of which also have an 18% GST rate. A sewing machine (8452), however, has a different rate of 12%. This highlights the importance of checking the specific HSN code for each item.

Remember the Tools and Accessories

It is important to classify the press machine separately from its parts, accessories, and tools. Your data also provides HSN codes for these:

• 84663010 / 84663090: These codes cover “Parts and accessories suitable for use solely or principally with the machines of headings 8456 to 8465,” which includes press machines.
• 82074090: This code is for “Interchangeable Tools for… pressing, stamping, punching,” etc.

Both the machine and its accessories generally attract an 18% GST rate.

Claim Input Tax Credit (ITC)

For a GST-registered business, a press machine is a capital asset. This means you can claim Input Tax Credit (ITC) on the GST paid on its purchase. To ensure a smooth ITC claim, make sure the supplier’s invoice is GST-compliant and includes the correct HSN code.

By accurately classifying your press machine, you can ensure your business remains compliant with GST regulations, contributing to a seamless and efficient tax process.