Machine-tools (including presses) for working metal by forging, hammering or die forging (excluding rolling mills); Machine- tools
Under the Harmonized System of Nomenclature (HSN), the code 8462 specifically identifies machine-tools (including presses) for working metal by forging, hammering or die forging (excluding rolling mills); machine- tools for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.
"Classifying machine-tools (including presses) for working metal by forging, hammering or die forging (excluding rolling mills); machine- tools correctly is critical to avoid litigation. While the base rate is 18%, always check for anti-dumping duties if importing, especially under the Machinery category. AasanKhata automatically monitors these shifts for you."