Punching Machine HSN Code and GST Rate
The HSN (Harmonized System Nomenclature) code and GST rate for punching machines are as follows:
HSN Code: 8462
This HSN code is for "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."
GST Rate: The GST rate applicable on
punching machines is 18%.
This HSN code (8462) covers punching
machines used for various metalworking operations. The GST rate of 18% is
applicable on these machines under the GST regime in India.
