---
title: "HSN Code for Floating Structures, Ships, Boats | HSN Chapter 89 - BUSY"
description: "Get accurate GST rates, HSN codes and case laws for Floating Structures, Ships, Boats (Chapter 89) with BUSY.in - your trusted source for HSN tariff details."
canonical: "https://busy.in/hsn/chapter-89/"
---

# HSN Chapter 89: Floating Structures, Ships, Boats

Ships, boats and floating structures

Part of [Section 17: Guide to HSN Section 17](https://busy.in/hsn/section-17/).

## Sub-chapters

| Code | Title | GST rate |
| --- | --- | --- |
| 8901 | [Cruise & Cargo Ships](https://busy.in/hsn/sub-chapter-8901/) | 5% |
| 8902 | [Fishing Vessels](https://busy.in/hsn/sub-chapter-8902/) | 5% |
| 8903 | [Pleasure Yachts & Boats](https://busy.in/hsn/sub-chapter-8903/) | 18% |
| 8904 | [Tugs & Pusher Craft](https://busy.in/hsn/sub-chapter-8904/) | 5% |
| 8905 | [Vessels, floating docks & platforms](https://busy.in/hsn/sub-chapter-8905/) | 28% |
| 8906 | [Vessels and warships](https://busy.in/hsn/sub-chapter-8906/) | 5% |
| 8907 | [Floating structures & buoys](https://busy.in/hsn/sub-chapter-8907/) | 5% |
| 8908 | [Vessels for breaking up](https://busy.in/hsn/sub-chapter-8908/) | 5% |

## India's trade performance: HSN Chapter 89 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹36,177 Cr (+7.69% YoY) — 0.9768% of India's total exports
- Imports: ₹39,208 Cr (+26.10% YoY) — 0.6430% of India's total imports
- Trade balance: −₹3,032 Cr (Deficit); surplus rank #64 of 97 chapters

### Key metrics

- Export CAGR: -1.35% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #23 of 97 chapters by export value (FY 2024-25)
- Peak growth year: +20.29% in FY 2022-23
- Export growth (7Y): 0.9x (₹39,258.94 Cr to ₹36,176.60 Cr)

## India export-import trade statistics: HSN Chapter 89

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Imports (₹ Cr) | Imp share | Imp YoY | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 39,258.94 | 1.7020% | — | 40,793.07 | 1.1349% | — | −1,534.13 | #17 |
| FY 2019-20 | 32,123.25 | 1.4480% | −18.18% | 40,435.46 | 1.2032% | −0.88% | −8,312.21 | #19 |
| FY 2020-21 | 33,464.89 | 1.5505% | +4.18% | 30,946.42 | 1.0613% | −23.47% | +2,518.47 | #20 |
| FY 2021-22 | 26,975.95 | 0.8573% | −19.39% | 31,571.29 | 0.6904% | +2.02% | −4,595.34 | #24 |
| FY 2022-23 | 32,450.04 | 0.8962% | +20.29% | 56,908.57 | 0.9898% | +80.25% | −24,458.53 | #23 |
| FY 2023-24 | 33,594.80 | 0.9285% | +3.53% | 31,093.09 | 0.5537% | −45.36% | +2,501.71 | #23 |
| FY 2024-25 | 36,176.60 | 0.9768% | +7.69% | 39,208.37 | 0.6430% | +26.10% | −3,031.77 | #23 |

- CAGR (7-year): exports -1.35%/yr, imports -0.66%/yr (consistently Deficit)

## Key trade insights: HSN Chapter 89 export-import analysis

### Export decline: -1.35% CAGR over 7 years

India's exports under HSN Chapter 89 have declined at a compound annual rate of -1.35% over 7 fiscal years, falling from ₹39,258.94 Crore in FY 2018-19 to ₹36,176.60 Crore in FY 2024-25.

### HSN Chapter 89 ranked #23 among all 97 chapters by export value

In FY 2024-25, HSN Chapter 89 ranks #23 out of 97 chapters by total export value. By trade surplus, it ranks #64 of 97.

### FY 2022-23 was the strongest growth year for HSN Chapter 89 exports

The strongest single-year export movement for HSN Chapter 89 was recorded in FY 2022-23, when exports surged by 20.29% over the prior year.

### India records a trade deficit of ₹3,031.77 Crore in HSN Chapter 89 goods

In FY 2024-25, India's imports of ₹39,208.37 Cr exceeded exports of ₹36,176.60 Cr, resulting in a trade deficit of ₹3,031.77 Crore — ranking #64 of 97 by surplus magnitude.

### Import growth of -0.66% CAGR signals stable import dependency for Floating Structures, Ships, Boats

India's imports under HSN Chapter 89 have grown at -0.66% CAGR, reaching ₹39,208.37 Crore in FY 2024-25.

## Related HSN Chapters in Section 17

Ranked by export value (FY 2024-25).

| Rank | HSN Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Chapter 87: Vehicles Other Than Tramway/Railway Rolling Stock](https://busy.in/hsn/chapter-87/) | ₹1,91,609 Cr |
| #2 | [HSN Chapter 88: Aircraft, Spacecraft, Its Parts](https://busy.in/hsn/chapter-88/) | ₹58,844 Cr |
| #3 | HSN Chapter 89: Floating Structures, Ships, Boats (this hsn chapter) | ₹36,177 Cr |
| #4 | [HSN Chapter 86: Tramway/Railway Locomotives & Rolling Stock](https://busy.in/hsn/chapter-86/) | ₹3,019 Cr |

## Other chapters in this section

| Code | Title |
| --- | --- |
| 86 | [Tramway/Railway Locomotives & Rolling Stock](https://busy.in/hsn/chapter-86/) |
| 87 | [Vehicles Other Than Tramway/Railway Rolling Stock](https://busy.in/hsn/chapter-87/) |
| 88 | [Aircraft, Spacecraft, Its Parts](https://busy.in/hsn/chapter-88/) |