HSN Code 84061000: Turbines For Marine Propulsion

HSN Code 84061000 represents Turbines For Marine Propulsion under GST classification. This code helps businesses identify Turbines For Marine Propulsion correctly for billing, taxation, and trade. With HSN Code 84061000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Turbines For Marine Propulsion.

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Description of Goods for HSN Code 84061000

HSN Code 84061000 relates to the following description.

Description of Goods

Turbines for marine propulsion

Chapter

84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

Sub Chapter

8406 - Steam turbines and other vapour turbines

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 84061000 not include?

Turbines For Marine Propulsion does not include products with the following descriptions.

India’s Trade Performance — HSN Code 84061000 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹2 Cr

+14.90% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

−82.66% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹8 Cr

Trade Deficit

Surplus rank #8875 of 12657 HSN codes

% of Sub-Chapter 8406

FY 2024-25

0.19%

Share of Sub-Chapter 8406’s total exports in FY 2024-25

Import side: 1.33% of Sub-Chapter 8406’s imports

Rank Within Sub-Chapter 8406

FY 2024-25

#4 of 4

Position by export value among HSN codes in Sub-Chapter 8406

Import-side rank: #3 of 4

At a glance

−23.65%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#7440

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+1,858.82%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.19%

Contribution to Sub-Ch. 8406

Share of Sub-Chapter 8406 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 84061000

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

FY 2018-19 Exp. Rank #4769

Balance

+11.67

Exports

12.07 ₹ Cr

0.0005% share

— YoY

0.68% of Sub-Ch. 8406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.06% of Sub-Ch. 8406

FY 2019-20 Exp. Rank #1455

Balance

+166.00

Exports

171.40 ₹ Cr

0.0078% share

+1,320.05% YoY

12.17% of Sub-Ch. 8406

Imports

5.40 ₹ Cr

0.0002% share

+1,250.00% YoY

0.67% of Sub-Ch. 8406

FY 2020-21 Exp. Rank #2671

Balance

+49.35

Exports

60.15 ₹ Cr

0.0028% share

−64.91% YoY

2.88% of Sub-Ch. 8406

Imports

10.80 ₹ Cr

0.0004% share

+100.00% YoY

0.95% of Sub-Ch. 8406

FY 2021-22 Exp. Rank #9282

Balance

−5.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.72% YoY

0.01% of Sub-Ch. 8406

Imports

5.22 ₹ Cr

0.0001% share

−51.67% YoY

0.48% of Sub-Ch. 8406

FY 2022-23 Exp. Rank #6890

Balance

+3.19

Exports

3.33 ₹ Cr

0.0001% share

+1,858.82% YoY

0.29% of Sub-Ch. 8406

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−97.32% YoY

0.02% of Sub-Ch. 8406

FY 2023-24 Exp. Rank #7537

Balance

−55.52

Exports

2.08 ₹ Cr

0.0001% share

−37.54% YoY

0.17% of Sub-Ch. 8406

Imports

57.60 ₹ Cr

0.0010% share

+41,042.86% YoY

6.91% of Sub-Ch. 8406

FY 2024-25 Exp. Rank #7440

Balance

−7.60

Exports

2.39 ₹ Cr

0.0001% share

+14.90% YoY

0.19% of Sub-Ch. 8406

Imports

9.99 ₹ Cr

0.0002% share

−82.66% YoY

1.33% of Sub-Ch. 8406

CAGR · 7-Year

Exports

−23.65% /yr

Imports

70.97% /yr

Consistently Deficit
Sub-Chapter 8406 total

reference, FY 2024-25

Export

₹1,281.83 Cr

Import

₹753.18 Cr

Trade Balance

+528.65

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 84061000 Export-Import Analysis

Export Decline: −23.65% CAGR Over 7 Years

India's exports under HSN Code 84061000 have declined at a compound annual rate of −23.65% over 7 fiscal years, falling from ₹12.07 Crore in FY 2018-19 to ₹2.39 Crore in FY 2024-25.

HSN Code 84061000 Ranked #7440 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 84061000 ranks #7440 out of 12657 HSN codes by total export value. Within Sub-Chapter 8406, it ranks #4 of 4. By trade surplus, it ranks #8875 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 84061000 Exports

The strongest single-year export movement for HSN Code 84061000 was recorded in FY 2022-23, when exports surged by 1,858.82% over the prior year.

India Records a Trade Deficit of ₹7.60 Crore in HSN Code 84061000 Goods

In FY 2024-25, India's imports of ₹9.99 Cr exceeded exports of ₹2.39 Cr, resulting in a trade deficit of ₹7.60 Crore — ranking #8875 of 12657 by surplus magnitude.

Import Growth of 70.97% CAGR Signals Rising Demand for Turbines For Marine Propulsion

India's imports under HSN Code 84061000 have grown at 70.97% CAGR, reaching ₹9.99 Crore in FY 2024-25.

HSN Code 84061000 Contributes 0.19% of Sub-Chapter 8406 Exports — Ranked #4

Among the 4 HSN codes under Sub-Chapter 8406, HSN Code 84061000 ranks #4 by export value — accounting for 0.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.33% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 84061000 and GST compliance.

What products are classified under HSN 84061000 ?

It includes Marine propulsion engines: Outboard motors

Any common misclassification issue with Turbines For Marine Propulsion?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Turbines For Marine Propulsion?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

Does packaging or labelling change the GST for Turbines For Marine Propulsion?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Can we claim ITC on inputs used to trade Turbines For Marine Propulsion?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How should mixed supplies be billed when Turbines For Marine Propulsion is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Turbines For Marine Propulsion; Nil for exempt items if applicable).

How much GST applies to Turbines For Marine Propulsion?

Under HSN 84061000, Turbines For Marine Propulsion attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.