HSN Code 84271000: Electric self-propelled trucks
HSN Code 84271000 represents Electric self-propelled trucks under GST classification. This code helps businesses identify Electric self-propelled trucks correctly for billing, taxation, and trade. With HSN Code 84271000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Electric self-propelled trucks.
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Description of Goods for HSN Code 84271000
HSN Code 84271000 relates to the following description.
What does HSN Code 84271000 not include?
Electric self-propelled trucks does not include products with the following descriptions.
Other self-propelled trucks
Other trucks
India’s Trade Performance — HSN Code 84271000 in FY 2024-25
India’s Exports
FY 2024-25₹746 Cr
0.0203% of India’s total exports
India’s Imports
FY 2024-25₹1,009 Cr
0.0166% of India’s total imports
Trade Balance
FY 2024-25−₹264 Cr
Surplus rank #11520 of 12657 HSN codes
% of Sub-Chapter 8427
FY 2024-2535.73%
Share of Sub-Chapter 8427’s total exports in FY 2024-25
Import side: 48.53% of Sub-Chapter 8427’s imports
Rank Within Sub-Chapter 8427
FY 2024-25#2 of 3
Position by export value among HSN codes in Sub-Chapter 8427
Import-side rank: #1 of 3
At a glance
62.66%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#689
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+356.63%
Peak Growth Year
FY 2023-24 · strongest single-year move
35.73%
Contribution to Sub-Ch. 8427
Share of Sub-Chapter 8427 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 84271000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−345.12
Exports
40.26 ₹ Cr
0.0018% share
— YoY
43.89% of Sub-Ch. 8427
Imports
385.38 ₹ Cr
0.0108% share
— YoY
36.71% of Sub-Ch. 8427
Balance
−195.14
Exports
150.14 ₹ Cr
0.0068% share
+272.93% YoY
74.02% of Sub-Ch. 8427
Imports
345.28 ₹ Cr
0.0103% share
−10.41% YoY
39.00% of Sub-Ch. 8427
Balance
−217.35
Exports
82.71 ₹ Cr
0.0038% share
−44.91% YoY
57.61% of Sub-Ch. 8427
Imports
300.06 ₹ Cr
0.0103% share
−13.10% YoY
44.41% of Sub-Ch. 8427
Balance
−302.37
Exports
154.03 ₹ Cr
0.0049% share
+86.23% YoY
51.25% of Sub-Ch. 8427
Imports
456.40 ₹ Cr
0.0100% share
+52.10% YoY
45.34% of Sub-Ch. 8427
Balance
−290.11
Exports
378.69 ₹ Cr
0.0105% share
+145.85% YoY
55.02% of Sub-Ch. 8427
Imports
668.80 ₹ Cr
0.0116% share
+46.54% YoY
51.10% of Sub-Ch. 8427
Balance
+918.33
Exports
1,729.23 ₹ Cr
0.0478% share
+356.63% YoY
73.00% of Sub-Ch. 8427
Imports
810.90 ₹ Cr
0.0144% share
+21.25% YoY
47.02% of Sub-Ch. 8427
Balance
−263.68
Exports
745.56 ₹ Cr
0.0203% share
−56.88% YoY
35.73% of Sub-Ch. 8427
Imports
1,009.24 ₹ Cr
0.0166% share
+24.46% YoY
48.53% of Sub-Ch. 8427
CAGR · 7-Year
Exports
62.66% /yr
Imports
17.40% /yr
reference, FY 2024-25
Export
₹2,086.88 Cr
Import
₹2,079.67 Cr
Trade Balance
+7.21
Key Trade Insights: HSN Code 84271000 Export-Import Analysis
Consistent Export Growth: 62.66% CAGR Over 7 Years
India's exports under HSN Code 84271000 have grown at a compound annual rate of 62.66% over 7 fiscal years, rising from ₹40.26 Crore in FY 2018-19 to ₹745.56 Crore in FY 2024-25.
HSN Code 84271000 Ranked #689 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 84271000 ranks #689 out of 12657 HSN codes by total export value. Within Sub-Chapter 8427, it ranks #2 of 3. By trade surplus, it ranks #11520 of 12657.
FY 2023-24 Was the Strongest Growth Year for HSN Code 84271000 Exports
The strongest single-year export movement for HSN Code 84271000 was recorded in FY 2023-24, when exports surged by 356.63% over the prior year.
India Records a Trade Deficit of ₹263.68 Crore in HSN Code 84271000 Goods
In FY 2024-25, India's imports of ₹1,009.24 Cr exceeded exports of ₹745.56 Cr, resulting in a trade deficit of ₹263.68 Crore — ranking #11520 of 12657 by surplus magnitude.
Import Growth of 17.40% CAGR Signals Rising Demand for Electric self-propelled trucks
India's imports under HSN Code 84271000 have grown at 17.40% CAGR, reaching ₹1,009.24 Crore in FY 2024-25.
HSN Code 84271000 Contributes 35.73% of Sub-Chapter 8427 Exports — Ranked #2
Among the 3 HSN codes under Sub-Chapter 8427, HSN Code 84271000 ranks #2 by export value — accounting for 35.73% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 48.53% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 84271000 and GST compliance.
What products are classified under HSN 84271000 ?
It includes Lifts And Skip Hoists| Skip Hoists
Can we claim ITC on inputs used to trade Electric self-propelled trucks?
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 Electric self-propelled trucks is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Electric self-propelled trucks; Nil for exempt items if applicable).
Do e‑way bill and e‑invoice apply for Electric self-propelled trucks?
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 Electric self-propelled trucks?
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.
How much GST applies to Electric self-propelled trucks?
Under HSN 84271000, Electric self-propelled trucks attracts Varies when sold in taxable form. Describe the exact form on the invoice.