HSN Code 87024011: Electric Monocoque Vehicle (AC)

HSN Code 87024011 represents Electric Monocoque Vehicle (AC) under GST classification. This code helps businesses identify Electric Monocoque Vehicle (AC) correctly for billing, taxation, and trade. With HSN Code 87024011, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Electric Monocoque Vehicle (AC).

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Description of Goods for HSN Code 87024011

HSN Code 87024011 relates to the following description.

Description of Goods

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Integrated monocoque vehicle, air-conditioned

Chapter

87 - Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof

Sub Chapter

8702 - Motor vehicles for the transport of ten or more persons, including the driver

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

See note

CESS note

15% (if Motor vehicles for the transport of not more than 13 persons, including the driver, other than the vehicles of the description mentioned -Petrol, Liquefied Petroleum Gases (LPG) or compressed natural gas (CNG) driven motor vehicles of engine capacity not exceeding 1200cc and of length not exceeding 4000 mm and Diesel driven motor vehicles of engine capacity not exceeding 1500cc and of length not exceeding 4000 mm. /Nil( if All old and used motor vehicles. Explanation : Nothing contained in this entry shall apply if the supplier of such goods has availed input tax credit as defined in clause (63) of section 2 of the Central Goods and Services Tax Act, 2017, CENVAT credit as defined in CENVAT Credit Rules, 2004, or the input tax credit of Value Added Tax or any other taxes paid on such vehicles / Nil (if Fuel Cell Motor Vehicles) / Nil if Motor vehicles cleared as ambulances duly fitted with all the fitments, furniture and accessories necessary for an ambulance from the factory manufacturing such motor vehicles/ 3 % if diesel driven motor vehicles of engine capacity not exceeding 1500cc and of length not exceeding 4000 mm / 1% if Petrol, Liquefied Petroleum Gases (LPG) or compressed natural gas (CNG) driven motor vehicles of engine capacity not exceeding 1200cc and of length not exceeding 4000 mm.

What does HSN Code 87024011 not include?

Electric Monocoque Vehicle (AC) does not include products with the following descriptions.

HSN Code 87021011

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Integrated monocoque vehicle, air-conditioned

HSN Code 87021012

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Integrated monocoque vehicle, non air-conditioned

HSN Code 87021018

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Other, air-conditioned

HSN Code 87021019

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Other, non air-conditioned

HSN Code 87021021

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Other: Integrated monocoque vehicle, air-conditioned

HSN Code 87021022

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Other: Integrated monocoque vehicle, non air-conditioned

HSN Code 87021028

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Other: Other, air-conditioned

HSN Code 87021029

With compression-ignition internal combustion piston engine (diesel or semi-diesel) : Vehicles for transport of not more than 13 persons, including the driver : Other: Other, non air-conditioned

HSN Code 87021091

Motor vehicles for the transport of ten or more persons, including the driverwith compression-ignition internalcombustion piston engine (diesel or semidiesel)other : integrated moncoque vehicle

HSN Code 87021092

Motor vehicles for the transport of ten or more persons, including the driver with compression-ignition internalcombustion piston engine (diesel or semidiesel)other : air-conditioned vehicle

HSN Code 87021099

Motor vehicles for the transport of ten or more persons, including the driver with compression-ignition internalcombustion piston engine (diesel or semidiesel)other :other

HSN Code 87022011

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver:Integrated monocoque vehicle, air-conditioned

HSN Code 87022012

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver:Integrated monocoque vehicle, non air-conditioned

HSN Code 87022018

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver: Other, air-conditioned

HSN Code 87022019

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver: Other,non air-conditioned

HSN Code 87022021

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver: Other: Integrated monocoque vehicle, air-conditioned

HSN Code 87022022

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver: Other: Integrated monocoque vehicle, non air-conditioned

HSN Code 87022028

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver: Other: Other, air-conditioned

HSN Code 87022029

With both compression-ignition internal combustion piston engine (diesel or semidiesel) and electric motor as motors for propulsion: Vehicles for transport of not more than 13 persons, including the driver: Other: Other, non air-conditioned

HSN Code 87023011

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Integrated monocoque vehicle, air-conditioned

HSN Code 87023012

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Integrated monocoque vehicle, non air-conditioned

HSN Code 87023018

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other, air-conditioned

HSN Code 87023019

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other,non air-conditioned

HSN Code 87023021

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other Integrated monocoque vehicle, air-conditioned

HSN Code 87023022

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other, Integrated monocoque vehicle, non-air-conditioned

HSN Code 87023028

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other, air-conditioned

HSN Code 87023029

With both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other,non- air-conditioned

HSN Code 87024012

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Integrated monocoque vehicle, non air-conditioned

HSN Code 87024018

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other, air-conditioned

HSN Code 87024019

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other, non air-conditioned

HSN Code 87024021

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: other : Integrated monocoque vehicle, air-conditioned

HSN Code 87024022

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver:Other: Integrated monocoque vehicle, non air-conditioned

HSN Code 87024028

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other, air-conditioned

HSN Code 87024029

With only electric motor for propulsion: — Vehicles for transport of not more than 13 persons, including the driver: Other, non air-conditioned

HSN Code 87029011

Other : Vehicles for transport of not more than 13 persons, including the driver : Integrated monocoque vehicle,air-conditioned

HSN Code 87029012

Other : Vehicles for transport of not more than 13 persons, including the driver : Integrated monocoque vehicle,non air-conditioned

HSN Code 87029013

Motor vehicles for the transport of ten or more persons, including the driver other : vehicles for transport of not more than13 persons, including the driver: electrically operated

HSN Code 87029018

Other : Vehicles for transport of not more than 13 persons, including the driver : Other, air-conditioned

HSN Code 87029019

Other : Vehicles for transport of not more than 13 persons, including the driver : Other, non air-conditioned

HSN Code 87029020

Motor vehicles for the transport of ten or more persons, including the driver other vehicles for transport of not more than13 persons, including the driver:electrically operated vehicles not elsewhere included or specified

HSN Code 87029021

Vehicles for transport of not more than 13 persons, including the driver:Other: Integrated monocoque vehicle, air-conditioned

HSN Code 87029022

Vehicles for transport of not more than 13 persons, including the driver:Other: Integrated monocoque vehicle, non air-conditioned

HSN Code 87029028

Vehicles for transport of not more than 13 persons, including the driver:Other: Other, air-conditioned

HSN Code 87029029

Vehicles for transport of not more than 13 persons, including the driver:Other: Other, non air-conditioned

HSN Code 87029091

Motor vehicles for the transport of ten or more persons, including the driver other integrated monocoque vehicle

HSN Code 87029092

Motor vehicles for the transport of ten or more persons, including the driver other :air-conditioned vehicle

HSN Code 87029099

Motor vehicles for the transport of ten or more persons, including the driver other :other

India’s Trade Performance — HSN Code 87024011 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

Nil

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−< ₹1 Crore

Trade Deficit

Surplus rank #7424 of 12657 HSN codes

% of Sub-Chapter 8702

FY 2024-25

0.00%

Share of Sub-Chapter 8702’s total exports in FY 2024-25

Import side: 0.30% of Sub-Chapter 8702’s imports

India Export-Import Trade Statistics for HSN Code 87024011

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

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

FY 2021-22

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

FY 2022-23

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

FY 2023-24

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

FY 2024-25

Balance

−0.15

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8702

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.30% of Sub-Ch. 8702

Sub-Chapter 8702 total

reference, FY 2024-25

Export

₹1,516.67 Cr

Import

₹50.05 Cr

Trade Balance

+1,466.62

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

Key Trade Insights: HSN Code 87024011 Export-Import Analysis

Export Snapshot for HSN Code 87024011

India exported ₹0.00 Crore worth of Electric Monocoque Vehicle (AC) in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

India Records a Trade Deficit of ₹0.15 Crore in HSN Code 87024011 Goods

In FY 2024-25, India's imports of ₹0.15 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹0.15 Crore — ranking #7424 of 12657 by surplus magnitude.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 87024011 and GST compliance.

What products are classified under HSN 87024011 ?

It includes Electric vehicle (<=13 person, non-AC Alt): EV Metro Base

Any common misclassification issue with Electric Monocoque Vehicle (AC)?

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

How much GST applies to Electric Monocoque Vehicle (AC)?

Under HSN 87024011, Electric Monocoque Vehicle (AC) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Electric Monocoque Vehicle (AC)?

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 Monocoque Vehicle (AC) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Electric Monocoque Vehicle (AC); Nil for exempt items if applicable).

Does packaging or labelling change the GST for Electric Monocoque Vehicle (AC)?

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.

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.