--- title: "HSN Code for Chassis (Three-wheeled vehicles) | HSN 87060031 GST Rate" description: "Find HSN and GST Rates for 87060031 related to Chassis (Three-wheeled vehicles) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-87060031/" --- # HSN Code 87060031: Chassis (Three-wheeled vehicles) - [Section 17: Guide to HSN Section 17](https://busy.in/hsn/section-17/) - [Chapter 87: Vehicles Other Than Tramway/Railway Rolling Stock](https://busy.in/hsn/chapter-87/) - [Sub-chapter 8706: Ceramic bricks & tiles](https://busy.in/hsn/sub-chapter-8706/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8703: For three-wheeled vehicles | 14% | 14% | 28% | 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) | ## Frequently asked questions ### What products are classified under HSN 87060031 ? It includes Vehicles of heading 8703 ### Does packaging or labelling change the GST for Chassis (Three-wheeled vehicles)? 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 Chassis (Three-wheeled vehicles)? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Chassis (Three-wheeled vehicles)? 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 Chassis (Three-wheeled vehicles)? Under HSN 87060031, Chassis (Three-wheeled vehicles) attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Chassis (Three-wheeled vehicles)? 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. ## India's trade performance: HSN Code 87060031 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹357 Cr (+37.29% YoY) — 0.0097% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹357 Cr (Surplus); surplus rank #816 of 12657 HSN codes - Share of Sub-Chapter 8706: 14.95% of its exports; import side 0.00% - Rank within Sub-Chapter 8706: #2 of 11 by export value ### Key metrics - Export CAGR: 172.05% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1281 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +20,478.41% in FY 2019-20 - Contribution to Sub-Ch. 8706: 14.95% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 87060031 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 | Exp % of Sub-Ch. 8706 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8706 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.03% | < ₹1 Crore | 0.0000% | — | 0.44% | +0.44 | #7740 | | FY 2019-20 | 181.09 | 0.0082% | +20,478.41% | 7.45% | < ₹1 Crore | 0.0000% | −54.55% | 0.08% | +180.89 | #1405 | | FY 2020-21 | 78.35 | 0.0036% | −56.73% | 6.63% | < ₹1 Crore | 0.0000% | −95.00% | 0.01% | +78.34 | #2352 | | FY 2021-22 | 207.07 | 0.0066% | +164.29% | 10.51% | Nil | 0.0000% | −100.00% | 0.00% | +207.07 | #1614 | | FY 2022-23 | 370.70 | 0.0102% | +79.02% | 15.78% | Nil | 0.0000% | — | 0.00% | +370.70 | #1152 | | FY 2023-24 | 259.88 | 0.0072% | −29.89% | 12.73% | Nil | 0.0000% | — | 0.00% | +259.88 | #1510 | | FY 2024-25 | 356.78 | 0.0097% | +37.29% | 14.95% | Nil | 0.0000% | — | 0.00% | +356.78 | #1281 | - CAGR (7-year): exports 172.05%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 87060031 export-import analysis ### Consistent export growth: 172.05% CAGR over 7 years India's exports under HSN Code 87060031 have grown at a compound annual rate of 172.05% over 7 fiscal years, rising from ₹0.88 Crore in FY 2018-19 to ₹356.78 Crore in FY 2024-25. ### HSN Code 87060031 ranked #1281 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 87060031 ranks #1281 out of 12657 HSN codes by total export value. Within Sub-Chapter 8706, it ranks #2 of 11. By trade surplus, it ranks #816 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 87060031 exports The strongest single-year export movement for HSN Code 87060031 was recorded in FY 2019-20, when exports surged by 20,478.41% over the prior year. ### India maintains a trade surplus of ₹356.78 Crore in HSN Code 87060031 goods In FY 2024-25, India's exports of ₹356.78 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹356.78 Crore — ranking #816 of 12657 by surplus magnitude. ### HSN Code 87060031 contributes 14.95% of Sub-Chapter 8706 exports — ranked #2 Among the 11 HSN codes under Sub-Chapter 8706, HSN Code 87060031 ranks #2 by export value — accounting for 14.95% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 8706 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 87060029: Chassis (Other vehicles under 8702)](https://busy.in/hsn/hsn-87060029/) | ₹1,490 Cr | | #2 | HSN Code 87060031: Chassis (Three-wheeled vehicles) (this hsn code) | ₹357 Cr | | #3 | [HSN Code 87060019: Chassis (Other tractors)](https://busy.in/hsn/hsn-87060019/) | ₹285 Cr | | #4 | [HSN Code 87060042: Chassis (Non-petrol vehicles)](https://busy.in/hsn/hsn-87060042/) | ₹202 Cr | | #5 | [HSN Code 87060049: Chassis (Other)](https://busy.in/hsn/hsn-87060049/) | ₹48 Cr | | #6 | [HSN Code 87060050: Chassis (Vehicles under 8705)](https://busy.in/hsn/hsn-87060050/) | ₹2 Cr | | #7 | [HSN Code 87060039: Chassis (Other vehicles)](https://busy.in/hsn/hsn-87060039/) | ₹1 Cr | | #8 | [HSN Code 87060041: Chassis (Three-wheeled motor vehicle)](https://busy.in/hsn/hsn-87060041/) | < ₹1 Crore | | #9 | [HSN Code 87060011: Chassis (Tractors ≤1,800cc)](https://busy.in/hsn/hsn-87060011/) | < ₹1 Crore | | — | [HSN Code 87060021: Chassis (Vehicles ≤13 persons)](https://busy.in/hsn/hsn-87060021/) | Nil |