HSN Code 87060031: Chassis (Three-wheeled vehicles)

HSN Code 87060031 represents Chassis (Three-wheeled vehicles) under GST classification. This code helps businesses identify Chassis (Three-wheeled vehicles) correctly for billing, taxation, and trade. With HSN Code 87060031, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Chassis (Three-wheeled vehicles).

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Description of Goods for HSN Code 87060031

HSN Code 87060031 relates to the following description.

Description of Goods

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8703: For three-wheeled vehicles

Chapter

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

Sub Chapter

8706 - Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705

CGST

14%

SGST

14%

IGST

28%

CESS

See note

CESS note

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)

What does HSN Code 87060031 not include?

Chassis (Three-wheeled vehicles) does not include products with the following descriptions.

HSN Code 87060011

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the tractors of heading 8701 : Of engine capacity not exceeding 1,800 cc

HSN Code 87060019

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the tractors of heading 8701 : Other

HSN Code 87060021

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the vehicles of heading 8702: For transport of not more than thirteen persons, including the driver

HSN Code 87060029

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the vehicles of heading 8702: Other

HSN Code 87060039

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8703: Other

HSN Code 87060041

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: For three-wheeled motor vehicle

HSN Code 87060042

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: For vehicles, other than petrol driven

HSN Code 87060043

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: For dumpers covered in the heading 8704

HSN Code 87060049

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: Other

HSN Code 87060050

Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8705

India’s Trade Performance — HSN Code 87060031 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

₹357 Cr

+37.29% vs FY 2023-24

0.0097% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹357 Cr

Trade Surplus

Surplus rank #816 of 12657 HSN codes

% of Sub-Chapter 8706

FY 2024-25

14.95%

Share of Sub-Chapter 8706’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 8706’s imports

Rank Within Sub-Chapter 8706

FY 2024-25

#2 of 11

Position by export value among HSN codes in Sub-Chapter 8706

At a glance

172.05%

Export CAGR

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

#1281

National Export Rank

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

+20,478.41%

Peak Growth Year

FY 2019-20 · strongest single-year move

14.95%

Contribution to Sub-Ch. 8706

Share of Sub-Chapter 8706 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7740

Balance

+0.44

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 8706

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.44% of Sub-Ch. 8706

FY 2019-20 Exp. Rank #1405

Balance

+180.89

Exports

181.09 ₹ Cr

0.0082% share

+20,478.41% YoY

7.45% of Sub-Ch. 8706

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−54.55% YoY

0.08% of Sub-Ch. 8706

FY 2020-21 Exp. Rank #2352

Balance

+78.34

Exports

78.35 ₹ Cr

0.0036% share

−56.73% YoY

6.63% of Sub-Ch. 8706

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−95.00% YoY

0.01% of Sub-Ch. 8706

FY 2021-22 Exp. Rank #1614

Balance

+207.07

Exports

207.07 ₹ Cr

0.0066% share

+164.29% YoY

10.51% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8706

FY 2022-23 Exp. Rank #1152

Balance

+370.70

Exports

370.70 ₹ Cr

0.0102% share

+79.02% YoY

15.78% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8706

FY 2023-24 Exp. Rank #1510

Balance

+259.88

Exports

259.88 ₹ Cr

0.0072% share

−29.89% YoY

12.73% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8706

FY 2024-25 Exp. Rank #1281

Balance

+356.78

Exports

356.78 ₹ Cr

0.0097% share

+37.29% YoY

14.95% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8706

CAGR · 7-Year

Exports

172.05% /yr

Imports

—

Consistently Surplus
Sub-Chapter 8706 total

reference, FY 2024-25

Export

₹2,386.27 Cr

Import

₹441.25 Cr

Trade Balance

+1,945.02

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

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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 87060031 and GST compliance.

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.

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.