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HSN Code 87060041: Engine-Fitted Chassis for Three-Wheeled Goods Vehicles

HSN Code 87060041 represents Engine-Fitted Chassis for Three-Wheeled Goods Vehicles under GST classification. This code helps businesses identify Engine-Fitted Chassis for Three-Wheeled Goods Vehicles correctly for billing, taxation, and trade. With HSN Code 87060041, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Engine-Fitted Chassis for Three-Wheeled Goods Vehicles.

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Description of Goods for HSN Code 87060041

HSN Code 87060041 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 8704: For three-wheeled motor vehicle

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

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 87060041 not include?

Engine-Fitted Chassis for Three-Wheeled Goods Vehicles does not include products with the following descriptions.

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

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

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

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

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

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

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

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

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

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

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India’s Trade Performance — HSN Code 87060041 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹14 Cr

+1,454.84% vs FY 2024-25

0.0004% of India’s total exports

India’s Imports

FY 2025-26

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2025-26

₹14 Cr

Trade Surplus

Surplus rank #3139 of 12872 HSN codes

% of Sub-Chapter 8706

FY 2025-26

0.51%

Share of Sub-Chapter 8706’s total exports in FY 2025-26

Import side: 0.01% of Sub-Chapter 8706’s imports

Rank Within Sub-Chapter 8706

FY 2025-26

#5 of 11

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

Import-side rank: #6 of 11

At a glance

14.63%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#5483

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+1,454.84%

Peak Growth Year

FY 2025-26 · strongest single-year move

0.51%

Contribution to Sub-Ch. 8706

Share of Sub-Chapter 8706 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 87060041

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #5735

Balance

+5.50

Exports

5.56 ₹ Cr

0.0002% share

— YoY

0.18% of Sub-Ch. 8706

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.06% of Sub-Ch. 8706

FY 2019-20 Exp. Rank #5994

Balance

+4.47

Exports

4.48 ₹ Cr

0.0002% share

−19.42% YoY

0.18% of Sub-Ch. 8706

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−83.33% YoY

0.00% of Sub-Ch. 8706

FY 2020-21 Exp. Rank #4402

Balance

+17.17

Exports

17.17 ₹ Cr

0.0008% share

+283.26% YoY

1.45% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8706

FY 2021-22 Exp. Rank #3283

Balance

+53.12

Exports

53.14 ₹ Cr

0.0017% share

+209.49% YoY

2.70% of Sub-Ch. 8706

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 8706

FY 2022-23 Exp. Rank #7089

Balance

+2.75

Exports

2.75 ₹ Cr

0.0001% share

−94.83% YoY

0.12% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 8706

FY 2023-24 Exp. Rank #9115

Balance

+0.33

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−88.00% YoY

0.02% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8706

FY 2024-25 Exp. Rank #8314

Balance

+0.93

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+181.82% YoY

0.04% of Sub-Ch. 8706

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 8706

FY 2025-26 Exp. Rank #5483

Balance

+14.44

Exports

14.46 ₹ Cr

0.0004% share

+1,454.84% YoY

0.51% of Sub-Ch. 8706

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.01% of Sub-Ch. 8706

CAGR · 8-Year

Exports

14.63% /yr

Imports

−14.52% /yr

Consistently Surplus
Sub-Chapter 8706 total

reference, FY 2025-26

Export

₹2,816.55 Cr

Import

₹346.32 Cr

Trade Balance

+2,470.23

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

Key Trade Insights: HSN Code 87060041 Export-Import Analysis

Consistent Export Growth: 14.63% CAGR Over 8 Years

India's exports under HSN Code 87060041 have grown at a compound annual rate of 14.63% over 8 fiscal years, rising from ₹5.56 Crore in FY 2018-19 to ₹14.46 Crore in FY 2025-26.

HSN Code 87060041 Ranked #5483 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 87060041 ranks #5483 out of 12872 HSN codes by total export value. Within Sub-Chapter 8706, it ranks #5 of 11. By trade surplus, it ranks #3139 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 87060041 Exports

The strongest single-year export movement for HSN Code 87060041 was recorded in FY 2025-26, when exports surged by 1,454.84% over the prior year.

India Maintains a Trade Surplus of ₹14.44 Crore in HSN Code 87060041 Goods

In FY 2025-26, India's exports of ₹14.46 Cr exceeded imports of ₹0.02 Cr, resulting in a trade surplus of ₹14.44 Crore — ranking #3139 of 12872 by surplus magnitude.

Import Growth of −14.52% CAGR Signals Stable Import Dependency for Engine-Fitted Chassis for Three-Wheeled Goods Vehicles

India's imports under HSN Code 87060041 have grown at −14.52% CAGR, reaching ₹0.02 Crore in FY 2025-26.

HSN Code 87060041 Contributes 0.51% of Sub-Chapter 8706 Exports — Ranked #5

Among the 11 HSN codes under Sub-Chapter 8706, HSN Code 87060041 ranks #5 by export value — accounting for 0.51% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.01% share (rank #6).

Frequently Asked Questions

Clear answers to common queries about HSN Code 87060041 and GST compliance.

What products are classified under HSN 87060041 ?

It includes Bumpers for tractors

Any common misclassification issue with Engine-Fitted Chassis for Three-Wheeled Goods Vehicles?

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

Does packaging or labelling change the GST for Engine-Fitted Chassis for Three-Wheeled Goods 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 Engine-Fitted Chassis for Three-Wheeled Goods Vehicles?

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 Engine-Fitted Chassis for Three-Wheeled Goods Vehicles is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Engine-Fitted Chassis for Three-Wheeled Goods Vehicles; Nil for exempt items if applicable).

How much GST applies to Engine-Fitted Chassis for Three-Wheeled Goods Vehicles?

Under HSN 87060041, Engine-Fitted Chassis for Three-Wheeled Goods Vehicles attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Engine-Fitted Chassis for Three-Wheeled Goods 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.

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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.