HSN Code 87060041: Chassis (Three-wheeled motor vehicle)

HSN Code 87060041 represents Chassis (Three-wheeled motor vehicle) under GST classification. This code helps businesses identify Chassis (Three-wheeled motor vehicle) 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 Chassis (Three-wheeled motor vehicle).

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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

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 87060041 not include?

Chassis (Three-wheeled motor vehicle) 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 87060031

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

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 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 87060041 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

< ₹1 Crore

+181.82% vs FY 2023-24

0.0000% 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

< ₹1 Crore

Trade Surplus

Surplus rank #4557 of 12657 HSN codes

% of Sub-Chapter 8706

FY 2024-25

0.04%

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

#8 of 11

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

At a glance

−25.77%

Export CAGR

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

#8314

National Export Rank

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

+283.26%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.04%

Contribution to Sub-Ch. 8706

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

India Export-Import Trade Statistics for HSN Code 87060041

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 #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

CAGR · 7-Year

Exports

−25.77% /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 87060041 Export-Import Analysis

Export Decline: −25.77% CAGR Over 7 Years

India's exports under HSN Code 87060041 have declined at a compound annual rate of −25.77% over 7 fiscal years, falling from ₹5.56 Crore in FY 2018-19 to ₹0.93 Crore in FY 2024-25.

HSN Code 87060041 Ranked #8314 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 87060041 ranks #8314 out of 12657 HSN codes by total export value. Within Sub-Chapter 8706, it ranks #8 of 11. By trade surplus, it ranks #4557 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 87060041 Exports

The strongest single-year export movement for HSN Code 87060041 was recorded in FY 2020-21, when exports surged by 283.26% over the prior year.

India Maintains a Trade Surplus of ₹0.93 Crore in HSN Code 87060041 Goods

In FY 2024-25, India's exports of ₹0.93 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.93 Crore — ranking #4557 of 12657 by surplus magnitude.

HSN Code 87060041 Contributes 0.04% of Sub-Chapter 8706 Exports — Ranked #8

Among the 11 HSN codes under Sub-Chapter 8706, HSN Code 87060041 ranks #8 by export value — accounting for 0.04% 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 87060041 and GST compliance.

What products are classified under HSN 87060041 ?

It includes Bumpers for tractors

Any common misclassification issue with Chassis (Three-wheeled motor vehicle)?

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 Chassis (Three-wheeled motor vehicle)?

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 motor vehicle)?

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 Chassis (Three-wheeled motor vehicle) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Chassis (Three-wheeled motor vehicle); Nil for exempt items if applicable).

How much GST applies to Chassis (Three-wheeled motor vehicle)?

Under HSN 87060041, Chassis (Three-wheeled motor vehicle) 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 motor vehicle)?

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.