---
title: "HSN Code for Vehicles of heading 8703 | HSN 87071000 GST Rate"
description: "Find HSN and GST Rates for 87071000 related to Vehicles of heading 8703 with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-87071000/"
---

# HSN Code 87071000: Vehicles of heading 8703

- [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 8707: Motor vehicle bodies](https://busy.in/hsn/sub-chapter-8707/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| For the vehicles of heading 8703 | 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 87071000 ?

It includes Brake Parts

### Can we claim ITC on inputs used to trade Vehicles of heading 8703?

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 Vehicles of heading 8703?

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

### Do e‑way bill and e‑invoice apply for Vehicles of heading 8703?

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.

### How much GST applies to Vehicles of heading 8703?

Under HSN 87071000, Vehicles of heading 8703 attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### How should mixed supplies be billed when Vehicles of heading 8703 is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vehicles of heading 8703; Nil for exempt items if applicable).

## India's trade performance: HSN Code 87071000 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹171 Cr (+41.43% YoY) — 0.0046% of India's total exports
- Imports: ₹1,148 Cr (+0.57% YoY) — 0.0189% of India's total imports
- Trade balance: −₹977 Cr (Deficit); surplus rank #12201 of 12657 HSN codes
- Share of Sub-Chapter 8707: 44.00% of its exports; import side 75.70%
- Rank within Sub-Chapter 8707: #2 of 2 by export value; import-side #1

### Key metrics

- Export CAGR: 17.68% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #2011 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +122.70% in FY 2021-22
- Contribution to Sub-Ch. 8707: 44.00% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 87071000

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. 8707 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8707 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 64.32 | 0.0028% | — | 34.58% | 472.62 | 0.0132% | — | 54.65% | −408.30 | #2538 |
| FY 2019-20 | 67.17 | 0.0031% | +4.43% | 50.61% | 356.09 | 0.0106% | −24.66% | 69.85% | −288.92 | #2496 |
| FY 2020-21 | 39.03 | 0.0018% | −41.89% | 38.41% | 326.04 | 0.0112% | −8.44% | 79.43% | −287.01 | #3307 |
| FY 2021-22 | 86.92 | 0.0028% | +122.70% | 47.26% | 573.13 | 0.0125% | +75.79% | 70.21% | −486.21 | #2606 |
| FY 2022-23 | 159.41 | 0.0044% | +83.40% | 62.05% | 868.39 | 0.0151% | +51.52% | 64.77% | −708.98 | #1981 |
| FY 2023-24 | 120.82 | 0.0033% | −24.21% | 42.93% | 1,141.49 | 0.0203% | +31.45% | 69.99% | −1,020.67 | #2347 |
| FY 2024-25 | 170.87 | 0.0046% | +41.43% | 44.00% | 1,147.98 | 0.0189% | +0.57% | 75.70% | −977.11 | #2011 |

- CAGR (7-year): exports 17.68%/yr, imports 15.94%/yr (consistently Deficit)

## Key trade insights: HSN Code 87071000 export-import analysis

### Consistent export growth: 17.68% CAGR over 7 years

India's exports under HSN Code 87071000 have grown at a compound annual rate of 17.68% over 7 fiscal years, rising from ₹64.32 Crore in FY 2018-19 to ₹170.87 Crore in FY 2024-25.

### HSN Code 87071000 ranked #2011 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 87071000 ranks #2011 out of 12657 HSN codes by total export value. Within Sub-Chapter 8707, it ranks #2 of 2. By trade surplus, it ranks #12201 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 87071000 exports

The strongest single-year export movement for HSN Code 87071000 was recorded in FY 2021-22, when exports surged by 122.70% over the prior year.

### India records a trade deficit of ₹977.11 Crore in HSN Code 87071000 goods

In FY 2024-25, India's imports of ₹1,147.98 Cr exceeded exports of ₹170.87 Cr, resulting in a trade deficit of ₹977.11 Crore — ranking #12201 of 12657 by surplus magnitude.

### Import growth of 15.94% CAGR signals rising demand for Vehicles of heading 8703

India's imports under HSN Code 87071000 have grown at 15.94% CAGR, reaching ₹1,147.98 Crore in FY 2024-25.

### HSN Code 87071000 contributes 44.00% of Sub-Chapter 8707 exports — ranked #2

Among the 2 HSN codes under Sub-Chapter 8707, HSN Code 87071000 ranks #2 by export value — accounting for 44.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 75.70% share (rank #1).

## Related HSN Codes in Sub-Chapter 8707

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 87079000: Motor Vehicle Parts - Brakes](https://busy.in/hsn/hsn-87079000/) | ₹217 Cr |
| #2 | HSN Code 87071000: Vehicles of heading 8703 (this hsn code) | ₹171 Cr |