HSN Code 87071000: Vehicles of heading 8703

HSN Code 87071000 represents Vehicles of heading 8703 under GST classification. This code helps businesses identify Vehicles of heading 8703 correctly for billing, taxation, and trade. With HSN Code 87071000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vehicles of heading 8703.

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Description of Goods for HSN Code 87071000

HSN Code 87071000 relates to the following description.

Description of Goods

For the vehicles of heading 8703

Chapter

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

Sub Chapter

8707 - Bodies (including cabs), 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 87071000 not include?

Vehicles of heading 8703 does not include products with the following descriptions.

India’s Trade Performance — HSN Code 87071000 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

₹171 Cr

+41.43% vs FY 2023-24

0.0046% of India’s total exports

India’s Imports

FY 2024-25

₹1,148 Cr

+0.57% vs FY 2023-24

0.0189% of India’s total imports

Trade Balance

FY 2024-25

−₹977 Cr

Trade Deficit

Surplus rank #12201 of 12657 HSN codes

% of Sub-Chapter 8707

FY 2024-25

44.00%

Share of Sub-Chapter 8707’s total exports in FY 2024-25

Import side: 75.70% of Sub-Chapter 8707’s imports

Rank Within Sub-Chapter 8707

FY 2024-25

#2 of 2

Position by export value among HSN codes in Sub-Chapter 8707

Import-side rank: #1 of 2

At a glance

17.68%

Export CAGR

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

#2011

National Export Rank

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

+122.70%

Peak Growth Year

FY 2021-22 · strongest single-year move

44.00%

Contribution to Sub-Ch. 8707

Share of Sub-Chapter 8707 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #2538

Balance

−408.30

Exports

64.32 ₹ Cr

0.0028% share

— YoY

34.58% of Sub-Ch. 8707

Imports

472.62 ₹ Cr

0.0132% share

— YoY

54.65% of Sub-Ch. 8707

FY 2019-20 Exp. Rank #2496

Balance

−288.92

Exports

67.17 ₹ Cr

0.0031% share

+4.43% YoY

50.61% of Sub-Ch. 8707

Imports

356.09 ₹ Cr

0.0106% share

−24.66% YoY

69.85% of Sub-Ch. 8707

FY 2020-21 Exp. Rank #3307

Balance

−287.01

Exports

39.03 ₹ Cr

0.0018% share

−41.89% YoY

38.41% of Sub-Ch. 8707

Imports

326.04 ₹ Cr

0.0112% share

−8.44% YoY

79.43% of Sub-Ch. 8707

FY 2021-22 Exp. Rank #2606

Balance

−486.21

Exports

86.92 ₹ Cr

0.0028% share

+122.70% YoY

47.26% of Sub-Ch. 8707

Imports

573.13 ₹ Cr

0.0125% share

+75.79% YoY

70.21% of Sub-Ch. 8707

FY 2022-23 Exp. Rank #1981

Balance

−708.98

Exports

159.41 ₹ Cr

0.0044% share

+83.40% YoY

62.05% of Sub-Ch. 8707

Imports

868.39 ₹ Cr

0.0151% share

+51.52% YoY

64.77% of Sub-Ch. 8707

FY 2023-24 Exp. Rank #2347

Balance

−1,020.67

Exports

120.82 ₹ Cr

0.0033% share

−24.21% YoY

42.93% of Sub-Ch. 8707

Imports

1,141.49 ₹ Cr

0.0203% share

+31.45% YoY

69.99% of Sub-Ch. 8707

FY 2024-25 Exp. Rank #2011

Balance

−977.11

Exports

170.87 ₹ Cr

0.0046% share

+41.43% YoY

44.00% of Sub-Ch. 8707

Imports

1,147.98 ₹ Cr

0.0189% share

+0.57% YoY

75.70% of Sub-Ch. 8707

CAGR · 7-Year

Exports

17.68% /yr

Imports

15.94% /yr

Consistently Deficit
Sub-Chapter 8707 total

reference, FY 2024-25

Export

₹388.35 Cr

Import

₹1,516.50 Cr

Trade Balance

−1,128.15

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 87071000 and GST compliance.

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).

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.