--- title: "HSN Code for Cruise ships – Barges | HSN 89011040 GST Rate" description: "Find HSN and GST Rates for 89011040 related to Cruise ships – Barges with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-89011040/" --- # HSN Code 89011040: Cruise ships – Barges - [Section 17: Guide to HSN Section 17](https://busy.in/hsn/section-17/) - [Chapter 89: Floating Structures, Ships, Boats](https://busy.in/hsn/chapter-89/) - [Sub-chapter 8901: Cruise & Cargo Ships](https://busy.in/hsn/sub-chapter-8901/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Barges | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 89011040 ? It includes Inflatable Boats (<=100kg, No Motor) ### How should mixed supplies be billed when Cruise ships – Barges is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cruise ships – Barges; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Cruise ships – Barges? 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. ### Any common misclassification issue with Cruise ships – Barges? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Cruise ships – Barges? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Cruise ships – Barges? 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. ## India's trade performance: HSN Code 89011040 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹986 Cr (+114.99% YoY) — 0.0268% of India's total exports - Imports: ₹91 Cr (−87.28% YoY) — 0.0015% of India's total imports - Trade balance: ₹895 Cr (Surplus); surplus rank #388 of 12657 HSN codes - Share of Sub-Chapter 8901: 4.61% of its exports; import side 0.72% - Rank within Sub-Chapter 8901: #3 of 8 by export value; import-side #5 ### Key metrics - Export CAGR: -0.83% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #536 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +977.29% in FY 2021-22 - Contribution to Sub-Ch. 8901: 4.61% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 89011040 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. 8901 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8901 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1,036.21 | 0.0453% | — | 20.49% | 586.91 | 0.0164% | — | 12.55% | +449.30 | #321 | | FY 2019-20 | 1,921.55 | 0.0873% | +85.44% | 20.35% | 153.00 | 0.0046% | −73.93% | 3.91% | +1,768.55 | #166 | | FY 2020-21 | 85.59 | 0.0040% | −95.55% | 1.71% | 443.23 | 0.0152% | +189.69% | 14.72% | −357.64 | #2239 | | FY 2021-22 | 922.05 | 0.0294% | +977.29% | 29.45% | 16.93 | 0.0004% | −96.18% | 0.30% | +905.12 | #498 | | FY 2022-23 | 470.31 | 0.0130% | −48.99% | 5.87% | 341.64 | 0.0059% | +1,917.96% | 7.97% | +128.67 | #971 | | FY 2023-24 | 458.42 | 0.0127% | −2.53% | 3.68% | 715.58 | 0.0127% | +109.45% | 7.28% | −257.16 | #1032 | | FY 2024-25 | 985.57 | 0.0268% | +114.99% | 4.61% | 90.99 | 0.0015% | −87.28% | 0.72% | +894.58 | #536 | - CAGR (7-year): exports -0.83%/yr, imports -26.71%/yr (consistently Surplus) ## Key trade insights: HSN Code 89011040 export-import analysis ### Export decline: -0.83% CAGR over 7 years India's exports under HSN Code 89011040 have declined at a compound annual rate of -0.83% over 7 fiscal years, falling from ₹1,036.21 Crore in FY 2018-19 to ₹985.57 Crore in FY 2024-25. ### HSN Code 89011040 ranked #536 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 89011040 ranks #536 out of 12657 HSN codes by total export value. Within Sub-Chapter 8901, it ranks #3 of 8. By trade surplus, it ranks #388 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 89011040 exports The strongest single-year export movement for HSN Code 89011040 was recorded in FY 2021-22, when exports surged by 977.29% over the prior year. ### India maintains a trade surplus of ₹894.58 Crore in HSN Code 89011040 goods In FY 2024-25, India's exports of ₹985.57 Cr exceeded imports of ₹90.99 Cr, resulting in a trade surplus of ₹894.58 Crore — ranking #388 of 12657 by surplus magnitude. ### Import growth of -26.71% CAGR signals stable import dependency for Cruise ships – Barges India's imports under HSN Code 89011040 have grown at -26.71% CAGR, reaching ₹90.99 Crore in FY 2024-25. ### HSN Code 89011040 contributes 4.61% of Sub-Chapter 8901 exports — ranked #3 Among the 8 HSN codes under Sub-Chapter 8901, HSN Code 89011040 ranks #3 by export value — accounting for 4.61% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.72% share (rank #5). ## Related HSN Codes in Sub-Chapter 8901 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 89012000: Tankers](https://busy.in/hsn/hsn-89012000/) | ₹18,643 Cr | | #2 | [HSN Code 89019000: Cruise Ships, Ferry Boats, Cargo Ships](https://busy.in/hsn/hsn-89019000/) | ₹1,281 Cr | | #3 | HSN Code 89011040: Cruise ships – Barges (this hsn code) | ₹986 Cr | | #4 | [HSN Code 89011010: Cruise ships – Ships](https://busy.in/hsn/hsn-89011010/) | ₹445 Cr | | #5 | [HSN Code 89011090: Other Passenger Vessel](https://busy.in/hsn/hsn-89011090/) | ₹23 Cr | | #6 | [HSN Code 89013000: Refrigerated vessels](https://busy.in/hsn/hsn-89013000/) | ₹1 Cr | | #7 | [HSN Code 89011030: Cruise ships – Boats](https://busy.in/hsn/hsn-89011030/) | ₹1 Cr | | — | [HSN Code 89011020: Cruise ships – Launches](https://busy.in/hsn/hsn-89011020/) | Nil |