What products are classified under HSN 89012000 ?
It includes Inflatable boats
HSN Code 89012000 represents Tankers under GST classification. This code helps businesses identify Tankers correctly for billing, taxation, and trade. With HSN Code 89012000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Tankers.
HSN Code 89012000 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 89 | Ships, boats and floating structures | 8901 | Cruise ships, excursion boats , ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods | Tankers | 2.5% | 2.5% | 5% | 0% |
Tankers does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Ships | |
| Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Launches | |
| Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Boats | |
| Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Barges | |
| Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Other | |
| Refrigerated vessels, other than those of Sub-heading 8901 20 | |
| Other vessels for transport of the goods and other vessels for the transport of both persons and goods |
Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Ships
Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Launches
Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Boats
Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Barges
Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Other
Refrigerated vessels, other than those of Sub-heading 8901 20
Other vessels for transport of the goods and other vessels for the transport of both persons and goods
It includes Inflatable boats
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
Under HSN 89012000, Tankers attracts Varies when sold in taxable form. Describe the exact form on the invoice.
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.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Tankers; Nil for exempt items if applicable).
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.