---
title: "HSN Code for Tankers | HSN 89012000 GST Rate"
description: "Find HSN and GST Rates for 89012000 related to Tankers with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-89012000/"
---

# HSN Code 89012000: Tankers

- [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 |
| --- | --- | --- | --- | --- |
| Tankers | 2.5% | 2.5% | 5% | 0% |

## Frequently asked questions

### What products are classified under HSN 89012000 ?

It includes Inflatable boats

### Can we claim ITC on inputs used to trade Tankers?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### Does packaging or labelling change the GST for Tankers?

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.

### How much GST applies to Tankers?

Under HSN 89012000, Tankers attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Do e‑way bill and e‑invoice apply for Tankers?

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 should mixed supplies be billed when Tankers is sold with other items?

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

## India's trade performance: HSN Code 89012000 (FY 2024-25)

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

- Exports: ₹18,643 Cr (+271.14% YoY) — 0.5065% of India's total exports
- Imports: ₹11,128 Cr (+842.89% YoY) — 0.1832% of India's total imports
- Trade balance: ₹7,515 Cr (Surplus); surplus rank #44 of 12657 HSN codes
- Share of Sub-Chapter 8901: 87.20% of its exports; import side 87.84%
- Rank within Sub-Chapter 8901: #1 of 8 by export value; import-side #1

### Key metrics

- Export CAGR: 49.13% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #23 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +362.02% in FY 2022-23
- Contribution to Sub-Ch. 8901: 87.20% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 89012000

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 | 1,695.12 | 0.0742% | — | 33.52% | 1,839.66 | 0.0513% | — | 39.35% | −144.54 | #184 |
| FY 2019-20 | 2,711.93 | 0.1232% | +59.98% | 28.71% | 1,648.16 | 0.0492% | −10.41% | 42.11% | +1,063.77 | #119 |
| FY 2020-21 | 3,022.74 | 0.1405% | +11.46% | 60.31% | 1,771.89 | 0.0608% | +7.51% | 58.84% | +1,250.85 | #108 |
| FY 2021-22 | 1,182.09 | 0.0377% | −60.89% | 37.76% | 3,938.36 | 0.0862% | +122.27% | 70.70% | −2,756.27 | #408 |
| FY 2022-23 | 5,461.45 | 0.1508% | +362.02% | 68.19% | 2,502.51 | 0.0435% | −36.46% | 58.36% | +2,958.94 | #85 |
| FY 2023-24 | 5,023.25 | 0.1388% | −8.02% | 40.28% | 1,180.19 | 0.0210% | −52.84% | 12.01% | +3,843.06 | #98 |
| FY 2024-25 | 18,643.23 | 0.5065% | +271.14% | 87.20% | 11,127.91 | 0.1832% | +842.89% | 87.84% | +7,515.32 | #23 |

- CAGR (7-year): exports 49.13%/yr, imports 34.98%/yr (consistently Surplus)

## Key trade insights: HSN Code 89012000 export-import analysis

### Consistent export growth: 49.13% CAGR over 7 years

India's exports under HSN Code 89012000 have grown at a compound annual rate of 49.13% over 7 fiscal years, rising from ₹1,695.12 Crore in FY 2018-19 to ₹18,643.23 Crore in FY 2024-25.

### HSN Code 89012000 ranked #23 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 89012000 ranks #23 out of 12657 HSN codes by total export value. Within Sub-Chapter 8901, it ranks #1 of 8. By trade surplus, it ranks #44 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 89012000 exports

The strongest single-year export movement for HSN Code 89012000 was recorded in FY 2022-23, when exports surged by 362.02% over the prior year.

### India maintains a trade surplus of ₹7,515.32 Crore in HSN Code 89012000 goods

In FY 2024-25, India's exports of ₹18,643.23 Cr exceeded imports of ₹11,127.91 Cr, resulting in a trade surplus of ₹7,515.32 Crore — ranking #44 of 12657 by surplus magnitude.

### Import growth of 34.98% CAGR signals rising demand for Tankers

India's imports under HSN Code 89012000 have grown at 34.98% CAGR, reaching ₹11,127.91 Crore in FY 2024-25.

### HSN Code 89012000 contributes 87.20% of Sub-Chapter 8901 exports — ranked #1

Among the 8 HSN codes under Sub-Chapter 8901, HSN Code 89012000 ranks #1 by export value — accounting for 87.20% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 87.84% share (rank #1).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-89011040/) | ₹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 |