HSN Code 89012000: Tankers

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 or export of Tankers.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 89012000

HSN Code 89012000 relates to the following description.

Description of Goods

Tankers

Chapter

89 - Ships, boats and floating structures

Sub Chapter

8901 - Cruise ships, excursion boats , ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 89012000 not include?

Tankers does not include products with the following descriptions.

HSN Code 89011010

Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Ships

HSN Code 89011020

Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Launches

HSN Code 89011030

Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Boats

HSN Code 89011040

Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Barges

HSN Code 89011090

Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferry-boats of all kinds : Other

HSN Code 89019000

Other vessels for transport of the goods and other vessels for the transport of both persons and goods

India’s Trade Performance — HSN Code 89012000 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

₹18,643 Cr

+271.14% vs FY 2023-24

0.5065% of India’s total exports

India’s Imports

FY 2024-25

₹11,128 Cr

+842.89% vs FY 2023-24

0.1832% of India’s total imports

Trade Balance

FY 2024-25

₹7,515 Cr

Trade Surplus

Surplus rank #44 of 12657 HSN codes

% of Sub-Chapter 8901

FY 2024-25

87.20%

Share of Sub-Chapter 8901’s total exports in FY 2024-25

Import side: 87.84% of Sub-Chapter 8901’s imports

Rank Within Sub-Chapter 8901

FY 2024-25

#1 of 8

Position by export value among HSN codes in Sub-Chapter 8901

Import-side rank: #1 of 8

At a glance

49.13%

Export CAGR

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

#23

National Export Rank

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

+362.02%

Peak Growth Year

FY 2022-23 · strongest single-year move

87.20%

Contribution to Sub-Ch. 8901

Share of Sub-Chapter 8901 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #184

Balance

−144.54

Exports

1,695.12 ₹ Cr

0.0742% share

— YoY

33.52% of Sub-Ch. 8901

Imports

1,839.66 ₹ Cr

0.0513% share

— YoY

39.35% of Sub-Ch. 8901

FY 2019-20 Exp. Rank #119

Balance

+1,063.77

Exports

2,711.93 ₹ Cr

0.1232% share

+59.98% YoY

28.71% of Sub-Ch. 8901

Imports

1,648.16 ₹ Cr

0.0492% share

−10.41% YoY

42.11% of Sub-Ch. 8901

FY 2020-21 Exp. Rank #108

Balance

+1,250.85

Exports

3,022.74 ₹ Cr

0.1405% share

+11.46% YoY

60.31% of Sub-Ch. 8901

Imports

1,771.89 ₹ Cr

0.0608% share

+7.51% YoY

58.84% of Sub-Ch. 8901

FY 2021-22 Exp. Rank #408

Balance

−2,756.27

Exports

1,182.09 ₹ Cr

0.0377% share

−60.89% YoY

37.76% of Sub-Ch. 8901

Imports

3,938.36 ₹ Cr

0.0862% share

+122.27% YoY

70.70% of Sub-Ch. 8901

FY 2022-23 Exp. Rank #85

Balance

+2,958.94

Exports

5,461.45 ₹ Cr

0.1508% share

+362.02% YoY

68.19% of Sub-Ch. 8901

Imports

2,502.51 ₹ Cr

0.0435% share

−36.46% YoY

58.36% of Sub-Ch. 8901

FY 2023-24 Exp. Rank #98

Balance

+3,843.06

Exports

5,023.25 ₹ Cr

0.1388% share

−8.02% YoY

40.28% of Sub-Ch. 8901

Imports

1,180.19 ₹ Cr

0.0210% share

−52.84% YoY

12.01% of Sub-Ch. 8901

FY 2024-25 Exp. Rank #23

Balance

+7,515.32

Exports

18,643.23 ₹ Cr

0.5065% share

+271.14% YoY

87.20% of Sub-Ch. 8901

Imports

11,127.91 ₹ Cr

0.1832% share

+842.89% YoY

87.84% of Sub-Ch. 8901

CAGR · 7-Year

Exports

49.13% /yr

Imports

34.98% /yr

Consistently Surplus
Sub-Chapter 8901 total

reference, FY 2024-25

Export

₹21,380.27 Cr

Import

₹12,667.72 Cr

Trade Balance

+8,712.55

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

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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 89012000 and GST compliance.

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).

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.