HSN Code 89040000: Tugs And Pusher Craft
HSN Code 89040000 represents Tugs And Pusher Craft under GST classification. This code helps businesses identify Tugs And Pusher Craft correctly for billing, taxation, and trade. With HSN Code 89040000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Tugs And Pusher Craft.
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Description of Goods for HSN Code 89040000
HSN Code 89040000 relates to the following description.
India’s Trade Performance — HSN Code 89040000 in FY 2024-25
India’s Exports
FY 2024-25₹2,093 Cr
0.0569% of India’s total exports
India’s Imports
FY 2024-25₹2,594 Cr
0.0427% of India’s total imports
Trade Balance
FY 2024-25−₹501 Cr
Surplus rank #11897 of 12657 HSN codes
% of Sub-Chapter 8904
FY 2024-25100.00%
Share of Sub-Chapter 8904’s total exports in FY 2024-25
Import side: 100.00% of Sub-Chapter 8904’s imports
Rank Within Sub-Chapter 8904
FY 2024-25#1 of 1
Position by export value among HSN codes in Sub-Chapter 8904
Import-side rank: #1 of 1
At a glance
−9.63%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#256
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+75.18%
Peak Growth Year
FY 2022-23 · strongest single-year move
100.00%
Contribution to Sub-Ch. 8904
Share of Sub-Chapter 8904 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 89040000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+850.91
Exports
3,842.30 ₹ Cr
0.1682% share
— YoY
100.00% of Sub-Ch. 8904
Imports
2,991.39 ₹ Cr
0.0835% share
— YoY
100.00% of Sub-Ch. 8904
Balance
−488.43
Exports
2,099.64 ₹ Cr
0.0954% share
−45.35% YoY
100.00% of Sub-Ch. 8904
Imports
2,588.07 ₹ Cr
0.0773% share
−13.48% YoY
100.00% of Sub-Ch. 8904
Balance
+1,440.09
Exports
2,844.39 ₹ Cr
0.1322% share
+35.47% YoY
100.00% of Sub-Ch. 8904
Imports
1,404.30 ₹ Cr
0.0482% share
−45.74% YoY
100.00% of Sub-Ch. 8904
Balance
+150.62
Exports
1,561.74 ₹ Cr
0.0498% share
−45.09% YoY
100.00% of Sub-Ch. 8904
Imports
1,411.12 ₹ Cr
0.0309% share
+0.49% YoY
100.00% of Sub-Ch. 8904
Balance
−1,723.56
Exports
2,735.86 ₹ Cr
0.0756% share
+75.18% YoY
100.00% of Sub-Ch. 8904
Imports
4,459.42 ₹ Cr
0.0776% share
+216.02% YoY
100.00% of Sub-Ch. 8904
Balance
+1,401.19
Exports
3,192.24 ₹ Cr
0.0882% share
+16.68% YoY
100.00% of Sub-Ch. 8904
Imports
1,791.05 ₹ Cr
0.0319% share
−59.84% YoY
100.00% of Sub-Ch. 8904
Balance
−501.07
Exports
2,093.20 ₹ Cr
0.0569% share
−34.43% YoY
100.00% of Sub-Ch. 8904
Imports
2,594.27 ₹ Cr
0.0427% share
+44.85% YoY
100.00% of Sub-Ch. 8904
CAGR · 7-Year
Exports
−9.63% /yr
Imports
−2.35% /yr
reference, FY 2024-25
Export
₹2,093.20 Cr
Import
₹2,594.27 Cr
Trade Balance
−501.07
Key Trade Insights: HSN Code 89040000 Export-Import Analysis
Export Decline: −9.63% CAGR Over 7 Years
India's exports under HSN Code 89040000 have declined at a compound annual rate of −9.63% over 7 fiscal years, falling from ₹3,842.30 Crore in FY 2018-19 to ₹2,093.20 Crore in FY 2024-25.
HSN Code 89040000 Ranked #256 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 89040000 ranks #256 out of 12657 HSN codes by total export value. Within Sub-Chapter 8904, it ranks #1 of 1. By trade surplus, it ranks #11897 of 12657.
FY 2022-23 Was the Strongest Growth Year for HSN Code 89040000 Exports
The strongest single-year export movement for HSN Code 89040000 was recorded in FY 2022-23, when exports surged by 75.18% over the prior year.
India Records a Trade Deficit of ₹501.07 Crore in HSN Code 89040000 Goods
In FY 2024-25, India's imports of ₹2,594.27 Cr exceeded exports of ₹2,093.20 Cr, resulting in a trade deficit of ₹501.07 Crore — ranking #11897 of 12657 by surplus magnitude.
Import Growth of −2.35% CAGR Signals Stable Import Dependency for Tugs And Pusher Craft
India's imports under HSN Code 89040000 have grown at −2.35% CAGR, reaching ₹2,594.27 Crore in FY 2024-25.
HSN Code 89040000 Contributes 100.00% of Sub-Chapter 8904 Exports — Ranked #1
Among the 1 HSN codes under Sub-Chapter 8904, HSN Code 89040000 ranks #1 by export value — accounting for 100.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 100.00% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 89040000 and GST compliance.
What products are classified under HSN 89040000 ?
It includes Inflatable rafts
How should mixed supplies be billed when Tugs And Pusher Craft is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Tugs And Pusher Craft; Nil for exempt items if applicable).
Does packaging or labelling change the GST for Tugs And Pusher Craft?
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.
Can we claim ITC on inputs used to trade Tugs And Pusher Craft?
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 Tugs And Pusher Craft?
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.
Any common misclassification issue with Tugs And Pusher Craft?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.