What products are classified under HSN 89052000 ?
It includes Vessels: Breaking up
HSN Code 89052000 represents Drilling or production platforms under GST classification. This code helps businesses identify Drilling or production platforms correctly for billing, taxation, and trade. With HSN Code 89052000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Drilling or production platforms.
HSN Code 89052000 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 | 8905 | Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms | Floating or submersible drilling or production platforms | 2.5% | 2.5% | 5% | 0% |
Description of goods
Floating or submersible drilling or production platforms
Chapter
89 – Ships, boats and floating structures
Sub Chapter
8905 – Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms
Drilling or production platforms does not include products with the following descriptions:
It includes Vessels: Breaking up
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 89052000, Drilling or production platforms attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.
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.