--- title: "HSN Code for Drilling or production platforms | HSN 89052000 GST Rate" description: "Find HSN and GST Rates for 89052000 related to Drilling or production platforms with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-89052000/" --- # HSN Code 89052000: Drilling or production platforms - [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 8905: Vessels, floating docks & platforms](https://busy.in/hsn/sub-chapter-8905/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Floating or submersible drilling or production platforms | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 89052000 ? It includes Vessels: Breaking up ### Does packaging or labelling change the GST for Drilling or production platforms? 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 Drilling or production platforms? Under HSN 89052000, Drilling or production platforms attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Drilling or production platforms? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Drilling or production platforms? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Drilling or production platforms? 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. ## India's trade performance: HSN Code 89052000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹593 Cr (−83.38% YoY) — 0.0161% of India's total exports - Imports: ₹2,007 Cr (−14.82% YoY) — 0.0330% of India's total imports - Trade balance: −₹1,414 Cr (Deficit); surplus rank #12330 of 12657 HSN codes - Share of Sub-Chapter 8905: 6.97% of its exports; import side 14.67% - Rank within Sub-Chapter 8905: #3 of 4 by export value; import-side #3 ### Key metrics - Export CAGR: -34.54% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #870 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +26.39% in FY 2023-24 - Contribution to Sub-Ch. 8905: 6.97% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 89052000 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. 8905 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 8905 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 7,535.80 | 0.3298% | — | 28.08% | 4,220.58 | 0.1177% | — | 16.37% | +3,315.22 | #29 | | FY 2019-20 | 3,310.97 | 0.1504% | −56.06% | 17.43% | 959.59 | 0.0287% | −77.26% | 4.02% | +2,351.38 | #92 | | FY 2020-21 | 2,744.98 | 0.1276% | −17.09% | 11.27% | 393.43 | 0.0135% | −59.00% | 1.90% | +2,351.55 | #123 | | FY 2021-22 | 2,456.92 | 0.0783% | −10.49% | 12.12% | 4,127.02 | 0.0903% | +948.98% | 23.70% | −1,670.10 | #193 | | FY 2022-23 | 2,822.64 | 0.0780% | +14.89% | 16.43% | 1,570.12 | 0.0273% | −61.96% | 4.58% | +1,252.52 | #172 | | FY 2023-24 | 3,567.57 | 0.0986% | +26.39% | 27.12% | 2,355.89 | 0.0420% | +50.05% | 19.60% | +1,211.68 | #140 | | FY 2024-25 | 592.91 | 0.0161% | −83.38% | 6.97% | 2,006.74 | 0.0330% | −14.82% | 14.67% | −1,413.83 | #870 | - CAGR (7-year): exports -34.54%/yr, imports -11.65%/yr (consistently Deficit) ## Key trade insights: HSN Code 89052000 export-import analysis ### Export decline: -34.54% CAGR over 7 years India's exports under HSN Code 89052000 have declined at a compound annual rate of -34.54% over 7 fiscal years, falling from ₹7,535.80 Crore in FY 2018-19 to ₹592.91 Crore in FY 2024-25. ### HSN Code 89052000 ranked #870 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 89052000 ranks #870 out of 12657 HSN codes by total export value. Within Sub-Chapter 8905, it ranks #3 of 4. By trade surplus, it ranks #12330 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 89052000 exports The strongest single-year export movement for HSN Code 89052000 was recorded in FY 2023-24, when exports surged by 26.39% over the prior year. ### India records a trade deficit of ₹1,413.83 Crore in HSN Code 89052000 goods In FY 2024-25, India's imports of ₹2,006.74 Cr exceeded exports of ₹592.91 Cr, resulting in a trade deficit of ₹1,413.83 Crore — ranking #12330 of 12657 by surplus magnitude. ### Import growth of -11.65% CAGR signals stable import dependency for Drilling or production platforms India's imports under HSN Code 89052000 have grown at -11.65% CAGR, reaching ₹2,006.74 Crore in FY 2024-25. ### HSN Code 89052000 contributes 6.97% of Sub-Chapter 8905 exports — ranked #3 Among the 4 HSN codes under Sub-Chapter 8905, HSN Code 89052000 ranks #3 by export value — accounting for 6.97% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 14.67% share (rank #3). ## Related HSN Codes in Sub-Chapter 8905 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 89059090: Light-Vessels, Floating Cranes, Drilling Platforms \| Other](https://busy.in/hsn/hsn-89059090/) | ₹6,578 Cr | | #2 | [HSN Code 89051000: Dredgers](https://busy.in/hsn/hsn-89051000/) | ₹1,339 Cr | | #3 | HSN Code 89052000: Drilling or production platforms (this hsn code) | ₹593 Cr | | — | [HSN Code 89059010: Other \| Floating Docks](https://busy.in/hsn/hsn-89059010/) | Nil |