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 or export of Drilling or production platforms.
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HSN Code 89052000 relates to the following description.
Ships, boats and floating structures
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
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Drilling or production platforms does not include products with the following descriptions.
India’s Exports
FY 2024-25₹593 Cr
0.0161% of India’s total exports
India’s Imports
FY 2024-25₹2,007 Cr
0.0330% of India’s total imports
Trade Balance
FY 2024-25−₹1,414 Cr
Surplus rank #12330 of 12657 HSN codes
% of Sub-Chapter 8905
FY 2024-256.97%
Share of Sub-Chapter 8905’s total exports in FY 2024-25
Import side: 14.67% of Sub-Chapter 8905’s imports
Rank Within Sub-Chapter 8905
FY 2024-25#3 of 4
Position by export value among HSN codes in Sub-Chapter 8905
Import-side rank: #3 of 4
At a glance
−34.54%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#870
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+26.39%
Peak Growth Year
FY 2023-24 · strongest single-year move
6.97%
Contribution to Sub-Ch. 8905
Share of Sub-Chapter 8905 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+3,315.22
Exports
7,535.80 ₹ Cr
0.3298% share
— YoY
28.08% of Sub-Ch. 8905
Imports
4,220.58 ₹ Cr
0.1177% share
— YoY
16.37% of Sub-Ch. 8905
Balance
+2,351.38
Exports
3,310.97 ₹ Cr
0.1504% share
−56.06% YoY
17.43% of Sub-Ch. 8905
Imports
959.59 ₹ Cr
0.0287% share
−77.26% YoY
4.02% of Sub-Ch. 8905
Balance
+2,351.55
Exports
2,744.98 ₹ Cr
0.1276% share
−17.09% YoY
11.27% of Sub-Ch. 8905
Imports
393.43 ₹ Cr
0.0135% share
−59.00% YoY
1.90% of Sub-Ch. 8905
Balance
−1,670.10
Exports
2,456.92 ₹ Cr
0.0783% share
−10.49% YoY
12.12% of Sub-Ch. 8905
Imports
4,127.02 ₹ Cr
0.0903% share
+948.98% YoY
23.70% of Sub-Ch. 8905
Balance
+1,252.52
Exports
2,822.64 ₹ Cr
0.0780% share
+14.89% YoY
16.43% of Sub-Ch. 8905
Imports
1,570.12 ₹ Cr
0.0273% share
−61.96% YoY
4.58% of Sub-Ch. 8905
Balance
+1,211.68
Exports
3,567.57 ₹ Cr
0.0986% share
+26.39% YoY
27.12% of Sub-Ch. 8905
Imports
2,355.89 ₹ Cr
0.0420% share
+50.05% YoY
19.60% of Sub-Ch. 8905
Balance
−1,413.83
Exports
592.91 ₹ Cr
0.0161% share
−83.38% YoY
6.97% of Sub-Ch. 8905
Imports
2,006.74 ₹ Cr
0.0330% share
−14.82% YoY
14.67% of Sub-Ch. 8905
CAGR · 7-Year
Exports
−34.54% /yr
Imports
−11.65% /yr
reference, FY 2024-25
Export
₹8,509.05 Cr
Import
₹13,678.10 Cr
Trade Balance
−5,169.05
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.
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.
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.
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.
India's imports under HSN Code 89052000 have grown at −11.65% CAGR, reaching ₹2,006.74 Crore in FY 2024-25.
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).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 89052000 and GST compliance.
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.