--- title: "HSN Code for Light-Vessels, Floating Cranes, Drilling Platforms | Other | HSN 89059090 GST Rate" description: "Find HSN and GST Rates for 89059090 related to Light-Vessels, Floating Cranes, Drilling Platforms | Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-89059090/" --- # HSN Code 89059090: Light-Vessels, Floating Cranes, Drilling Platforms | Other - [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 | | --- | --- | --- | --- | --- | | Other : Other | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 89059090 ? It includes Sheets and plates of polarising material ### How should mixed supplies be billed when Light-Vessels, Floating Cranes, Drilling Platforms / Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Light-Vessels, Floating Cranes, Drilling Platforms / Other; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Light-Vessels, Floating Cranes, Drilling Platforms / Other? 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. ### Does packaging or labelling change the GST for Light-Vessels, Floating Cranes, Drilling Platforms / Other? 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. ### Any common misclassification issue with Light-Vessels, Floating Cranes, Drilling Platforms / Other? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Light-Vessels, Floating Cranes, Drilling Platforms / Other? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Light-Vessels, Floating Cranes, Drilling Platforms / Other? Under HSN 89059090, Light-Vessels, Floating Cranes, Drilling Platforms / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 89059090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹6,578 Cr (−22.37% YoY) — 0.1787% of India's total exports - Imports: ₹6,917 Cr (−16.67% YoY) — 0.1139% of India's total imports - Trade balance: −₹340 Cr (Deficit); surplus rank #11659 of 12657 HSN codes - Share of Sub-Chapter 8905: 77.30% of its exports; import side 50.57% - Rank within Sub-Chapter 8905: #1 of 4 by export value; import-side #1 ### Key metrics - Export CAGR: -12.60% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #70 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +71.45% in FY 2020-21 - Contribution to Sub-Ch. 8905: 77.30% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 89059090 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 | 14,755.97 | 0.6458% | — | 54.98% | 16,685.13 | 0.4655% | — | 64.72% | −1,929.16 | #17 | | FY 2019-20 | 11,199.90 | 0.5088% | −24.10% | 58.95% | 19,367.36 | 0.5785% | +16.08% | 81.16% | −8,167.46 | #22 | | FY 2020-21 | 19,202.27 | 0.8928% | +71.45% | 78.86% | 19,232.30 | 0.6600% | −0.70% | 92.86% | −30.03 | #12 | | FY 2021-22 | 15,684.96 | 0.4998% | −18.32% | 77.35% | 10,642.34 | 0.2328% | −44.66% | 61.11% | +5,042.62 | #24 | | FY 2022-23 | 12,486.10 | 0.3449% | −20.39% | 72.66% | 30,962.43 | 0.5385% | +190.94% | 90.36% | −18,476.33 | #29 | | FY 2023-24 | 8,472.61 | 0.2342% | −32.14% | 64.41% | 8,301.24 | 0.1478% | −73.19% | 69.06% | +171.37 | #47 | | FY 2024-25 | 6,577.63 | 0.1787% | −22.37% | 77.30% | 6,917.40 | 0.1139% | −16.67% | 50.57% | −339.77 | #70 | - CAGR (7-year): exports -12.60%/yr, imports -13.65%/yr (consistently Deficit) ## Key trade insights: HSN Code 89059090 export-import analysis ### Export decline: -12.60% CAGR over 7 years India's exports under HSN Code 89059090 have declined at a compound annual rate of -12.60% over 7 fiscal years, falling from ₹14,755.97 Crore in FY 2018-19 to ₹6,577.63 Crore in FY 2024-25. ### HSN Code 89059090 ranked #70 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 89059090 ranks #70 out of 12657 HSN codes by total export value. Within Sub-Chapter 8905, it ranks #1 of 4. By trade surplus, it ranks #11659 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 89059090 exports The strongest single-year export movement for HSN Code 89059090 was recorded in FY 2020-21, when exports surged by 71.45% over the prior year. ### India records a trade deficit of ₹339.77 Crore in HSN Code 89059090 goods In FY 2024-25, India's imports of ₹6,917.40 Cr exceeded exports of ₹6,577.63 Cr, resulting in a trade deficit of ₹339.77 Crore — ranking #11659 of 12657 by surplus magnitude. ### Import growth of -13.65% CAGR signals stable import dependency for Light-Vessels, Floating Cranes, Drilling Platforms | Other India's imports under HSN Code 89059090 have grown at -13.65% CAGR, reaching ₹6,917.40 Crore in FY 2024-25. ### HSN Code 89059090 contributes 77.30% of Sub-Chapter 8905 exports — ranked #1 Among the 4 HSN codes under Sub-Chapter 8905, HSN Code 89059090 ranks #1 by export value — accounting for 77.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 50.57% share (rank #1). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-89052000/) | ₹593 Cr | | — | [HSN Code 89059010: Other \| Floating Docks](https://busy.in/hsn/hsn-89059010/) | Nil |