HSN Code 89080000: Vessels: Breaking up
HSN Code 89080000 represents Vessels: Breaking up under GST classification. This code helps businesses identify Vessels: Breaking up correctly for billing, taxation, and trade. With HSN Code 89080000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vessels: Breaking up.
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Description of Goods for HSN Code 89080000
HSN Code 89080000 relates to the following description.
India’s Trade Performance — HSN Code 89080000 in FY 2024-25
India’s Exports
FY 2024-25< ₹1 Crore
0.0000% of India’s total exports
India’s Imports
FY 2024-25₹4,443 Cr
0.0731% of India’s total imports
Trade Balance
FY 2024-25−₹4,443 Cr
Surplus rank #12544 of 12657 HSN codes
% of Sub-Chapter 8908
FY 2024-25100.00%
Share of Sub-Chapter 8908’s total exports in FY 2024-25
Import side: 100.00% of Sub-Chapter 8908’s imports
Rank Within Sub-Chapter 8908
FY 2024-25#1 of 1
Position by export value among HSN codes in Sub-Chapter 8908
Import-side rank: #1 of 1
At a glance
−30.66%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#10193
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+84,500.00%
Peak Growth Year
FY 2023-24 · strongest single-year move
100.00%
Contribution to Sub-Ch. 8908
Share of Sub-Chapter 8908 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 89080000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−5,274.60
Exports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
100.00% of Sub-Ch. 8908
Imports
5,274.87 ₹ Cr
0.1472% share
— YoY
100.00% of Sub-Ch. 8908
Balance
−4,609.17
Exports
1.35 ₹ Cr
0.0001% share
+400.00% YoY
100.00% of Sub-Ch. 8908
Imports
4,610.52 ₹ Cr
0.1377% share
−12.59% YoY
100.00% of Sub-Ch. 8908
Balance
−4,241.46
Exports
119.26 ₹ Cr
0.0055% share
+8,734.07% YoY
100.00% of Sub-Ch. 8908
Imports
4,360.72 ₹ Cr
0.1497% share
−5.42% YoY
100.00% of Sub-Ch. 8908
Balance
−6,156.64
Exports
5.24 ₹ Cr
0.0002% share
−95.61% YoY
100.00% of Sub-Ch. 8908
Imports
6,161.88 ₹ Cr
0.1348% share
+41.30% YoY
100.00% of Sub-Ch. 8908
Balance
−5,639.58
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−99.62% YoY
100.00% of Sub-Ch. 8908
Imports
5,639.60 ₹ Cr
0.0981% share
−8.48% YoY
100.00% of Sub-Ch. 8908
Balance
−4,268.89
Exports
16.92 ₹ Cr
0.0005% share
+84,500.00% YoY
100.00% of Sub-Ch. 8908
Imports
4,285.81 ₹ Cr
0.0763% share
−24.01% YoY
100.00% of Sub-Ch. 8908
Balance
−4,443.36
Exports
< ₹1 Crore ₹ Cr
0.0000% share
−99.82% YoY
100.00% of Sub-Ch. 8908
Imports
4,443.39 ₹ Cr
0.0731% share
+3.68% YoY
100.00% of Sub-Ch. 8908
CAGR · 7-Year
Exports
−30.66% /yr
Imports
−2.82% /yr
reference, FY 2024-25
Export
₹0.03 Cr
Import
₹4,443.39 Cr
Trade Balance
−4,443.36
Key Trade Insights: HSN Code 89080000 Export-Import Analysis
Export Decline: −30.66% CAGR Over 7 Years
India's exports under HSN Code 89080000 have declined at a compound annual rate of −30.66% over 7 fiscal years, falling from ₹0.27 Crore in FY 2018-19 to ₹0.03 Crore in FY 2024-25.
HSN Code 89080000 Ranked #10193 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 89080000 ranks #10193 out of 12657 HSN codes by total export value. Within Sub-Chapter 8908, it ranks #1 of 1. By trade surplus, it ranks #12544 of 12657.
FY 2023-24 Was the Strongest Growth Year for HSN Code 89080000 Exports
The strongest single-year export movement for HSN Code 89080000 was recorded in FY 2023-24, when exports surged by 84,500.00% over the prior year.
India Records a Trade Deficit of ₹4,443.36 Crore in HSN Code 89080000 Goods
In FY 2024-25, India's imports of ₹4,443.39 Cr exceeded exports of ₹0.03 Cr, resulting in a trade deficit of ₹4,443.36 Crore — ranking #12544 of 12657 by surplus magnitude.
Import Growth of −2.82% CAGR Signals Stable Import Dependency for Vessels: Breaking up
India's imports under HSN Code 89080000 have grown at −2.82% CAGR, reaching ₹4,443.39 Crore in FY 2024-25.
HSN Code 89080000 Contributes 100.00% of Sub-Chapter 8908 Exports — Ranked #1
Among the 1 HSN codes under Sub-Chapter 8908, HSN Code 89080000 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).
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Frequently Asked Questions
Clear answers to common queries about HSN Code 89080000 and GST compliance.
What products are classified under HSN 89080000 ?
It includes Other | Optical Calcite Crystal
How should mixed supplies be billed when Vessels: Breaking up is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vessels: Breaking up; Nil for exempt items if applicable).
How much GST applies to Vessels: Breaking up?
Under HSN 89080000, Vessels: Breaking up attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Does packaging or labelling change the GST for 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.
Any common misclassification issue with Vessels: Breaking up?
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 Vessels: Breaking up?
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.
Can we claim ITC on inputs used to trade Vessels: Breaking up?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.