HSN Code 98010030: Spare Parts/Raw Materials for Plant Maintenance

HSN Code 98010030 represents Spare Parts/Raw Materials for Plant Maintenance under GST classification. This code helps businesses identify Spare Parts/Raw Materials for Plant Maintenance correctly for billing, taxation, and trade. With HSN Code 98010030, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Spare Parts/Raw Materials for Plant Maintenance.

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Description of Goods for HSN Code 98010030

HSN Code 98010030 relates to the following description.

Description of Goods

Spare parts and other raw materials (including semi-finished materials or consumable stores for the maintenance of plant or project

Chapter

98 - Project imports; laboratory chemicals; passengers' baggage, personal importations by air or post; ship stores

Sub Chapter

9801 - All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified : (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the central government may, having regard to the economic development of the country notify in the official gazette in this behalf; and spare parts, other raw materials (including semi-finished material) or consumable stores not exceeding 10% of the value of the goods specified above provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 98010030 not include?

Spare Parts/Raw Materials for Plant Maintenance does not include products with the following descriptions.

HSN Code 98010020

Components (whether or not finished or not) or raw materials for the manufacture of aforesaid items required for the initial setting up of a unit or the substantial expansion of a unit

India’s Trade Performance — HSN Code 98010030 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹7 Cr

+99.46% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

₹135 Cr

−94.41% vs FY 2023-24

0.0022% of India’s total imports

Trade Balance

FY 2024-25

−₹128 Cr

Trade Deficit

Surplus rank #10988 of 12657 HSN codes

% of Sub-Chapter 9801

FY 2024-25

27.29%

Share of Sub-Chapter 9801’s total exports in FY 2024-25

Import side: 1.48% of Sub-Chapter 9801’s imports

Rank Within Sub-Chapter 9801

FY 2024-25

#2 of 8

Position by export value among HSN codes in Sub-Chapter 9801

Import-side rank: #4 of 8

At a glance

−25.51%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#6156

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+230.83%

Peak Growth Year

FY 2019-20 · strongest single-year move

27.29%

Contribution to Sub-Ch. 9801

Share of Sub-Chapter 9801 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 98010030

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #3091

Balance

−412.03

Exports

43.07 ₹ Cr

0.0019% share

— YoY

38.26% of Sub-Ch. 9801

Imports

455.10 ₹ Cr

0.0127% share

— YoY

2.74% of Sub-Ch. 9801

FY 2019-20 Exp. Rank #1625

Balance

+42.00

Exports

142.49 ₹ Cr

0.0065% share

+230.83% YoY

65.41% of Sub-Ch. 9801

Imports

100.49 ₹ Cr

0.0030% share

−77.92% YoY

0.70% of Sub-Ch. 9801

FY 2020-21 Exp. Rank #5816

Balance

−68.73

Exports

5.57 ₹ Cr

0.0003% share

−96.09% YoY

33.14% of Sub-Ch. 9801

Imports

74.30 ₹ Cr

0.0025% share

−26.06% YoY

0.67% of Sub-Ch. 9801

FY 2021-22 Exp. Rank #6619

Balance

−49.73

Exports

3.99 ₹ Cr

0.0001% share

−28.37% YoY

14.18% of Sub-Ch. 9801

Imports

53.72 ₹ Cr

0.0012% share

−27.70% YoY

0.53% of Sub-Ch. 9801

FY 2022-23 Exp. Rank #6038

Balance

−56.08

Exports

7.22 ₹ Cr

0.0002% share

+80.95% YoY

45.07% of Sub-Ch. 9801

Imports

63.30 ₹ Cr

0.0011% share

+17.83% YoY

0.49% of Sub-Ch. 9801

FY 2023-24 Exp. Rank #6920

Balance

−2,415.78

Exports

3.69 ₹ Cr

0.0001% share

−48.89% YoY

17.13% of Sub-Ch. 9801

Imports

2,419.47 ₹ Cr

0.0431% share

+3,722.23% YoY

22.10% of Sub-Ch. 9801

FY 2024-25 Exp. Rank #6156

Balance

−127.81

Exports

7.36 ₹ Cr

0.0002% share

+99.46% YoY

27.29% of Sub-Ch. 9801

Imports

135.17 ₹ Cr

0.0022% share

−94.41% YoY

1.48% of Sub-Ch. 9801

CAGR · 7-Year

Exports

−25.51% /yr

Imports

−18.32% /yr

Consistently Deficit
Sub-Chapter 9801 total

reference, FY 2024-25

Export

₹26.97 Cr

Import

₹9,123.52 Cr

Trade Balance

−9,096.55

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 98010030 Export-Import Analysis

Export Decline: −25.51% CAGR Over 7 Years

India's exports under HSN Code 98010030 have declined at a compound annual rate of −25.51% over 7 fiscal years, falling from ₹43.07 Crore in FY 2018-19 to ₹7.36 Crore in FY 2024-25.

HSN Code 98010030 Ranked #6156 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 98010030 ranks #6156 out of 12657 HSN codes by total export value. Within Sub-Chapter 9801, it ranks #2 of 8. By trade surplus, it ranks #10988 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 98010030 Exports

The strongest single-year export movement for HSN Code 98010030 was recorded in FY 2019-20, when exports surged by 230.83% over the prior year.

India Records a Trade Deficit of ₹127.81 Crore in HSN Code 98010030 Goods

In FY 2024-25, India's imports of ₹135.17 Cr exceeded exports of ₹7.36 Cr, resulting in a trade deficit of ₹127.81 Crore — ranking #10988 of 12657 by surplus magnitude.

Import Growth of −18.32% CAGR Signals Stable Import Dependency for Spare Parts/Raw Materials for Plant Maintenance

India's imports under HSN Code 98010030 have grown at −18.32% CAGR, reaching ₹135.17 Crore in FY 2024-25.

HSN Code 98010030 Contributes 27.29% of Sub-Chapter 9801 Exports — Ranked #2

Among the 8 HSN codes under Sub-Chapter 9801, HSN Code 98010030 ranks #2 by export value — accounting for 27.29% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.48% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 98010030 and GST compliance.

What products are classified under HSN 98010030 ?

It includes Other Live Pure-Bred Breeding Animals

Does packaging or labelling change the GST for Spare Parts/Raw Materials for Plant Maintenance?

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 Spare Parts/Raw Materials for Plant Maintenance?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Spare Parts/Raw Materials for Plant Maintenance is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Spare Parts/Raw Materials for Plant Maintenance; Nil for exempt items if applicable).

How much GST applies to Spare Parts/Raw Materials for Plant Maintenance?

Under HSN 98010030, Spare Parts/Raw Materials for Plant Maintenance attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Spare Parts/Raw Materials for Plant Maintenance?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Important Disclaimer

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.