8406 HSN Code: Steam & vapour turbines

HSN Sub Chapter 8406 represents Steam & vapour turbines under GST classification. This code helps businesses identify Steam & vapour turbines correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8406, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Steam & vapour turbines.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

New GST Rate for HSN Code 8406

GST Rate for Steam & vapour turbines under HSN Code 8406. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

84

HSN Code

8406

HSN Description

Steam turbines and other vapour turbines

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 8406

Following tariff HSN codes fall under Steam & vapour turbines.

Tariff HSN

84061000

Description

Turbines for marine propulsion

Tariff HSN

84068100

Description

Other turbines: Of an output exceeding 40 MW

Tariff HSN

84068200

Description

Other turbines: Of an output not exceeding 40 MW

Tariff HSN

84069000

Description

Parts

India’s Trade Performance — HSN Sub-Chapter 8406 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

₹1,282 Cr

+4.81% vs FY 2023-24

0.0346% of India’s total exports

India’s Imports

FY 2024-25

₹753 Cr

−9.64% vs FY 2023-24

0.0124% of India’s total imports

Trade Balance

FY 2024-25

₹529 Cr

Trade Surplus

Surplus rank #254 of 1233 subchapters

% of Chapter 84

FY 2024-25

0.45%

Share of Chapter 84’s total exports in FY 2024-25

Import side: 0.14% of Chapter 84’s imports

Rank Within Chapter 84

FY 2024-25

#39 of 86

Position by export value among subchapters in Chapter 84

Import-side rank: #66 of 86

At a glance

−5.21%

Export CAGR

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

#345

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+48.34%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.45%

Contribution to Ch. 84

Share of Chapter 84 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8406

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 #202

Balance

+1,083.87

Exports

1,766.96 ₹ Cr

0.0770% share

— YoY

1.20% of Ch. 84

Imports

683.09 ₹ Cr

0.0190% share

— YoY

0.22% of Ch. 84

FY 2019-20 Exp. Rank #229

Balance

+600.92

Exports

1,408.92 ₹ Cr

0.0638% share

−20.26% YoY

0.95% of Ch. 84

Imports

808.00 ₹ Cr

0.0241% share

+18.29% YoY

0.26% of Ch. 84

FY 2020-21 Exp. Rank #186

Balance

+958.73

Exports

2,089.99 ₹ Cr

0.0972% share

+48.34% YoY

1.49% of Ch. 84

Imports

1,131.26 ₹ Cr

0.0388% share

+40.01% YoY

0.41% of Ch. 84

FY 2021-22 Exp. Rank #258

Balance

+565.18

Exports

1,653.70 ₹ Cr

0.0527% share

−20.88% YoY

0.87% of Ch. 84

Imports

1,088.52 ₹ Cr

0.0238% share

−3.78% YoY

0.29% of Ch. 84

FY 2022-23 Exp. Rank #360

Balance

+435.37

Exports

1,141.84 ₹ Cr

0.0315% share

−30.95% YoY

0.52% of Ch. 84

Imports

706.47 ₹ Cr

0.0123% share

−35.10% YoY

0.16% of Ch. 84

FY 2023-24 Exp. Rank #354

Balance

+389.49

Exports

1,223.00 ₹ Cr

0.0338% share

+7.11% YoY

0.49% of Ch. 84

Imports

833.51 ₹ Cr

0.0148% share

+17.98% YoY

0.18% of Ch. 84

FY 2024-25 Exp. Rank #345

Balance

+528.65

Exports

1,281.83 ₹ Cr

0.0346% share

+4.81% YoY

0.45% of Ch. 84

Imports

753.18 ₹ Cr

0.0124% share

−9.64% YoY

0.14% of Ch. 84

CAGR · 7-Year

Exports

−5.21% /yr

Imports

1.64% /yr

Consistently Surplus
Chapter 84 total

reference, FY 2024-25

Export

₹2,83,259.46 Cr

Import

₹5,43,949.32 Cr

Trade Balance

−2,60,689.86

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

Key Trade Insights: HSN Sub-Chapter 8406 Export-Import Analysis

Export Decline: −5.21% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8406 have declined at a compound annual rate of −5.21% over 7 fiscal years, falling from ₹1,766.96 Crore in FY 2018-19 to ₹1,281.83 Crore in FY 2024-25.

HSN Sub-Chapter 8406 Ranked #345 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8406 ranks #345 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #39 of 86. By trade surplus, it ranks #254 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 8406 Exports

The strongest single-year export movement for HSN Sub-Chapter 8406 was recorded in FY 2020-21, when exports surged by 48.34% over the prior year.

India Maintains a Trade Surplus of ₹528.65 Crore in HSN Sub-Chapter 8406 Goods

In FY 2024-25, India's exports of ₹1,281.83 Cr exceeded imports of ₹753.18 Cr, resulting in a trade surplus of ₹528.65 Crore — ranking #254 of 1233 by surplus magnitude.

Import Growth of 1.64% CAGR Signals Stable Import Dependency for Steam & vapour turbines

India's imports under HSN Sub-Chapter 8406 have grown at 1.64% CAGR, reaching ₹753.18 Crore in FY 2024-25.

HSN Sub-Chapter 8406 Contributes 0.45% of Chapter 84 Exports — Ranked #39

Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8406 ranks #39 by export value — accounting for 0.45% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.14% share (rank #66).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8406 and GST compliance.

What products are classified under HSN 8406

It includes Steam & vapour turbines

If I repair and return Steam & vapour turbines, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Does MRP, weight or pack size change GST treatment for Steam & vapour turbines?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

Can reverse charge ever apply to transactions involving Steam & vapour turbines?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Steam & vapour turbines are forward charge. Check the current notifications for any special cases before deciding.

How are warranty replacements of Steam & vapour turbines handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

Any special steps when selling Steam & vapour turbines through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

What are the e‑way bill and e‑invoice points while moving Steam & vapour turbines?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

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.

Explore More HSN Codes from Chapter 84