8407 HSN Code: Retail Filament Yarn

HSN Sub Chapter 8407 represents Retail Filament Yarn under GST classification. This code helps businesses identify Retail Filament Yarn correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8407, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Retail Filament Yarn.

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New GST Rate for HSN Code 8407

GST Rate for Retail Filament Yarn under HSN Code 8407. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

84

HSN Code

8407

HSN Description

Spark-ignition reciprocating or rotary internal combustion piston engines

New GST Rate

5 %
Essential

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 8407

Following tariff HSN codes fall under Retail Filament Yarn.

Tariff HSN

84071000

Description

Aircraft engines

Tariff HSN

84072100

Description

Marine propulsion engines: Outboard motors

Tariff HSN

84072900

Description

Marine propulsion engines: Other

Tariff HSN

84073110

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 : Of a cylinder capacity not exceeding 50 cc : For motor cycles

Tariff HSN

84073190

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 : Of a cylinder capacity not exceeding 50 cc : Other

Tariff HSN

84073210

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 :Of a cylinder capacity exceeding 50 cc but not exceeding 250 cc: For motor cycles

Tariff HSN

84073290

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 :Of a cylinder capacity exceeding 50 cc but not exceeding 250 cc: Other

Tariff HSN

84073310

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 : Of a cylinder capacity exceeding 250 cc but not exceeding 1,000 cc : For motor cars

Tariff HSN

84073320

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 : Of a cylinder capacity exceeding 250 cc but not exceeding 1,000 cc : For motor cycles

Tariff HSN

84073390

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 : Of a cylinder capacity exceeding 250 cc but not exceeding 1,000 cc : Other

Tariff HSN

84073410

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 : Of a cylinder capacity exceeding 1,000 cc: For motor cars

Tariff HSN

84073490

Description

Reciprocating piston engines of a kind used for the propulsion of vehicles of Chapter 87 : Of a cylinder capacity exceeding 1,000 cc: Other

Tariff HSN

84079010

Description

Other engines: Petrol engines

Tariff HSN

84079020

Description

Other engines: Kerosene engines

Tariff HSN

84079090

Description

Other engines: Other

India’s Trade Performance — HSN Sub-Chapter 8407 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

₹4,696 Cr

+21.52% vs FY 2023-24

0.1268% of India’s total exports

India’s Imports

FY 2024-25

₹2,373 Cr

−23.35% vs FY 2023-24

0.0389% of India’s total imports

Trade Balance

FY 2024-25

₹2,322 Cr

Trade Surplus

Surplus rank #120 of 1233 subchapters

% of Chapter 84

FY 2024-25

1.66%

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

Import side: 0.44% of Chapter 84’s imports

Rank Within Chapter 84

FY 2024-25

#17 of 86

Position by export value among subchapters in Chapter 84

Import-side rank: #47 of 86

At a glance

8.62%

Export CAGR

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

#140

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+21.52%

Peak Growth Year

FY 2024-25 · strongest single-year move

1.66%

Contribution to Ch. 84

Share of Chapter 84 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8407

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 #145

Balance

−1,661.59

Exports

2,859.17 ₹ Cr

0.1246% share

— YoY

1.95% of Ch. 84

Imports

4,520.76 ₹ Cr

0.1259% share

— YoY

1.48% of Ch. 84

FY 2019-20 Exp. Rank #123

Balance

−1,607.53

Exports

3,370.90 ₹ Cr

0.1526% share

+17.90% YoY

2.28% of Ch. 84

Imports

4,978.43 ₹ Cr

0.1484% share

+10.12% YoY

1.62% of Ch. 84

FY 2020-21 Exp. Rank #139

Balance

−175.68

Exports

3,021.96 ₹ Cr

0.1405% share

−10.35% YoY

2.16% of Ch. 84

Imports

3,197.64 ₹ Cr

0.1097% share

−35.77% YoY

1.17% of Ch. 84

FY 2021-22 Exp. Rank #165

Balance

−704.89

Exports

3,294.46 ₹ Cr

0.1050% share

+9.02% YoY

1.74% of Ch. 84

Imports

3,999.35 ₹ Cr

0.0875% share

+25.07% YoY

1.06% of Ch. 84

FY 2022-23 Exp. Rank #157

Balance

−112.75

Exports

3,750.37 ₹ Cr

0.1036% share

+13.84% YoY

1.70% of Ch. 84

Imports

3,863.12 ₹ Cr

0.0672% share

−3.41% YoY

0.88% of Ch. 84

FY 2023-24 Exp. Rank #156

Balance

+767.52

Exports

3,864.15 ₹ Cr

0.1068% share

+3.03% YoY

1.55% of Ch. 84

Imports

3,096.63 ₹ Cr

0.0551% share

−19.84% YoY

0.65% of Ch. 84

FY 2024-25 Exp. Rank #140

Balance

+2,322.33

Exports

4,695.76 ₹ Cr

0.1268% share

+21.52% YoY

1.66% of Ch. 84

Imports

2,373.43 ₹ Cr

0.0389% share

−23.35% YoY

0.44% of Ch. 84

CAGR · 7-Year

Exports

8.62% /yr

Imports

−10.18% /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 8407 Export-Import Analysis

Consistent Export Growth: 8.62% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8407 have grown at a compound annual rate of 8.62% over 7 fiscal years, rising from ₹2,859.17 Crore in FY 2018-19 to ₹4,695.76 Crore in FY 2024-25.

HSN Sub-Chapter 8407 Ranked #140 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8407 ranks #140 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #17 of 86. By trade surplus, it ranks #120 of 1233.

FY 2024-25 Was the Strongest Growth Year for HSN Sub-Chapter 8407 Exports

The strongest single-year export movement for HSN Sub-Chapter 8407 was recorded in FY 2024-25, when exports surged by 21.52% over the prior year.

India Maintains a Trade Surplus of ₹2,322.33 Crore in HSN Sub-Chapter 8407 Goods

In FY 2024-25, India's exports of ₹4,695.76 Cr exceeded imports of ₹2,373.43 Cr, resulting in a trade surplus of ₹2,322.33 Crore — ranking #120 of 1233 by surplus magnitude.

Import Growth of −10.18% CAGR Signals Stable Import Dependency for Retail Filament Yarn

India's imports under HSN Sub-Chapter 8407 have grown at −10.18% CAGR, reaching ₹2,373.43 Crore in FY 2024-25.

HSN Sub-Chapter 8407 Contributes 1.66% of Chapter 84 Exports — Ranked #17

Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8407 ranks #17 by export value — accounting for 1.66% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.44% share (rank #47).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8407 and GST compliance.

What products are classified under HSN 8407

It includes Retail Filament Yarn

Any special steps when selling Retail Filament Yarn 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.

Can reverse charge ever apply to transactions involving Retail Filament Yarn?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Retail Filament Yarn are forward charge. Check the current notifications for any special cases before deciding.

Is the composition scheme suitable if I mainly trade Retail Filament Yarn?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Do spares or accessories of Retail Filament Yarn follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

Does MRP, weight or pack size change GST treatment for Retail Filament Yarn?

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.

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.

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