Consistent Export Growth: 9.09% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8408 have grown at a compound annual rate of 9.09% over 7 fiscal years, rising from ₹6,665.31 Crore in FY 2018-19 to ₹11,234.31 Crore in FY 2024-25.
HSN Sub Chapter 8408 represents Diesel Engines under GST classification. This code helps businesses identify Diesel Engines correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8408, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Diesel Engines.
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GST Rate for Diesel Engines under HSN Code 8408. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Diesel Engines.
Tariff HSN
Description
Marine propulsion engines: Outboard engines
Tariff HSN
Description
Marine propulsion engines: Other : Of a cylinder capacity not exceeding 100 cc
Tariff HSN
Description
Marine propulsion engines: Other : Of a cylinder capacity exceeding 100 cc but not exceeding 250 cc
Tariff HSN
Description
Marine propulsion engines: Other : Of a cylinder capacity exceeding 250 cc
Tariff HSN
Description
Engines of a kind used for the propulsion of vehicles of Chapter 87: Of cylinder capacity not exceeding 250 cc
Tariff HSN
Description
Engines of a kind used for the propulsion of vehicles of Chapter 87: Engines of cylinder capacity exceeding 250 cc
Tariff HSN
Description
Other engines: Stationary engines of cylinder capacity exceeding 50 cc
Tariff HSN
Description
Other engines: Other
India’s Exports
FY 2024-25₹11,234 Cr
0.3034% of India’s total exports
India’s Imports
FY 2024-25₹5,024 Cr
0.0824% of India’s total imports
Trade Balance
FY 2024-25₹6,211 Cr
Surplus rank #58 of 1233 subchapters
% of Chapter 84
FY 2024-253.97%
Share of Chapter 84’s total exports in FY 2024-25
Import side: 0.92% of Chapter 84’s imports
Rank Within Chapter 84
FY 2024-25#9 of 86
Position by export value among subchapters in Chapter 84
Import-side rank: #26 of 86
At a glance
9.09%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#56
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+41.31%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.97%
Contribution to Ch. 84
Share of Chapter 84 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+3,976.16
Exports
6,665.31 ₹ Cr
0.2904% share
— YoY
4.55% of Ch. 84
Imports
2,689.15 ₹ Cr
0.0749% share
— YoY
0.88% of Ch. 84
Balance
+3,757.10
Exports
6,291.67 ₹ Cr
0.2849% share
−5.61% YoY
4.26% of Ch. 84
Imports
2,534.57 ₹ Cr
0.0756% share
−5.75% YoY
0.83% of Ch. 84
Balance
+4,583.36
Exports
6,640.67 ₹ Cr
0.3087% share
+5.55% YoY
4.74% of Ch. 84
Imports
2,057.31 ₹ Cr
0.0706% share
−18.83% YoY
0.75% of Ch. 84
Balance
+6,003.63
Exports
9,384.24 ₹ Cr
0.2990% share
+41.31% YoY
4.95% of Ch. 84
Imports
3,380.61 ₹ Cr
0.0740% share
+64.32% YoY
0.90% of Ch. 84
Balance
+6,696.88
Exports
10,974.43 ₹ Cr
0.3031% share
+16.95% YoY
4.97% of Ch. 84
Imports
4,277.55 ₹ Cr
0.0744% share
+26.53% YoY
0.98% of Ch. 84
Balance
+5,791.20
Exports
10,680.59 ₹ Cr
0.2952% share
−2.68% YoY
4.29% of Ch. 84
Imports
4,889.39 ₹ Cr
0.0871% share
+14.30% YoY
1.03% of Ch. 84
Balance
+6,210.78
Exports
11,234.31 ₹ Cr
0.3034% share
+5.18% YoY
3.97% of Ch. 84
Imports
5,023.53 ₹ Cr
0.0824% share
+2.74% YoY
0.92% of Ch. 84
CAGR · 7-Year
Exports
9.09% /yr
Imports
10.98% /yr
reference, FY 2024-25
Export
₹2,83,259.46 Cr
Import
₹5,43,949.32 Cr
Trade Balance
−2,60,689.86
India's exports under HSN Sub-Chapter 8408 have grown at a compound annual rate of 9.09% over 7 fiscal years, rising from ₹6,665.31 Crore in FY 2018-19 to ₹11,234.31 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8408 ranks #56 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #9 of 86. By trade surplus, it ranks #58 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8408 was recorded in FY 2021-22, when exports surged by 41.31% over the prior year.
In FY 2024-25, India's exports of ₹11,234.31 Cr exceeded imports of ₹5,023.53 Cr, resulting in a trade surplus of ₹6,210.78 Crore — ranking #58 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8408 have grown at 10.98% CAGR, reaching ₹5,023.53 Crore in FY 2024-25.
Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8408 ranks #9 by export value — accounting for 3.97% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.92% share (rank #26).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 8408 and GST compliance.
It includes Diesel Engines
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Diesel Engines are forward charge. Check the current notifications for any special cases before deciding.
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.