8427 HSN Code: Vehicle Chassis

HSN Sub Chapter 8427 represents Vehicle Chassis under GST classification. This code helps businesses identify Vehicle Chassis correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8427, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vehicle Chassis.

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New GST Rate for HSN Code 8427

GST Rate for Vehicle Chassis under HSN Code 8427. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

84

HSN Code

8427

HSN Description

Fork-lift trucks; other works trucks fitted with lifting or handling equipment

New GST Rate

12 %
Standard

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 8427

Following tariff HSN codes fall under Vehicle Chassis.

Tariff HSN

84271000

Description

Self-propelled trucks powered by an electric motor

Tariff HSN

84272000

Description

Other self-propelled trucks

Tariff HSN

84279000

Description

Other trucks

India’s Trade Performance — HSN Sub-Chapter 8427 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

₹2,087 Cr

−11.90% vs FY 2023-24

0.0564% of India’s total exports

India’s Imports

FY 2024-25

₹2,080 Cr

+20.59% vs FY 2023-24

0.0341% of India’s total imports

Trade Balance

FY 2024-25

₹7 Cr

Trade Surplus

Surplus rank #480 of 1233 subchapters

% of Chapter 84

FY 2024-25

0.74%

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

Import side: 0.38% of Chapter 84’s imports

Rank Within Chapter 84

FY 2024-25

#27 of 86

Position by export value among subchapters in Chapter 84

Import-side rank: #48 of 86

At a glance

68.33%

Export CAGR

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

#263

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+244.19%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.74%

Contribution to Ch. 84

Share of Chapter 84 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8427

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 #733

Balance

−957.96

Exports

91.73 ₹ Cr

0.0040% share

— YoY

0.06% of Ch. 84

Imports

1,049.69 ₹ Cr

0.0292% share

— YoY

0.34% of Ch. 84

FY 2019-20 Exp. Rank #592

Balance

−682.55

Exports

202.83 ₹ Cr

0.0092% share

+121.12% YoY

0.14% of Ch. 84

Imports

885.38 ₹ Cr

0.0264% share

−15.65% YoY

0.29% of Ch. 84

FY 2020-21 Exp. Rank #663

Balance

−532.05

Exports

143.56 ₹ Cr

0.0067% share

−29.22% YoY

0.10% of Ch. 84

Imports

675.61 ₹ Cr

0.0232% share

−23.69% YoY

0.25% of Ch. 84

FY 2021-22 Exp. Rank #584

Balance

−706.00

Exports

300.57 ₹ Cr

0.0096% share

+109.37% YoY

0.16% of Ch. 84

Imports

1,006.57 ₹ Cr

0.0220% share

+48.99% YoY

0.27% of Ch. 84

FY 2022-23 Exp. Rank #437

Balance

−620.64

Exports

688.24 ₹ Cr

0.0190% share

+128.98% YoY

0.31% of Ch. 84

Imports

1,308.88 ₹ Cr

0.0228% share

+30.03% YoY

0.30% of Ch. 84

FY 2023-24 Exp. Rank #221

Balance

+644.35

Exports

2,368.87 ₹ Cr

0.0655% share

+244.19% YoY

0.95% of Ch. 84

Imports

1,724.52 ₹ Cr

0.0307% share

+31.76% YoY

0.36% of Ch. 84

FY 2024-25 Exp. Rank #263

Balance

+7.21

Exports

2,086.88 ₹ Cr

0.0564% share

−11.90% YoY

0.74% of Ch. 84

Imports

2,079.67 ₹ Cr

0.0341% share

+20.59% YoY

0.38% of Ch. 84

CAGR · 7-Year

Exports

68.33% /yr

Imports

12.07% /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 8427 Export-Import Analysis

Consistent Export Growth: 68.33% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8427 have grown at a compound annual rate of 68.33% over 7 fiscal years, rising from ₹91.73 Crore in FY 2018-19 to ₹2,086.88 Crore in FY 2024-25.

HSN Sub-Chapter 8427 Ranked #263 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8427 ranks #263 out of 1233 subchapters by total export value. Within Chapter 84, it ranks #27 of 86. By trade surplus, it ranks #480 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 8427 Exports

The strongest single-year export movement for HSN Sub-Chapter 8427 was recorded in FY 2023-24, when exports surged by 244.19% over the prior year.

India Maintains a Trade Surplus of ₹7.21 Crore in HSN Sub-Chapter 8427 Goods

In FY 2024-25, India's exports of ₹2,086.88 Cr exceeded imports of ₹2,079.67 Cr, resulting in a trade surplus of ₹7.21 Crore — ranking #480 of 1233 by surplus magnitude.

Import Growth of 12.07% CAGR Signals Rising Demand for Vehicle Chassis

India's imports under HSN Sub-Chapter 8427 have grown at 12.07% CAGR, reaching ₹2,079.67 Crore in FY 2024-25.

HSN Sub-Chapter 8427 Contributes 0.74% of Chapter 84 Exports — Ranked #27

Among the 86 subchapters under Chapter 84, HSN Sub-Chapter 8427 ranks #27 by export value — accounting for 0.74% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.38% share (rank #48).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8427 and GST compliance.

What products are classified under HSN 8427

It includes Vehicle Chassis

What are the e‑way bill and e‑invoice points while moving Vehicle Chassis?

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.

Can reverse charge ever apply to transactions involving Vehicle Chassis?

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

Is the composition scheme suitable if I mainly trade Vehicle Chassis?

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.

How do I bill a kit or combo that includes Vehicle Chassis?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

Any special steps when selling Vehicle Chassis 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.

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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