8602 HSN Code: Rail locomotives; tender

HSN Sub Chapter 8602 represents Rail locomotives; tender under GST classification. This code helps businesses identify Rail locomotives; tender correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8602, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rail locomotives; tender.

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New GST Rate for HSN Code 8602

GST Rate for Rail locomotives; tender under HSN Code 8602. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

86

HSN Code

8602

HSN Description

Other rail locomotives; locomotive tender

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 8602

Following tariff HSN codes fall under Rail locomotives; tender.

Tariff HSN

86021000

Description

Diesel-electric locomotives

Tariff HSN

86029010

Description

Other : Steam locomotives and tenders thereof

Tariff HSN

86029090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 8602 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

₹358 Cr

+1,567.63% vs FY 2023-24

0.0097% of India’s total exports

India’s Imports

FY 2024-25

₹6 Cr

−65.28% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹352 Cr

Trade Surplus

Surplus rank #284 of 1233 subchapters

% of Chapter 86

FY 2024-25

11.86%

Share of Chapter 86’s total exports in FY 2024-25

Import side: 0.10% of Chapter 86’s imports

Rank Within Chapter 86

FY 2024-25

#4 of 9

Position by export value among subchapters in Chapter 86

Import-side rank: #9 of 9

At a glance

31.22%

Export CAGR

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

#593

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+3,019.83%

Peak Growth Year

FY 2021-22 · strongest single-year move

11.86%

Contribution to Ch. 86

Share of Chapter 86 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8602

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 #780

Balance

−1,629.62

Exports

70.14 ₹ Cr

0.0031% share

— YoY

1.99% of Ch. 86

Imports

1,699.76 ₹ Cr

0.0473% share

— YoY

34.54% of Ch. 86

FY 2019-20 Exp. Rank #561

Balance

+137.96

Exports

239.17 ₹ Cr

0.0108% share

+240.99% YoY

13.12% of Ch. 86

Imports

101.21 ₹ Cr

0.0030% share

−94.05% YoY

2.92% of Ch. 86

FY 2020-21 Exp. Rank #1054

Balance

−7.94

Exports

4.64 ₹ Cr

0.0002% share

−98.06% YoY

0.37% of Ch. 86

Imports

12.58 ₹ Cr

0.0004% share

−87.57% YoY

0.33% of Ch. 86

FY 2021-22 Exp. Rank #721

Balance

+135.06

Exports

144.76 ₹ Cr

0.0046% share

+3,019.83% YoY

4.67% of Ch. 86

Imports

9.70 ₹ Cr

0.0002% share

−22.89% YoY

0.25% of Ch. 86

FY 2022-23 Exp. Rank #915

Balance

+2.33

Exports

42.73 ₹ Cr

0.0012% share

−70.48% YoY

1.44% of Ch. 86

Imports

40.40 ₹ Cr

0.0007% share

+316.49% YoY

0.77% of Ch. 86

FY 2023-24 Exp. Rank #988

Balance

+3.41

Exports

21.47 ₹ Cr

0.0006% share

−49.75% YoY

0.82% of Ch. 86

Imports

18.06 ₹ Cr

0.0003% share

−55.30% YoY

0.28% of Ch. 86

FY 2024-25 Exp. Rank #593

Balance

+351.77

Exports

358.04 ₹ Cr

0.0097% share

+1,567.63% YoY

11.86% of Ch. 86

Imports

6.27 ₹ Cr

0.0001% share

−65.28% YoY

0.10% of Ch. 86

CAGR · 7-Year

Exports

31.22% /yr

Imports

−60.69% /yr

Consistently Surplus
Chapter 86 total

reference, FY 2024-25

Export

₹3,019.47 Cr

Import

₹6,328.23 Cr

Trade Balance

−3,308.76

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

Key Trade Insights: HSN Sub-Chapter 8602 Export-Import Analysis

Consistent Export Growth: 31.22% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8602 have grown at a compound annual rate of 31.22% over 7 fiscal years, rising from ₹70.14 Crore in FY 2018-19 to ₹358.04 Crore in FY 2024-25.

HSN Sub-Chapter 8602 Ranked #593 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8602 ranks #593 out of 1233 subchapters by total export value. Within Chapter 86, it ranks #4 of 9. By trade surplus, it ranks #284 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 8602 Exports

The strongest single-year export movement for HSN Sub-Chapter 8602 was recorded in FY 2021-22, when exports surged by 3,019.83% over the prior year.

India Maintains a Trade Surplus of ₹351.77 Crore in HSN Sub-Chapter 8602 Goods

In FY 2024-25, India's exports of ₹358.04 Cr exceeded imports of ₹6.27 Cr, resulting in a trade surplus of ₹351.77 Crore — ranking #284 of 1233 by surplus magnitude.

Import Growth of −60.69% CAGR Signals Stable Import Dependency for Rail locomotives; tender

India's imports under HSN Sub-Chapter 8602 have grown at −60.69% CAGR, reaching ₹6.27 Crore in FY 2024-25.

HSN Sub-Chapter 8602 Contributes 11.86% of Chapter 86 Exports — Ranked #4

Among the 9 subchapters under Chapter 86, HSN Sub-Chapter 8602 ranks #4 by export value — accounting for 11.86% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.10% share (rank #9).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8602 and GST compliance.

What products are classified under HSN 8602

It includes Rail locomotives; tender

Can I claim ITC on inputs and services used for Rail locomotives; tender?

If your outward supply of Rail locomotives; tender is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Any import/export nuance for Rail locomotives; tender?

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.

Any special steps when selling Rail locomotives; tender 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.

Does packaging or branding change how GST applies to Rail locomotives; tender?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Rail locomotives; tender is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

Is the composition scheme suitable if I mainly trade Rail locomotives; tender?

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.

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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