Consistent Export Growth: 10.04% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8607 have grown at a compound annual rate of 10.04% over 7 fiscal years, rising from ₹736.35 Crore in FY 2018-19 to ₹1,306.99 Crore in FY 2024-25.
HSN Sub Chapter 8607 represents Railway parts under GST classification. This code helps businesses identify Railway parts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8607, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Railway parts.
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GST Rate for Railway parts under HSN Code 8607. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Railway parts.
Tariff HSN
Description
Bogies, bissel-bogies, axles and wheels, and parts thereof : Driving bogies and bissel-bogies
Tariff HSN
Description
Bogies, bissel-bogies, axles and wheels, and parts thereof : Other bogies and bissel-bogies
Tariff HSN
Description
Bogies, bissel-bogies, axles and wheels, and parts thereof : Other including parts : Axles, wheels for coaches, van and wagons (rolling-stock)
Tariff HSN
Description
Bogies, bissel-bogies, axles and wheels, and parts thereof : Other including parts : Axles and wheels for locomotives
Tariff HSN
Description
Bogies, bissel-bogies, axles and wheels, and parts thereof : Other including parts : Axle boxes (lubricating or grease box)
Tariff HSN
Description
Bogies, bissel-bogies, axles and wheels, and parts thereof : Other including parts : Other parts of axles and wheels
Tariff HSN
Description
Brakes and parts thereof : Air brakes and parts thereof
Tariff HSN
Description
Brakes and parts thereof : Other
Tariff HSN
Description
Hooks and other coupling devices, buffers and parts thereof : Buffers and coupling devices
Tariff HSN
Description
Hooks and other coupling devices, buffers and parts thereof : Other
Tariff HSN
Description
Other : Of locomotives
Tariff HSN
Description
Other : Other : Parts of coach work of railway running stock
Tariff HSN
Description
Other : Other : Parts of tramway, locomotives and running stock
Tariff HSN
Description
Other : Other : Hydraulic shock absorbers for railway bogies
Tariff HSN
Description
Other : Other : Other
India’s Exports
FY 2024-25₹1,307 Cr
0.0353% of India’s total exports
India’s Imports
FY 2024-25₹4,072 Cr
0.0668% of India’s total imports
Trade Balance
FY 2024-25−₹2,765 Cr
Surplus rank #1061 of 1233 subchapters
% of Chapter 86
FY 2024-2543.29%
Share of Chapter 86’s total exports in FY 2024-25
Import side: 64.35% of Chapter 86’s imports
Rank Within Chapter 86
FY 2024-25#1 of 9
Position by export value among subchapters in Chapter 86
Import-side rank: #1 of 9
At a glance
10.04%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#341
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+76.22%
Peak Growth Year
FY 2023-24 · strongest single-year move
43.29%
Contribution to Ch. 86
Share of Chapter 86 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
−963.79
Exports
736.35 ₹ Cr
0.0321% share
— YoY
20.94% of Ch. 86
Imports
1,700.14 ₹ Cr
0.0473% share
— YoY
34.55% of Ch. 86
Balance
−1,071.82
Exports
511.51 ₹ Cr
0.0232% share
−30.53% YoY
28.07% of Ch. 86
Imports
1,583.33 ₹ Cr
0.0472% share
−6.87% YoY
45.63% of Ch. 86
Balance
−1,094.83
Exports
480.21 ₹ Cr
0.0223% share
−6.12% YoY
37.77% of Ch. 86
Imports
1,575.04 ₹ Cr
0.0541% share
−0.52% YoY
41.06% of Ch. 86
Balance
−1,082.06
Exports
509.30 ₹ Cr
0.0162% share
+6.06% YoY
16.41% of Ch. 86
Imports
1,591.36 ₹ Cr
0.0348% share
+1.04% YoY
41.75% of Ch. 86
Balance
−2,095.95
Exports
705.71 ₹ Cr
0.0195% share
+38.56% YoY
23.75% of Ch. 86
Imports
2,801.66 ₹ Cr
0.0487% share
+76.05% YoY
53.55% of Ch. 86
Balance
−3,805.98
Exports
1,243.61 ₹ Cr
0.0344% share
+76.22% YoY
47.65% of Ch. 86
Imports
5,049.59 ₹ Cr
0.0899% share
+80.24% YoY
78.49% of Ch. 86
Balance
−2,764.91
Exports
1,306.99 ₹ Cr
0.0353% share
+5.10% YoY
43.29% of Ch. 86
Imports
4,071.90 ₹ Cr
0.0668% share
−19.36% YoY
64.35% of Ch. 86
CAGR · 7-Year
Exports
10.04% /yr
Imports
15.67% /yr
reference, FY 2024-25
Export
₹3,019.47 Cr
Import
₹6,328.23 Cr
Trade Balance
−3,308.76
India's exports under HSN Sub-Chapter 8607 have grown at a compound annual rate of 10.04% over 7 fiscal years, rising from ₹736.35 Crore in FY 2018-19 to ₹1,306.99 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8607 ranks #341 out of 1233 subchapters by total export value. Within Chapter 86, it ranks #1 of 9. By trade surplus, it ranks #1061 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8607 was recorded in FY 2023-24, when exports surged by 76.22% over the prior year.
In FY 2024-25, India's imports of ₹4,071.90 Cr exceeded exports of ₹1,306.99 Cr, resulting in a trade deficit of ₹2,764.91 Crore — ranking #1061 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8607 have grown at 15.67% CAGR, reaching ₹4,071.90 Crore in FY 2024-25.
Among the 9 subchapters under Chapter 86, HSN Sub-Chapter 8607 ranks #1 by export value — accounting for 43.29% of the chapter's total exports in FY 2024-25. On the import side, it holds 64.35% share (rank #1).
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 8607 and GST compliance.
It includes Railway parts
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Railway parts are forward charge. Check the current notifications for any special cases before deciding.
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.
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.
Use a delivery challan for sending Railway parts to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.