Consistent Export Growth: 25.16% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8709 have grown at a compound annual rate of 25.16% over 7 fiscal years, rising from ₹41.18 Crore in FY 2018-19 to ₹158.32 Crore in FY 2024-25.
HSN Sub Chapter 8709 represents Works Trucks, Self-Propelled, Parts under GST classification. This code helps businesses identify Works Trucks, Self-Propelled, Parts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8709, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Works Trucks, Self-Propelled, Parts.
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GST Rate for Works Trucks, Self-Propelled, Parts under HSN Code 8709. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Chapter No
87HSN Code
HSN Description
Works trucks, self-propelled, not fitted with lifting or handling equipment, of the type used in factories, warehouses, dock areas or airports for short distance transport of goods; tractors of the type used on railway station platforms; parts of the foregoing vehicles
New GST Rate
Old GST Rate
Following tariff HSN codes fall under Works Trucks, Self-Propelled, Parts.
India’s Exports
FY 2024-25₹158 Cr
0.0043% of India’s total exports
India’s Imports
FY 2024-25₹159 Cr
0.0026% of India’s total imports
Trade Balance
FY 2024-25−₹1 Cr
Surplus rank #535 of 1233 subchapters
% of Chapter 87
FY 2024-250.08%
Share of Chapter 87’s total exports in FY 2024-25
Import side: 0.23% of Chapter 87’s imports
Rank Within Chapter 87
FY 2024-25#14 of 16
Position by export value among subchapters in Chapter 87
Import-side rank: #10 of 16
At a glance
25.16%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#750
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+109.94%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.08%
Contribution to Ch. 87
Share of Chapter 87 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
−39.08
Exports
41.18 ₹ Cr
0.0018% share
— YoY
0.03% of Ch. 87
Imports
80.26 ₹ Cr
0.0022% share
— YoY
0.19% of Ch. 87
Balance
−135.26
Exports
22.00 ₹ Cr
0.0010% share
−46.58% YoY
0.02% of Ch. 87
Imports
157.26 ₹ Cr
0.0047% share
+95.94% YoY
0.42% of Ch. 87
Balance
−70.44
Exports
20.52 ₹ Cr
0.0010% share
−6.73% YoY
0.02% of Ch. 87
Imports
90.96 ₹ Cr
0.0031% share
−42.16% YoY
0.27% of Ch. 87
Balance
−77.93
Exports
21.69 ₹ Cr
0.0007% share
+5.70% YoY
0.01% of Ch. 87
Imports
99.62 ₹ Cr
0.0022% share
+9.52% YoY
0.21% of Ch. 87
Balance
−375.60
Exports
39.52 ₹ Cr
0.0011% share
+82.20% YoY
0.02% of Ch. 87
Imports
415.12 ₹ Cr
0.0072% share
+316.70% YoY
0.72% of Ch. 87
Balance
−173.77
Exports
82.97 ₹ Cr
0.0023% share
+109.94% YoY
0.05% of Ch. 87
Imports
256.74 ₹ Cr
0.0046% share
−38.15% YoY
0.41% of Ch. 87
Balance
−1.02
Exports
158.32 ₹ Cr
0.0043% share
+90.82% YoY
0.08% of Ch. 87
Imports
159.34 ₹ Cr
0.0026% share
−37.94% YoY
0.23% of Ch. 87
CAGR · 7-Year
Exports
25.16% /yr
Imports
12.11% /yr
reference, FY 2024-25
Export
₹1,91,608.67 Cr
Import
₹69,864.41 Cr
Trade Balance
+1,21,744.26
India's exports under HSN Sub-Chapter 8709 have grown at a compound annual rate of 25.16% over 7 fiscal years, rising from ₹41.18 Crore in FY 2018-19 to ₹158.32 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8709 ranks #750 out of 1233 subchapters by total export value. Within Chapter 87, it ranks #14 of 16. By trade surplus, it ranks #535 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8709 was recorded in FY 2023-24, when exports surged by 109.94% over the prior year.
In FY 2024-25, India's imports of ₹159.34 Cr exceeded exports of ₹158.32 Cr, resulting in a trade deficit of ₹1.02 Crore — ranking #535 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8709 have grown at 12.11% CAGR, reaching ₹159.34 Crore in FY 2024-25.
Among the 16 subchapters under Chapter 87, HSN Sub-Chapter 8709 ranks #14 by export value — accounting for 0.08% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.23% share (rank #10).
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Clear answers to common queries about HSN Sub Chapter 8709 and GST compliance.
It includes Works Trucks, Self-Propelled, Parts
If your outward supply of Works Trucks, Self-Propelled, Parts 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.
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.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
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.
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.