8902 HSN Code: Fishing Vessels

HSN Sub Chapter 8902 represents Fishing Vessels under GST classification. This code helps businesses identify Fishing Vessels correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8902, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fishing Vessels.

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New GST Rate for HSN Code 8902

GST Rate for Fishing Vessels under HSN Code 8902. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

89

HSN Code

8902

HSN Description

Fishing vessels; factory ships and other vessels for processing or preserving fishery products

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 8902

Following tariff HSN codes fall under Fishing Vessels.

Tariff HSN

89020010

Description

Fishing vessels; factory ships and other vessels for processing or preserving fishery products : Trawlers and other fishing vessels

Tariff HSN

89020090

Description

Fishing vessels; factory ships and other vessels for processing or preserving fishery products : Other

India’s Trade Performance — HSN Sub-Chapter 8902 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

₹6 Cr

−63.34% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹6 Cr

Trade Surplus

Surplus rank #487 of 1233 subchapters

% of Chapter 89

FY 2024-25

0.02%

Share of Chapter 89’s total exports in FY 2024-25

Import side: 0.00% of Chapter 89’s imports

Rank Within Chapter 89

FY 2024-25

#7 of 8

Position by export value among subchapters in Chapter 89

At a glance

192.32%

Export CAGR

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

#1075

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+28,266.67%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.02%

Contribution to Ch. 89

Share of Chapter 89 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8902

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 #1201

Balance

−0.04

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 89

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 89

FY 2019-20

Balance

−0.37

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 89

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+640.00% YoY

0.00% of Ch. 89

FY 2020-21 Exp. Rank #1194

Balance

−0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 89

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−91.89% YoY

0.00% of Ch. 89

FY 2021-22 Exp. Rank #1101

Balance

+2.25

Exports

2.35 ₹ Cr

0.0001% share

+11,650.00% YoY

0.01% of Ch. 89

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+233.33% YoY

0.00% of Ch. 89

FY 2022-23 Exp. Rank #1185

Balance

−0.49

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−97.45% YoY

0.00% of Ch. 89

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+450.00% YoY

0.00% of Ch. 89

FY 2023-24 Exp. Rank #1006

Balance

+17.02

Exports

17.02 ₹ Cr

0.0005% share

+28,266.67% YoY

0.05% of Ch. 89

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Ch. 89

FY 2024-25 Exp. Rank #1075

Balance

+6.24

Exports

6.24 ₹ Cr

0.0002% share

−63.34% YoY

0.02% of Ch. 89

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 89

CAGR · 7-Year

Exports

192.32% /yr

Imports

—

Consistently Surplus
Chapter 89 total

reference, FY 2024-25

Export

₹36,176.60 Cr

Import

₹39,208.37 Cr

Trade Balance

−3,031.77

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

Key Trade Insights: HSN Sub-Chapter 8902 Export-Import Analysis

Consistent Export Growth: 192.32% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8902 have grown at a compound annual rate of 192.32% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹6.24 Crore in FY 2024-25.

HSN Sub-Chapter 8902 Ranked #1075 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8902 ranks #1075 out of 1233 subchapters by total export value. Within Chapter 89, it ranks #7 of 8. By trade surplus, it ranks #487 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 8902 Exports

The strongest single-year export movement for HSN Sub-Chapter 8902 was recorded in FY 2023-24, when exports surged by 28,266.67% over the prior year.

India Maintains a Trade Surplus of ₹6.24 Crore in HSN Sub-Chapter 8902 Goods

In FY 2024-25, India's exports of ₹6.24 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹6.24 Crore — ranking #487 of 1233 by surplus magnitude.

HSN Sub-Chapter 8902 Contributes 0.02% of Chapter 89 Exports — Ranked #7

Among the 8 subchapters under Chapter 89, HSN Sub-Chapter 8902 ranks #7 by export value — accounting for 0.02% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8902 and GST compliance.

What products are classified under HSN 8902

It includes Fishing Vessels

Does packaging or branding change how GST applies to Fishing Vessels?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Fishing Vessels 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.

Can reverse charge ever apply to transactions involving Fishing Vessels?

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

What should my invoice and records include for Fishing Vessels?

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.

Does MRP, weight or pack size change GST treatment for Fishing Vessels?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

How are warranty replacements of Fishing Vessels handled?

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.

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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