8903 HSN Code: Pleasure Yachts & Boats

HSN Sub Chapter 8903 represents Pleasure Yachts & Boats under GST classification. This code helps businesses identify Pleasure Yachts & Boats correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8903, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Pleasure Yachts & Boats.

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New GST Rate for HSN Code 8903

GST Rate for Pleasure Yachts & Boats under HSN Code 8903. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

89

HSN Code

8903

HSN Description

Yachts and other vessels for pleasure or sports; rowing boats and canoes

New GST Rate

18 %
Standard

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 8903

Following tariff HSN codes fall under Pleasure Yachts & Boats.

Tariff HSN

89031000

Description

Yachts and other vessels for pleasure or sports; rowing boats and canoes inflatable

Tariff HSN

89031100

Description

Inflatable (including right hull inflatable) boats: Fitted or designed to be fitted with a motor, unladen (net) weight (excluding the motor) not exceeding 100 kg

Tariff HSN

89031200

Description

Inflatable (including right hull inflatable) boats: Not designed for use with a motor and unladen (net) weight not exceeding 100 kg

Tariff HSN

89031900

Description

Inflatable (including right hull inflatable) boats: Other

Tariff HSN

89032100

Description

Sailboats, other than inflatable, with or without auxiliary motor: Of a length not exceeding 7.5 m

Tariff HSN

89032200

Description

Sailboats, other than inflatable, with or without auxiliary motor: Of a length exceeding 7.5 m but not exceeding 24 m

Tariff HSN

89032300

Description

Sailboats, other than inflatable, with or without auxiliary motor: Of a length exceeding 24 m

Tariff HSN

89033100

Description

Motorboats, other than inflatable, not including outboard motorboats : Of a length not exceeding 7.5 m

Tariff HSN

89033200

Description

Motorboats, other than inflatable, not including outboard motorboats : Of a length exceeding 7.5 m but not exceeding 24 m

Tariff HSN

89033300

Description

Motorboats, other than inflatable, not including outboard motorboats : Of a length exceeding 24 m

Tariff HSN

89039100

Description

Yachts and other vessels for pleasure or sports; rowing boats and canoes - other : sail boats, with or without auxiliary motor

Tariff HSN

89039200

Description

Yachts and other vessels for pleasure or sports; rowing boats and canoes - other : motorboats, other than outboard motorboats

Tariff HSN

89039300

Description

Other: Of a length not exceeding 7.5 m

Tariff HSN

89039900

Description

Other: Other

Tariff HSN

89039910

Description

Yachts and other vessels for pleasure or sports; rowing boats and canoes - other : - other : canoes

Tariff HSN

89039990

Description

Yachts and other vessels for pleasure or sports; rowing boats and canoes - other : - other : other

India’s Trade Performance — HSN Sub-Chapter 8903 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

₹16 Cr

+787.29% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹58 Cr

+179.90% vs FY 2023-24

0.0010% of India’s total imports

Trade Balance

FY 2024-25

−₹42 Cr

Trade Deficit

Surplus rank #659 of 1233 subchapters

% of Chapter 89

FY 2024-25

0.04%

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

Import side: 0.15% of Chapter 89’s imports

Rank Within Chapter 89

FY 2024-25

#6 of 8

Position by export value among subchapters in Chapter 89

Import-side rank: #7 of 8

At a glance

8.07%

Export CAGR

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

#1017

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+787.29%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.04%

Contribution to Ch. 89

Share of Chapter 89 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8903

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 #1007

Balance

−36.27

Exports

10.08 ₹ Cr

0.0004% share

— YoY

0.03% of Ch. 89

Imports

46.35 ₹ Cr

0.0013% share

— YoY

0.11% of Ch. 89

FY 2019-20 Exp. Rank #1107

Balance

−8.46

Exports

1.60 ₹ Cr

0.0001% share

−84.13% YoY

0.01% of Ch. 89

Imports

10.06 ₹ Cr

0.0003% share

−78.30% YoY

0.02% of Ch. 89

FY 2020-21 Exp. Rank #1121

Balance

−10.49

Exports

1.15 ₹ Cr

0.0001% share

−28.13% YoY

0.00% of Ch. 89

Imports

11.64 ₹ Cr

0.0004% share

+15.71% YoY

0.04% of Ch. 89

FY 2021-22 Exp. Rank #1089

Balance

−4.80

Exports

3.29 ₹ Cr

0.0001% share

+186.09% YoY

0.01% of Ch. 89

Imports

8.09 ₹ Cr

0.0002% share

−30.50% YoY

0.03% of Ch. 89

FY 2022-23 Exp. Rank #1007

Balance

−3.17

Exports

15.31 ₹ Cr

0.0004% share

+365.35% YoY

0.05% of Ch. 89

Imports

18.48 ₹ Cr

0.0003% share

+128.43% YoY

0.03% of Ch. 89

FY 2023-24 Exp. Rank #1126

Balance

−19.04

Exports

1.81 ₹ Cr

0.0001% share

−88.18% YoY

0.01% of Ch. 89

Imports

20.85 ₹ Cr

0.0004% share

+12.82% YoY

0.07% of Ch. 89

FY 2024-25 Exp. Rank #1017

Balance

−42.30

Exports

16.06 ₹ Cr

0.0004% share

+787.29% YoY

0.04% of Ch. 89

Imports

58.36 ₹ Cr

0.0010% share

+179.90% YoY

0.15% of Ch. 89

CAGR · 7-Year

Exports

8.07% /yr

Imports

3.91% /yr

Consistently Deficit
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 8903 Export-Import Analysis

Consistent Export Growth: 8.07% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8903 have grown at a compound annual rate of 8.07% over 7 fiscal years, rising from ₹10.08 Crore in FY 2018-19 to ₹16.06 Crore in FY 2024-25.

HSN Sub-Chapter 8903 Ranked #1017 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8903 ranks #1017 out of 1233 subchapters by total export value. Within Chapter 89, it ranks #6 of 8. By trade surplus, it ranks #659 of 1233.

FY 2024-25 Was the Strongest Growth Year for HSN Sub-Chapter 8903 Exports

The strongest single-year export movement for HSN Sub-Chapter 8903 was recorded in FY 2024-25, when exports surged by 787.29% over the prior year.

India Records a Trade Deficit of ₹42.30 Crore in HSN Sub-Chapter 8903 Goods

In FY 2024-25, India's imports of ₹58.36 Cr exceeded exports of ₹16.06 Cr, resulting in a trade deficit of ₹42.30 Crore — ranking #659 of 1233 by surplus magnitude.

Import Growth of 3.91% CAGR Signals Stable Import Dependency for Pleasure Yachts & Boats

India's imports under HSN Sub-Chapter 8903 have grown at 3.91% CAGR, reaching ₹58.36 Crore in FY 2024-25.

HSN Sub-Chapter 8903 Contributes 0.04% of Chapter 89 Exports — Ranked #6

Among the 8 subchapters under Chapter 89, HSN Sub-Chapter 8903 ranks #6 by export value — accounting for 0.04% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8903 and GST compliance.

What products are classified under HSN 8903

It includes Pleasure Yachts & Boats

What are the e‑way bill and e‑invoice points while moving Pleasure Yachts & Boats?

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.

Any import/export nuance for Pleasure Yachts & Boats?

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.

Does packaging or branding change how GST applies to Pleasure Yachts & Boats?

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

How should I document Pleasure Yachts & Boats sent for job work?

Use a delivery challan for sending Pleasure Yachts & Boats 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.

Does MRP, weight or pack size change GST treatment for Pleasure Yachts & Boats?

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 do I bill a kit or combo that includes Pleasure Yachts & Boats?

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.

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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