Export Decline: −17.42% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 8905 have declined at a compound annual rate of −17.42% over 7 fiscal years, falling from ₹26,839.77 Crore in FY 2018-19 to ₹8,509.05 Crore in FY 2024-25.
HSN Sub Chapter 8905 represents Vessels, floating docks & platforms under GST classification. This code helps businesses identify Vessels, floating docks & platforms correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8905, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vessels, floating docks & platforms.
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GST Rate for Vessels, floating docks & platforms under HSN Code 8905. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Vessels, floating docks & platforms.
India’s Exports
FY 2024-25₹8,509 Cr
0.2298% of India’s total exports
India’s Imports
FY 2024-25₹13,678 Cr
0.2243% of India’s total imports
Trade Balance
FY 2024-25−₹5,169 Cr
Surplus rank #1115 of 1233 subchapters
% of Chapter 89
FY 2024-2523.52%
Share of Chapter 89’s total exports in FY 2024-25
Import side: 34.89% of Chapter 89’s imports
Rank Within Chapter 89
FY 2024-25#2 of 8
Position by export value among subchapters in Chapter 89
Import-side rank: #1 of 8
At a glance
−17.42%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#83
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+28.15%
Peak Growth Year
FY 2020-21 · strongest single-year move
23.52%
Contribution to Ch. 89
Share of Chapter 89 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
+1,060.22
Exports
26,839.77 ₹ Cr
1.1693% share
— YoY
68.37% of Ch. 89
Imports
25,779.55 ₹ Cr
0.7179% share
— YoY
63.20% of Ch. 89
Balance
−4,862.45
Exports
19,000.04 ₹ Cr
0.8602% share
−29.21% YoY
59.15% of Ch. 89
Imports
23,862.49 ₹ Cr
0.7113% share
−7.44% YoY
59.01% of Ch. 89
Balance
+3,638.96
Exports
24,349.39 ₹ Cr
1.1321% share
+28.15% YoY
72.76% of Ch. 89
Imports
20,710.43 ₹ Cr
0.7108% share
−13.21% YoY
66.92% of Ch. 89
Balance
+2,863.34
Exports
20,278.55 ₹ Cr
0.6462% share
−16.72% YoY
75.17% of Ch. 89
Imports
17,415.21 ₹ Cr
0.3810% share
−15.91% YoY
55.16% of Ch. 89
Balance
−17,081.99
Exports
17,184.65 ₹ Cr
0.4746% share
−15.26% YoY
52.96% of Ch. 89
Imports
34,266.64 ₹ Cr
0.5960% share
+96.76% YoY
60.21% of Ch. 89
Balance
+1,133.60
Exports
13,154.39 ₹ Cr
0.3636% share
−23.45% YoY
39.16% of Ch. 89
Imports
12,020.79 ₹ Cr
0.2141% share
−64.92% YoY
38.66% of Ch. 89
Balance
−5,169.05
Exports
8,509.05 ₹ Cr
0.2298% share
−35.31% YoY
23.52% of Ch. 89
Imports
13,678.10 ₹ Cr
0.2243% share
+13.79% YoY
34.89% of Ch. 89
CAGR · 7-Year
Exports
−17.42% /yr
Imports
−10.02% /yr
reference, FY 2024-25
Export
₹36,176.60 Cr
Import
₹39,208.37 Cr
Trade Balance
−3,031.77
India's exports under HSN Sub-Chapter 8905 have declined at a compound annual rate of −17.42% over 7 fiscal years, falling from ₹26,839.77 Crore in FY 2018-19 to ₹8,509.05 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 8905 ranks #83 out of 1233 subchapters by total export value. Within Chapter 89, it ranks #2 of 8. By trade surplus, it ranks #1115 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 8905 was recorded in FY 2020-21, when exports surged by 28.15% over the prior year.
In FY 2024-25, India's imports of ₹13,678.10 Cr exceeded exports of ₹8,509.05 Cr, resulting in a trade deficit of ₹5,169.05 Crore — ranking #1115 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 8905 have grown at −10.02% CAGR, reaching ₹13,678.10 Crore in FY 2024-25.
Among the 8 subchapters under Chapter 89, HSN Sub-Chapter 8905 ranks #2 by export value — accounting for 23.52% of the chapter's total exports in FY 2024-25. On the import side, it holds 34.89% 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 8905 and GST compliance.
It includes Vessels, floating docks & platforms
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.
If your outward supply of Vessels, floating docks & platforms 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.
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.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
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.