8908 HSN Code: Vessels for breaking up

HSN Sub Chapter 8908 represents Vessels for breaking up under GST classification. This code helps businesses identify Vessels for breaking up correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 8908, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vessels for breaking up.

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New GST Rate for HSN Code 8908

GST Rate for Vessels for breaking up under HSN Code 8908. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

89

HSN Code

8908

HSN Description

Vessels and other floating structures for breaking up

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 8908

Following tariff HSN codes fall under Vessels for breaking up.

Tariff HSN

89080000

Description

Vessels and other floating structures for breaking up

India’s Trade Performance — HSN Sub-Chapter 8908 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

< ₹1 Crore

−99.82% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹4,443 Cr

+3.68% vs FY 2023-24

0.0729% of India’s total imports

Trade Balance

FY 2024-25

−₹4,443 Cr

Trade Deficit

Surplus rank #1104 of 1233 subchapters

% of Chapter 89

FY 2024-25

0.00%

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

Import side: 11.33% of Chapter 89’s imports

Rank Within Chapter 89

FY 2024-25

#8 of 8

Position by export value among subchapters in Chapter 89

Import-side rank: #4 of 8

At a glance

−30.66%

Export CAGR

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

#1191

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+84,500.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.00%

Contribution to Ch. 89

Share of Chapter 89 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 8908

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 #1167

Balance

−5,274.60

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 89

Imports

5,274.87 ₹ Cr

0.1469% share

— YoY

12.93% of Ch. 89

FY 2019-20 Exp. Rank #1113

Balance

−4,609.17

Exports

1.35 ₹ Cr

0.0001% share

+400.00% YoY

0.00% of Ch. 89

Imports

4,610.52 ₹ Cr

0.1374% share

−12.59% YoY

11.40% of Ch. 89

FY 2020-21 Exp. Rank #692

Balance

−4,241.46

Exports

119.26 ₹ Cr

0.0055% share

+8,734.07% YoY

0.36% of Ch. 89

Imports

4,360.72 ₹ Cr

0.1497% share

−5.42% YoY

14.09% of Ch. 89

FY 2021-22 Exp. Rank #1062

Balance

−6,156.64

Exports

5.24 ₹ Cr

0.0002% share

−95.61% YoY

0.02% of Ch. 89

Imports

6,161.88 ₹ Cr

0.1348% share

+41.30% YoY

19.52% of Ch. 89

FY 2022-23 Exp. Rank #1197

Balance

−5,639.58

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.62% YoY

0.00% of Ch. 89

Imports

5,639.60 ₹ Cr

0.0981% share

−8.48% YoY

9.91% of Ch. 89

FY 2023-24 Exp. Rank #1007

Balance

−4,268.89

Exports

16.92 ₹ Cr

0.0005% share

+84,500.00% YoY

0.05% of Ch. 89

Imports

4,285.81 ₹ Cr

0.0763% share

−24.01% YoY

13.78% of Ch. 89

FY 2024-25 Exp. Rank #1191

Balance

−4,443.36

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−99.82% YoY

0.00% of Ch. 89

Imports

4,443.39 ₹ Cr

0.0729% share

+3.68% YoY

11.33% of Ch. 89

CAGR · 7-Year

Exports

−30.66% /yr

Imports

−2.82% /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 8908 Export-Import Analysis

Export Decline: −30.66% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 8908 have declined at a compound annual rate of −30.66% over 7 fiscal years, falling from ₹0.27 Crore in FY 2018-19 to ₹0.03 Crore in FY 2024-25.

HSN Sub-Chapter 8908 Ranked #1191 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 8908 ranks #1191 out of 1233 subchapters by total export value. Within Chapter 89, it ranks #8 of 8. By trade surplus, it ranks #1104 of 1233.

FY 2023-24 Was the Strongest Growth Year for HSN Sub-Chapter 8908 Exports

The strongest single-year export movement for HSN Sub-Chapter 8908 was recorded in FY 2023-24, when exports surged by 84,500.00% over the prior year.

India Records a Trade Deficit of ₹4,443.36 Crore in HSN Sub-Chapter 8908 Goods

In FY 2024-25, India's imports of ₹4,443.39 Cr exceeded exports of ₹0.03 Cr, resulting in a trade deficit of ₹4,443.36 Crore — ranking #1104 of 1233 by surplus magnitude.

Import Growth of −2.82% CAGR Signals Stable Import Dependency for Vessels for breaking up

India's imports under HSN Sub-Chapter 8908 have grown at −2.82% CAGR, reaching ₹4,443.39 Crore in FY 2024-25.

HSN Sub-Chapter 8908 Contributes 0.00% of Chapter 89 Exports — Ranked #8

Among the 8 subchapters under Chapter 89, HSN Sub-Chapter 8908 ranks #8 by export value — accounting for 0.00% of the chapter's total exports in FY 2024-25. On the import side, it holds 11.33% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 8908 and GST compliance.

What products are classified under HSN 8908

It includes Vessels for breaking up

Can I claim ITC on inputs and services used for Vessels for breaking up?

If your outward supply of Vessels for breaking up 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.

Any special steps when selling Vessels for breaking up through an e‑commerce platform?

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.

Is the composition scheme suitable if I mainly trade Vessels for breaking up?

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.

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

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.

Do spares or accessories of Vessels for breaking up follow the same HSN?

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.

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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