What is HSN code 89020010?

HSN code 89020010 is a classification under the Harmonized System of Nomenclature used to identify goods for GST in India. The goods description and applicable GST rate are shown in the details on this page.

What is the GST rate for HSN code 89020010?

The GST rate applicable to HSN 89020010 is shown in the details above. GST rates are revised from time to time through CBIC notifications, so always confirm the current rate before raising an invoice.

How many digits does an HSN code have?

Under Indian GST, HSN codes are 2, 4, 6 or 8 digits. Businesses quote 4, 6 or 8 digits on invoices depending on turnover; code 89020010 follows this same structure.

What is the structure of HSN code 89020010?

An HSN code breaks down into a 2-digit Chapter, 4-digit Heading and 6-digit Sub-heading, extending to an 8-digit tariff item in India. Code 89020010 sits within this hierarchy.

Where is the HSN code used?

HSN codes are quoted on GST invoices and in GSTR-1 returns, and are used to classify goods for GST rate determination and customs.

HSN Code: 89020010 Fishing Vessels; Factory Ships

Within Chapter 89 – Ships, Boats And Floating Str, HSN Code 89020010 serves as the official classification for Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels. This code determines tax rates and compliance obligations for all entities trading in Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels. CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in u.

HSN Codes under Chapter 89 – Ships, Boats And Floating Str

Below are related HSN codes from Chapter 89 – Ships, Boats And Floating Str for your reference:

Chapter	HSN Code	Description	CGST	SGST/UTGST	IGST
Ships, Boats And Floating Str...	89011010	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	N.a.	N.a.	N.a.
Ships, Boats And Floating Str...	89011020	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	N.a.	N.a.	N.a.
Ships, Boats And Floating Str...	89011030	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	N.a.	N.a.	N.a.
Ships, Boats And Floating Str...	89011040	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	2.50%	2.50%	5.00%
Ships, Boats And Floating Str...	89011090	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	0.025	0.025	0.05
Ships, Boats And Floating Str...	89012000	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	0.025	0.025	0.05
Ships, Boats And Floating Str...	89013000	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	0.025	0.025	0.05
Ships, Boats And Floating Str...	89019000	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	0.025	0.025	0.05
Ships, Boats And Floating Str...	89020090	Fishing Vessels; Factory Ships And Other Vessels F...	0.025	0.025	0.05
Ships, Boats And Floating Str...	89031000	Yachts And Other Vessels For Pleasure Or Sports; R...	N.a.	N.a.	N.a.

GST Rates for HSN 89020010

Goods classified as Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels under HSN 89020010 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect u as the measurement standard for Chapter 89 – Ships, Boats And Floating Str products.

Who Should Use HSN Code 89020010?

Traders, manufacturers, and importers of Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels are required to mention HSN Code 89020010 on all GST documents. This Ships, Boats And Floating Str classification under Chapter 89 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Entering the Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels market requires essential registrations. GST registration enables legal tax collection on HSN 89020010 goods. For cross-border trade in Ships, Boats And Floating Str items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.

Why Correct Classification Matters

Proper use of HSN Code 89020010 for Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 89 – Ships, Boats And Floating Str through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 89020010 belong to?

HSN Code 89020010 falls under Chapter 89 – Ships, Boats And Floating Str in the GST tariff schedule. This chapter covers various goods including Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels.

Is IGST applicable on Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels?

Yes, IGST at 5.00% is applicable when Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels is supplied interstate or imported. For local sales within a state, CGST at 2.50% and SGST/UTGST at 2.50% apply instead.

Can e-commerce sellers use HSN Code 89020010?

Yes, e-commerce sellers dealing in Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products 8902 00 - Fishing Vessels; Factory Ships And Other Vessels For Processing Or Preserving Fishery Products : Trawlers And Other Fishing Vessels must use HSN 89020010 on their invoices. This applies to all online platforms operating under Ships, Boats And Floating Str classification.

How do I start an import business for Ships, Boats And Floating Str goods?

To import goods under Ships, Boats And Floating Str, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

HSN Code & GST Rates for Fishing Vessels; Factory Ships :- 89020010