HSN Code & GST Rate for Aircrafts, satellites, parachutes - Chapter 88

Rates (%) Products Description HSN Codes Export and Import HSN Codes
18% Balloons and dirigibles, gliders and other non-powered aircraft 8801 88010010, 88010020, 88010090
5% Other aircraft (for example, helicopters, aeroplanes), other than those for personal use. 8802 88021100, 88021200, 88022000, 88023000, 88024000
28% Aircrafts for personal use 8802 88021100, 88021200, 88022000, 88023000, 88024000
NIL Parts of goods of heading 8801 8803 88031000, 88032000, 88033000, 88039000
5% Parts of goods of heading 8802 8803 88031000, 88032000, 88033000, 88039000
18% Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto and parts thereof 8804 88040010, 88040020
18% Aircraft launching gear, deck arrestor or similar gear; ground flying trainers and parts thereof 8805 88051010, 88051020, 88051030, 88052100, 88052900
NIL Spacecraft (including satellites) and suborbital and spacecraft launch vehicles 88026000
Nil Other aircraft (for example, helicopters, aeroplanes), for personal use.(Compensation Cess 3%) 8802

Disclaimer

The HSN codes and rates have been arranged as per the best of authors understanding and are subject to periodical updates as per the law for the time being in force. It does not constitute professional advice or a formal recommendation. While due care has been taken in preparing this content, the existence of mistakes and omissions herein is not ruled out. Tax2win will not be held responsible for any loss or damage of any kind arising out of any inaccurate or incomplete information in this document.

CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.