Light-Vessels, Fire-Floats - GST Rates HSN Code 8905

Light-vessels and fire-floats are unique marine vessels that are used for specific purposes. They are not regular marine vessels that are used for transportation or fishing. As such, they have a separate category under the Harmonized System of Nomenclature (HSN) and separate GST rates. In this article, we will explore the GST rates and HSN code for light-vessels and fire-floats.

Understanding GST Rates for Light-Vessels and Fire-Floats

The GST rate for light-vessels and fire-floats is 5%. This rate applies to all types of light-vessels and fire-floats, regardless of their size or purpose. The GST rate is the same for both domestic and international sales of these vessels.

Understanding HSN Code for Light-Vessels and Fire-Floats

The HSN code for light-vessels and fire-floats is 8905. This code is used to identify these vessels for customs and taxation purposes. The HSN code is based on the international Harmonized System of Nomenclature, which is used by countries all over the world to classify goods for trade and taxation.

What are Light-Vessels?

Light-vessels are specialized marine vessels that are used to mark navigational hazards such as shoals, rocks, and wrecks. They are typically anchored in place and have a distinctive shape and light pattern that makes them easily recognizable from a distance. Light-vessels are important for the safety of navigation and can be found all over the world.

What are Fire-Floats?

Fire-floats are specialized marine vessels that are used to fight fires on ships or in ports. They are equipped with powerful pumps and hoses that can deliver large volumes of water to a fire. Fire-floats are typically operated by fire departments or other emergency responders and are an important part of maritime safety infrastructure.

Conclusion

In conclusion, light-vessels and fire-floats are unique marine vessels that have a separate category under the HSN and separate GST rates. The GST rate for these vessels is 5%, and the HSN code is 8905. Understanding these rates and codes is important for businesses that are involved in the sale or import/export of light-vessels and fire-floats. It ensures that they are in compliance with the law and are not subject to penalties or fines.