Oil companies and traders carry liquid cargo by sea in tankers.
HSN code 89012000 is classified as Free under India's DGFT ITC(HS) export policy β no export license is required.
This product may be freely exported/imported from India without a license.
HSN Code Details
Tankers for the carriage of crude oil, petroleum products, chemicals and gas, from coastal tankers to very large crude carriers.
Tankers are sold under sale and purchase agreements with class and flag documents, delivered afloat with surveys and cargo tank records. Vessels are sold under a bill of sale with builder certificate, class society certificates (IRS, LR, DNV, ABS), flag-state registration and deletion certificate, survey reports and export clearance; delivery is usually afloat under own power or tow, or by heavy-lift transport for small craft, with engines and equipment listed on the invoice.
Related HSN Codes (Heading 8901)
Frequently Asked Questions
No. HSN 89012000 is classified as Free under DGFT ITC(HS) policy, so it can be exported from India without an export license or permit.
They are oil, chemical and gas tankers.
HSN 89012000 falls under Chapter 89 and Heading 8901 of India's customs tariff schedule.
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