HSN Code 01012990: Horses| Other| Other

HSN Code 01012990 represents Horses| Other| Other under GST classification. This code helps businesses identify Horses| Other| Other correctly for billing, taxation, and trade. With HSN Code 01012990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Horses| Other| Other.

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Description of Goods for HSN Code 01012990

HSN Code 01012990 relates to the following description.

Description of Goods

Horses: Other: Other

Chapter

01 - Live Animals

Sub Chapter

0101 - Live horses, asses, mules and hinnies

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 01012990 not include?

Horses| Other| Other does not include products with the following descriptions.

HSN Code 01019020

Live horses, asses, mules and hinnies - other - asses, mules and hinnies as live stock

India’s Trade Performance — HSN Code 01012990 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

+187.50% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹7 Cr

+7.37% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹7 Cr

Trade Deficit

Surplus rank #8828 of 12657 HSN codes

% of Sub-Chapter 0101

FY 2024-25

71.88%

Share of Sub-Chapter 0101’s total exports in FY 2024-25

Import side: 7.03% of Sub-Chapter 0101’s imports

Rank Within Sub-Chapter 0101

FY 2024-25

#1 of 13

Position by export value among HSN codes in Sub-Chapter 0101

Import-side rank: #2 of 13

At a glance

−31.26%

Export CAGR

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

#9345

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+2,683.33%

Peak Growth Year

FY 2021-22 · strongest single-year move

71.88%

Contribution to Sub-Ch. 0101

Share of Sub-Chapter 0101 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 01012990

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 #6853

Balance

−14.65

Exports

2.18 ₹ Cr

0.0001% share

— YoY

45.42% of Sub-Ch. 0101

Imports

16.83 ₹ Cr

0.0005% share

— YoY

93.92% of Sub-Ch. 0101

FY 2019-20

Balance

−9.56

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 0101

Imports

9.56 ₹ Cr

0.0003% share

−43.20% YoY

74.34% of Sub-Ch. 0101

FY 2020-21 Exp. Rank #9473

Balance

−6.90

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 0101

Imports

6.96 ₹ Cr

0.0002% share

−27.20% YoY

37.95% of Sub-Ch. 0101

FY 2021-22 Exp. Rank #7507

Balance

−11.58

Exports

1.67 ₹ Cr

0.0001% share

+2,683.33% YoY

43.38% of Sub-Ch. 0101

Imports

13.25 ₹ Cr

0.0003% share

+90.37% YoY

63.73% of Sub-Ch. 0101

FY 2022-23 Exp. Rank #8363

Balance

−5.12

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−55.69% YoY

30.08% of Sub-Ch. 0101

Imports

5.86 ₹ Cr

0.0001% share

−55.77% YoY

20.21% of Sub-Ch. 0101

FY 2023-24 Exp. Rank #9881

Balance

−6.70

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−89.19% YoY

100.00% of Sub-Ch. 0101

Imports

6.78 ₹ Cr

0.0001% share

+15.70% YoY

11.89% of Sub-Ch. 0101

FY 2024-25 Exp. Rank #9345

Balance

−7.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+187.50% YoY

71.88% of Sub-Ch. 0101

Imports

7.28 ₹ Cr

0.0001% share

+7.37% YoY

7.03% of Sub-Ch. 0101

CAGR · 7-Year

Exports

−31.26% /yr

Imports

−13.04% /yr

Consistently Deficit
Sub-Chapter 0101 total

reference, FY 2024-25

Export

₹0.32 Cr

Import

₹103.50 Cr

Trade Balance

−103.18

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 01012990 Export-Import Analysis

Export Decline: −31.26% CAGR Over 7 Years

India's exports under HSN Code 01012990 have declined at a compound annual rate of −31.26% over 7 fiscal years, falling from ₹2.18 Crore in FY 2018-19 to ₹0.23 Crore in FY 2024-25.

HSN Code 01012990 Ranked #9345 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 01012990 ranks #9345 out of 12657 HSN codes by total export value. Within Sub-Chapter 0101, it ranks #1 of 13. By trade surplus, it ranks #8828 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 01012990 Exports

The strongest single-year export movement for HSN Code 01012990 was recorded in FY 2021-22, when exports surged by 2,683.33% over the prior year.

India Records a Trade Deficit of ₹7.05 Crore in HSN Code 01012990 Goods

In FY 2024-25, India's imports of ₹7.28 Cr exceeded exports of ₹0.23 Cr, resulting in a trade deficit of ₹7.05 Crore — ranking #8828 of 12657 by surplus magnitude.

Import Growth of −13.04% CAGR Signals Stable Import Dependency for Horses| Other| Other

India's imports under HSN Code 01012990 have grown at −13.04% CAGR, reaching ₹7.28 Crore in FY 2024-25.

HSN Code 01012990 Contributes 71.88% of Sub-Chapter 0101 Exports — Ranked #1

Among the 13 HSN codes under Sub-Chapter 0101, HSN Code 01012990 ranks #1 by export value — accounting for 71.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.03% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 01012990 and GST compliance.

What products are classified under HSN 1012990 ?

It includes Horses| Other| Other

Any import/export note for horses?

Exports are zero‑rated. Imports may attract customs duties; domestic sales remain @12%.

Are ‘pure‑bred breeding horses’ or ‘horses for polo’ taxed differently?

No. Both fall under live horses and attract 12%. Asses/mules/hinnies are Nil‑rated.

Do e‑way bill and e‑invoice apply for horse sales?

e‑Way bill is needed above ₹50,000 consignment value, unless exempted. e‑Invoicing is turnover‑based (AATO > ₹5 crore) for B2B.

Can I claim ITC on feed, veterinary care, or transport for horse trading?

Yes, when such inputs are used for taxable supplies @12%, subject to general ITC rules.

How do I bill a mixed lot that includes horses and asses?

Use separate lines: horses @12%, asses Nil. This prevents wrong tax collection.

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.