--- title: "HSN Code for Boneless sheep meat | HSN 02042300 GST Rate" description: "Find HSN and GST Rates for 02042300 related to Boneless sheep meat with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-02042300/" --- # HSN Code 02042300: Boneless sheep meat - [Section 01: Guide to HSN Section 01](https://busy.in/hsn/section-01/) - [Chapter 02: Meat and Edible Offal](https://busy.in/hsn/chapter-02/) - [Sub-chapter 0204: Sheep or goat meat](https://busy.in/hsn/sub-chapter-0204/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other meat of sheep, fresh or chilled : Boneless . | 0% | 0% | 0% | 0% | ## Frequently asked questions ### What products are classified under HSN 2042300 ? It includes Boneless sheep meat ### How to bill mixed items when Boneless sheep meat is sold with exempt goods? Use separate invoice lines per HSN. Apply Varies for Boneless sheep meat and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### How much GST applies to Boneless sheep meat? Under HSN 02042300, Boneless sheep meat attracts Varies subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ### Are e‑way bill and e‑invoice required for Boneless sheep meat? e‑Way bill is needed for consignment value above ₹50,000 unless exempted. e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Is ITC allowed for costs used to trade Boneless sheep meat? If your outward supply is taxable (e.g., 5% or 12%), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any import/export nuance for Boneless sheep meat? Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging. ### Does ‘pre‑packaged & labelled’ change GST on Boneless sheep meat? Yes. When Boneless sheep meat is not fresh/chilled and is sold in pre‑packaged & labelled packs, GST is 5%. If it is not pre‑packaged & labelled, it stays Nil. ## India's trade performance: HSN Code 02042300 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore — 0.0000% of India's total exports - Imports: Nil (−100.00% YoY) — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #4664 of 12657 HSN codes - Share of Sub-Chapter 0204: 0.10% of its exports; import side 0.00% - Rank within Sub-Chapter 0204: #7 of 9 by export value ### Key metrics - National export rank: #8538 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +150.00% in FY 2020-21 - Contribution to Sub-Ch. 0204: 0.10% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 02042300 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 0204 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 0204 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 1.78% | −0.19 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.01% | < ₹1 Crore | 0.0000% | −73.68% | 0.38% | +0.01 | #9399 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +150.00% | 0.05% | Nil | 0.0000% | −100.00% | 0.00% | +0.15 | #9034 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +120.00% | 0.07% | Nil | 0.0000% | — | 0.00% | +0.33 | #8877 | | FY 2022-23 | Nil | 0.0000% | −100.00% | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.21% | −0.05 | — | | FY 2024-25 | < ₹1 Crore | 0.0000% | — | 0.10% | Nil | 0.0000% | −100.00% | 0.00% | +0.71 | #8538 | ## Key trade insights: HSN Code 02042300 export-import analysis ### Export snapshot for HSN Code 02042300 India exported ₹0.71 Crore worth of Boneless sheep meat in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 02042300 ranked #8538 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 02042300 ranks #8538 out of 12657 HSN codes by total export value. Within Sub-Chapter 0204, it ranks #7 of 9. By trade surplus, it ranks #4664 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 02042300 exports The strongest single-year export movement for HSN Code 02042300 was recorded in FY 2020-21, when exports surged by 150.00% over the prior year. ### India maintains a trade surplus of ₹0.71 Crore in HSN Code 02042300 goods In FY 2024-25, India's exports of ₹0.71 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹0.71 Crore — ranking #4664 of 12657 by surplus magnitude. ### HSN Code 02042300 contributes 0.10% of Sub-Chapter 0204 exports — ranked #7 Among the 9 HSN codes under Sub-Chapter 0204, HSN Code 02042300 ranks #7 by export value — accounting for 0.10% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 0204 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 02042100: Other meat of sheep, fresh or chilled : Carcasses and half-carcasses .](https://busy.in/hsn/hsn-02042100/) | ₹556 Cr | | #2 | [HSN Code 02041000: Lamb carcasses, fresh or chilled](https://busy.in/hsn/hsn-02041000/) | ₹118 Cr | | #3 | [HSN Code 02044100: Frozen Sheep Carcasses/Half-Carcasses](https://busy.in/hsn/hsn-02044100/) | ₹23 Cr | | #4 | [HSN Code 02044200: Frozen Sheep Bone-in Cuts](https://busy.in/hsn/hsn-02044200/) | ₹12 Cr | | #5 | [HSN Code 02045000: Frozen goat meat](https://busy.in/hsn/hsn-02045000/) | ₹7 Cr | | #6 | [HSN Code 02044300: Frozen sheep meat – Boneless](https://busy.in/hsn/hsn-02044300/) | ₹1 Cr | | #7 | HSN Code 02042300: Boneless sheep meat (this hsn code) | < ₹1 Crore | | — | [HSN Code 02042200: Fresh sheep meat cuts](https://busy.in/hsn/hsn-02042200/) | Nil | | — | [HSN Code 02043000: Frozen lamb carcasses & half-carcasses](https://busy.in/hsn/hsn-02043000/) | Nil |