HSN Code 04021010 represents Liquid Milk & Cream (Not Concentrated or Sweetened) under GST classification. This code helps businesses identify Liquid Milk & Cream (Not Concentrated or Sweetened) correctly for billing, taxation, and trade. With HSN Code 04021010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Liquid Milk & Cream (Not Concentrated or Sweetened).
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HSN Code 04021010 relates to the following description.
Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included
Milk and cream, concentrated or containing added sugar or other sweetening matter
In powder, granules or other solid forms, of a fat content, by weight not exceeding 1.5% : Skimmed Milk
2.5%
2.5%
5%
0%
Description of Goods
In powder, granules or other solid forms, of a fat content, by weight not exceeding 1.5% : Skimmed Milk
Chapter
04 - Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included
Sub Chapter
0402 - Milk and cream, concentrated or containing added sugar or other sweetening matter
CGST
2.5%
SGST
2.5%
IGST
5%
CESS
0%
Liquid Milk & Cream (Not Concentrated or Sweetened) does not include products with the following descriptions.
In powder, granules or other solid forms, of a fat content, by weight not exceeding 1.5%: Milk food for babies
In powder, granules or other solid forms, of a fat content, by weight not exceeding 1.5% :Other
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5%: Not containing added sugar or other sweetening matter
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5% :Other:Whole milk
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5% :Other:Milk for babies
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5% :Other:Other
Other: Not containing added sugar or other sweetening matter : Condensed milk
Other
Other:Not containing added sugar or other sweetening matter:Other
Other:Other :Whole milk
Other:Other :Condensed milk
Other:Other :Other
In powder, granules or other solid forms, of a fat content, by weight not exceeding 1.5%: Milk food for babies
In powder, granules or other solid forms, of a fat content, by weight not exceeding 1.5% :Other
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5%: Not containing added sugar or other sweetening matter
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5% :Other:Whole milk
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5% :Other:Milk for babies
In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5% :Other:Other
Other: Not containing added sugar or other sweetening matter : Condensed milk
Other
Other:Not containing added sugar or other sweetening matter:Other
Other:Other :Whole milk
Other:Other :Condensed milk
Other:Other :Other
India’s Exports
FY 2024-25₹154 Cr
0.0042% of India’s total exports
India’s Imports
FY 2024-25₹4 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25₹149 Cr
Surplus rank #1340 of 12657 HSN codes
% of Sub-Chapter 0402
FY 2024-2558.41%
Share of Sub-Chapter 0402’s total exports in FY 2024-25
Import side: 39.09% of Sub-Chapter 0402’s imports
Rank Within Sub-Chapter 0402
FY 2024-25#1 of 13
Position by export value among HSN codes in Sub-Chapter 0402
Import-side rank: #1 of 13
At a glance
−19.15%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2129
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+1,210.80%
Peak Growth Year
FY 2020-21 · strongest single-year move
58.41%
Contribution to Sub-Ch. 0402
Share of Sub-Chapter 0402 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+544.23
Exports
549.54 ₹ Cr
0.0241% share
— YoY
84.95% of Sub-Ch. 0402
Imports
5.31 ₹ Cr
0.0001% share
— YoY
62.11% of Sub-Ch. 0402
Balance
−3.23
Exports
20.00 ₹ Cr
0.0009% share
−96.36% YoY
18.52% of Sub-Ch. 0402
Imports
23.23 ₹ Cr
0.0007% share
+337.48% YoY
93.44% of Sub-Ch. 0402
Balance
+254.71
Exports
262.16 ₹ Cr
0.0122% share
+1,210.80% YoY
73.81% of Sub-Ch. 0402
Imports
7.45 ₹ Cr
0.0003% share
−67.93% YoY
64.39% of Sub-Ch. 0402
Balance
+987.14
Exports
994.02 ₹ Cr
0.0317% share
+279.17% YoY
91.60% of Sub-Ch. 0402
Imports
6.88 ₹ Cr
0.0002% share
−7.65% YoY
99.14% of Sub-Ch. 0402
Balance
+481.83
Exports
498.06 ₹ Cr
0.0138% share
−49.89% YoY
86.01% of Sub-Ch. 0402
Imports
16.23 ₹ Cr
0.0003% share
+135.90% YoY
73.24% of Sub-Ch. 0402
Balance
+83.95
Exports
105.84 ₹ Cr
0.0029% share
−78.75% YoY
53.90% of Sub-Ch. 0402
Imports
21.89 ₹ Cr
0.0004% share
+34.87% YoY
80.45% of Sub-Ch. 0402
Balance
+149.32
Exports
153.51 ₹ Cr
0.0042% share
+45.04% YoY
58.41% of Sub-Ch. 0402
Imports
4.19 ₹ Cr
0.0001% share
−80.86% YoY
39.09% of Sub-Ch. 0402
CAGR · 7-Year
Exports
−19.15% /yr
Imports
−3.87% /yr
reference, FY 2024-25
Export
₹262.81 Cr
Import
₹10.72 Cr
Trade Balance
+252.09
India's exports under HSN Code 04021010 have declined at a compound annual rate of −19.15% over 7 fiscal years, falling from ₹549.54 Crore in FY 2018-19 to ₹153.51 Crore in FY 2024-25.
In FY 2024-25, HSN Code 04021010 ranks #2129 out of 12657 HSN codes by total export value. Within Sub-Chapter 0402, it ranks #1 of 13. By trade surplus, it ranks #1340 of 12657.
The strongest single-year export movement for HSN Code 04021010 was recorded in FY 2020-21, when exports surged by 1,210.80% over the prior year.
In FY 2024-25, India's exports of ₹153.51 Cr exceeded imports of ₹4.19 Cr, resulting in a trade surplus of ₹149.32 Crore — ranking #1340 of 12657 by surplus magnitude.
India's imports under HSN Code 04021010 have grown at −3.87% CAGR, reaching ₹4.19 Crore in FY 2024-25.
Among the 13 HSN codes under Sub-Chapter 0402, HSN Code 04021010 ranks #1 by export value — accounting for 58.41% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 39.09% share (rank #1).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 04021010 and GST compliance.
It includes Liquid Milk & Cream (Not Concentrated or Sweetened)
Under HSN 04021010, Liquid Milk & Cream (Not Concentrated or Sweetened) attracts TBD subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice.
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.
Use separate invoice lines per HSN. Apply TBD for Liquid Milk & Cream (Not Concentrated or Sweetened) and Nil for exempt lines. This avoids misclassification and wrong tax collection.
Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging.
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.
Yes. When Liquid Milk & Cream (Not Concentrated or Sweetened) 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.