HSN Code 04022990: Other Milk Powder (>1.5% Fat)

HSN Code 04022990 represents Other Milk Powder (>1.5% Fat) under GST classification. This code helps businesses identify Other Milk Powder (>1.5% Fat) correctly for billing, taxation, and trade. With HSN Code 04022990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Milk Powder (>1.5% Fat).

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 04022990

HSN Code 04022990 relates to the following description.

Description of Goods

In powder, granules or other solid forms, of a fat content, by weight exceeding 1.5% :Other:Other

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%

What does HSN Code 04022990 not include?

Other Milk Powder (>1.5% Fat) 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% : Skimmed Milk

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

Other: Not containing added sugar or other sweetening matter : Condensed milk

India’s Trade Performance — HSN Code 04022990 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

₹37 Cr

−37.22% vs FY 2023-24

0.0010% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

+79.25% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹34 Cr

Trade Surplus

Surplus rank #2443 of 12657 HSN codes

% of Sub-Chapter 0402

FY 2024-25

13.94%

Share of Sub-Chapter 0402’s total exports in FY 2024-25

Import side: 26.59% of Sub-Chapter 0402’s imports

Rank Within Sub-Chapter 0402

FY 2024-25

#2 of 13

Position by export value among HSN codes in Sub-Chapter 0402

Import-side rank: #3 of 13

At a glance

−11.26%

Export CAGR

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

#4040

National Export Rank

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

+36.86%

Peak Growth Year

FY 2022-23 · strongest single-year move

13.94%

Contribution to Sub-Ch. 0402

Share of Sub-Chapter 0402 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 04022990

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 #2341

Balance

+74.20

Exports

75.02 ₹ Cr

0.0033% share

YoY

11.60% of Sub-Ch. 0402

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

9.59% of Sub-Ch. 0402

FY 2019-20 Exp. Rank #2395

Balance

+72.00

Exports

72.94 ₹ Cr

0.0033% share

−2.77% YoY

67.53% of Sub-Ch. 0402

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+14.63% YoY

3.78% of Sub-Ch. 0402

FY 2020-21 Exp. Rank #2619

Balance

+62.97

Exports

62.97 ₹ Cr

0.0029% share

−13.67% YoY

17.73% of Sub-Ch. 0402

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 0402

FY 2021-22 Exp. Rank #3702

Balance

+39.20

Exports

39.20 ₹ Cr

0.0012% share

−37.75% YoY

3.61% of Sub-Ch. 0402

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 0402

FY 2022-23 Exp. Rank #3385

Balance

+53.65

Exports

53.65 ₹ Cr

0.0015% share

+36.86% YoY

9.27% of Sub-Ch. 0402

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 0402

FY 2023-24 Exp. Rank #3320

Balance

+56.76

Exports

58.35 ₹ Cr

0.0016% share

+8.76% YoY

29.72% of Sub-Ch. 0402

Imports

1.59 ₹ Cr

0.0000% share

YoY

5.84% of Sub-Ch. 0402

FY 2024-25 Exp. Rank #4040

Balance

+33.78

Exports

36.63 ₹ Cr

0.0010% share

−37.22% YoY

13.94% of Sub-Ch. 0402

Imports

2.85 ₹ Cr

0.0000% share

+79.25% YoY

26.59% of Sub-Ch. 0402

CAGR · 7-Year

Exports

−11.26% /yr

Imports

23.08% /yr

Consistently Surplus
Sub-Chapter 0402 total

reference, FY 2024-25

Export

₹262.81 Cr

Import

₹10.72 Cr

Trade Balance

+252.09

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

Key Trade Insights: HSN Code 04022990 Export-Import Analysis

Export Decline: −11.26% CAGR Over 7 Years

India's exports under HSN Code 04022990 have declined at a compound annual rate of −11.26% over 7 fiscal years, falling from ₹75.02 Crore in FY 2018-19 to ₹36.63 Crore in FY 2024-25.

HSN Code 04022990 Ranked #4040 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 04022990 ranks #4040 out of 12657 HSN codes by total export value. Within Sub-Chapter 0402, it ranks #2 of 13. By trade surplus, it ranks #2443 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 04022990 Exports

The strongest single-year export movement for HSN Code 04022990 was recorded in FY 2022-23, when exports surged by 36.86% over the prior year.

India Maintains a Trade Surplus of ₹33.78 Crore in HSN Code 04022990 Goods

In FY 2024-25, India's exports of ₹36.63 Cr exceeded imports of ₹2.85 Cr, resulting in a trade surplus of ₹33.78 Crore — ranking #2443 of 12657 by surplus magnitude.

Import Growth of 23.08% CAGR Signals Rising Demand for Other Milk Powder (>1.5% Fat)

India's imports under HSN Code 04022990 have grown at 23.08% CAGR, reaching ₹2.85 Crore in FY 2024-25.

HSN Code 04022990 Contributes 13.94% of Sub-Chapter 0402 Exports — Ranked #2

Among the 13 HSN codes under Sub-Chapter 0402, HSN Code 04022990 ranks #2 by export value — accounting for 13.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 26.59% share (rank #3).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 04022990 and GST compliance.

What products are classified under HSN 4022990 ?

It includes Other Milk Powder (>1.5% Fat)

How to bill mixed items when Other Milk Powder (>1.5% Fat) is sold with exempt goods?

Use separate invoice lines per HSN. Apply TBD for Other Milk Powder (>1.5% Fat) and Nil for exempt lines. This avoids misclassification and wrong tax collection.

Are e‑way bill and e‑invoice required for Other Milk Powder (>1.5% Fat)?

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.

Any import/export nuance for Other Milk Powder (>1.5% Fat)?

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 Other Milk Powder (>1.5% Fat)?

Yes. When Other Milk Powder (>1.5% Fat) 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.

Is ITC allowed for costs used to trade Other Milk Powder (>1.5% Fat)?

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.

How much GST applies to Other Milk Powder (>1.5% Fat)?

Under HSN 04022990, Other Milk Powder (>1.5% Fat) attracts TBD subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice.

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.