--- title: "HSN Code for Other | Other | Condensed Milk | HSN 04029920 GST Rate" description: "Find HSN and GST Rates for 04029920 related to Other | Other | Condensed Milk with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-04029920/" --- # HSN Code 04029920: Other | Other | Condensed Milk - [Section 01: Guide to HSN Section 01](https://busy.in/hsn/section-01/) - [Chapter 04: Dairy, Eggs, Honey and Animal-Origin Products](https://busy.in/hsn/chapter-04/) - [Sub-chapter 0402: Ground-nuts & fractions](https://busy.in/hsn/sub-chapter-0402/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other:Other :Condensed milk | 6% | 6% | 12% | 0% | ## Frequently asked questions ### What products are classified under HSN 4029920 ? It includes Other | Other | Condensed Milk ### Any import/export nuance for Other / Other / Condensed Milk? 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 / Other / Condensed Milk? Yes. When Other / Other / Condensed Milk 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 / Other / Condensed Milk? 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 / Other / Condensed Milk? Under HSN 04029920, Other / Other / Condensed Milk attracts TBD subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ### How to bill mixed items when Other / Other / Condensed Milk is sold with exempt goods? Use separate invoice lines per HSN. Apply TBD for Other / Other / Condensed Milk and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Are e‑way bill and e‑invoice required for Other / Other / Condensed Milk? 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. ## India's trade performance: HSN Code 04029920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+75.44% YoY) — 0.0000% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹1 Cr (Surplus); surplus rank #4519 of 12657 HSN codes - Share of Sub-Chapter 0402: 0.38% of its exports; import side 0.00% - Rank within Sub-Chapter 0402: #10 of 13 by export value ### Key metrics - Export CAGR: 13.41% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8250 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +115.66% in FY 2020-21 - Contribution to Sub-Ch. 0402: 0.38% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 04029920 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. 0402 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 0402 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.07% | Nil | 0.0000% | — | 0.00% | +0.47 | #8233 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +76.60% | 0.77% | Nil | 0.0000% | — | 0.00% | +0.83 | #7770 | | FY 2020-21 | 1.79 | 0.0001% | +115.66% | 0.50% | Nil | 0.0000% | — | 0.00% | +1.79 | #7098 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −67.60% | 0.05% | Nil | 0.0000% | — | 0.00% | +0.58 | #8481 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +6.90% | 0.11% | Nil | 0.0000% | — | 0.00% | +0.62 | #8510 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −8.06% | 0.29% | Nil | 0.0000% | — | 0.00% | +0.57 | #8695 | | FY 2024-25 | 1.00 | 0.0000% | +75.44% | 0.38% | Nil | 0.0000% | — | 0.00% | +1.00 | #8250 | - CAGR (7-year): exports 13.41%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 04029920 export-import analysis ### Consistent export growth: 13.41% CAGR over 7 years India's exports under HSN Code 04029920 have grown at a compound annual rate of 13.41% over 7 fiscal years, rising from ₹0.47 Crore in FY 2018-19 to ₹1.00 Crore in FY 2024-25. ### HSN Code 04029920 ranked #8250 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 04029920 ranks #8250 out of 12657 HSN codes by total export value. Within Sub-Chapter 0402, it ranks #10 of 13. By trade surplus, it ranks #4519 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 04029920 exports The strongest single-year export movement for HSN Code 04029920 was recorded in FY 2020-21, when exports surged by 115.66% over the prior year. ### India maintains a trade surplus of ₹1.00 Crore in HSN Code 04029920 goods In FY 2024-25, India's exports of ₹1.00 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹1.00 Crore — ranking #4519 of 12657 by surplus magnitude. ### HSN Code 04029920 contributes 0.38% of Sub-Chapter 0402 exports — ranked #10 Among the 13 HSN codes under Sub-Chapter 0402, HSN Code 04029920 ranks #10 by export value — accounting for 0.38% 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 0402 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 04021010: Liquid Milk & Cream (Not Concentrated or Sweetened)](https://busy.in/hsn/hsn-04021010/) | ₹154 Cr | | #2 | [HSN Code 04022990: Other Milk Powder (>1.5% Fat)](https://busy.in/hsn/hsn-04022990/) | ₹37 Cr | | #3 | [HSN Code 04029990: Other\|Other \|Other](https://busy.in/hsn/hsn-04029990/) | ₹21 Cr | | #4 | [HSN Code 04022100: Unsweetened High-Fat Milk Powder](https://busy.in/hsn/hsn-04022100/) | ₹19 Cr | | #5 | [HSN Code 04022920: Concentrated & Sweetened Milk & Cream](https://busy.in/hsn/hsn-04022920/) | ₹13 Cr | | #6 | [HSN Code 04021020: Baby Milk Food (<=1.5% Fat)](https://busy.in/hsn/hsn-04021020/) | ₹9 Cr | | #7 | [HSN Code 04021090: Other Milk Powder (≤1.5% Fat)](https://busy.in/hsn/hsn-04021090/) | ₹5 Cr | | #8 | [HSN Code 04029190: Non-sweetened milk products](https://busy.in/hsn/hsn-04029190/) | ₹4 Cr | | #9 | [HSN Code 04022910: Concentrated Milk & Cream (Unsweetened)](https://busy.in/hsn/hsn-04022910/) | ₹1 Cr | | #10 | HSN Code 04029920: Other \| Other \| Condensed Milk (this hsn code) | ₹1 Cr |