--- title: "HSN Code for Whey, dry, blocks, and powdered | HSN 04041020 GST Rate" description: "Find HSN and GST Rates for 04041020 related to Whey, dry, blocks, and powdered with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-04041020/" --- # HSN Code 04041020: Whey, dry, blocks, and powdered - [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 0404: Whey & milk products, sweetened](https://busy.in/hsn/sub-chapter-0404/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening matter :Whey, dry, blocks and powdered | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 4041020 ? It includes Whey, dry, blocks, and powdered ### Are e‑way bill and e‑invoice required for Whey, dry, blocks, and powdered? 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 Whey, dry, blocks, and powdered? 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 to bill mixed items when Whey, dry, blocks, and powdered is sold with exempt goods? Use separate invoice lines per HSN. Apply TBD for Whey, dry, blocks, and powdered and Nil for exempt lines. This avoids misclassification and wrong tax collection. ### Any import/export nuance for Whey, dry, blocks, and powdered? Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging. ### How much GST applies to Whey, dry, blocks, and powdered? Under HSN 04041020, Whey, dry, blocks, and powdered attracts TBD subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice. ## India's trade performance: HSN Code 04041020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (−12.44% YoY) — 0.0000% of India's total exports - Imports: ₹156 Cr (−31.99% YoY) — 0.0026% of India's total imports - Trade balance: −₹154 Cr (Deficit); surplus rank #11127 of 12657 HSN codes - Share of Sub-Chapter 0404: 9.66% of its exports; import side 74.89% - Rank within Sub-Chapter 0404: #3 of 4 by export value; import-side #1 ### Key metrics - Export CAGR: -37.77% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7749 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +80.12% in FY 2022-23 - Contribution to Sub-Ch. 0404: 9.66% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 04041020 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. 0404 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 0404 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 29.10 | 0.0013% | — | 89.07% | 74.20 | 0.0021% | — | 86.71% | −45.10 | #3611 | | FY 2019-20 | 1.66 | 0.0001% | −94.30% | 28.38% | 106.51 | 0.0032% | +43.54% | 87.09% | −104.85 | #7113 | | FY 2020-21 | 1.50 | 0.0001% | −9.64% | 32.47% | 140.11 | 0.0048% | +31.55% | 87.33% | −138.61 | #7283 | | FY 2021-22 | 1.61 | 0.0001% | +7.33% | 28.65% | 108.02 | 0.0024% | −22.90% | 90.50% | −106.41 | #7555 | | FY 2022-23 | 2.90 | 0.0001% | +80.12% | 41.73% | 169.70 | 0.0030% | +57.10% | 90.40% | −166.80 | #7041 | | FY 2023-24 | 1.93 | 0.0001% | −33.45% | 18.22% | 229.40 | 0.0041% | +35.18% | 84.08% | −227.47 | #7618 | | FY 2024-25 | 1.69 | 0.0000% | −12.44% | 9.66% | 156.02 | 0.0026% | −31.99% | 74.89% | −154.33 | #7749 | - CAGR (7-year): exports -37.77%/yr, imports 13.19%/yr (consistently Deficit) ## Key trade insights: HSN Code 04041020 export-import analysis ### Export decline: -37.77% CAGR over 7 years India's exports under HSN Code 04041020 have declined at a compound annual rate of -37.77% over 7 fiscal years, falling from ₹29.10 Crore in FY 2018-19 to ₹1.69 Crore in FY 2024-25. ### HSN Code 04041020 ranked #7749 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 04041020 ranks #7749 out of 12657 HSN codes by total export value. Within Sub-Chapter 0404, it ranks #3 of 4. By trade surplus, it ranks #11127 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 04041020 exports The strongest single-year export movement for HSN Code 04041020 was recorded in FY 2022-23, when exports surged by 80.12% over the prior year. ### India records a trade deficit of ₹154.33 Crore in HSN Code 04041020 goods In FY 2024-25, India's imports of ₹156.02 Cr exceeded exports of ₹1.69 Cr, resulting in a trade deficit of ₹154.33 Crore — ranking #11127 of 12657 by surplus magnitude. ### Import growth of 13.19% CAGR signals rising demand for Whey, dry, blocks, and powdered India's imports under HSN Code 04041020 have grown at 13.19% CAGR, reaching ₹156.02 Crore in FY 2024-25. ### HSN Code 04041020 contributes 9.66% of Sub-Chapter 0404 exports — ranked #3 Among the 4 HSN codes under Sub-Chapter 0404, HSN Code 04041020 ranks #3 by export value — accounting for 9.66% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 74.89% share (rank #1). ## Related HSN Codes in Sub-Chapter 0404 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 04049000: Whey & Natural Milk Constituent Products](https://busy.in/hsn/hsn-04049000/) | ₹12 Cr | | #2 | [HSN Code 04041090: Whey and modified whey, other](https://busy.in/hsn/hsn-04041090/) | ₹3 Cr | | #3 | HSN Code 04041020: Whey, dry, blocks, and powdered (this hsn code) | ₹2 Cr | | #4 | [HSN Code 04041010: Concentrated Whey](https://busy.in/hsn/hsn-04041010/) | < ₹1 Crore |