HSN Code 04041020: Whey, dry, blocks, and powdered

HSN Code 04041020 represents Whey, dry, blocks, and powdered under GST classification. This code helps businesses identify Whey, dry, blocks, and powdered correctly for billing, taxation, and trade. With HSN Code 04041020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Whey, dry, blocks, and powdered.

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Description of Goods for HSN Code 04041020

HSN Code 04041020 relates to the following description.

Description of Goods

Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening matter :Whey, dry, blocks and powdered

Chapter

04 - Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included

Sub Chapter

0404 - Whey, whether or not concentrated or containing added sugar or other sweetening matter; products consisting of natural milk constituents, whether or not containing added sugar or other sweetening matter, not elsewhere specified or included

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 04041020 not include?

Whey, dry, blocks, and powdered does not include products with the following descriptions.

HSN Code 04041010

Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening matter :Whey, concentrated, evaporated or condensed, liquid or semi-solid

HSN Code 04041090

Whey and modified whey, whether or not concentrated or containing added sugar or other sweetening matter:Other

India’s Trade Performance — HSN Code 04041020 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

₹2 Cr

−12.44% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹156 Cr

−31.99% vs FY 2023-24

0.0026% of India’s total imports

Trade Balance

FY 2024-25

−₹154 Cr

Trade Deficit

Surplus rank #11127 of 12657 HSN codes

% of Sub-Chapter 0404

FY 2024-25

9.66%

Share of Sub-Chapter 0404’s total exports in FY 2024-25

Import side: 74.89% of Sub-Chapter 0404’s imports

Rank Within Sub-Chapter 0404

FY 2024-25

#3 of 4

Position by export value among HSN codes in Sub-Chapter 0404

Import-side rank: #1 of 4

At a glance

−37.77%

Export CAGR

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

#7749

National Export Rank

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

+80.12%

Peak Growth Year

FY 2022-23 · strongest single-year move

9.66%

Contribution to Sub-Ch. 0404

Share of Sub-Chapter 0404 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3611

Balance

−45.10

Exports

29.10 ₹ Cr

0.0013% share

— YoY

89.07% of Sub-Ch. 0404

Imports

74.20 ₹ Cr

0.0021% share

— YoY

86.71% of Sub-Ch. 0404

FY 2019-20 Exp. Rank #7113

Balance

−104.85

Exports

1.66 ₹ Cr

0.0001% share

−94.30% YoY

28.38% of Sub-Ch. 0404

Imports

106.51 ₹ Cr

0.0032% share

+43.54% YoY

87.09% of Sub-Ch. 0404

FY 2020-21 Exp. Rank #7283

Balance

−138.61

Exports

1.50 ₹ Cr

0.0001% share

−9.64% YoY

32.47% of Sub-Ch. 0404

Imports

140.11 ₹ Cr

0.0048% share

+31.55% YoY

87.33% of Sub-Ch. 0404

FY 2021-22 Exp. Rank #7555

Balance

−106.41

Exports

1.61 ₹ Cr

0.0001% share

+7.33% YoY

28.65% of Sub-Ch. 0404

Imports

108.02 ₹ Cr

0.0024% share

−22.90% YoY

90.50% of Sub-Ch. 0404

FY 2022-23 Exp. Rank #7041

Balance

−166.80

Exports

2.90 ₹ Cr

0.0001% share

+80.12% YoY

41.73% of Sub-Ch. 0404

Imports

169.70 ₹ Cr

0.0030% share

+57.10% YoY

90.40% of Sub-Ch. 0404

FY 2023-24 Exp. Rank #7618

Balance

−227.47

Exports

1.93 ₹ Cr

0.0001% share

−33.45% YoY

18.22% of Sub-Ch. 0404

Imports

229.40 ₹ Cr

0.0041% share

+35.18% YoY

84.08% of Sub-Ch. 0404

FY 2024-25 Exp. Rank #7749

Balance

−154.33

Exports

1.69 ₹ Cr

0.0000% share

−12.44% YoY

9.66% of Sub-Ch. 0404

Imports

156.02 ₹ Cr

0.0026% share

−31.99% YoY

74.89% of Sub-Ch. 0404

CAGR · 7-Year

Exports

−37.77% /yr

Imports

13.19% /yr

Consistently Deficit
Sub-Chapter 0404 total

reference, FY 2024-25

Export

₹17.50 Cr

Import

₹208.33 Cr

Trade Balance

−190.83

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 04041020 and GST compliance.

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.

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.