HSN Code 04059020: Butter, Dairy Spreads & Milk Fats

HSN Code 04059020 represents Butter, Dairy Spreads & Milk Fats under GST classification. This code helps businesses identify Butter, Dairy Spreads & Milk Fats correctly for billing, taxation, and trade. With HSN Code 04059020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Butter, Dairy Spreads & Milk Fats.

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Description of Goods for HSN Code 04059020

HSN Code 04059020 relates to the following description.

Description of Goods

Other: Ghee

Chapter

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

Sub Chapter

0405 - Butter and other fats and oils derived from milk; dairy spreads

CGST

6%

SGST

6%

IGST

12%

CESS

0%

What does HSN Code 04059020 not include?

Butter, Dairy Spreads & Milk Fats does not include products with the following descriptions.

India’s Trade Performance — HSN Code 04059020 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

₹995 Cr

+20.11% vs FY 2023-24

0.0270% of India’s total exports

India’s Imports

FY 2024-25

₹2 Cr

−38.46% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹993 Cr

Trade Surplus

Surplus rank #352 of 12657 HSN codes

% of Sub-Chapter 0405

FY 2024-25

30.89%

Share of Sub-Chapter 0405’s total exports in FY 2024-25

Import side: 11.70% of Sub-Chapter 0405’s imports

Rank Within Sub-Chapter 0405

FY 2024-25

#2 of 5

Position by export value among HSN codes in Sub-Chapter 0405

Import-side rank: #2 of 5

At a glance

13.78%

Export CAGR

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

#530

National Export Rank

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

+28.89%

Peak Growth Year

FY 2020-21 · strongest single-year move

30.89%

Contribution to Sub-Ch. 0405

Share of Sub-Chapter 0405 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 04059020

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 #699

Balance

+451.35

Exports

458.75 ₹ Cr

0.0201% share

— YoY

32.14% of Sub-Ch. 0405

Imports

7.40 ₹ Cr

0.0002% share

— YoY

51.86% of Sub-Ch. 0405

FY 2019-20 Exp. Rank #728

Balance

+439.01

Exports

439.84 ₹ Cr

0.0200% share

−4.12% YoY

49.10% of Sub-Ch. 0405

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−88.78% YoY

6.32% of Sub-Ch. 0405

FY 2020-21 Exp. Rank #611

Balance

+565.42

Exports

566.92 ₹ Cr

0.0264% share

+28.89% YoY

74.68% of Sub-Ch. 0405

Imports

1.50 ₹ Cr

0.0001% share

+80.72% YoY

6.49% of Sub-Ch. 0405

FY 2021-22 Exp. Rank #734

Balance

+598.99

Exports

599.81 ₹ Cr

0.0191% share

+5.80% YoY

40.73% of Sub-Ch. 0405

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−45.33% YoY

13.04% of Sub-Ch. 0405

FY 2022-23 Exp. Rank #723

Balance

+667.49

Exports

669.51 ₹ Cr

0.0185% share

+11.62% YoY

55.97% of Sub-Ch. 0405

Imports

2.02 ₹ Cr

0.0000% share

+146.34% YoY

12.32% of Sub-Ch. 0405

FY 2023-24 Exp. Rank #600

Balance

+824.60

Exports

828.50 ₹ Cr

0.0229% share

+23.75% YoY

56.62% of Sub-Ch. 0405

Imports

3.90 ₹ Cr

0.0001% share

+93.07% YoY

26.71% of Sub-Ch. 0405

FY 2024-25 Exp. Rank #530

Balance

+992.71

Exports

995.11 ₹ Cr

0.0270% share

+20.11% YoY

30.89% of Sub-Ch. 0405

Imports

2.40 ₹ Cr

0.0000% share

−38.46% YoY

11.70% of Sub-Ch. 0405

CAGR · 7-Year

Exports

13.78% /yr

Imports

−17.11% /yr

Consistently Surplus
Sub-Chapter 0405 total

reference, FY 2024-25

Export

₹3,221.89 Cr

Import

₹20.52 Cr

Trade Balance

+3,201.37

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

Key Trade Insights: HSN Code 04059020 Export-Import Analysis

Consistent Export Growth: 13.78% CAGR Over 7 Years

India's exports under HSN Code 04059020 have grown at a compound annual rate of 13.78% over 7 fiscal years, rising from ₹458.75 Crore in FY 2018-19 to ₹995.11 Crore in FY 2024-25.

HSN Code 04059020 Ranked #530 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 04059020 ranks #530 out of 12657 HSN codes by total export value. Within Sub-Chapter 0405, it ranks #2 of 5. By trade surplus, it ranks #352 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 04059020 Exports

The strongest single-year export movement for HSN Code 04059020 was recorded in FY 2020-21, when exports surged by 28.89% over the prior year.

India Maintains a Trade Surplus of ₹992.71 Crore in HSN Code 04059020 Goods

In FY 2024-25, India's exports of ₹995.11 Cr exceeded imports of ₹2.40 Cr, resulting in a trade surplus of ₹992.71 Crore — ranking #352 of 12657 by surplus magnitude.

Import Growth of −17.11% CAGR Signals Stable Import Dependency for Butter, Dairy Spreads & Milk Fats

India's imports under HSN Code 04059020 have grown at −17.11% CAGR, reaching ₹2.40 Crore in FY 2024-25.

HSN Code 04059020 Contributes 30.89% of Sub-Chapter 0405 Exports — Ranked #2

Among the 5 HSN codes under Sub-Chapter 0405, HSN Code 04059020 ranks #2 by export value — accounting for 30.89% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.70% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 04059020 and GST compliance.

What products are classified under HSN 4059020 ?

It includes Butter, Dairy Spreads & Milk Fats

Is ITC allowed for costs used to trade Butter, Dairy Spreads & Milk Fats?

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 Butter, Dairy Spreads & Milk Fats is sold with exempt goods?

Use separate invoice lines per HSN. Apply TBD for Butter, Dairy Spreads & Milk Fats and Nil for exempt lines. This avoids misclassification and wrong tax collection.

How much GST applies to Butter, Dairy Spreads & Milk Fats?

Under HSN 04059020, Butter, Dairy Spreads & Milk Fats attracts TBD subject to its exact form and packaging. Use the correct HSN and describe the form clearly on the invoice.

Does ‘pre‑packaged & labelled’ change GST on Butter, Dairy Spreads & Milk Fats?

Yes. When Butter, Dairy Spreads & Milk Fats 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.

Any import/export nuance for Butter, Dairy Spreads & Milk Fats?

Exports are zero‑rated. Imports may draw customs duties; domestic GST follows the schedule for the item’s form/packaging.

Are e‑way bill and e‑invoice required for Butter, Dairy Spreads & Milk Fats?

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.

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.