--- title: "HSN Code for Onions And Shallots| Shallots | HSN 07031020 GST Rate" description: "Find HSN and GST Rates for 07031020 related to Onions And Shallots| Shallots with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-07031020/" --- # HSN Code 07031020: Onions And Shallots| Shallots - [Section 02: Guide to HSN Section 02](https://busy.in/hsn/section-02/) - [Chapter 07: Edible Vegetables and Certain Roots and Tubers](https://busy.in/hsn/chapter-07/) - [Sub-chapter 0703: Refined olive oil](https://busy.in/hsn/sub-chapter-0703/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Onions and shallots: Shallots | 0% | 0% | 0% | 0% | ## Frequently asked questions ### What products are classified under HSN 7031020 ? It includes Onions And Shallots| Shallots ### Does packaging or labelling change the GST for Onions And Shallots/ Shallots? For many agri/food items, GST applies at 5% when they are not fresh/chilled and are sold as pre‑packaged & labelled. Loose or fresh/chilled forms may be Nil. ### Do e‑way bill and e‑invoice apply for Onions And Shallots/ Shallots? Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### How should mixed supplies be billed when Onions And Shallots/ Shallots is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Onions And Shallots/ Shallots; Nil for exempt items if applicable). ### Any common misclassification issue with Onions And Shallots/ Shallots? Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection. ### Can we claim ITC on inputs used to trade Onions And Shallots/ Shallots? If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 07031020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹123 Cr (−42.83% YoY) — 0.0033% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹123 Cr (Surplus); surplus rank #1465 of 12657 HSN codes - Share of Sub-Chapter 0703: 3.04% of its exports; import side 0.00% - Rank within Sub-Chapter 0703: #3 of 7 by export value ### Key metrics - Export CAGR: 15.30% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2405 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +195.76% in FY 2020-21 - Contribution to Sub-Ch. 0703: 3.04% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 07031020 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. 0703 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 0703 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 52.45 | 0.0023% | — | 1.47% | Nil | 0.0000% | — | 0.00% | +52.45 | #2781 | | FY 2019-20 | 19.57 | 0.0009% | −62.69% | 0.82% | 2.88 | 0.0001% | — | 0.50% | +16.69 | #4143 | | FY 2020-21 | 57.88 | 0.0027% | +195.76% | 1.98% | < ₹1 Crore | 0.0000% | −79.86% | 0.24% | +57.30 | #2719 | | FY 2021-22 | 107.03 | 0.0034% | +84.92% | 3.00% | Nil | 0.0000% | −100.00% | 0.00% | +107.03 | #2320 | | FY 2022-23 | 124.06 | 0.0034% | +15.91% | 2.62% | Nil | 0.0000% | — | 0.00% | +124.06 | #2258 | | FY 2023-24 | 215.55 | 0.0060% | +73.75% | 4.96% | Nil | 0.0000% | — | 0.00% | +215.55 | #1701 | | FY 2024-25 | 123.24 | 0.0033% | −42.83% | 3.04% | Nil | 0.0000% | — | 0.00% | +123.24 | #2405 | - CAGR (7-year): exports 15.30%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 07031020 export-import analysis ### Consistent export growth: 15.30% CAGR over 7 years India's exports under HSN Code 07031020 have grown at a compound annual rate of 15.30% over 7 fiscal years, rising from ₹52.45 Crore in FY 2018-19 to ₹123.24 Crore in FY 2024-25. ### HSN Code 07031020 ranked #2405 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 07031020 ranks #2405 out of 12657 HSN codes by total export value. Within Sub-Chapter 0703, it ranks #3 of 7. By trade surplus, it ranks #1465 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 07031020 exports The strongest single-year export movement for HSN Code 07031020 was recorded in FY 2020-21, when exports surged by 195.76% over the prior year. ### India maintains a trade surplus of ₹123.24 Crore in HSN Code 07031020 goods In FY 2024-25, India's exports of ₹123.24 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹123.24 Crore — ranking #1465 of 12657 by surplus magnitude. ### HSN Code 07031020 contributes 3.04% of Sub-Chapter 0703 exports — ranked #3 Among the 7 HSN codes under Sub-Chapter 0703, HSN Code 07031020 ranks #3 by export value — accounting for 3.04% 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 0703 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 07031019: Onions And Shallots \| Other](https://busy.in/hsn/hsn-07031019/) | ₹3,610 Cr | | #2 | [HSN Code 07031011: Onions And Shallots\| Rose Onions](https://busy.in/hsn/hsn-07031011/) | ₹223 Cr | | #3 | HSN Code 07031020: Onions And Shallots\| Shallots (this hsn code) | ₹123 Cr | | #4 | [HSN Code 07032000: Garlic](https://busy.in/hsn/hsn-07032000/) | ₹104 Cr | | #5 | [HSN Code 07039000: Leeks And Other Alliaceous Vegetables](https://busy.in/hsn/hsn-07039000/) | < ₹1 Crore | | — | [HSN Code 07031010: Onions/shallots fresh/chilled](https://busy.in/hsn/hsn-07031010/) | Nil | | — | [HSN Code 07031090: Other vegetables, fresh or chilled globe artichokes](https://busy.in/hsn/hsn-07031090/) | — |