HSN Code 07031020: Onions And Shallots| Shallots
HSN Code 07031020 represents Onions And Shallots| Shallots under GST classification. This code helps businesses identify Onions And Shallots| Shallots correctly for billing, taxation, and trade. With HSN Code 07031020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Onions And Shallots| Shallots.
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Description of Goods for HSN Code 07031020
HSN Code 07031020 relates to the following description.
What does HSN Code 07031020 not include?
Onions And Shallots| Shallots does not include products with the following descriptions.
Onions, shallots, garlic, leeks and otheralliaceous vegetables, fresh or chilled onions and shallots onions
Onions and shallots: Rose Onions
Onions and shallots: Other
Other
Garlic
Leeks and other alliaceous vegetables
India’s Trade Performance — HSN Code 07031020 in FY 2024-25
India’s Exports
FY 2024-25₹123 Cr
0.0033% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹123 Cr
Surplus rank #1465 of 12657 HSN codes
% of Sub-Chapter 0703
FY 2024-253.04%
Share of Sub-Chapter 0703’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 0703’s imports
Rank Within Sub-Chapter 0703
FY 2024-25#3 of 7
Position by export value among HSN codes in Sub-Chapter 0703
At a glance
15.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2405
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+195.76%
Peak Growth Year
FY 2020-21 · strongest single-year move
3.04%
Contribution to Sub-Ch. 0703
Share of Sub-Chapter 0703 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+52.45
Exports
52.45 ₹ Cr
0.0023% share
— YoY
1.47% of Sub-Ch. 0703
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 0703
Balance
+16.69
Exports
19.57 ₹ Cr
0.0009% share
−62.69% YoY
0.82% of Sub-Ch. 0703
Imports
2.88 ₹ Cr
0.0001% share
— YoY
0.50% of Sub-Ch. 0703
Balance
+57.30
Exports
57.88 ₹ Cr
0.0027% share
+195.76% YoY
1.98% of Sub-Ch. 0703
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−79.86% YoY
0.24% of Sub-Ch. 0703
Balance
+107.03
Exports
107.03 ₹ Cr
0.0034% share
+84.92% YoY
3.00% of Sub-Ch. 0703
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 0703
Balance
+124.06
Exports
124.06 ₹ Cr
0.0034% share
+15.91% YoY
2.62% of Sub-Ch. 0703
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 0703
Balance
+215.55
Exports
215.55 ₹ Cr
0.0060% share
+73.75% YoY
4.96% of Sub-Ch. 0703
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 0703
Balance
+123.24
Exports
123.24 ₹ Cr
0.0033% share
−42.83% YoY
3.04% of Sub-Ch. 0703
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 0703
CAGR · 7-Year
Exports
15.30% /yr
Imports
—
reference, FY 2024-25
Export
₹4,059.97 Cr
Import
₹208.21 Cr
Trade Balance
+3,851.76
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.
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Frequently Asked Questions
Clear answers to common queries about HSN Code 07031020 and GST compliance.
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.