--- title: "HSN Code for Seed | H.P.S. | HSN 12023010 GST Rate" description: "Find HSN and GST Rates for 12023010 related to Seed | H.P.S. with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-12023010/" --- # HSN Code 12023010: Seed | H.P.S. - [Section 02: Guide to HSN Section 02](https://busy.in/hsn/section-02/) - [Chapter 12: Oil Seeds, Grains, Medicinal Plants and Straw](https://busy.in/hsn/chapter-12/) - [Sub-chapter 1202: Fresh poultry products](https://busy.in/hsn/sub-chapter-1202/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Seed : H.P.S. | 0% | 0% | 0% | 0% | ## Frequently asked questions ### What products are classified under HSN 12023010 ? It includes Seed | H.P.S. ### Any common misclassification issue with Seed / H.P.S.? 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. ### Does packaging or labelling change the GST for Seed / H.P.S.? 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. ### How should mixed supplies be billed when Seed / H.P.S. is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Seed / H.P.S.; Nil for exempt items if applicable). ### How much GST applies to Seed / H.P.S.? Under HSN 12023010, Seed / H.P.S. attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Can we claim ITC on inputs used to trade Seed / H.P.S.? 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 12023010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (−42.20% YoY) — 0.0000% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹1 Cr (Surplus); surplus rank #4422 of 12657 HSN codes - Share of Sub-Chapter 1202: 0.02% of its exports; import side 0.00% - Rank within Sub-Chapter 1202: #7 of 13 by export value ### Key metrics - Export CAGR: 2.60% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #8031 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +268.75% in FY 2022-23 - Contribution to Sub-Ch. 1202: 0.02% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 12023010 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. 1202 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1202 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1.08 | 0.0000% | — | 0.03% | Nil | 0.0000% | — | 0.00% | +1.08 | #7556 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −50.00% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.54 | #8145 | | FY 2020-21 | < ₹1 Crore | 0.0000% | 0.00% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.54 | #8177 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +77.78% | 0.02% | Nil | 0.0000% | — | 0.00% | +0.96 | #8020 | | FY 2022-23 | 3.54 | 0.0001% | +268.75% | 0.05% | Nil | 0.0000% | — | 0.00% | +3.54 | #6820 | | FY 2023-24 | 2.18 | 0.0001% | −38.42% | 0.03% | Nil | 0.0000% | — | 0.00% | +2.18 | #7498 | | FY 2024-25 | 1.26 | 0.0000% | −42.20% | 0.02% | Nil | 0.0000% | — | 0.00% | +1.26 | #8031 | - CAGR (7-year): exports 2.60%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 12023010 export-import analysis ### Consistent export growth: 2.60% CAGR over 7 years India's exports under HSN Code 12023010 have grown at a compound annual rate of 2.60% over 7 fiscal years, rising from ₹1.08 Crore in FY 2018-19 to ₹1.26 Crore in FY 2024-25. ### HSN Code 12023010 ranked #8031 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 12023010 ranks #8031 out of 12657 HSN codes by total export value. Within Sub-Chapter 1202, it ranks #7 of 13. By trade surplus, it ranks #4422 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 12023010 exports The strongest single-year export movement for HSN Code 12023010 was recorded in FY 2022-23, when exports surged by 268.75% over the prior year. ### India maintains a trade surplus of ₹1.26 Crore in HSN Code 12023010 goods In FY 2024-25, India's exports of ₹1.26 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹1.26 Crore — ranking #4422 of 12657 by surplus magnitude. ### HSN Code 12023010 contributes 0.02% of Sub-Chapter 1202 exports — ranked #7 Among the 13 HSN codes under Sub-Chapter 1202, HSN Code 12023010 ranks #7 by export value — accounting for 0.02% 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 1202 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 12024210: Shelled kernels, H.P.S.](https://busy.in/hsn/hsn-12024210/) | ₹6,476 Cr | | #2 | [HSN Code 12024190: Other \| In Shell](https://busy.in/hsn/hsn-12024190/) | ₹132 Cr | | #3 | [HSN Code 12024220: Shelled kernels, others](https://busy.in/hsn/hsn-12024220/) | ₹72 Cr | | #4 | [HSN Code 12024290: Other shelled peanuts, whether or not broken](https://busy.in/hsn/hsn-12024290/) | ₹30 Cr | | #5 | [HSN Code 12024110: Other \| In Shell](https://busy.in/hsn/hsn-12024110/) | ₹12 Cr | | #6 | [HSN Code 12023090: Sheep\| Other](https://busy.in/hsn/hsn-12023090/) | ₹6 Cr | | #7 | HSN Code 12023010: Seed \| H.P.S. (this hsn code) | ₹1 Cr | | — | [HSN Code 12021011: Groundnuts H.P.S.: Not Roasted/Cooked, Other](https://busy.in/hsn/hsn-12021011/) | — | | — | [HSN Code 12021019: Groundnuts Other: Of Seed Quality](https://busy.in/hsn/hsn-12021019/) | — | | — | [HSN Code 12021091: Groundnuts Other: Not Roasted/Cooked](https://busy.in/hsn/hsn-12021091/) | — |