HSN Code 12023010: Seed | H.P.S.

HSN Code 12023010 represents Seed | H.P.S. under GST classification. This code helps businesses identify Seed | H.P.S. correctly for billing, taxation, and trade. With HSN Code 12023010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Seed | H.P.S..

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Description of Goods for HSN Code 12023010

HSN Code 12023010 relates to the following description.

Description of Goods

Seed : H.P.S.

Chapter

12 - Oil seeds and oleaginous fruits, miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder

Sub Chapter

1202 - Ground-nuts, not roasted or otherwise cooked, whether or not shelled or broken

CGST

0%

SGST

0%

IGST

0%

CESS

0%

What does HSN Code 12023010 not include?

Seed | H.P.S. does not include products with the following descriptions.

HSN Code 12021011

GROUND?NUTS, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN IN SHELL : H.P.S : OF SEED QUALITY

HSN Code 12021019

GROUND?NUTS, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN IN SHELL : H.P.S : OTHER

HSN Code 12021091

GROUND?NUTS, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN IN SHELL : OTHER : OF SEED QUALITY

HSN Code 12021099

GROUND?NUTS, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN IN SHELL : OTHER : OTHER

HSN Code 12022010

GROUND?NUTS, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN SHELLED, WHETHER OR NOT BROKEN : KERNELS, H.P.S.

HSN Code 12022090

GROUND?NUTS, NOT ROASTED OR OTHERWISE COOKED, WHETHER OR NOT SHELLED OR BROKEN SHELLED, WHETHER OR NOT BROKEN : OTHER

India’s Trade Performance — HSN Code 12023010 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

₹1 Cr

−42.20% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹1 Cr

Trade Surplus

Surplus rank #4422 of 12657 HSN codes

% of Sub-Chapter 1202

FY 2024-25

0.02%

Share of Sub-Chapter 1202’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 1202’s imports

Rank Within Sub-Chapter 1202

FY 2024-25

#7 of 13

Position by export value among HSN codes in Sub-Chapter 1202

At a glance

2.60%

Export CAGR

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

#8031

National Export Rank

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

+268.75%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.02%

Contribution to Sub-Ch. 1202

Share of Sub-Chapter 1202 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #7556

Balance

+1.08

Exports

1.08 ₹ Cr

0.0000% share

— YoY

0.03% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2019-20 Exp. Rank #8145

Balance

+0.54

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−50.00% YoY

0.01% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2020-21 Exp. Rank #8177

Balance

+0.54

Exports

< ₹1 Crore ₹ Cr

0.0000% share

0.00% YoY

0.01% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2021-22 Exp. Rank #8020

Balance

+0.96

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+77.78% YoY

0.02% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2022-23 Exp. Rank #6820

Balance

+3.54

Exports

3.54 ₹ Cr

0.0001% share

+268.75% YoY

0.05% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2023-24 Exp. Rank #7498

Balance

+2.18

Exports

2.18 ₹ Cr

0.0001% share

−38.42% YoY

0.03% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2024-25 Exp. Rank #8031

Balance

+1.26

Exports

1.26 ₹ Cr

0.0000% share

−42.20% YoY

0.02% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

CAGR · 7-Year

Exports

2.60% /yr

Imports

—

Consistently Surplus
Sub-Chapter 1202 total

reference, FY 2024-25

Export

₹6,728.41 Cr

Import

₹11.97 Cr

Trade Balance

+6,716.44

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

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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 12023010 and GST compliance.

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.

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.