HSN Code 12024290: Other shelled peanuts, whether or not broken

HSN Code 12024290 represents Other shelled peanuts, whether or not broken under GST classification. This code helps businesses identify Other shelled peanuts, whether or not broken correctly for billing, taxation, and trade. With HSN Code 12024290, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other shelled peanuts, whether or not broken.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 12024290

HSN Code 12024290 relates to the following description.

Description of Goods

Other : Shelled, whether or not broken : Other

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

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 12024290 not include?

Other shelled peanuts, whether or not broken 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 12024290 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

₹30 Cr

+51.73% vs FY 2023-24

0.0008% 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

₹30 Cr

Trade Surplus

Surplus rank #2534 of 12657 HSN codes

% of Sub-Chapter 1202

FY 2024-25

0.44%

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

#4 of 13

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

At a glance

9.03%

Export CAGR

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

#4340

National Export Rank

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

+51.73%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.44%

Contribution to Sub-Ch. 1202

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

India Export-Import Trade Statistics for HSN Code 12024290

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 #4258

Balance

+17.70

Exports

17.70 ₹ Cr

0.0008% share

— YoY

0.54% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2019-20 Exp. Rank #4009

Balance

+21.59

Exports

21.59 ₹ Cr

0.0010% share

+21.98% YoY

0.42% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2020-21 Exp. Rank #3581

Balance

+31.65

Exports

31.65 ₹ Cr

0.0015% share

+46.60% YoY

0.59% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

FY 2021-22 Exp. Rank #4373

Balance

+23.61

Exports

23.66 ₹ Cr

0.0008% share

−25.24% YoY

0.50% of Sub-Ch. 1202

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.53% of Sub-Ch. 1202

FY 2022-23 Exp. Rank #4009

Balance

+32.97

Exports

33.26 ₹ Cr

0.0009% share

+40.57% YoY

0.49% of Sub-Ch. 1202

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+480.00% YoY

2.25% of Sub-Ch. 1202

FY 2023-24 Exp. Rank #4803

Balance

+19.60

Exports

19.60 ₹ Cr

0.0005% share

−41.07% YoY

0.27% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1202

FY 2024-25 Exp. Rank #4340

Balance

+29.74

Exports

29.74 ₹ Cr

0.0008% share

+51.73% YoY

0.44% of Sub-Ch. 1202

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1202

CAGR · 7-Year

Exports

9.03% /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 12024290 Export-Import Analysis

Consistent Export Growth: 9.03% CAGR Over 7 Years

India's exports under HSN Code 12024290 have grown at a compound annual rate of 9.03% over 7 fiscal years, rising from ₹17.70 Crore in FY 2018-19 to ₹29.74 Crore in FY 2024-25.

HSN Code 12024290 Ranked #4340 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 12024290 ranks #4340 out of 12657 HSN codes by total export value. Within Sub-Chapter 1202, it ranks #4 of 13. By trade surplus, it ranks #2534 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 12024290 Exports

The strongest single-year export movement for HSN Code 12024290 was recorded in FY 2024-25, when exports surged by 51.73% over the prior year.

India Maintains a Trade Surplus of ₹29.74 Crore in HSN Code 12024290 Goods

In FY 2024-25, India's exports of ₹29.74 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹29.74 Crore — ranking #2534 of 12657 by surplus magnitude.

HSN Code 12024290 Contributes 0.44% of Sub-Chapter 1202 Exports — Ranked #4

Among the 13 HSN codes under Sub-Chapter 1202, HSN Code 12024290 ranks #4 by export value — accounting for 0.44% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 12024290 and GST compliance.

What products are classified under HSN 12024290 ?

It includes Other shelled peanuts, whether or not broken

Any common misclassification issue with Other shelled peanuts, whether or not broken?

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.

How should mixed supplies be billed when Other shelled peanuts, whether or not broken is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other shelled peanuts, whether or not broken; Nil for exempt items if applicable).

How much GST applies to Other shelled peanuts, whether or not broken?

Under HSN 12024290, Other shelled peanuts, whether or not broken attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

Does packaging or labelling change the GST for Other shelled peanuts, whether or not broken?

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.

Can we claim ITC on inputs used to trade Other shelled peanuts, whether or not broken?

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.

Do e‑way bill and e‑invoice apply for Other shelled peanuts, whether or not broken?

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.

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.