HSN Code 12040010: Linseed, whether or not broken, of seed quality
HSN Code 12040010 represents Linseed, whether or not broken, of seed quality under GST classification. This code helps businesses identify Linseed, whether or not broken, of seed quality correctly for billing, taxation, and trade. With HSN Code 12040010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Linseed, whether or not broken, of seed quality.
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Description of Goods for HSN Code 12040010
HSN Code 12040010 relates to the following description.
What does HSN Code 12040010 not include?
Linseed, whether or not broken, of seed quality does not include products with the following descriptions.
Linseed, whether or not broken: Other
Linseed, whether or not broken: Other
India’s Trade Performance — HSN Code 12040010 in FY 2024-25
India’s Exports
FY 2024-25₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25Nil
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹3 Cr
Surplus rank #4005 of 12657 HSN codes
% of Sub-Chapter 1204
FY 2024-251.82%
Share of Sub-Chapter 1204’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 1204’s imports
Rank Within Sub-Chapter 1204
FY 2024-25#2 of 2
Position by export value among HSN codes in Sub-Chapter 1204
At a glance
−14.36%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7146
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+65.69%
Peak Growth Year
FY 2022-23 · strongest single-year move
1.82%
Contribution to Sub-Ch. 1204
Share of Sub-Chapter 1204 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 12040010
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+7.16
Exports
7.96 ₹ Cr
0.0003% share
— YoY
10.75% of Sub-Ch. 1204
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
22.66% of Sub-Ch. 1204
Balance
+6.49
Exports
6.49 ₹ Cr
0.0003% share
−18.47% YoY
8.02% of Sub-Ch. 1204
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 1204
Balance
+1.13
Exports
1.13 ₹ Cr
0.0001% share
−82.59% YoY
1.32% of Sub-Ch. 1204
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1204
Balance
+0.49
Exports
1.02 ₹ Cr
0.0000% share
−9.73% YoY
0.87% of Sub-Ch. 1204
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
82.81% of Sub-Ch. 1204
Balance
+1.69
Exports
1.69 ₹ Cr
0.0000% share
+65.69% YoY
1.04% of Sub-Ch. 1204
Imports
Nil ₹ Cr
0.0000% share
−100.00% YoY
0.00% of Sub-Ch. 1204
Balance
+2.59
Exports
2.59 ₹ Cr
0.0001% share
+53.25% YoY
1.73% of Sub-Ch. 1204
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1204
Balance
+3.14
Exports
3.14 ₹ Cr
0.0001% share
+21.24% YoY
1.82% of Sub-Ch. 1204
Imports
Nil ₹ Cr
0.0000% share
— YoY
0.00% of Sub-Ch. 1204
CAGR · 7-Year
Exports
−14.36% /yr
Imports
—
reference, FY 2024-25
Export
₹172.58 Cr
Import
₹0.03 Cr
Trade Balance
+172.55
Key Trade Insights: HSN Code 12040010 Export-Import Analysis
Export Decline: −14.36% CAGR Over 7 Years
India's exports under HSN Code 12040010 have declined at a compound annual rate of −14.36% over 7 fiscal years, falling from ₹7.96 Crore in FY 2018-19 to ₹3.14 Crore in FY 2024-25.
HSN Code 12040010 Ranked #7146 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 12040010 ranks #7146 out of 12657 HSN codes by total export value. Within Sub-Chapter 1204, it ranks #2 of 2. By trade surplus, it ranks #4005 of 12657.
FY 2022-23 Was the Strongest Growth Year for HSN Code 12040010 Exports
The strongest single-year export movement for HSN Code 12040010 was recorded in FY 2022-23, when exports surged by 65.69% over the prior year.
India Maintains a Trade Surplus of ₹3.14 Crore in HSN Code 12040010 Goods
In FY 2024-25, India's exports of ₹3.14 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹3.14 Crore — ranking #4005 of 12657 by surplus magnitude.
HSN Code 12040010 Contributes 1.82% of Sub-Chapter 1204 Exports — Ranked #2
Among the 2 HSN codes under Sub-Chapter 1204, HSN Code 12040010 ranks #2 by export value — accounting for 1.82% 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 12040010 and GST compliance.
What products are classified under HSN 12040010 ?
It includes Linseed, whether or not broken, of seed quality
Any common misclassification issue with Linseed, whether or not broken, of seed quality?
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.
Do e‑way bill and e‑invoice apply for Linseed, whether or not broken, of seed quality?
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 much GST applies to Linseed, whether or not broken, of seed quality?
Under HSN 12040010, Linseed, whether or not broken, of seed quality 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 Linseed, whether or not broken, of seed quality?
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.
Does packaging or labelling change the GST for Linseed, whether or not broken, of seed quality?
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.