--- title: "HSN Code for Palm nuts (non-seed quality) | HSN 12071010 GST Rate" description: "Find HSN and GST Rates for 12071010 related to Palm nuts (non-seed quality) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-12071010/" --- # HSN Code 12071010: Palm nuts (non-seed quality) - [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 1207: Oil seeds and fruits](https://busy.in/hsn/sub-chapter-1207/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Palm nuts and kernels: Palm nuts (other than of seed quality) | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 12071010 ? It includes Palm nuts (non-seed quality) ### Do e‑way bill and e‑invoice apply for Palm nuts (non-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 should mixed supplies be billed when Palm nuts (non-seed quality) is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Palm nuts (non-seed quality); Nil for exempt items if applicable). ### Any common misclassification issue with Palm nuts (non-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. ### How much GST applies to Palm nuts (non-seed quality)? Under HSN 12071010, Palm nuts (non-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 Palm nuts (non-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. ## India's trade performance: HSN Code 12071010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3 Cr (+270.11% YoY) — 0.0001% of India's total exports - Imports: ₹34 Cr (−66.87% YoY) — 0.0006% of India's total imports - Trade balance: −₹31 Cr (Deficit); surplus rank #9852 of 12657 HSN codes - Share of Sub-Chapter 1207: 0.07% of its exports; import side 0.87% - Rank within Sub-Chapter 1207: #14 of 22 by export value; import-side #4 ### Key metrics - Export CAGR: 55.25% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7124 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,142.86% in FY 2023-24 - Contribution to Sub-Ch. 1207: 0.07% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 12071010 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. 1207 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1207 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.01% | Nil | 0.0000% | — | 0.00% | +0.23 | #8711 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −86.96% | 0.00% | Nil | 0.0000% | — | 0.00% | +0.03 | #9613 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +733.33% | 0.01% | 1.83 | 0.0001% | — | 0.12% | −1.58 | #8720 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −60.00% | 0.00% | 51.28 | 0.0011% | +2,702.19% | 8.88% | −51.18 | #9543 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −30.00% | 0.00% | 126.39 | 0.0022% | +146.47% | 5.57% | −126.32 | #9782 | | FY 2023-24 | < ₹1 Crore | 0.0000% | +1,142.86% | 0.02% | 102.02 | 0.0018% | −19.28% | 3.35% | −101.15 | #8347 | | FY 2024-25 | 3.22 | 0.0001% | +270.11% | 0.07% | 33.80 | 0.0006% | −66.87% | 0.87% | −30.58 | #7124 | - CAGR (7-year): exports 55.25%/yr, imports —/yr (consistently Deficit) ## Key trade insights: HSN Code 12071010 export-import analysis ### Consistent export growth: 55.25% CAGR over 7 years India's exports under HSN Code 12071010 have grown at a compound annual rate of 55.25% over 7 fiscal years, rising from ₹0.23 Crore in FY 2018-19 to ₹3.22 Crore in FY 2024-25. ### HSN Code 12071010 ranked #7124 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 12071010 ranks #7124 out of 12657 HSN codes by total export value. Within Sub-Chapter 1207, it ranks #14 of 22. By trade surplus, it ranks #9852 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 12071010 exports The strongest single-year export movement for HSN Code 12071010 was recorded in FY 2023-24, when exports surged by 1,142.86% over the prior year. ### India records a trade deficit of ₹30.58 Crore in HSN Code 12071010 goods In FY 2024-25, India's imports of ₹33.80 Cr exceeded exports of ₹3.22 Cr, resulting in a trade deficit of ₹30.58 Crore — ranking #9852 of 12657 by surplus magnitude. ### HSN Code 12071010 contributes 0.07% of Sub-Chapter 1207 exports — ranked #14 Among the 22 HSN codes under Sub-Chapter 1207, HSN Code 12071010 ranks #14 by export value — accounting for 0.07% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.87% share (rank #4). ## Related HSN Codes in Sub-Chapter 1207 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 12074090: Sesamum Seeds\| Other](https://busy.in/hsn/hsn-12074090/) | ₹4,023 Cr | | #2 | [HSN Code 12079990: Other (non-seed)](https://busy.in/hsn/hsn-12079990/) | ₹178 Cr | | #3 | [HSN Code 12075090: Other Mustard Seeds](https://busy.in/hsn/hsn-12075090/) | ₹166 Cr | | #4 | [HSN Code 12074010: Sesamum Seeds\| Of Seed Quality](https://busy.in/hsn/hsn-12074010/) | ₹131 Cr | | #5 | [HSN Code 12077010: Melon Seeds \| Of Seed Quality](https://busy.in/hsn/hsn-12077010/) | ₹70 Cr | | #6 | [HSN Code 12079930: Niger seed](https://busy.in/hsn/hsn-12079930/) | ₹61 Cr | | #7 | [HSN Code 12077090: Melon Seeds \| Other](https://busy.in/hsn/hsn-12077090/) | ₹34 Cr | | #8 | [HSN Code 12073010: Castor seeds (Seed quality)](https://busy.in/hsn/hsn-12073010/) | ₹20 Cr | | #8 | [HSN Code 12073090: Castor seeds (Other)](https://busy.in/hsn/hsn-12073090/) | ₹20 Cr | | #10 | [HSN Code 12076090: Safflower (Carthamus tinctorius) seeds : Other](https://busy.in/hsn/hsn-12076090/) | ₹12 Cr | | #14 | HSN Code 12071010: Palm nuts (non-seed quality) (this hsn code) | ₹3 Cr |