HSN Code 12071010: Palm nuts (non-seed quality)

HSN Code 12071010 represents Palm nuts (non-seed quality) under GST classification. This code helps businesses identify Palm nuts (non-seed quality) correctly for billing, taxation, and trade. With HSN Code 12071010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Palm nuts (non-seed quality).

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 12071010

HSN Code 12071010 relates to the following description.

Description of Goods

Palm nuts and kernels: Palm nuts (other than of seed quality)

Chapter

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

Sub Chapter

1207 - Other oil seeds and oleaginous fruits whether or not broken

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 12071010 not include?

Palm nuts (non-seed quality) does not include products with the following descriptions.

other oil seeds and oleaginous fruits, whether or not broken cotton seeds : of seed quality

other oil seeds and oleaginous fruits, whether or not broken cotton seeds : other

India’s Trade Performance — HSN Code 12071010 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

₹3 Cr

+270.11% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹34 Cr

−66.87% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

−₹31 Cr

Trade Deficit

Surplus rank #9852 of 12657 HSN codes

% of Sub-Chapter 1207

FY 2024-25

0.07%

Share of Sub-Chapter 1207’s total exports in FY 2024-25

Import side: 0.87% of Sub-Chapter 1207’s imports

Rank Within Sub-Chapter 1207

FY 2024-25

#14 of 22

Position by export value among HSN codes in Sub-Chapter 1207

Import-side rank: #4 of 22

At a glance

55.25%

Export CAGR

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

#7124

National Export Rank

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

+1,142.86%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.07%

Contribution to Sub-Ch. 1207

Share of Sub-Chapter 1207 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #8711

Balance

+0.23

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.01% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 1207

FY 2019-20 Exp. Rank #9613

Balance

+0.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−86.96% YoY

0.00% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 1207

FY 2020-21 Exp. Rank #8720

Balance

−1.58

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+733.33% YoY

0.01% of Sub-Ch. 1207

Imports

1.83 ₹ Cr

0.0001% share

YoY

0.12% of Sub-Ch. 1207

FY 2021-22 Exp. Rank #9543

Balance

−51.18

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−60.00% YoY

0.00% of Sub-Ch. 1207

Imports

51.28 ₹ Cr

0.0011% share

+2,702.19% YoY

8.88% of Sub-Ch. 1207

FY 2022-23 Exp. Rank #9782

Balance

−126.32

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−30.00% YoY

0.00% of Sub-Ch. 1207

Imports

126.39 ₹ Cr

0.0022% share

+146.47% YoY

5.57% of Sub-Ch. 1207

FY 2023-24 Exp. Rank #8347

Balance

−101.15

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,142.86% YoY

0.02% of Sub-Ch. 1207

Imports

102.02 ₹ Cr

0.0018% share

−19.28% YoY

3.35% of Sub-Ch. 1207

FY 2024-25 Exp. Rank #7124

Balance

−30.58

Exports

3.22 ₹ Cr

0.0001% share

+270.11% YoY

0.07% of Sub-Ch. 1207

Imports

33.80 ₹ Cr

0.0006% share

−66.87% YoY

0.87% of Sub-Ch. 1207

CAGR · 7-Year

Exports

55.25% /yr

Imports

Consistently Deficit
Sub-Chapter 1207 total

reference, FY 2024-25

Export

₹4,745.99 Cr

Import

₹3,901.82 Cr

Trade Balance

+844.17

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

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).

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 12071010 and GST compliance.

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.

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.