HSN Code 12073010: Castor seeds (Seed quality)

HSN Code 12073010 represents Castor seeds (Seed quality) under GST classification. This code helps businesses identify Castor seeds (Seed quality) correctly for billing, taxation, and trade. With HSN Code 12073010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Castor seeds (Seed quality).

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Description of Goods for HSN Code 12073010

HSN Code 12073010 relates to the following description.

Description of Goods

Castor oil seeds: 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

0%

SGST

0%

IGST

0%

CESS

0%

What does HSN Code 12073010 not include?

Castor seeds (Seed quality) does not include products with the following descriptions.

HSN Code 12072010

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

HSN Code 12072090

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

India’s Trade Performance — HSN Code 12073010 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

₹20 Cr

+1,754.21% vs FY 2023-24

0.0005% 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

₹20 Cr

Trade Surplus

Surplus rank #2816 of 12657 HSN codes

% of Sub-Chapter 1207

FY 2024-25

0.42%

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

Import side: 0.00% of Sub-Chapter 1207’s imports

Rank Within Sub-Chapter 1207

FY 2024-25

#8 of 22

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

At a glance

254.48%

Export CAGR

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

#4888

National Export Rank

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

+7,100.00%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.42%

Contribution to Sub-Ch. 1207

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

India Export-Import Trade Statistics for HSN Code 12073010

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 #9921

Balance

+0.01

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1207

FY 2019-20 Exp. Rank #7915

Balance

+0.72

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+7,100.00% YoY

0.02% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1207

FY 2020-21

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1207

FY 2021-22 Exp. Rank #8939

Balance

+0.30

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 2022-23 Exp. Rank #9197

Balance

+0.23

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−23.33% YoY

0.01% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1207

FY 2023-24 Exp. Rank #8187

Balance

+1.07

Exports

1.07 ₹ Cr

0.0000% share

+365.22% YoY

0.02% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1207

FY 2024-25 Exp. Rank #4888

Balance

+19.84

Exports

19.84 ₹ Cr

0.0005% share

+1,754.21% YoY

0.42% of Sub-Ch. 1207

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 1207

CAGR · 7-Year

Exports

254.48% /yr

Imports

—

Consistently Surplus
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 12073010 Export-Import Analysis

Consistent Export Growth: 254.48% CAGR Over 7 Years

India's exports under HSN Code 12073010 have grown at a compound annual rate of 254.48% over 7 fiscal years, rising from ₹0.01 Crore in FY 2018-19 to ₹19.84 Crore in FY 2024-25.

HSN Code 12073010 Ranked #4888 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 12073010 ranks #4888 out of 12657 HSN codes by total export value. Within Sub-Chapter 1207, it ranks #8 of 22. By trade surplus, it ranks #2816 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 12073010 Exports

The strongest single-year export movement for HSN Code 12073010 was recorded in FY 2019-20, when exports surged by 7,100.00% over the prior year.

India Maintains a Trade Surplus of ₹19.84 Crore in HSN Code 12073010 Goods

In FY 2024-25, India's exports of ₹19.84 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹19.84 Crore — ranking #2816 of 12657 by surplus magnitude.

HSN Code 12073010 Contributes 0.42% of Sub-Chapter 1207 Exports — Ranked #8

Among the 22 HSN codes under Sub-Chapter 1207, HSN Code 12073010 ranks #8 by export value — accounting for 0.42% 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 12073010 and GST compliance.

What products are classified under HSN 12073010 ?

It includes Castor seeds (Seed quality)

Do e‑way bill and e‑invoice apply for Castor seeds (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 Castor seeds (Seed quality) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Castor seeds (Seed quality); Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Castor seeds (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 Castor seeds (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.

Any common misclassification issue with Castor seeds (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 Castor seeds (Seed quality)?

Under HSN 12073010, Castor seeds (Seed quality) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

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.