HSN Code 17031000: Cane molasses
HSN Code 17031000 represents Cane molasses under GST classification. This code helps businesses identify Cane molasses correctly for billing, taxation, and trade. With HSN Code 17031000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cane molasses.
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Description of Goods for HSN Code 17031000
HSN Code 17031000 relates to the following description.
What does HSN Code 17031000 not include?
Cane molasses does not include products with the following descriptions.
Other : Molasses, edible
Other : Other
India’s Trade Performance — HSN Code 17031000 in FY 2024-25
India’s Exports
FY 2024-25₹25 Cr
0.0007% of India’s total exports
India’s Imports
FY 2024-25₹9 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25₹17 Cr
Surplus rank #2962 of 12657 HSN codes
% of Sub-Chapter 1703
FY 2024-2510.18%
Share of Sub-Chapter 1703’s total exports in FY 2024-25
Import side: 99.54% of Sub-Chapter 1703’s imports
Rank Within Sub-Chapter 1703
FY 2024-25#2 of 3
Position by export value among HSN codes in Sub-Chapter 1703
Import-side rank: #1 of 3
At a glance
−40.75%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#4558
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+152.00%
Peak Growth Year
FY 2020-21 · strongest single-year move
10.18%
Contribution to Sub-Ch. 1703
Share of Sub-Chapter 1703 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 17031000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+581.84
Exports
582.88 ₹ Cr
0.0255% share
— YoY
99.33% of Sub-Ch. 1703
Imports
1.04 ₹ Cr
0.0000% share
— YoY
75.36% of Sub-Ch. 1703
Balance
+502.11
Exports
512.27 ₹ Cr
0.0233% share
−12.11% YoY
98.99% of Sub-Ch. 1703
Imports
10.16 ₹ Cr
0.0003% share
+876.92% YoY
99.51% of Sub-Ch. 1703
Balance
+1,290.44
Exports
1,290.92 ₹ Cr
0.0600% share
+152.00% YoY
98.08% of Sub-Ch. 1703
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−95.28% YoY
52.17% of Sub-Ch. 1703
Balance
+1,599.57
Exports
1,601.10 ₹ Cr
0.0510% share
+24.03% YoY
98.48% of Sub-Ch. 1703
Imports
1.53 ₹ Cr
0.0000% share
+218.75% YoY
76.12% of Sub-Ch. 1703
Balance
+2,029.84
Exports
2,034.39 ₹ Cr
0.0562% share
+27.06% YoY
98.57% of Sub-Ch. 1703
Imports
4.55 ₹ Cr
0.0001% share
+197.39% YoY
97.85% of Sub-Ch. 1703
Balance
+839.27
Exports
855.56 ₹ Cr
0.0236% share
−57.95% YoY
77.60% of Sub-Ch. 1703
Imports
16.29 ₹ Cr
0.0003% share
+258.02% YoY
100.00% of Sub-Ch. 1703
Balance
+16.52
Exports
25.22 ₹ Cr
0.0007% share
−97.05% YoY
10.18% of Sub-Ch. 1703
Imports
8.70 ₹ Cr
0.0001% share
−46.59% YoY
99.54% of Sub-Ch. 1703
CAGR · 7-Year
Exports
−40.75% /yr
Imports
42.48% /yr
reference, FY 2024-25
Export
₹247.69 Cr
Import
₹8.74 Cr
Trade Balance
+238.95
Key Trade Insights: HSN Code 17031000 Export-Import Analysis
Export Decline: −40.75% CAGR Over 7 Years
India's exports under HSN Code 17031000 have declined at a compound annual rate of −40.75% over 7 fiscal years, falling from ₹582.88 Crore in FY 2018-19 to ₹25.22 Crore in FY 2024-25.
HSN Code 17031000 Ranked #4558 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 17031000 ranks #4558 out of 12657 HSN codes by total export value. Within Sub-Chapter 1703, it ranks #2 of 3. By trade surplus, it ranks #2962 of 12657.
FY 2020-21 Was the Strongest Growth Year for HSN Code 17031000 Exports
The strongest single-year export movement for HSN Code 17031000 was recorded in FY 2020-21, when exports surged by 152.00% over the prior year.
India Maintains a Trade Surplus of ₹16.52 Crore in HSN Code 17031000 Goods
In FY 2024-25, India's exports of ₹25.22 Cr exceeded imports of ₹8.70 Cr, resulting in a trade surplus of ₹16.52 Crore — ranking #2962 of 12657 by surplus magnitude.
Import Growth of 42.48% CAGR Signals Rising Demand for Cane molasses
India's imports under HSN Code 17031000 have grown at 42.48% CAGR, reaching ₹8.70 Crore in FY 2024-25.
HSN Code 17031000 Contributes 10.18% of Sub-Chapter 1703 Exports — Ranked #2
Among the 3 HSN codes under Sub-Chapter 1703, HSN Code 17031000 ranks #2 by export value — accounting for 10.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 99.54% share (rank #1).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 17031000 and GST compliance.
What products are classified under HSN 17031000 ?
It includes Cane molasses
How should mixed supplies be billed when Cane molasses is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cane molasses; Nil for exempt items if applicable).
Does packaging or labelling change the GST for Cane molasses?
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 Cane molasses?
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 Cane molasses?
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.
Any common misclassification issue with Cane molasses?
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.