HSN Code 20041000: Potatoes
HSN Code 20041000 represents Potatoes under GST classification. This code helps businesses identify Potatoes correctly for billing, taxation, and trade. With HSN Code 20041000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Potatoes.
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Description of Goods for HSN Code 20041000
HSN Code 20041000 relates to the following description.
What does HSN Code 20041000 not include?
Potatoes does not include products with the following descriptions.
Other vegetables and mixtures of vegetables
Other vegetables and mixtures of vegetables
India’s Trade Performance — HSN Code 20041000 in FY 2024-25
India’s Exports
FY 2024-25₹1,817 Cr
0.0494% of India’s total exports
India’s Imports
FY 2024-25₹1 Cr
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹1,815 Cr
Surplus rank #212 of 12657 HSN codes
% of Sub-Chapter 2004
FY 2024-2577.17%
Share of Sub-Chapter 2004’s total exports in FY 2024-25
Import side: 18.48% of Sub-Chapter 2004’s imports
Rank Within Sub-Chapter 2004
FY 2024-25#1 of 2
Position by export value among HSN codes in Sub-Chapter 2004
Import-side rank: #2 of 2
At a glance
54.31%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#308
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+104.17%
Peak Growth Year
FY 2022-23 · strongest single-year move
77.17%
Contribution to Sub-Ch. 2004
Share of Sub-Chapter 2004 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 20041000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+134.03
Exports
134.57 ₹ Cr
0.0059% share
— YoY
42.39% of Sub-Ch. 2004
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
8.68% of Sub-Ch. 2004
Balance
+216.70
Exports
217.19 ₹ Cr
0.0099% share
+61.40% YoY
50.33% of Sub-Ch. 2004
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−9.26% YoY
9.80% of Sub-Ch. 2004
Balance
+314.13
Exports
314.23 ₹ Cr
0.0146% share
+44.68% YoY
53.07% of Sub-Ch. 2004
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−79.59% YoY
3.08% of Sub-Ch. 2004
Balance
+422.65
Exports
423.02 ₹ Cr
0.0135% share
+34.62% YoY
55.68% of Sub-Ch. 2004
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+270.00% YoY
8.03% of Sub-Ch. 2004
Balance
+863.46
Exports
863.68 ₹ Cr
0.0239% share
+104.17% YoY
63.37% of Sub-Ch. 2004
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−40.54% YoY
4.10% of Sub-Ch. 2004
Balance
+1,478.56
Exports
1,478.73 ₹ Cr
0.0409% share
+71.21% YoY
73.18% of Sub-Ch. 2004
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−22.73% YoY
4.19% of Sub-Ch. 2004
Balance
+1,815.37
Exports
1,816.80 ₹ Cr
0.0494% share
+22.86% YoY
77.17% of Sub-Ch. 2004
Imports
1.43 ₹ Cr
0.0000% share
+741.18% YoY
18.48% of Sub-Ch. 2004
CAGR · 7-Year
Exports
54.31% /yr
Imports
17.62% /yr
reference, FY 2024-25
Export
₹2,354.38 Cr
Import
₹7.74 Cr
Trade Balance
+2,346.64
Key Trade Insights: HSN Code 20041000 Export-Import Analysis
Consistent Export Growth: 54.31% CAGR Over 7 Years
India's exports under HSN Code 20041000 have grown at a compound annual rate of 54.31% over 7 fiscal years, rising from ₹134.57 Crore in FY 2018-19 to ₹1,816.80 Crore in FY 2024-25.
HSN Code 20041000 Ranked #308 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 20041000 ranks #308 out of 12657 HSN codes by total export value. Within Sub-Chapter 2004, it ranks #1 of 2. By trade surplus, it ranks #212 of 12657.
FY 2022-23 Was the Strongest Growth Year for HSN Code 20041000 Exports
The strongest single-year export movement for HSN Code 20041000 was recorded in FY 2022-23, when exports surged by 104.17% over the prior year.
India Maintains a Trade Surplus of ₹1,815.37 Crore in HSN Code 20041000 Goods
In FY 2024-25, India's exports of ₹1,816.80 Cr exceeded imports of ₹1.43 Cr, resulting in a trade surplus of ₹1,815.37 Crore — ranking #212 of 12657 by surplus magnitude.
Import Growth of 17.62% CAGR Signals Rising Demand for Potatoes
India's imports under HSN Code 20041000 have grown at 17.62% CAGR, reaching ₹1.43 Crore in FY 2024-25.
HSN Code 20041000 Contributes 77.17% of Sub-Chapter 2004 Exports — Ranked #1
Among the 2 HSN codes under Sub-Chapter 2004, HSN Code 20041000 ranks #1 by export value — accounting for 77.17% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 18.48% share (rank #2).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 20041000 and GST compliance.
What products are classified under HSN 20041000 ?
It includes Potatoes
Does packaging or labelling change the GST for Potatoes?
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 Potatoes?
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 Potatoes?
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 Potatoes is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Potatoes; Nil for exempt items if applicable).
How much GST applies to Potatoes?
Under HSN 20041000, Potatoes attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.