--- title: "HSN Code for Of Maize (Corn) | Maize Bran | HSN 23021010 GST Rate" description: "Find HSN and GST Rates for 23021010 related to Of Maize (Corn) | Maize Bran with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-23021010/" --- # HSN Code 23021010: Of Maize (Corn) | Maize Bran - [Section 04: Guide to HSN Section 04](https://busy.in/hsn/section-04/) - [Chapter 23: Residues and Waste from Food Industries; Animal Fodder](https://busy.in/hsn/chapter-23/) - [Sub-chapter 2302: Milling residues](https://busy.in/hsn/sub-chapter-2302/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Of maize (corn) : Maize bran | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 23021010 ? It includes Of Maize (Corn) | Maize Bran ### Any common misclassification issue with Of Maize (Corn) / Maize Bran? 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 Of Maize (Corn) / Maize Bran? Under HSN 23021010, Of Maize (Corn) / Maize Bran attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Do e‑way bill and e‑invoice apply for Of Maize (Corn) / Maize Bran? 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. ### Can we claim ITC on inputs used to trade Of Maize (Corn) / Maize Bran? 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 Of Maize (Corn) / Maize Bran? 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. ### How should mixed supplies be billed when Of Maize (Corn) / Maize Bran is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of Maize (Corn) / Maize Bran; Nil for exempt items if applicable). ## India's trade performance: HSN Code 23021010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (−57.74% YoY) — 0.0001% of India's total exports - Imports: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4315 of 12657 HSN codes - Share of Sub-Chapter 2302: 0.31% of its exports; import side 0.21% - Rank within Sub-Chapter 2302: #5 of 8 by export value; import-side #5 ### Key metrics - Export CAGR: 83.52% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7643 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +3,540.00% in FY 2020-21 - Contribution to Sub-Ch. 2302: 0.31% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 23021010 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. 2302 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2302 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.40% | < ₹1 Crore | 0.0000% | — | 0.35% | −0.32 | #9496 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +300.00% | 0.67% | 18.55 | 0.0006% | +4,913.51% | 17.64% | −18.35 | #8846 | | FY 2020-21 | 7.28 | 0.0003% | +3,540.00% | 1.91% | Nil | 0.0000% | −100.00% | 0.00% | +7.28 | #5470 | | FY 2021-22 | 12.83 | 0.0004% | +76.24% | 1.62% | 1.81 | 0.0000% | — | 3.01% | +11.02 | #5163 | | FY 2022-23 | 45.97 | 0.0013% | +258.30% | 2.77% | Nil | 0.0000% | −100.00% | 0.00% | +45.97 | #3598 | | FY 2023-24 | 4.52 | 0.0001% | −90.17% | 0.30% | Nil | 0.0000% | — | 0.00% | +4.52 | #6692 | | FY 2024-25 | 1.91 | 0.0001% | −57.74% | 0.31% | < ₹1 Crore | 0.0000% | — | 0.21% | +1.63 | #7643 | - CAGR (7-year): exports 83.52%/yr, imports -4.54%/yr (consistently Surplus) ## Key trade insights: HSN Code 23021010 export-import analysis ### Consistent export growth: 83.52% CAGR over 7 years India's exports under HSN Code 23021010 have grown at a compound annual rate of 83.52% over 7 fiscal years, rising from ₹0.05 Crore in FY 2018-19 to ₹1.91 Crore in FY 2024-25. ### HSN Code 23021010 ranked #7643 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 23021010 ranks #7643 out of 12657 HSN codes by total export value. Within Sub-Chapter 2302, it ranks #5 of 8. By trade surplus, it ranks #4315 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 23021010 exports The strongest single-year export movement for HSN Code 23021010 was recorded in FY 2020-21, when exports surged by 3,540.00% over the prior year. ### India maintains a trade surplus of ₹1.63 Crore in HSN Code 23021010 goods In FY 2024-25, India's exports of ₹1.91 Cr exceeded imports of ₹0.28 Cr, resulting in a trade surplus of ₹1.63 Crore — ranking #4315 of 12657 by surplus magnitude. ### Import growth of -4.54% CAGR signals stable import dependency for Of Maize (Corn) | Maize Bran India's imports under HSN Code 23021010 have grown at -4.54% CAGR, reaching ₹0.28 Crore in FY 2024-25. ### HSN Code 23021010 contributes 0.31% of Sub-Chapter 2302 exports — ranked #5 Among the 8 HSN codes under Sub-Chapter 2302, HSN Code 23021010 ranks #5 by export value — accounting for 0.31% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.21% share (rank #5). ## Related HSN Codes in Sub-Chapter 2302 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 23023000: Of Wheat Bran And De-Oiled Cake](https://busy.in/hsn/hsn-23023000/) | ₹509 Cr | | #2 | [HSN Code 23025000: Of Leguminous Plants](https://busy.in/hsn/hsn-23025000/) | ₹109 Cr | | #3 | [HSN Code 23024000: Of Other Cereals](https://busy.in/hsn/hsn-23024000/) | ₹4 Cr | | #4 | [HSN Code 23021090: Of Maize (Corn) \| Other](https://busy.in/hsn/hsn-23021090/) | ₹2 Cr | | #5 | HSN Code 23021010: Of Maize (Corn) \| Maize Bran (this hsn code) | ₹2 Cr | | — | [HSN Code 23022010: Raw Rice Bran: Cereal Milling Residues](https://busy.in/hsn/hsn-23022010/) | — | | — | [HSN Code 23022020: Other Rice Bran Residues: Cereal/Leguminous](https://busy.in/hsn/hsn-23022020/) | — | | — | [HSN Code 23022090: Maize (Corn) Germ Oil-Cake/Solid Residues](https://busy.in/hsn/hsn-23022090/) | — |