HSN Code 23021010: Of Maize (Corn) | Maize Bran

HSN Code 23021010 represents Of Maize (Corn) | Maize Bran under GST classification. This code helps businesses identify Of Maize (Corn) | Maize Bran correctly for billing, taxation, and trade. With HSN Code 23021010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Of Maize (Corn) | Maize Bran.

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Description of Goods for HSN Code 23021010

HSN Code 23021010 relates to the following description.

Description of Goods

Of maize (corn) : Maize bran

Chapter

23 - Residues and waste from the food industries; prepared animal fodder

Sub Chapter

2302 - Bran, sharps and other residues, whether or not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 23021010 not include?

Of Maize (Corn) | Maize Bran does not include products with the following descriptions.

Bran, sharps and other residues, whetheror not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants - of rice : de-oiled rice bran

Bran, sharps and other residues, whetheror not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants - of rice : rice bran, raw

Bran, sharps and other residues, whetheror not in the form of pellets, derived from the sifting, milling or other working of cereals or of leguminous plants - of rice : other

India’s Trade Performance — HSN Code 23021010 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

₹2 Cr

−57.74% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹2 Cr

Trade Surplus

Surplus rank #4315 of 12657 HSN codes

% of Sub-Chapter 2302

FY 2024-25

0.31%

Share of Sub-Chapter 2302’s total exports in FY 2024-25

Import side: 0.21% of Sub-Chapter 2302’s imports

Rank Within Sub-Chapter 2302

FY 2024-25

#5 of 8

Position by export value among HSN codes in Sub-Chapter 2302

Import-side rank: #5 of 8

At a glance

83.52%

Export CAGR

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

#7643

National Export Rank

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

+3,540.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.31%

Contribution to Sub-Ch. 2302

Share of Sub-Chapter 2302 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #9496

Balance

−0.32

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.40% of Sub-Ch. 2302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.35% of Sub-Ch. 2302

FY 2019-20 Exp. Rank #8846

Balance

−18.35

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+300.00% YoY

0.67% of Sub-Ch. 2302

Imports

18.55 ₹ Cr

0.0006% share

+4,913.51% YoY

17.64% of Sub-Ch. 2302

FY 2020-21 Exp. Rank #5470

Balance

+7.28

Exports

7.28 ₹ Cr

0.0003% share

+3,540.00% YoY

1.91% of Sub-Ch. 2302

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2302

FY 2021-22 Exp. Rank #5163

Balance

+11.02

Exports

12.83 ₹ Cr

0.0004% share

+76.24% YoY

1.62% of Sub-Ch. 2302

Imports

1.81 ₹ Cr

0.0000% share

YoY

3.01% of Sub-Ch. 2302

FY 2022-23 Exp. Rank #3598

Balance

+45.97

Exports

45.97 ₹ Cr

0.0013% share

+258.30% YoY

2.77% of Sub-Ch. 2302

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2302

FY 2023-24 Exp. Rank #6692

Balance

+4.52

Exports

4.52 ₹ Cr

0.0001% share

−90.17% YoY

0.30% of Sub-Ch. 2302

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2302

FY 2024-25 Exp. Rank #7643

Balance

+1.63

Exports

1.91 ₹ Cr

0.0001% share

−57.74% YoY

0.31% of Sub-Ch. 2302

Imports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.21% of Sub-Ch. 2302

CAGR · 7-Year

Exports

83.52% /yr

Imports

−4.54% /yr

Consistently Surplus
Sub-Chapter 2302 total

reference, FY 2024-25

Export

₹626.00 Cr

Import

₹134.06 Cr

Trade Balance

+491.94

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 23021010 and GST compliance.

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).

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.