--- title: "HSN Code for Of Other Cereals | HSN 23024000 GST Rate" description: "Find HSN and GST Rates for 23024000 related to Of Other Cereals with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-23024000/" --- # HSN Code 23024000: Of Other Cereals - [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 other cereals | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 23024000 ? It includes Of Other Cereals ### How much GST applies to Of Other Cereals? Under HSN 23024000, Of Other Cereals attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Can we claim ITC on inputs used to trade Of Other Cereals? 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. ### How should mixed supplies be billed when Of Other Cereals is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Of Other Cereals; Nil for exempt items if applicable). ### Any common misclassification issue with Of Other Cereals? 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. ### Do e‑way bill and e‑invoice apply for Of Other Cereals? 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. ## India's trade performance: HSN Code 23024000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹4 Cr (−39.37% YoY) — 0.0001% of India's total exports - Imports: ₹67 Cr (−2.98% YoY) — 0.0011% of India's total imports - Trade balance: −₹63 Cr (Deficit); surplus rank #10427 of 12657 HSN codes - Share of Sub-Chapter 2302: 0.59% of its exports; import side 50.01% - Rank within Sub-Chapter 2302: #3 of 8 by export value; import-side #1 ### Key metrics - Export CAGR: 12.45% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6967 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,664.52% in FY 2020-21 - Contribution to Sub-Ch. 2302: 0.59% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 23024000 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 | 1.82 | 0.0001% | — | 14.46% | 87.27 | 0.0024% | — | 82.11% | −85.45 | #7052 | | FY 2019-20 | < ₹1 Crore | 0.0000% | −82.97% | 1.03% | 69.52 | 0.0021% | −20.34% | 66.11% | −69.21 | #8555 | | FY 2020-21 | 8.57 | 0.0004% | +2,664.52% | 2.25% | 25.66 | 0.0009% | −63.09% | 63.56% | −17.09 | #5289 | | FY 2021-22 | 8.94 | 0.0003% | +4.32% | 1.13% | 35.95 | 0.0008% | +40.10% | 59.71% | −27.01 | #5636 | | FY 2022-23 | 10.92 | 0.0003% | +22.15% | 0.66% | 82.05 | 0.0014% | +128.23% | 68.13% | −71.13 | #5518 | | FY 2023-24 | 6.07 | 0.0002% | −44.41% | 0.40% | 69.11 | 0.0012% | −15.77% | 49.93% | −63.04 | #6341 | | FY 2024-25 | 3.68 | 0.0001% | −39.37% | 0.59% | 67.05 | 0.0011% | −2.98% | 50.01% | −63.37 | #6967 | - CAGR (7-year): exports 12.45%/yr, imports -4.30%/yr (consistently Deficit) ## Key trade insights: HSN Code 23024000 export-import analysis ### Consistent export growth: 12.45% CAGR over 7 years India's exports under HSN Code 23024000 have grown at a compound annual rate of 12.45% over 7 fiscal years, rising from ₹1.82 Crore in FY 2018-19 to ₹3.68 Crore in FY 2024-25. ### HSN Code 23024000 ranked #6967 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 23024000 ranks #6967 out of 12657 HSN codes by total export value. Within Sub-Chapter 2302, it ranks #3 of 8. By trade surplus, it ranks #10427 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 23024000 exports The strongest single-year export movement for HSN Code 23024000 was recorded in FY 2020-21, when exports surged by 2,664.52% over the prior year. ### India records a trade deficit of ₹63.37 Crore in HSN Code 23024000 goods In FY 2024-25, India's imports of ₹67.05 Cr exceeded exports of ₹3.68 Cr, resulting in a trade deficit of ₹63.37 Crore — ranking #10427 of 12657 by surplus magnitude. ### Import growth of -4.30% CAGR signals stable import dependency for Of Other Cereals India's imports under HSN Code 23024000 have grown at -4.30% CAGR, reaching ₹67.05 Crore in FY 2024-25. ### HSN Code 23024000 contributes 0.59% of Sub-Chapter 2302 exports — ranked #3 Among the 8 HSN codes under Sub-Chapter 2302, HSN Code 23024000 ranks #3 by export value — accounting for 0.59% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 50.01% share (rank #1). ## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-23021010/) | ₹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/) | — |