HSN Code 23040010: Sodium Naphthionate (Aromatic Monoamine)

HSN Code 23040010 represents Sodium Naphthionate (Aromatic Monoamine) under GST classification. This code helps businesses identify Sodium Naphthionate (Aromatic Monoamine) correctly for billing, taxation, and trade. With HSN Code 23040010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Sodium Naphthionate (Aromatic Monoamine).

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 23040010

HSN Code 23040010 relates to the following description.

Description of Goods

Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Oil-cake and oil-cake meal of soyabean, expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)

Chapter

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

Sub Chapter

2304 - Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 23040010 not include?

Sodium Naphthionate (Aromatic Monoamine) does not include products with the following descriptions.

HSN Code 23040020

Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Oil-cake of soyabean, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)

HSN Code 23040030

Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Meal of soyabean, solvent extracted (defatted) (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)

HSN Code 23040090

Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)

India’s Trade Performance — HSN Code 23040010 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

₹317 Cr

−0.20% vs FY 2023-24

0.0086% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

−79.04% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹313 Cr

Trade Surplus

Surplus rank #885 of 12657 HSN codes

% of Sub-Chapter 2304

FY 2024-25

4.39%

Share of Sub-Chapter 2304’s total exports in FY 2024-25

Import side: 5.48% of Sub-Chapter 2304’s imports

Rank Within Sub-Chapter 2304

FY 2024-25

#3 of 4

Position by export value among HSN codes in Sub-Chapter 2304

Import-side rank: #3 of 4

At a glance

−24.00%

Export CAGR

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

#1383

National Export Rank

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

+81.99%

Peak Growth Year

FY 2020-21 · strongest single-year move

4.39%

Contribution to Sub-Ch. 2304

Share of Sub-Chapter 2304 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 23040010

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 #193

Balance

+1,530.50

Exports

1,642.93 ₹ Cr

0.0719% share

— YoY

21.13% of Sub-Ch. 2304

Imports

112.43 ₹ Cr

0.0031% share

— YoY

97.79% of Sub-Ch. 2304

FY 2019-20 Exp. Rank #194

Balance

+1,673.63

Exports

1,677.37 ₹ Cr

0.0762% share

+2.10% YoY

50.05% of Sub-Ch. 2304

Imports

3.74 ₹ Cr

0.0001% share

−96.67% YoY

56.58% of Sub-Ch. 2304

FY 2020-21 Exp. Rank #106

Balance

+3,025.92

Exports

3,052.66 ₹ Cr

0.1419% share

+81.99% YoY

36.55% of Sub-Ch. 2304

Imports

26.74 ₹ Cr

0.0009% share

+614.97% YoY

27.67% of Sub-Ch. 2304

FY 2021-22 Exp. Rank #325

Balance

+1,327.52

Exports

1,500.64 ₹ Cr

0.0478% share

−50.84% YoY

36.39% of Sub-Ch. 2304

Imports

173.12 ₹ Cr

0.0038% share

+547.42% YoY

5.82% of Sub-Ch. 2304

FY 2022-23 Exp. Rank #396

Balance

+1,183.82

Exports

1,272.71 ₹ Cr

0.0352% share

−15.19% YoY

18.29% of Sub-Ch. 2304

Imports

88.89 ₹ Cr

0.0015% share

−48.65% YoY

9.59% of Sub-Ch. 2304

FY 2023-24 Exp. Rank #1341

Balance

+300.70

Exports

317.30 ₹ Cr

0.0088% share

−75.07% YoY

3.70% of Sub-Ch. 2304

Imports

16.60 ₹ Cr

0.0003% share

−81.33% YoY

9.67% of Sub-Ch. 2304

FY 2024-25 Exp. Rank #1383

Balance

+313.18

Exports

316.66 ₹ Cr

0.0086% share

−0.20% YoY

4.39% of Sub-Ch. 2304

Imports

3.48 ₹ Cr

0.0001% share

−79.04% YoY

5.48% of Sub-Ch. 2304

CAGR · 7-Year

Exports

−24.00% /yr

Imports

−43.97% /yr

Consistently Surplus
Sub-Chapter 2304 total

reference, FY 2024-25

Export

₹7,210.00 Cr

Import

₹63.45 Cr

Trade Balance

+7,146.55

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

Key Trade Insights: HSN Code 23040010 Export-Import Analysis

Export Decline: −24.00% CAGR Over 7 Years

India's exports under HSN Code 23040010 have declined at a compound annual rate of −24.00% over 7 fiscal years, falling from ₹1,642.93 Crore in FY 2018-19 to ₹316.66 Crore in FY 2024-25.

HSN Code 23040010 Ranked #1383 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 23040010 ranks #1383 out of 12657 HSN codes by total export value. Within Sub-Chapter 2304, it ranks #3 of 4. By trade surplus, it ranks #885 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 23040010 Exports

The strongest single-year export movement for HSN Code 23040010 was recorded in FY 2020-21, when exports surged by 81.99% over the prior year.

India Maintains a Trade Surplus of ₹313.18 Crore in HSN Code 23040010 Goods

In FY 2024-25, India's exports of ₹316.66 Cr exceeded imports of ₹3.48 Cr, resulting in a trade surplus of ₹313.18 Crore — ranking #885 of 12657 by surplus magnitude.

Import Growth of −43.97% CAGR Signals Stable Import Dependency for Sodium Naphthionate (Aromatic Monoamine)

India's imports under HSN Code 23040010 have grown at −43.97% CAGR, reaching ₹3.48 Crore in FY 2024-25.

HSN Code 23040010 Contributes 4.39% of Sub-Chapter 2304 Exports — Ranked #3

Among the 4 HSN codes under Sub-Chapter 2304, HSN Code 23040010 ranks #3 by export value — accounting for 4.39% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.48% share (rank #3).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 23040010 and GST compliance.

What products are classified under HSN 23040010 ?

It includes Sodium Naphthionate (Aromatic Monoamine)

Any common misclassification issue with Sodium Naphthionate (Aromatic Monoamine)?

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 Sodium Naphthionate (Aromatic Monoamine)?

Under HSN 23040010, Sodium Naphthionate (Aromatic Monoamine) attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

Does packaging or labelling change the GST for Sodium Naphthionate (Aromatic Monoamine)?

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.

Do e‑way bill and e‑invoice apply for Sodium Naphthionate (Aromatic Monoamine)?

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 Sodium Naphthionate (Aromatic Monoamine)?

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.

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.