--- title: "HSN Code for Sodium Naphthionate (Aromatic Monoamine) | HSN 23040010 GST Rate" description: "Find HSN and GST Rates for 23040010 related to Sodium Naphthionate (Aromatic Monoamine) with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-23040010/" --- # HSN Code 23040010: Sodium Naphthionate (Aromatic Monoamine) - [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 2304: Soybean oilcake](https://busy.in/hsn/sub-chapter-2304/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | 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) | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### 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. ## India's trade performance: HSN Code 23040010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹317 Cr (−0.20% YoY) — 0.0086% of India's total exports - Imports: ₹3 Cr (−79.04% YoY) — 0.0001% of India's total imports - Trade balance: ₹313 Cr (Surplus); surplus rank #885 of 12657 HSN codes - Share of Sub-Chapter 2304: 4.39% of its exports; import side 5.48% - Rank within Sub-Chapter 2304: #3 of 4 by export value; import-side #3 ### Key metrics - Export CAGR: -24.00% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1383 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +81.99% in FY 2020-21 - Contribution to Sub-Ch. 2304: 4.39% of its exports (FY 2024-25) ## India export-import trade statistics: 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 | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2304 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2304 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 1,642.93 | 0.0719% | — | 21.13% | 112.43 | 0.0031% | — | 97.79% | +1,530.50 | #193 | | FY 2019-20 | 1,677.37 | 0.0762% | +2.10% | 50.05% | 3.74 | 0.0001% | −96.67% | 56.58% | +1,673.63 | #194 | | FY 2020-21 | 3,052.66 | 0.1419% | +81.99% | 36.55% | 26.74 | 0.0009% | +614.97% | 27.67% | +3,025.92 | #106 | | FY 2021-22 | 1,500.64 | 0.0478% | −50.84% | 36.39% | 173.12 | 0.0038% | +547.42% | 5.82% | +1,327.52 | #325 | | FY 2022-23 | 1,272.71 | 0.0352% | −15.19% | 18.29% | 88.89 | 0.0015% | −48.65% | 9.59% | +1,183.82 | #396 | | FY 2023-24 | 317.30 | 0.0088% | −75.07% | 3.70% | 16.60 | 0.0003% | −81.33% | 9.67% | +300.70 | #1341 | | FY 2024-25 | 316.66 | 0.0086% | −0.20% | 4.39% | 3.48 | 0.0001% | −79.04% | 5.48% | +313.18 | #1383 | - CAGR (7-year): exports -24.00%/yr, imports -43.97%/yr (consistently Surplus) ## 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). ## Related HSN Codes in Sub-Chapter 2304 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 23040030: Soyabean Meal, Solvent Extracted, Defatted](https://busy.in/hsn/hsn-23040030/) | ₹6,344 Cr | | #2 | [HSN Code 23040090: Oilcake From Soybean Extraction](https://busy.in/hsn/hsn-23040090/) | ₹527 Cr | | #3 | HSN Code 23040010: Sodium Naphthionate (Aromatic Monoamine) (this hsn code) | ₹317 Cr | | #4 | [HSN Code 23040020: Oil-Cake Of Soyabean, Solvent Extracted](https://busy.in/hsn/hsn-23040020/) | ₹23 Cr |