--- title: "HSN Code for Soyabean Meal, Solvent Extracted, Defatted | HSN 23040030 GST Rate" description: "Find HSN and GST Rates for 23040030 related to Soyabean Meal, Solvent Extracted, Defatted with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-23040030/" --- # HSN Code 23040030: Soyabean Meal, Solvent Extracted, Defatted - [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 : 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) | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 23040030 ? It includes Soyabean Meal, Solvent Extracted, Defatted ### How much GST applies to Soyabean Meal, Solvent Extracted, Defatted? Under HSN 23040030, Soyabean Meal, Solvent Extracted, Defatted attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Any common misclassification issue with Soyabean Meal, Solvent Extracted, Defatted? 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. ### Does packaging or labelling change the GST for Soyabean Meal, Solvent Extracted, Defatted? 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 Soyabean Meal, Solvent Extracted, Defatted is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Soyabean Meal, Solvent Extracted, Defatted; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Soyabean Meal, Solvent Extracted, Defatted? 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 23040030 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹6,344 Cr (−9.22% YoY) — 0.1724% of India's total exports - Imports: ₹49 Cr (−67.41% YoY) — 0.0008% of India's total imports - Trade balance: ₹6,295 Cr (Surplus); surplus rank #52 of 12657 HSN codes - Share of Sub-Chapter 2304: 87.99% of its exports; import side 77.56% - Rank within Sub-Chapter 2304: #1 of 4 by export value; import-side #1 ### Key metrics - Export CAGR: 5.34% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #73 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +227.84% in FY 2020-21 - Contribution to Sub-Ch. 2304: 87.99% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 23040030 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 | 4,643.68 | 0.2032% | — | 59.73% | < ₹1 Crore | 0.0000% | — | 0.14% | +4,643.52 | #60 | | FY 2019-20 | 1,197.37 | 0.0544% | −74.22% | 35.73% | < ₹1 Crore | 0.0000% | +131.25% | 5.60% | +1,197.00 | #267 | | FY 2020-21 | 3,925.42 | 0.1825% | +227.84% | 47.00% | 62.79 | 0.0022% | +16,870.27% | 64.98% | +3,862.63 | #76 | | FY 2021-22 | 1,954.20 | 0.0623% | −50.22% | 47.39% | 2,766.06 | 0.0605% | +4,305.26% | 93.03% | −811.86 | #245 | | FY 2022-23 | 4,180.32 | 0.1155% | +113.91% | 60.09% | 833.51 | 0.0145% | −69.87% | 89.94% | +3,346.81 | #111 | | FY 2023-24 | 6,988.10 | 0.1931% | +67.17% | 81.38% | 151.00 | 0.0027% | −81.88% | 87.99% | +6,837.10 | #65 | | FY 2024-25 | 6,343.84 | 0.1724% | −9.22% | 87.99% | 49.21 | 0.0008% | −67.41% | 77.56% | +6,294.63 | #73 | - CAGR (7-year): exports 5.34%/yr, imports 159.81%/yr (consistently Surplus) ## Key trade insights: HSN Code 23040030 export-import analysis ### Consistent export growth: 5.34% CAGR over 7 years India's exports under HSN Code 23040030 have grown at a compound annual rate of 5.34% over 7 fiscal years, rising from ₹4,643.68 Crore in FY 2018-19 to ₹6,343.84 Crore in FY 2024-25. ### HSN Code 23040030 ranked #73 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 23040030 ranks #73 out of 12657 HSN codes by total export value. Within Sub-Chapter 2304, it ranks #1 of 4. By trade surplus, it ranks #52 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 23040030 exports The strongest single-year export movement for HSN Code 23040030 was recorded in FY 2020-21, when exports surged by 227.84% over the prior year. ### India maintains a trade surplus of ₹6,294.63 Crore in HSN Code 23040030 goods In FY 2024-25, India's exports of ₹6,343.84 Cr exceeded imports of ₹49.21 Cr, resulting in a trade surplus of ₹6,294.63 Crore — ranking #52 of 12657 by surplus magnitude. ### Import growth of 159.81% CAGR signals rising demand for Soyabean Meal, Solvent Extracted, Defatted India's imports under HSN Code 23040030 have grown at 159.81% CAGR, reaching ₹49.21 Crore in FY 2024-25. ### HSN Code 23040030 contributes 87.99% of Sub-Chapter 2304 exports — ranked #1 Among the 4 HSN codes under Sub-Chapter 2304, HSN Code 23040030 ranks #1 by export value — accounting for 87.99% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 77.56% share (rank #1). ## 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 (this hsn code) | ₹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)](https://busy.in/hsn/hsn-23040010/) | ₹317 Cr | | #4 | [HSN Code 23040020: Oil-Cake Of Soyabean, Solvent Extracted](https://busy.in/hsn/hsn-23040020/) | ₹23 Cr |