HSN Code 23040090: Oilcake From Soybean Extraction

HSN Code 23040090 represents Oilcake From Soybean Extraction under GST classification. This code helps businesses identify Oilcake From Soybean Extraction correctly for billing, taxation, and trade. With HSN Code 23040090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Oilcake From Soybean Extraction.

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Description of Goods for Oilcake From Soybean Extraction

HSN Code 23040090 relates to the following description:

Chapter Number Chapter Name Sub Chapter Number Sub Chapter Name Description of Goods CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
23 Residues and waste from the food industries; prepared animal fodder 2304 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 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) 2.5% 2.5% 5% 0%

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 : 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)

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 23040090 not include?

Oilcake From Soybean Extraction does not include products with the following descriptions:

HSN Code Description
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)
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)
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)

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)

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)

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)

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FAQs for HSN Code 23040090

What products are classified under HSN 23040090 ?

It includes Oilcake From Soybean Extraction

How much GST applies to Oilcake From Soybean Extraction?

Under HSN 23040090, Oilcake From Soybean Extraction attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

Any common misclassification issue with Oilcake From Soybean Extraction?

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 Oilcake From Soybean Extraction?

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 Oilcake From Soybean Extraction is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Oilcake From Soybean Extraction; Nil for exempt items if applicable).

Do e‑way bill and e‑invoice apply for Oilcake From Soybean Extraction?

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 Oilcake From Soybean Extraction?

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.

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