HSN Code 23050020: Oil-Cake, Ground-Nut Solvent Extracted

HSN Code 23050020 represents Oil-Cake, Ground-Nut Solvent Extracted under GST classification. This code helps businesses identify Oil-Cake, Ground-Nut Solvent Extracted correctly for billing, taxation, and trade. With HSN Code 23050020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Oil-Cake, Ground-Nut Solvent Extracted.

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Description of Goods for HSN Code 23050020

HSN Code 23050020 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 ground-nut oil : Oil-cake and oil-cake meal of ground-nut solvent extracted variety (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)

Chapter

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

Sub Chapter

2305 - Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of ground-nut oil

CGST

2.5%

SGST

2.5%

IGST

5%

CESS

0%

What does HSN Code 23050020 not include?

Oil-Cake, Ground-Nut Solvent Extracted does not include products with the following descriptions.

HSN Code 23050010

Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of ground-nut oil : Oil-cake and oil-cake meal of ground-nut 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)

HSN Code 23050090

Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of ground-nut 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 23050020 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

₹70 Cr

−10.32% vs FY 2023-24

0.0019% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹70 Cr

Trade Surplus

Surplus rank #1896 of 12657 HSN codes

% of Sub-Chapter 2305

FY 2024-25

96.65%

Share of Sub-Chapter 2305’s total exports in FY 2024-25

Import side: 100.00% of Sub-Chapter 2305’s imports

Rank Within Sub-Chapter 2305

FY 2024-25

#1 of 3

Position by export value among HSN codes in Sub-Chapter 2305

Import-side rank: #1 of 3

At a glance

14.10%

Export CAGR

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

#3155

National Export Rank

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

+651.32%

Peak Growth Year

FY 2020-21 · strongest single-year move

96.65%

Contribution to Sub-Ch. 2305

Share of Sub-Chapter 2305 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 23050020

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 #3509

Balance

+31.28

Exports

31.66 ₹ Cr

0.0014% share

— YoY

94.96% of Sub-Ch. 2305

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 2305

FY 2019-20 Exp. Rank #4691

Balance

+12.59

Exports

12.84 ₹ Cr

0.0006% share

−59.44% YoY

96.47% of Sub-Ch. 2305

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−34.21% YoY

100.00% of Sub-Ch. 2305

FY 2020-21 Exp. Rank #2108

Balance

+96.47

Exports

96.47 ₹ Cr

0.0045% share

+651.32% YoY

97.37% of Sub-Ch. 2305

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

— of Sub-Ch. 2305

FY 2021-22 Exp. Rank #4789

Balance

+17.13

Exports

17.13 ₹ Cr

0.0005% share

−82.24% YoY

78.18% of Sub-Ch. 2305

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2305

FY 2022-23 Exp. Rank #2643

Balance

+92.02

Exports

92.02 ₹ Cr

0.0025% share

+437.19% YoY

95.96% of Sub-Ch. 2305

Imports

Nil ₹ Cr

0.0000% share

— YoY

— of Sub-Ch. 2305

FY 2023-24 Exp. Rank #2909

Balance

+77.89

Exports

77.89 ₹ Cr

0.0022% share

−15.36% YoY

92.19% of Sub-Ch. 2305

Imports

Nil ₹ Cr

0.0000% share

— YoY

— of Sub-Ch. 2305

FY 2024-25 Exp. Rank #3155

Balance

+69.76

Exports

69.85 ₹ Cr

0.0019% share

−10.32% YoY

96.65% of Sub-Ch. 2305

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

100.00% of Sub-Ch. 2305

CAGR · 7-Year

Exports

14.10% /yr

Imports

−21.34% /yr

Consistently Surplus
Sub-Chapter 2305 total

reference, FY 2024-25

Export

₹72.27 Cr

Import

₹0.09 Cr

Trade Balance

+72.18

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

Key Trade Insights: HSN Code 23050020 Export-Import Analysis

Consistent Export Growth: 14.10% CAGR Over 7 Years

India's exports under HSN Code 23050020 have grown at a compound annual rate of 14.10% over 7 fiscal years, rising from ₹31.66 Crore in FY 2018-19 to ₹69.85 Crore in FY 2024-25.

HSN Code 23050020 Ranked #3155 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 23050020 ranks #3155 out of 12657 HSN codes by total export value. Within Sub-Chapter 2305, it ranks #1 of 3. By trade surplus, it ranks #1896 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 23050020 Exports

The strongest single-year export movement for HSN Code 23050020 was recorded in FY 2020-21, when exports surged by 651.32% over the prior year.

India Maintains a Trade Surplus of ₹69.76 Crore in HSN Code 23050020 Goods

In FY 2024-25, India's exports of ₹69.85 Cr exceeded imports of ₹0.09 Cr, resulting in a trade surplus of ₹69.76 Crore — ranking #1896 of 12657 by surplus magnitude.

Import Growth of −21.34% CAGR Signals Stable Import Dependency for Oil-Cake, Ground-Nut Solvent Extracted

India's imports under HSN Code 23050020 have grown at −21.34% CAGR, reaching ₹0.09 Crore in FY 2024-25.

HSN Code 23050020 Contributes 96.65% of Sub-Chapter 2305 Exports — Ranked #1

Among the 3 HSN codes under Sub-Chapter 2305, HSN Code 23050020 ranks #1 by export value — accounting for 96.65% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 100.00% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 23050020 and GST compliance.

What products are classified under HSN 23050020 ?

It includes Oil-Cake, Ground-Nut Solvent Extracted

Does packaging or labelling change the GST for Oil-Cake, Ground-Nut Solvent Extracted?

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 Oil-Cake, Ground-Nut Solvent Extracted?

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.

Any common misclassification issue with Oil-Cake, Ground-Nut Solvent Extracted?

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 should mixed supplies be billed when Oil-Cake, Ground-Nut Solvent Extracted is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Oil-Cake, Ground-Nut Solvent Extracted; Nil for exempt items if applicable).

How much GST applies to Oil-Cake, Ground-Nut Solvent Extracted?

Under HSN 23050020, Oil-Cake, Ground-Nut Solvent Extracted attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

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.