---
title: "HSN Code for Oil-Cake Meal From Cotton Seeds | HSN 23061040 GST Rate"
description: "Find HSN and GST Rates for 23061040 related to Oil-Cake Meal From Cotton Seeds with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-23061040/"
---

# HSN Code 23061040: Oil-Cake Meal From Cotton Seeds

- [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 2306: Oil-cake from vegetable fats or oils](https://busy.in/hsn/sub-chapter-2306/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Of cotton seeds : Oil-cake and oil-cake meal, undecorticated, 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) | 0% | 0% | 0% | 0% |

## Frequently asked questions

### What products are classified under HSN 23061040 ?

It includes Oil-Cake Meal From Cotton Seeds

### How should mixed supplies be billed when Oil-Cake Meal From Cotton Seeds is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Oil-Cake Meal From Cotton Seeds; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Oil-Cake Meal From Cotton Seeds?

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 much GST applies to Oil-Cake Meal From Cotton Seeds?

Under HSN 23061040, Oil-Cake Meal From Cotton Seeds attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice.

### Any common misclassification issue with Oil-Cake Meal From Cotton Seeds?

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.

### Do e‑way bill and e‑invoice apply for Oil-Cake Meal From Cotton Seeds?

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 Oil-Cake Meal From Cotton Seeds?

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 23061040 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: < ₹1 Crore (−44.23% YoY) — 0.0000% of India's total exports
- Imports: ₹4 Cr — 0.0001% of India's total imports
- Trade balance: −₹4 Cr (Deficit); surplus rank #8512 of 12657 HSN codes
- Share of Sub-Chapter 2306: 0.01% of its exports; import side 0.57%
- Rank within Sub-Chapter 2306: #16 of 38 by export value; import-side #11

### Key metrics

- Export CAGR: -46.73% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #9215 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +28.75% in FY 2022-23
- Contribution to Sub-Ch. 2306: 0.01% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 23061040

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. 2306 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2306 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 12.69 | 0.0006% | — | 0.46% | Nil | 0.0000% | — | 0.00% | +12.69 | #4713 |
| FY 2019-20 | 4.22 | 0.0002% | −66.75% | 0.17% | < ₹1 Crore | 0.0000% | — | 0.01% | +4.10 | #6061 |
| FY 2020-21 | 1.86 | 0.0001% | −55.92% | 0.06% | < ₹1 Crore | 0.0000% | +550.00% | 0.08% | +1.08 | #7058 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | −56.99% | 0.02% | Nil | 0.0000% | −100.00% | 0.00% | +0.80 | #8183 |
| FY 2022-23 | 1.03 | 0.0000% | +28.75% | 0.02% | Nil | 0.0000% | — | 0.00% | +1.03 | #8079 |
| FY 2023-24 | < ₹1 Crore | 0.0000% | −49.51% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.52 | #8769 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | −44.23% | 0.01% | 4.41 | 0.0001% | — | 0.57% | −4.12 | #9215 |

- CAGR (7-year): exports -46.73%/yr, imports —/yr (consistently Deficit)

## Key trade insights: HSN Code 23061040 export-import analysis

### Export decline: -46.73% CAGR over 7 years

India's exports under HSN Code 23061040 have declined at a compound annual rate of -46.73% over 7 fiscal years, falling from ₹12.69 Crore in FY 2018-19 to ₹0.29 Crore in FY 2024-25.

### HSN Code 23061040 ranked #9215 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 23061040 ranks #9215 out of 12657 HSN codes by total export value. Within Sub-Chapter 2306, it ranks #16 of 38. By trade surplus, it ranks #8512 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 23061040 exports

The strongest single-year export movement for HSN Code 23061040 was recorded in FY 2022-23, when exports surged by 28.75% over the prior year.

### India records a trade deficit of ₹4.12 Crore in HSN Code 23061040 goods

In FY 2024-25, India's imports of ₹4.41 Cr exceeded exports of ₹0.29 Cr, resulting in a trade deficit of ₹4.12 Crore — ranking #8512 of 12657 by surplus magnitude.

### HSN Code 23061040 contributes 0.01% of Sub-Chapter 2306 exports — ranked #16

Among the 38 HSN codes under Sub-Chapter 2306, HSN Code 23061040 ranks #16 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.57% share (rank #11).

## Related HSN Codes in Sub-Chapter 2306

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 23064900: Other Rapeseed Meal](https://busy.in/hsn/hsn-23064900/) | ₹3,440 Cr |
| #2 | [HSN Code 23069027: Oil-Cake Meal From Castor Seeds](https://busy.in/hsn/hsn-23069027/) | ₹249 Cr |
| #3 | [HSN Code 23069012: Mustard Seed Oil-Cake Meal](https://busy.in/hsn/hsn-23069012/) | ₹221 Cr |
| #4 | [HSN Code 23064100: Low Erucic Acid Rapeseed Residues](https://busy.in/hsn/hsn-23064100/) | ₹59 Cr |
| #5 | [HSN Code 23069021: Oil-Cake Meal From Mustard Seeds](https://busy.in/hsn/hsn-23069021/) | ₹46 Cr |
| #6 | [HSN Code 23061090: Other Cottonseed Residues (Animal Feed)](https://busy.in/hsn/hsn-23061090/) | ₹36 Cr |
| #7 | [HSN Code 23069090: Other Oilseed Meal (Animal Feed)](https://busy.in/hsn/hsn-23069090/) | ₹28 Cr |
| #8 | [HSN Code 23069018: Neem Seed Oil-Cake](https://busy.in/hsn/hsn-23069018/) | ₹13 Cr |
| #9 | [HSN Code 23061020: Oil-Cake Meal From Cotton Seeds](https://busy.in/hsn/hsn-23061020/) | ₹7 Cr |
| #10 | [HSN Code 23065090: Other Coconut/Copra Residues (Animal Feed)](https://busy.in/hsn/hsn-23065090/) | ₹1 Cr |
| #16 | HSN Code 23061040: Oil-Cake Meal From Cotton Seeds (this hsn code) | < ₹1 Crore |