--- title: "HSN Code for Tobacco extracts and essence | HSN 24039960 GST Rate" description: "Find HSN and GST Rates for 24039960 related to Tobacco extracts and essence with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-24039960/" --- # HSN Code 24039960: Tobacco extracts and essence - [Section 04: Guide to HSN Section 04](https://busy.in/hsn/section-04/) - [Chapter 24: Tobacco and Manufactured Tobacco Substitutes](https://busy.in/hsn/chapter-24/) - [Sub-chapter 2403: Manufactured Tobacco](https://busy.in/hsn/sub-chapter-2403/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other : Other : Tobacco extracts and essence (Bearing a | 14% | 14% | 28% | 72% (If bearing a brand name)/ 65% (If not bearing a brand name) | ## Frequently asked questions ### What products are classified under HSN 24039960 ? It includes Tobacco extracts and essence ### How should mixed supplies be billed when Tobacco extracts and essence is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Tobacco extracts and essence; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Tobacco extracts and essence? 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 Tobacco extracts and essence? Under HSN 24039960, Tobacco extracts and essence attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Any common misclassification issue with Tobacco extracts and essence? 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. ### Can we claim ITC on inputs used to trade Tobacco extracts and essence? 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 24039960 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹16 Cr (+8,075.00% YoY) — 0.0004% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹16 Cr (Surplus); surplus rank #2969 of 12657 HSN codes - Share of Sub-Chapter 2403: 0.52% of its exports; import side 0.00% - Rank within Sub-Chapter 2403: #7 of 15 by export value ### Key metrics - Export CAGR: 69.07% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5138 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +8,075.00% in FY 2024-25 - Contribution to Sub-Ch. 2403: 0.52% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 24039960 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. 2403 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2403 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.03% | Nil | 0.0000% | — | 0.00% | +0.70 | #7913 | | FY 2019-20 | 23.07 | 0.0010% | +3,195.71% | 1.15% | Nil | 0.0000% | — | 0.00% | +23.07 | #3923 | | FY 2020-21 | 6.94 | 0.0003% | −69.92% | 0.34% | Nil | 0.0000% | — | 0.00% | +6.94 | #5532 | | FY 2021-22 | < ₹1 Crore | 0.0000% | −94.67% | 0.02% | Nil | 0.0000% | — | 0.00% | +0.37 | #8788 | | FY 2022-23 | < ₹1 Crore | 0.0000% | +159.46% | 0.04% | Nil | 0.0000% | — | 0.00% | +0.96 | #8129 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −79.17% | 0.01% | Nil | 0.0000% | — | 0.00% | +0.20 | #9440 | | FY 2024-25 | 16.35 | 0.0004% | +8,075.00% | 0.52% | Nil | 0.0000% | — | 0.00% | +16.35 | #5138 | - CAGR (7-year): exports 69.07%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 24039960 export-import analysis ### Consistent export growth: 69.07% CAGR over 7 years India's exports under HSN Code 24039960 have grown at a compound annual rate of 69.07% over 7 fiscal years, rising from ₹0.70 Crore in FY 2018-19 to ₹16.35 Crore in FY 2024-25. ### HSN Code 24039960 ranked #5138 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 24039960 ranks #5138 out of 12657 HSN codes by total export value. Within Sub-Chapter 2403, it ranks #7 of 15. By trade surplus, it ranks #2969 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 24039960 exports The strongest single-year export movement for HSN Code 24039960 was recorded in FY 2024-25, when exports surged by 8,075.00% over the prior year. ### India maintains a trade surplus of ₹16.35 Crore in HSN Code 24039960 goods In FY 2024-25, India's exports of ₹16.35 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹16.35 Crore — ranking #2969 of 12657 by surplus magnitude. ### HSN Code 24039960 contributes 0.52% of Sub-Chapter 2403 exports — ranked #7 Among the 15 HSN codes under Sub-Chapter 2403, HSN Code 24039960 ranks #7 by export value — accounting for 0.52% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 2403 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 24039990: Pan masala containing tobacco (‘Gutkha’)](https://busy.in/hsn/hsn-24039990/) | ₹1,477 Cr | | #2 | [HSN Code 24039910: Chewing tobacco, no lime tube](https://busy.in/hsn/hsn-24039910/) | ₹1,067 Cr | | #3 | [HSN Code 24031110: Other Biris (Non-Paper Rolled, Non-Machine)](https://busy.in/hsn/hsn-24031110/) | ₹239 Cr | | #4 | [HSN Code 24039930: Other \| Other \| Jarda Scented Tobacco](https://busy.in/hsn/hsn-24039930/) | ₹147 Cr | | #5 | [HSN Code 24039970: Other \| Other \| Cut-Tobacco](https://busy.in/hsn/hsn-24039970/) | ₹119 Cr | | #6 | [HSN Code 24031921: Smoked Tilapia/Catfish/Eel/Snakehead (excl. pre-packaged)](https://busy.in/hsn/hsn-24031921/) | ₹38 Cr | | #7 | HSN Code 24039960: Tobacco extracts and essence (this hsn code) | ₹16 Cr | | #8 | [HSN Code 24031929: Tobacco Refuse and Waste](https://busy.in/hsn/hsn-24031929/) | ₹13 Cr | | #9 | [HSN Code 24039100: Other : “Homogenised” or “reconstituted” tobacco](https://busy.in/hsn/hsn-24039100/) | ₹13 Cr | | #10 | [HSN Code 24039940: Other \| Other \| Snuff](https://busy.in/hsn/hsn-24039940/) | ₹3 Cr |