---
title: "HSN Code for Isolated Soya Protein | HSN 35040099 GST Rate"
description: "Find HSN and GST Rates for 35040099 related to Isolated Soya Protein with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-35040099/"
---

# HSN Code 35040099: Isolated Soya Protein

- [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/)
- [Chapter 35: Albuminoidal Substances, Modified Starches, Glues, Enzymes](https://busy.in/hsn/chapter-35/)
- [Sub-chapter 3504: Peptones & Protein Derivatives](https://busy.in/hsn/sub-chapter-3504/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Peptones and their derivatives; other protein substances and their derivatives, not elsewhere specified or included; hide powder, whether or not chromed : Other : Other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 35040099 ?

It includes Isolated Soya Protein

### Any common misclassification issue with Isolated Soya Protein?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

### How much GST applies to Isolated Soya Protein?

Under HSN 35040099, Isolated Soya Protein attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Do e‑way bill and e‑invoice apply for Isolated Soya Protein?

e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.

### Can we claim ITC on inputs used to trade Isolated Soya Protein?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

### How should mixed supplies be billed when Isolated Soya Protein is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Isolated Soya Protein; Nil for exempt items if applicable).

## India's trade performance: HSN Code 35040099 (FY 2024-25)

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

- Exports: ₹122 Cr (+46.11% YoY) — 0.0033% of India's total exports
- Imports: ₹179 Cr (+61.67% YoY) — 0.0029% of India's total imports
- Trade balance: −₹57 Cr (Deficit); surplus rank #10341 of 12657 HSN codes
- Share of Sub-Chapter 3504: 36.57% of its exports; import side 28.95%
- Rank within Sub-Chapter 3504: #2 of 3 by export value; import-side #2

### Key metrics

- Export CAGR: 15.12% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #2419 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +46.11% in FY 2024-25
- Contribution to Sub-Ch. 3504: 36.57% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 35040099

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. 3504 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 3504 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 52.24 | 0.0023% | — | 65.16% | 49.88 | 0.0014% | — | 19.08% | +2.36 | #2788 |
| FY 2019-20 | 44.25 | 0.0020% | −15.29% | 57.58% | 45.99 | 0.0014% | −7.80% | 19.24% | −1.74 | #3063 |
| FY 2020-21 | 53.96 | 0.0025% | +21.94% | 44.88% | 60.02 | 0.0021% | +30.51% | 19.93% | −6.06 | #2823 |
| FY 2021-22 | 63.61 | 0.0020% | +17.88% | 38.35% | 92.47 | 0.0020% | +54.07% | 18.60% | −28.86 | #3025 |
| FY 2022-23 | 87.64 | 0.0024% | +37.78% | 52.33% | 125.39 | 0.0022% | +35.60% | 20.44% | −37.75 | #2726 |
| FY 2023-24 | 83.24 | 0.0023% | −5.02% | 35.81% | 110.52 | 0.0020% | −11.86% | 20.12% | −27.28 | #2824 |
| FY 2024-25 | 121.62 | 0.0033% | +46.11% | 36.57% | 178.68 | 0.0029% | +61.67% | 28.95% | −57.06 | #2419 |

- CAGR (7-year): exports 15.12%/yr, imports 23.70%/yr (consistently Deficit)

## Key trade insights: HSN Code 35040099 export-import analysis

### Consistent export growth: 15.12% CAGR over 7 years

India's exports under HSN Code 35040099 have grown at a compound annual rate of 15.12% over 7 fiscal years, rising from ₹52.24 Crore in FY 2018-19 to ₹121.62 Crore in FY 2024-25.

### HSN Code 35040099 ranked #2419 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 35040099 ranks #2419 out of 12657 HSN codes by total export value. Within Sub-Chapter 3504, it ranks #2 of 3. By trade surplus, it ranks #10341 of 12657.

### FY 2024-25 was the strongest growth year for HSN Code 35040099 exports

The strongest single-year export movement for HSN Code 35040099 was recorded in FY 2024-25, when exports surged by 46.11% over the prior year.

### India records a trade deficit of ₹57.06 Crore in HSN Code 35040099 goods

In FY 2024-25, India's imports of ₹178.68 Cr exceeded exports of ₹121.62 Cr, resulting in a trade deficit of ₹57.06 Crore — ranking #10341 of 12657 by surplus magnitude.

### Import growth of 23.70% CAGR signals rising demand for Isolated Soya Protein

India's imports under HSN Code 35040099 have grown at 23.70% CAGR, reaching ₹178.68 Crore in FY 2024-25.

### HSN Code 35040099 contributes 36.57% of Sub-Chapter 3504 exports — ranked #2

Among the 3 HSN codes under Sub-Chapter 3504, HSN Code 35040099 ranks #2 by export value — accounting for 36.57% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 28.95% share (rank #2).

## Related HSN Codes in Sub-Chapter 3504

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 35040010: Other Protein Substances](https://busy.in/hsn/hsn-35040010/) | ₹193 Cr |
| #2 | HSN Code 35040099: Isolated Soya Protein (this hsn code) | ₹122 Cr |
| #3 | [HSN Code 35040091: Penicillin & Salts (e.g., Procaine Penicillin)](https://busy.in/hsn/hsn-35040091/) | ₹17 Cr |