---
title: "HSN Code for Components/raw materials for unit setup | HSN 98010020 GST Rate"
description: "Find HSN and GST Rates for 98010020 related to Components/raw materials for unit setup with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-98010020/"
---

# HSN Code 98010020: Components/raw materials for unit setup

- [Section 21: Guide to HSN Section 21](https://busy.in/hsn/section-21/)
- [Chapter 98: Project Imports & Laboratory Chemicals](https://busy.in/hsn/chapter-98/)
- [Sub-chapter 9801: All machinery items](https://busy.in/hsn/sub-chapter-9801/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Components (whether or not finished or not) or raw materials for the manufacture of aforesaid items required for the initial setting up of a unit or the substantial expansion of a unit | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 98010020 ?

It includes Heterocyclic compounds with oxygen hetero-atom (s) only – other : other

### Any common misclassification issue with Components/raw materials for unit setup?

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

### Does packaging or labelling change the GST for Components/raw materials for unit setup?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

### How should mixed supplies be billed when Components/raw materials for unit setup is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Components/raw materials for unit setup; Nil for exempt items if applicable).

### Can we claim ITC on inputs used to trade Components/raw materials for unit setup?

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

### How much GST applies to Components/raw materials for unit setup?

Under HSN 98010020, Components/raw materials for unit setup attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 98010020 (FY 2024-25)

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

- Exports: < ₹1 Crore (−20.39% YoY) — 0.0000% of India's total exports
- Imports: ₹2 Cr (−48.33% YoY) — 0.0000% of India's total imports
- Trade balance: −₹2 Cr (Deficit); surplus rank #8109 of 12657 HSN codes
- Share of Sub-Chapter 9801: 3.04% of its exports; import side 0.03%
- Rank within Sub-Chapter 9801: #4 of 8 by export value; import-side #8

### Key metrics

- Export CAGR: 5.34% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8412 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +850.00% in FY 2021-22
- Contribution to Sub-Ch. 9801: 3.04% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 98010020

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. 9801 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 9801 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | < ₹1 Crore | 0.0000% | — | 0.53% | 1,129.85 | 0.0315% | — | 6.80% | −1,129.25 | #8049 |
| FY 2019-20 | 1.03 | 0.0000% | +71.67% | 0.47% | 729.40 | 0.0218% | −35.44% | 5.08% | −728.37 | #7594 |
| FY 2020-21 | < ₹1 Crore | 0.0000% | −98.06% | 0.12% | 33.21 | 0.0011% | −95.45% | 0.30% | −33.19 | #9824 |
| FY 2021-22 | < ₹1 Crore | 0.0000% | +850.00% | 0.68% | 172.45 | 0.0038% | +419.27% | 1.71% | −172.26 | #9228 |
| FY 2022-23 | < ₹1 Crore | 0.0000% | +15.79% | 1.37% | 55.24 | 0.0010% | −67.97% | 0.43% | −55.02 | #9229 |
| FY 2023-24 | 1.03 | 0.0000% | +368.18% | 4.78% | 4.80 | 0.0001% | −91.31% | 0.04% | −3.77 | #8225 |
| FY 2024-25 | < ₹1 Crore | 0.0000% | −20.39% | 3.04% | 2.48 | 0.0000% | −48.33% | 0.03% | −1.66 | #8412 |

- CAGR (7-year): exports 5.34%/yr, imports -63.95%/yr (consistently Deficit)

## Key trade insights: HSN Code 98010020 export-import analysis

### Consistent export growth: 5.34% CAGR over 7 years

India's exports under HSN Code 98010020 have grown at a compound annual rate of 5.34% over 7 fiscal years, rising from ₹0.60 Crore in FY 2018-19 to ₹0.82 Crore in FY 2024-25.

### HSN Code 98010020 ranked #8412 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 98010020 ranks #8412 out of 12657 HSN codes by total export value. Within Sub-Chapter 9801, it ranks #4 of 8. By trade surplus, it ranks #8109 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 98010020 exports

The strongest single-year export movement for HSN Code 98010020 was recorded in FY 2021-22, when exports surged by 850.00% over the prior year.

### India records a trade deficit of ₹1.66 Crore in HSN Code 98010020 goods

In FY 2024-25, India's imports of ₹2.48 Cr exceeded exports of ₹0.82 Cr, resulting in a trade deficit of ₹1.66 Crore — ranking #8109 of 12657 by surplus magnitude.

### Import growth of -63.95% CAGR signals stable import dependency for Components/raw materials for unit setup

India's imports under HSN Code 98010020 have grown at -63.95% CAGR, reaching ₹2.48 Crore in FY 2024-25.

### HSN Code 98010020 contributes 3.04% of Sub-Chapter 9801 exports — ranked #4

Among the 8 HSN codes under Sub-Chapter 9801, HSN Code 98010020 ranks #4 by export value — accounting for 3.04% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #8).

## Related HSN Codes in Sub-Chapter 9801

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 98010011: Looped Pile Fabrics \| Of Man-Made Fibres](https://busy.in/hsn/hsn-98010011/) | ₹14 Cr |
| #2 | [HSN Code 98010030: Spare Parts/Raw Materials for Plant Maintenance](https://busy.in/hsn/hsn-98010030/) | ₹7 Cr |
| #3 | [HSN Code 98010019: Machinery \| For Other Projects](https://busy.in/hsn/hsn-98010019/) | ₹5 Cr |
| #4 | HSN Code 98010020: Components/raw materials for unit setup (this hsn code) | < ₹1 Crore |
| #5 | [HSN Code 98010012: Machinery \| For Irrigation Plant](https://busy.in/hsn/hsn-98010012/) | < ₹1 Crore |
| #6 | [HSN Code 98010013: Machinery \| For Power Project](https://busy.in/hsn/hsn-98010013/) | < ₹1 Crore |
| — | [HSN Code 98010014: Machinery \| For Mining Project](https://busy.in/hsn/hsn-98010014/) | Nil |
| — | [HSN Code 98010015: Machinery: Oil exploration](https://busy.in/hsn/hsn-98010015/) | Nil |