Consistent Export Growth: 12.08% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 0406 have grown at a compound annual rate of 12.08% over 7 fiscal years, rising from ₹249.70 Crore in FY 2018-19 to ₹494.90 Crore in FY 2024-25.
HSN Sub Chapter 0406 represents Cheese & curd under GST classification. This code helps businesses identify Cheese & curd correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 0406, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Cheese & curd.
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GST Rate for Cheese & curd under HSN Code 0406. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Cheese & curd.
Tariff HSN
Description
Fresh (unripened or uncured) cheese, including whey cheese
Tariff HSN
Description
Mozzarella cheese
Tariff HSN
Description
Other
Tariff HSN
Description
Grated or powdered cheese, of all kinds
Tariff HSN
Description
Processed cheese not grated or powdered
Tariff HSN
Description
Blue-veined cheese and other cheese containing veins produced by Penicillium roqueforti
Tariff HSN
Description
Chena or paneer other than pre-packaged and labelled
Tariff HSN
Description
Chena or paneer pre-packaged and labelled
Tariff HSN
Description
Other cheese
India’s Exports
FY 2024-25₹495 Cr
0.0134% of India’s total exports
India’s Imports
FY 2024-25₹92 Cr
0.0015% of India’s total imports
Trade Balance
FY 2024-25₹403 Cr
Surplus rank #273 of 1233 subchapters
% of Chapter 04
FY 2024-256.83%
Share of Chapter 04’s total exports in FY 2024-25
Import side: 23.72% of Chapter 04’s imports
Rank Within Chapter 04
FY 2024-25#4 of 10
Position by export value among subchapters in Chapter 04
Import-side rank: #2 of 10
At a glance
12.08%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#533
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+36.31%
Peak Growth Year
FY 2022-23 · strongest single-year move
6.83%
Contribution to Ch. 04
Share of Chapter 04 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+178.85
Exports
249.70 ₹ Cr
0.0109% share
— YoY
6.62% of Ch. 04
Imports
70.85 ₹ Cr
0.0020% share
— YoY
30.98% of Ch. 04
Balance
+179.70
Exports
248.42 ₹ Cr
0.0112% share
−0.51% YoY
9.92% of Ch. 04
Imports
68.72 ₹ Cr
0.0020% share
−3.01% YoY
25.77% of Ch. 04
Balance
+264.88
Exports
297.61 ₹ Cr
0.0138% share
+19.80% YoY
11.42% of Ch. 04
Imports
32.73 ₹ Cr
0.0011% share
−52.37% YoY
13.16% of Ch. 04
Balance
+216.11
Exports
277.12 ₹ Cr
0.0088% share
−6.88% YoY
5.98% of Ch. 04
Imports
61.01 ₹ Cr
0.0013% share
+86.40% YoY
27.15% of Ch. 04
Balance
+287.96
Exports
377.73 ₹ Cr
0.0104% share
+36.31% YoY
7.71% of Ch. 04
Imports
89.77 ₹ Cr
0.0016% share
+47.14% YoY
24.64% of Ch. 04
Balance
+334.05
Exports
450.91 ₹ Cr
0.0125% share
+19.37% YoY
8.71% of Ch. 04
Imports
116.86 ₹ Cr
0.0021% share
+30.18% YoY
23.33% of Ch. 04
Balance
+403.07
Exports
494.90 ₹ Cr
0.0134% share
+9.76% YoY
6.83% of Ch. 04
Imports
91.83 ₹ Cr
0.0015% share
−21.42% YoY
23.72% of Ch. 04
CAGR · 7-Year
Exports
12.08% /yr
Imports
4.42% /yr
reference, FY 2024-25
Export
₹7,242.47 Cr
Import
₹387.11 Cr
Trade Balance
+6,855.36
India's exports under HSN Sub-Chapter 0406 have grown at a compound annual rate of 12.08% over 7 fiscal years, rising from ₹249.70 Crore in FY 2018-19 to ₹494.90 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 0406 ranks #533 out of 1233 subchapters by total export value. Within Chapter 04, it ranks #4 of 10. By trade surplus, it ranks #273 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 0406 was recorded in FY 2022-23, when exports surged by 36.31% over the prior year.
In FY 2024-25, India's exports of ₹494.90 Cr exceeded imports of ₹91.83 Cr, resulting in a trade surplus of ₹403.07 Crore — ranking #273 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 0406 have grown at 4.42% CAGR, reaching ₹91.83 Crore in FY 2024-25.
Among the 10 subchapters under Chapter 04, HSN Sub-Chapter 0406 ranks #4 by export value — accounting for 6.83% of the chapter's total exports in FY 2024-25. On the import side, it holds 23.72% share (rank #2).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 0406 and GST compliance.
It includes Cheese & curd
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.