0701 HSN Code: Potatoes, fresh or chilled

HSN Sub Chapter 0701 represents Potatoes, fresh or chilled under GST classification. This code helps businesses identify Potatoes, fresh or chilled correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 0701, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Potatoes, fresh or chilled.

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New GST Rate for HSN Code 0701

GST Rate for Potatoes, fresh or chilled under HSN Code 0701. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

07

HSN Code

0701

HSN Description

Potatoes, fresh or chilled

New GST Rate

0 %
Exempted

Old GST Rate

0 %

Tariff HSN Codes under HSN Sub Chapter 0701

Following tariff HSN codes fall under Potatoes, fresh or chilled.

Tariff HSN

07011000

Description

Seed

Tariff HSN

07019000

Description

Other

India’s Trade Performance — HSN Sub-Chapter 0701 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹1,015 Cr

+21.20% vs FY 2023-24

0.0274% of India’s total exports

India’s Imports

FY 2024-25

₹4 Cr

−1.69% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹1,011 Cr

Trade Surplus

Surplus rank #183 of 1233 subchapters

% of Chapter 07

FY 2024-25

5.47%

Share of Chapter 07’s total exports in FY 2024-25

Import side: 0.01% of Chapter 07’s imports

Rank Within Chapter 07

FY 2024-25

#6 of 14

Position by export value among subchapters in Chapter 07

Import-side rank: #8 of 14

At a glance

14.53%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#386

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+34.67%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.47%

Contribution to Ch. 07

Share of Chapter 07 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 0701

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #441

Balance

+448.77

Exports

449.86 ₹ Cr

0.0196% share

— YoY

4.95% of Ch. 07

Imports

1.09 ₹ Cr

0.0000% share

— YoY

0.01% of Ch. 07

FY 2019-20 Exp. Rank #374

Balance

+584.18

Exports

584.29 ₹ Cr

0.0265% share

+29.88% YoY

7.53% of Ch. 07

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−89.91% YoY

0.00% of Ch. 07

FY 2020-21 Exp. Rank #402

Balance

+563.19

Exports

563.43 ₹ Cr

0.0262% share

−3.57% YoY

5.81% of Ch. 07

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+118.18% YoY

0.00% of Ch. 07

FY 2021-22 Exp. Rank #399

Balance

+753.05

Exports

758.77 ₹ Cr

0.0242% share

+34.67% YoY

6.84% of Ch. 07

Imports

5.72 ₹ Cr

0.0001% share

+2,283.33% YoY

0.03% of Ch. 07

FY 2022-23 Exp. Rank #411

Balance

+798.62

Exports

806.86 ₹ Cr

0.0223% share

+6.34% YoY

5.23% of Ch. 07

Imports

8.24 ₹ Cr

0.0001% share

+44.06% YoY

0.05% of Ch. 07

FY 2023-24 Exp. Rank #404

Balance

+833.38

Exports

837.53 ₹ Cr

0.0231% share

+3.80% YoY

5.21% of Ch. 07

Imports

4.15 ₹ Cr

0.0001% share

−49.64% YoY

0.01% of Ch. 07

FY 2024-25 Exp. Rank #386

Balance

+1,010.97

Exports

1,015.05 ₹ Cr

0.0274% share

+21.20% YoY

5.47% of Ch. 07

Imports

4.08 ₹ Cr

0.0001% share

−1.69% YoY

0.01% of Ch. 07

CAGR · 7-Year

Exports

14.53% /yr

Imports

24.61% /yr

Consistently Surplus
Chapter 07 total

reference, FY 2024-25

Export

₹18,550.75 Cr

Import

₹47,372.66 Cr

Trade Balance

−28,821.91

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 0701 Export-Import Analysis

Consistent Export Growth: 14.53% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 0701 have grown at a compound annual rate of 14.53% over 7 fiscal years, rising from ₹449.86 Crore in FY 2018-19 to ₹1,015.05 Crore in FY 2024-25.

HSN Sub-Chapter 0701 Ranked #386 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 0701 ranks #386 out of 1233 subchapters by total export value. Within Chapter 07, it ranks #6 of 14. By trade surplus, it ranks #183 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 0701 Exports

The strongest single-year export movement for HSN Sub-Chapter 0701 was recorded in FY 2021-22, when exports surged by 34.67% over the prior year.

India Maintains a Trade Surplus of ₹1,010.97 Crore in HSN Sub-Chapter 0701 Goods

In FY 2024-25, India's exports of ₹1,015.05 Cr exceeded imports of ₹4.08 Cr, resulting in a trade surplus of ₹1,010.97 Crore — ranking #183 of 1233 by surplus magnitude.

Import Growth of 24.61% CAGR Signals Rising Demand for Potatoes, fresh or chilled

India's imports under HSN Sub-Chapter 0701 have grown at 24.61% CAGR, reaching ₹4.08 Crore in FY 2024-25.

HSN Sub-Chapter 0701 Contributes 5.47% of Chapter 07 Exports — Ranked #6

Among the 14 subchapters under Chapter 07, HSN Sub-Chapter 0701 ranks #6 by export value — accounting for 5.47% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 0701 and GST compliance.

What products are classified under HSN 0701

It includes Potatoes, fresh or chilled

Does MRP, weight or pack size change GST treatment for Potatoes, fresh or chilled?

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.

Can I claim ITC on inputs and services used for Potatoes, fresh or chilled?

If your outward supply of Potatoes, fresh or chilled is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

How are warranty replacements of Potatoes, fresh or chilled handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

Can reverse charge ever apply to transactions involving Potatoes, fresh or chilled?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Potatoes, fresh or chilled are forward charge. Check the current notifications for any special cases before deciding.

What misclassification mistakes happen with Potatoes, fresh or chilled?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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