Consistent Export Growth: 11.86% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 1006 have grown at a compound annual rate of 11.86% over 7 fiscal years, rising from ₹53,975.47 Crore in FY 2018-19 to ₹1,05,722.43 Crore in FY 2024-25.
HSN Sub Chapter 1006 represents Rice under GST classification. This code helps businesses identify Rice correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1006, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rice.
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GST Rate for Rice under HSN Code 1006. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Rice.
Tariff HSN
Description
Rice in the husk (paddy or rough): Of seed quality .
Tariff HSN
Description
Rice in the husk (paddy or rough): Other . (other than pre-packaged and labelled)
Tariff HSN
Description
Rice in the husk (paddy or rough): Other .
Tariff HSN
Description
Husked (brown) rice . (other than pre-packaged and labelled)
Tariff HSN
Description
Husked (brown) rice .
Tariff HSN
Description
Semi-milled or wholly-milled rice, whether or not polished or glazed : Rice, parboiled . (other than pre-packaged and labelled)
Tariff HSN
Description
Semi-milled or wholly-milled rice, whether or not polished or glazed : Rice, parboiled .
Tariff HSN
Description
Semi-milled or wholly-milled rice, whether or not polished or glazed : Basmati rice . (other than pre-packaged and labelled)
Tariff HSN
Description
Semi-milled or wholly-milled rice, whether or not polished or glazed : Basmati rice .
Tariff HSN
Description
Semi-milled or wholly-milled rice, whether or not polished or glazed : Other . (other than pre-packaged and labelled)
Tariff HSN
Description
Semi-milled or wholly-milled rice, whether or not polished or glazed : Other .
Tariff HSN
Description
Broken rice . (other than pre-packaged and labelled)
Tariff HSN
Description
Broken rice .
India’s Exports
FY 2024-25₹1,05,722 Cr
2.8547% of India’s total exports
India’s Imports
FY 2024-25₹55 Cr
0.0009% of India’s total imports
Trade Balance
FY 2024-25₹1,05,668 Cr
Surplus rank #3 of 1233 subchapters
% of Chapter 10
FY 2024-2597.80%
Share of Chapter 10’s total exports in FY 2024-25
Import side: 1.64% of Chapter 10’s imports
Rank Within Chapter 10
FY 2024-25#1 of 8
Position by export value among subchapters in Chapter 10
Import-side rank: #5 of 8
At a glance
11.86%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#6
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+43.98%
Peak Growth Year
FY 2020-21 · strongest single-year move
97.80%
Contribution to Ch. 10
Share of Chapter 10 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
+53,943.33
Exports
53,975.47 ₹ Cr
2.3515% share
— YoY
94.98% of Ch. 10
Imports
32.14 ₹ Cr
0.0009% share
— YoY
6.30% of Ch. 10
Balance
+45,347.91
Exports
45,426.66 ₹ Cr
2.0567% share
−15.84% YoY
95.97% of Ch. 10
Imports
78.75 ₹ Cr
0.0023% share
+145.02% YoY
6.03% of Ch. 10
Balance
+65,380.06
Exports
65,404.73 ₹ Cr
3.0409% share
+43.98% YoY
87.46% of Ch. 10
Imports
24.67 ₹ Cr
0.0008% share
−68.67% YoY
6.91% of Ch. 10
Balance
+72,065.84
Exports
72,115.64 ₹ Cr
2.2979% share
+10.26% YoY
75.06% of Ch. 10
Imports
49.80 ₹ Cr
0.0011% share
+101.86% YoY
11.85% of Ch. 10
Balance
+89,578.11
Exports
89,622.10 ₹ Cr
2.4753% share
+24.28% YoY
80.68% of Ch. 10
Imports
43.99 ₹ Cr
0.0008% share
−11.67% YoY
3.55% of Ch. 10
Balance
+86,157.19
Exports
86,193.66 ₹ Cr
2.3823% share
−3.83% YoY
94.76% of Ch. 10
Imports
36.47 ₹ Cr
0.0006% share
−17.09% YoY
3.31% of Ch. 10
Balance
+1,05,667.56
Exports
1,05,722.43 ₹ Cr
2.8547% share
+22.66% YoY
97.80% of Ch. 10
Imports
54.87 ₹ Cr
0.0009% share
+50.45% YoY
1.64% of Ch. 10
CAGR · 7-Year
Exports
11.86% /yr
Imports
9.32% /yr
reference, FY 2024-25
Export
₹1,08,096.06 Cr
Import
₹3,345.29 Cr
Trade Balance
+1,04,750.77
India's exports under HSN Sub-Chapter 1006 have grown at a compound annual rate of 11.86% over 7 fiscal years, rising from ₹53,975.47 Crore in FY 2018-19 to ₹1,05,722.43 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 1006 ranks #6 out of 1233 subchapters by total export value. Within Chapter 10, it ranks #1 of 8. By trade surplus, it ranks #3 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 1006 was recorded in FY 2020-21, when exports surged by 43.98% over the prior year.
In FY 2024-25, India's exports of ₹1,05,722.43 Cr exceeded imports of ₹54.87 Cr, resulting in a trade surplus of ₹1,05,667.56 Crore — ranking #3 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 1006 have grown at 9.32% CAGR, reaching ₹54.87 Crore in FY 2024-25.
Among the 8 subchapters under Chapter 10, HSN Sub-Chapter 1006 ranks #1 by export value — accounting for 97.80% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.64% share (rank #5).
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 1006 and GST compliance.
It includes Rice
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Rice are forward charge. Check the current notifications for any special cases before deciding.
Use a delivery challan for sending Rice to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.