1203 HSN Code: Copra

HSN Sub Chapter 1203 represents Copra under GST classification. This code helps businesses identify Copra correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1203, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Copra.

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New GST Rate for HSN Code 1203

GST Rate for Copra under HSN Code 1203. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

12

HSN Code

1203

HSN Description

Copra

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 1203

Following tariff HSN codes fall under Copra.

Tariff HSN

12030000

Description

Copra other than of seed quality

India’s Trade Performance — HSN Sub-Chapter 1203 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

₹242 Cr

+39.21% vs FY 2023-24

0.0065% of India’s total exports

India’s Imports

FY 2024-25

₹59 Cr

+3.62% vs FY 2023-24

0.0010% of India’s total imports

Trade Balance

FY 2024-25

₹183 Cr

Trade Surplus

Surplus rank #342 of 1233 subchapters

% of Chapter 12

FY 2024-25

1.35%

Share of Chapter 12’s total exports in FY 2024-25

Import side: 0.77% of Chapter 12’s imports

Rank Within Chapter 12

FY 2024-25

#5 of 14

Position by export value among subchapters in Chapter 12

Import-side rank: #6 of 14

At a glance

38.36%

Export CAGR

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

#664

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+318.30%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.35%

Contribution to Ch. 12

Share of Chapter 12 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1203

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 #881

Balance

−45.60

Exports

34.51 ₹ Cr

0.0015% share

— YoY

0.30% of Ch. 12

Imports

80.11 ₹ Cr

0.0022% share

— YoY

2.01% of Ch. 12

FY 2019-20 Exp. Rank #881

Balance

−40.23

Exports

36.14 ₹ Cr

0.0016% share

+4.72% YoY

0.29% of Ch. 12

Imports

76.37 ₹ Cr

0.0023% share

−4.67% YoY

1.40% of Ch. 12

FY 2020-21 Exp. Rank #890

Balance

−62.54

Exports

33.33 ₹ Cr

0.0015% share

−7.78% YoY

0.25% of Ch. 12

Imports

95.87 ₹ Cr

0.0033% share

+25.53% YoY

1.72% of Ch. 12

FY 2021-22 Exp. Rank #725

Balance

+60.43

Exports

139.42 ₹ Cr

0.0044% share

+318.30% YoY

1.07% of Ch. 12

Imports

78.99 ₹ Cr

0.0017% share

−17.61% YoY

1.17% of Ch. 12

FY 2022-23 Exp. Rank #676

Balance

+205.91

Exports

213.86 ₹ Cr

0.0059% share

+53.39% YoY

1.33% of Ch. 12

Imports

7.95 ₹ Cr

0.0001% share

−89.94% YoY

0.10% of Ch. 12

FY 2023-24 Exp. Rank #716

Balance

+116.63

Exports

173.88 ₹ Cr

0.0048% share

−18.69% YoY

0.98% of Ch. 12

Imports

57.25 ₹ Cr

0.0010% share

+620.13% YoY

0.55% of Ch. 12

FY 2024-25 Exp. Rank #664

Balance

+182.74

Exports

242.06 ₹ Cr

0.0065% share

+39.21% YoY

1.35% of Ch. 12

Imports

59.32 ₹ Cr

0.0010% share

+3.62% YoY

0.77% of Ch. 12

CAGR · 7-Year

Exports

38.36% /yr

Imports

−4.88% /yr

Consistently Surplus
Chapter 12 total

reference, FY 2024-25

Export

₹17,996.47 Cr

Import

₹7,700.01 Cr

Trade Balance

+10,296.46

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

Key Trade Insights: HSN Sub-Chapter 1203 Export-Import Analysis

Consistent Export Growth: 38.36% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1203 have grown at a compound annual rate of 38.36% over 7 fiscal years, rising from ₹34.51 Crore in FY 2018-19 to ₹242.06 Crore in FY 2024-25.

HSN Sub-Chapter 1203 Ranked #664 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1203 ranks #664 out of 1233 subchapters by total export value. Within Chapter 12, it ranks #5 of 14. By trade surplus, it ranks #342 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 1203 Exports

The strongest single-year export movement for HSN Sub-Chapter 1203 was recorded in FY 2021-22, when exports surged by 318.30% over the prior year.

India Maintains a Trade Surplus of ₹182.74 Crore in HSN Sub-Chapter 1203 Goods

In FY 2024-25, India's exports of ₹242.06 Cr exceeded imports of ₹59.32 Cr, resulting in a trade surplus of ₹182.74 Crore — ranking #342 of 1233 by surplus magnitude.

Import Growth of −4.88% CAGR Signals Stable Import Dependency for Copra

India's imports under HSN Sub-Chapter 1203 have grown at −4.88% CAGR, reaching ₹59.32 Crore in FY 2024-25.

HSN Sub-Chapter 1203 Contributes 1.35% of Chapter 12 Exports — Ranked #5

Among the 14 subchapters under Chapter 12, HSN Sub-Chapter 1203 ranks #5 by export value — accounting for 1.35% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.77% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1203 and GST compliance.

What products are classified under HSN 1203

It includes Copra

Does MRP, weight or pack size change GST treatment for Copra?

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.

Does packaging or branding change how GST applies to Copra?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Copra is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

Is the composition scheme suitable if I mainly trade Copra?

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.

If I repair and return Copra, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Can I claim ITC on inputs and services used for Copra?

If your outward supply of Copra 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.

What are the e‑way bill and e‑invoice points while moving Copra?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

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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