Consistent Export Growth: 1.74% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 1602 have grown at a compound annual rate of 1.74% over 7 fiscal years, rising from ₹4.96 Crore in FY 2018-19 to ₹5.50 Crore in FY 2024-25.
HSN Sub Chapter 1602 represents Prepared meat and offal under GST classification. This code helps businesses identify Prepared meat and offal correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1602, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Prepared meat and offal.
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GST Rate for Prepared meat and offal under HSN Code 1602. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Prepared meat and offal.
Tariff HSN
Description
Homogenised preparations
Tariff HSN
Description
Of liver of any animal
Tariff HSN
Description
Of poultry of heading 0105 : Of turkeys
Tariff HSN
Description
Of poultry of heading 0105 : Of fowls of the species Gallus domesticus
Tariff HSN
Description
Of poultry of heading 0105 : Other
Tariff HSN
Description
Of swine : Hams and cuts thereof
Tariff HSN
Description
Of swine : Shoulders and cuts thereof
Tariff HSN
Description
Of swine : Other, including mixtures
Tariff HSN
Description
Of bovine animals
Tariff HSN
Description
Other, including preparations of blood of any animal
India’s Exports
FY 2024-25₹6 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹9 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25−₹3 Cr
Surplus rank #555 of 1233 subchapters
% of Chapter 16
FY 2024-250.08%
Share of Chapter 16’s total exports in FY 2024-25
Import side: 12.78% of Chapter 16’s imports
Rank Within Chapter 16
FY 2024-25#3 of 5
Position by export value among subchapters in Chapter 16
Import-side rank: #2 of 5
At a glance
1.74%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#1083
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+125.88%
Peak Growth Year
FY 2023-24 · strongest single-year move
0.08%
Contribution to Ch. 16
Share of Chapter 16 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
−9.79
Exports
4.96 ₹ Cr
0.0002% share
— YoY
0.16% of Ch. 16
Imports
14.75 ₹ Cr
0.0004% share
— YoY
36.69% of Ch. 16
Balance
−4.45
Exports
9.16 ₹ Cr
0.0004% share
+84.68% YoY
0.27% of Ch. 16
Imports
13.61 ₹ Cr
0.0004% share
−7.73% YoY
25.48% of Ch. 16
Balance
+2.39
Exports
8.94 ₹ Cr
0.0004% share
−2.40% YoY
0.19% of Ch. 16
Imports
6.55 ₹ Cr
0.0002% share
−51.87% YoY
11.21% of Ch. 16
Balance
−5.52
Exports
7.11 ₹ Cr
0.0002% share
−20.47% YoY
0.12% of Ch. 16
Imports
12.63 ₹ Cr
0.0003% share
+92.82% YoY
13.82% of Ch. 16
Balance
−9.00
Exports
6.53 ₹ Cr
0.0002% share
−8.16% YoY
0.10% of Ch. 16
Imports
15.53 ₹ Cr
0.0003% share
+22.96% YoY
27.17% of Ch. 16
Balance
+2.03
Exports
14.75 ₹ Cr
0.0004% share
+125.88% YoY
0.25% of Ch. 16
Imports
12.72 ₹ Cr
0.0002% share
−18.09% YoY
16.40% of Ch. 16
Balance
−3.35
Exports
5.50 ₹ Cr
0.0001% share
−62.71% YoY
0.08% of Ch. 16
Imports
8.85 ₹ Cr
0.0001% share
−30.42% YoY
12.78% of Ch. 16
CAGR · 7-Year
Exports
1.74% /yr
Imports
−8.16% /yr
India's exports under HSN Sub-Chapter 1602 have grown at a compound annual rate of 1.74% over 7 fiscal years, rising from ₹4.96 Crore in FY 2018-19 to ₹5.50 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 1602 ranks #1083 out of 1233 subchapters by total export value. Within Chapter 16, it ranks #3 of 5. By trade surplus, it ranks #555 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 1602 was recorded in FY 2023-24, when exports surged by 125.88% over the prior year.
In FY 2024-25, India's imports of ₹8.85 Cr exceeded exports of ₹5.50 Cr, resulting in a trade deficit of ₹3.35 Crore — ranking #555 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 1602 have grown at −8.16% CAGR, reaching ₹8.85 Crore in FY 2024-25.
Among the 5 subchapters under Chapter 16, HSN Sub-Chapter 1602 ranks #3 by export value — accounting for 0.08% of the chapter's total exports in FY 2024-25. On the import side, it holds 12.78% 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 1602 and GST compliance.
It includes Prepared meat and offal
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.
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.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Prepared meat and offal are forward charge. Check the current notifications for any special cases before deciding.
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.