1703 HSN Code: Sugar molasses

HSN Sub Chapter 1703 represents Sugar molasses under GST classification. This code helps businesses identify Sugar molasses correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 1703, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Sugar molasses.

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New GST Rate for HSN Code 1703

GST Rate for Sugar molasses under HSN Code 1703. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

17

HSN Code

1703

HSN Description

Molasses resulting from the extraction or refining of sugar

New GST Rate

5 %
Essential

Old GST Rate

5 %

Tariff HSN Codes under HSN Sub Chapter 1703

Following tariff HSN codes fall under Sugar molasses.

Tariff HSN

17031000

Description

Cane molasses

Tariff HSN

17039010

Description

Other : Molasses, edible

Tariff HSN

17039090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 1703 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

₹248 Cr

−77.53% vs FY 2023-24

0.0067% of India’s total exports

India’s Imports

FY 2024-25

₹9 Cr

−46.35% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

₹239 Cr

Trade Surplus

Surplus rank #316 of 1233 subchapters

% of Chapter 17

FY 2024-25

1.17%

Share of Chapter 17’s total exports in FY 2024-25

Import side: 0.07% of Chapter 17’s imports

Rank Within Chapter 17

FY 2024-25

#4 of 4

Position by export value among subchapters in Chapter 17

Import-side rank: #4 of 4

At a glance

−13.39%

Export CAGR

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

#662

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+154.34%

Peak Growth Year

FY 2020-21 · strongest single-year move

1.17%

Contribution to Ch. 17

Share of Chapter 17 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 1703

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 #393

Balance

+585.42

Exports

586.80 ₹ Cr

0.0256% share

— YoY

5.15% of Ch. 17

Imports

1.38 ₹ Cr

0.0000% share

— YoY

0.04% of Ch. 17

FY 2019-20 Exp. Rank #400

Balance

+507.30

Exports

517.51 ₹ Cr

0.0234% share

−11.81% YoY

3.32% of Ch. 17

Imports

10.21 ₹ Cr

0.0003% share

+639.86% YoY

0.32% of Ch. 17

FY 2020-21 Exp. Rank #255

Balance

+1,315.30

Exports

1,316.22 ₹ Cr

0.0612% share

+154.34% YoY

5.64% of Ch. 17

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−90.99% YoY

0.02% of Ch. 17

FY 2021-22 Exp. Rank #259

Balance

+1,623.74

Exports

1,625.75 ₹ Cr

0.0518% share

+23.52% YoY

4.28% of Ch. 17

Imports

2.01 ₹ Cr

0.0000% share

+118.48% YoY

0.09% of Ch. 17

FY 2022-23 Exp. Rank #243

Balance

+2,059.17

Exports

2,063.82 ₹ Cr

0.0570% share

+26.95% YoY

4.07% of Ch. 17

Imports

4.65 ₹ Cr

0.0001% share

+131.34% YoY

0.13% of Ch. 17

FY 2023-24 Exp. Rank #367

Balance

+1,086.25

Exports

1,102.54 ₹ Cr

0.0305% share

−46.58% YoY

4.05% of Ch. 17

Imports

16.29 ₹ Cr

0.0003% share

+250.32% YoY

0.09% of Ch. 17

FY 2024-25 Exp. Rank #662

Balance

+238.95

Exports

247.69 ₹ Cr

0.0067% share

−77.53% YoY

1.17% of Ch. 17

Imports

8.74 ₹ Cr

0.0001% share

−46.35% YoY

0.07% of Ch. 17

CAGR · 7-Year

Exports

−13.39% /yr

Imports

36.02% /yr

Consistently Surplus
Chapter 17 total

reference, FY 2024-25

Export

₹21,182.41 Cr

Import

₹13,069.21 Cr

Trade Balance

+8,113.20

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

Key Trade Insights: HSN Sub-Chapter 1703 Export-Import Analysis

Export Decline: −13.39% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 1703 have declined at a compound annual rate of −13.39% over 7 fiscal years, falling from ₹586.80 Crore in FY 2018-19 to ₹247.69 Crore in FY 2024-25.

HSN Sub-Chapter 1703 Ranked #662 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 1703 ranks #662 out of 1233 subchapters by total export value. Within Chapter 17, it ranks #4 of 4. By trade surplus, it ranks #316 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 1703 Exports

The strongest single-year export movement for HSN Sub-Chapter 1703 was recorded in FY 2020-21, when exports surged by 154.34% over the prior year.

India Maintains a Trade Surplus of ₹238.95 Crore in HSN Sub-Chapter 1703 Goods

In FY 2024-25, India's exports of ₹247.69 Cr exceeded imports of ₹8.74 Cr, resulting in a trade surplus of ₹238.95 Crore — ranking #316 of 1233 by surplus magnitude.

Import Growth of 36.02% CAGR Signals Rising Demand for Sugar molasses

India's imports under HSN Sub-Chapter 1703 have grown at 36.02% CAGR, reaching ₹8.74 Crore in FY 2024-25.

HSN Sub-Chapter 1703 Contributes 1.17% of Chapter 17 Exports — Ranked #4

Among the 4 subchapters under Chapter 17, HSN Sub-Chapter 1703 ranks #4 by export value — accounting for 1.17% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.07% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 1703 and GST compliance.

What products are classified under HSN 1703

It includes Sugar molasses

Can I claim ITC on inputs and services used for Sugar molasses?

If your outward supply of Sugar molasses 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.

Does packaging or branding change how GST applies to Sugar molasses?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Sugar molasses 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.

How should I document Sugar molasses sent for job work?

Use a delivery challan for sending Sugar molasses 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.

What should my invoice and records include for Sugar molasses?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

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

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.

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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