2003 HSN Code: Prepared mushrooms & truffles

HSN Sub Chapter 2003 represents Prepared mushrooms & truffles under GST classification. This code helps businesses identify Prepared mushrooms & truffles correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2003, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Prepared mushrooms & truffles.

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New GST Rate for HSN Code 2003

GST Rate for Prepared mushrooms & truffles under HSN Code 2003. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

20

HSN Code

2003

HSN Description

Mushrooms and truffles, prepared or preserved otherwise than by vinegar or acetic acid

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 2003

Following tariff HSN codes fall under Prepared mushrooms & truffles.

Tariff HSN

20031000

Description

Mushrooms of the genus Agaricus

Tariff HSN

20039010

Description

Other : Truffles

Tariff HSN

20039090

Description

Other : Other

India’s Trade Performance — HSN Sub-Chapter 2003 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 Cr

+50.54% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹12 Cr

+31.36% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹11 Cr

Trade Deficit

Surplus rank #590 of 1233 subchapters

% of Chapter 20

FY 2024-25

0.01%

Share of Chapter 20’s total exports in FY 2024-25

Import side: 0.82% of Chapter 20’s imports

Rank Within Chapter 20

FY 2024-25

#9 of 9

Position by export value among subchapters in Chapter 20

Import-side rank: #7 of 9

At a glance

45.10%

Export CAGR

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

#1135

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+653.57%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.01%

Contribution to Ch. 20

Share of Chapter 20 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2003

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 #1180

Balance

−3.27

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Ch. 20

Imports

3.42 ₹ Cr

0.0001% share

— YoY

0.42% of Ch. 20

FY 2019-20 Exp. Rank #1179

Balance

−3.10

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−53.33% YoY

0.00% of Ch. 20

Imports

3.17 ₹ Cr

0.0001% share

−7.31% YoY

0.40% of Ch. 20

FY 2020-21 Exp. Rank #1155

Balance

−2.50

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+300.00% YoY

0.01% of Ch. 20

Imports

2.78 ₹ Cr

0.0001% share

−12.30% YoY

0.43% of Ch. 20

FY 2021-22 Exp. Rank #1107

Balance

−3.69

Exports

2.11 ₹ Cr

0.0001% share

+653.57% YoY

0.04% of Ch. 20

Imports

5.80 ₹ Cr

0.0001% share

+108.63% YoY

0.58% of Ch. 20

FY 2022-23 Exp. Rank #1173

Balance

−8.98

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−92.42% YoY

0.00% of Ch. 20

Imports

9.14 ₹ Cr

0.0002% share

+57.59% YoY

0.76% of Ch. 20

FY 2023-24 Exp. Rank #1151

Balance

−8.51

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+481.25% YoY

0.01% of Ch. 20

Imports

9.44 ₹ Cr

0.0002% share

+3.28% YoY

0.81% of Ch. 20

FY 2024-25 Exp. Rank #1135

Balance

−11.00

Exports

1.40 ₹ Cr

0.0000% share

+50.54% YoY

0.01% of Ch. 20

Imports

12.40 ₹ Cr

0.0002% share

+31.36% YoY

0.82% of Ch. 20

CAGR · 7-Year

Exports

45.10% /yr

Imports

23.95% /yr

Consistently Deficit
Chapter 20 total

reference, FY 2024-25

Export

₹10,359.29 Cr

Import

₹1,504.98 Cr

Trade Balance

+8,854.31

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

Key Trade Insights: HSN Sub-Chapter 2003 Export-Import Analysis

Consistent Export Growth: 45.10% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2003 have grown at a compound annual rate of 45.10% over 7 fiscal years, rising from ₹0.15 Crore in FY 2018-19 to ₹1.40 Crore in FY 2024-25.

HSN Sub-Chapter 2003 Ranked #1135 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2003 ranks #1135 out of 1233 subchapters by total export value. Within Chapter 20, it ranks #9 of 9. By trade surplus, it ranks #590 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 2003 Exports

The strongest single-year export movement for HSN Sub-Chapter 2003 was recorded in FY 2021-22, when exports surged by 653.57% over the prior year.

India Records a Trade Deficit of ₹11.00 Crore in HSN Sub-Chapter 2003 Goods

In FY 2024-25, India's imports of ₹12.40 Cr exceeded exports of ₹1.40 Cr, resulting in a trade deficit of ₹11.00 Crore — ranking #590 of 1233 by surplus magnitude.

Import Growth of 23.95% CAGR Signals Rising Demand for Prepared mushrooms & truffles

India's imports under HSN Sub-Chapter 2003 have grown at 23.95% CAGR, reaching ₹12.40 Crore in FY 2024-25.

HSN Sub-Chapter 2003 Contributes 0.01% of Chapter 20 Exports — Ranked #9

Among the 9 subchapters under Chapter 20, HSN Sub-Chapter 2003 ranks #9 by export value — accounting for 0.01% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.82% share (rank #7).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2003 and GST compliance.

What products are classified under HSN 2003

It includes Prepared mushrooms & truffles

Does packaging or branding change how GST applies to Prepared mushrooms & truffles?

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

Can I claim ITC on inputs and services used for Prepared mushrooms & truffles?

If your outward supply of Prepared mushrooms & truffles 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 Prepared mushrooms & truffles 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 Prepared mushrooms & truffles?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Prepared mushrooms & truffles are forward charge. Check the current notifications for any special cases before deciding.

How should I document Prepared mushrooms & truffles sent for job work?

Use a delivery challan for sending Prepared mushrooms & truffles 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.

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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