---
title: "2304 HSN Code | HSN Code for Soybean oilcake in India"
description: "Know more about 2304 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2304 covering Soybean oilcake."
canonical: "https://busy.in/hsn/sub-chapter-2304/"
---

# HSN Sub-chapter 2304: Soybean oilcake

Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil

Part of [Chapter 23: Residues and Waste from Food Industries; Animal Fodder](https://busy.in/hsn/chapter-23/).

- Current GST rate: 5%
- Earlier GST rate: 5%

## HSN codes

| Code | Title |
| --- | --- |
| 23040010 | [Sodium Naphthionate (Aromatic Monoamine)](https://busy.in/hsn/hsn-23040010/) |
| 23040020 | [Oil-Cake Of Soyabean, Solvent Extracted](https://busy.in/hsn/hsn-23040020/) |
| 23040030 | [Soyabean Meal, Solvent Extracted, Defatted](https://busy.in/hsn/hsn-23040030/) |
| 23040090 | [Oilcake From Soybean Extraction](https://busy.in/hsn/hsn-23040090/) |

## Frequently asked questions

### What products are classified under HSN 2304

It includes Soybean oilcake

### What misclassification mistakes happen with Soybean oilcake?

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.

### Do spares or accessories of Soybean oilcake follow the same 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.

### Is the composition scheme suitable if I mainly trade Soybean oilcake?

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.

### How do I bill a kit or combo that includes Soybean oilcake?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

### How should I document Soybean oilcake sent for job work?

Use a delivery challan for sending Soybean oilcake 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.

### Can reverse charge ever apply to transactions involving Soybean oilcake?

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

## India's trade performance: HSN Sub-Chapter 2304 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹7,210 Cr (−16.03% YoY) — 0.1947% of India's total exports
- Imports: ₹63 Cr (−63.03% YoY) — 0.0010% of India's total imports
- Trade balance: ₹7,147 Cr (Surplus); surplus rank #49 of 1233 sub-chapters
- Share of Chapter 23: 38.49% of its exports; import side 1.07%
- Rank within Chapter 23: #1 of 9 by export value; import-side #5

### Key metrics

- Export CAGR: -1.25% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #95 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +149.22% in FY 2020-21
- Contribution to Ch. 23: 38.49% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 2304

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 23 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 23 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 7,773.85 | 0.3387% | — | 57.96% | 114.97 | 0.0032% | — | 2.57% | +7,658.88 | #48 |
| FY 2019-20 | 3,351.52 | 0.1517% | −56.89% | 40.56% | 6.61 | 0.0002% | −94.25% | 0.13% | +3,344.91 | #124 |
| FY 2020-21 | 8,352.69 | 0.3883% | +149.22% | 56.02% | 96.63 | 0.0033% | +1,361.88% | 1.94% | +8,256.06 | #40 |
| FY 2021-22 | 4,123.34 | 0.1314% | −50.63% | 34.92% | 2,973.36 | 0.0651% | +2,977.06% | 32.00% | +1,149.98 | #141 |
| FY 2022-23 | 6,957.06 | 0.1921% | +68.72% | 34.37% | 926.78 | 0.0161% | −68.83% | 14.63% | +6,030.28 | #91 |
| FY 2023-24 | 8,586.87 | 0.2373% | +23.43% | 37.27% | 171.62 | 0.0031% | −81.48% | 3.21% | +8,415.25 | #73 |
| FY 2024-25 | 7,210.00 | 0.1947% | −16.03% | 38.49% | 63.45 | 0.0010% | −63.03% | 1.07% | +7,146.55 | #95 |

- CAGR (7-year): exports -1.25%/yr, imports -9.43%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 2304 export-import analysis

### Export decline: -1.25% CAGR over 7 years

India's exports under HSN Sub-Chapter 2304 have declined at a compound annual rate of -1.25% over 7 fiscal years, falling from ₹7,773.85 Crore in FY 2018-19 to ₹7,210.00 Crore in FY 2024-25.

### HSN Sub-Chapter 2304 ranked #95 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 2304 ranks #95 out of 1233 sub-chapters by total export value. Within Chapter 23, it ranks #1 of 9. By trade surplus, it ranks #49 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 2304 exports

The strongest single-year export movement for HSN Sub-Chapter 2304 was recorded in FY 2020-21, when exports surged by 149.22% over the prior year.

### India maintains a trade surplus of ₹7,146.55 Crore in HSN Sub-Chapter 2304 goods

In FY 2024-25, India's exports of ₹7,210.00 Cr exceeded imports of ₹63.45 Cr, resulting in a trade surplus of ₹7,146.55 Crore — ranking #49 of 1233 by surplus magnitude.

### Import growth of -9.43% CAGR signals stable import dependency for Soybean oilcake

India's imports under HSN Sub-Chapter 2304 have grown at -9.43% CAGR, reaching ₹63.45 Crore in FY 2024-25.

### HSN Sub-Chapter 2304 contributes 38.49% of Chapter 23 exports — ranked #1

Among the 9 sub-chapters under Chapter 23, HSN Sub-Chapter 2304 ranks #1 by export value — accounting for 38.49% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.07% share (rank #5).

## Related Sub-Chapters in Chapter 23

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | HSN Sub-Chapter 2304: Soybean oilcake (this hsn sub-chapter) | ₹7,210 Cr |
| #2 | [HSN Sub-Chapter 2306: Oil-cake from vegetable fats or oils](https://busy.in/hsn/sub-chapter-2306/) | ₹4,106 Cr |
| #3 | [HSN Sub-Chapter 2309: Preparations for animal feeding](https://busy.in/hsn/sub-chapter-2309/) | ₹3,549 Cr |
| #4 | [HSN Sub-Chapter 2301: Meat & Fish Byproducts](https://busy.in/hsn/sub-chapter-2301/) | ₹2,278 Cr |
| #5 | [HSN Sub-Chapter 2303: Starch and sugar residues](https://busy.in/hsn/sub-chapter-2303/) | ₹887 Cr |
| #6 | [HSN Sub-Chapter 2302: Milling residues](https://busy.in/hsn/sub-chapter-2302/) | ₹626 Cr |
| #7 | [HSN Sub-Chapter 2305: Oil cake residues](https://busy.in/hsn/sub-chapter-2305/) | ₹72 Cr |
| #8 | [HSN Sub-Chapter 2308: Vegetable materials for animal feed](https://busy.in/hsn/sub-chapter-2308/) | ₹5 Cr |
| — | [HSN Sub-Chapter 2307: Wine lees; argol](https://busy.in/hsn/sub-chapter-2307/) | Nil |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 2301 | [Meat & Fish Byproducts](https://busy.in/hsn/sub-chapter-2301/) |
| 2302 | [Milling residues](https://busy.in/hsn/sub-chapter-2302/) |
| 2303 | [Starch and sugar residues](https://busy.in/hsn/sub-chapter-2303/) |
| 2305 | [Oil cake residues](https://busy.in/hsn/sub-chapter-2305/) |
| 2306 | [Oil-cake from vegetable fats or oils](https://busy.in/hsn/sub-chapter-2306/) |
| 2307 | [Wine lees; argol](https://busy.in/hsn/sub-chapter-2307/) |
| 2308 | [Vegetable materials for animal feed](https://busy.in/hsn/sub-chapter-2308/) |
| 2309 | [Preparations for animal feeding](https://busy.in/hsn/sub-chapter-2309/) |