Consistent Export Growth: 6.91% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2306 have grown at a compound annual rate of 6.91% over 7 fiscal years, rising from ₹2,750.28 Crore in FY 2018-19 to ₹4,106.42 Crore in FY 2024-25.
HSN Sub Chapter 2306 represents Oil-cake from vegetable fats or oils under GST classification. This code helps businesses identify Oil-cake from vegetable fats or oils correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2306, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Oil-cake from vegetable fats or oils.
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GST Rate for Oil-cake from vegetable fats or oils under HSN Code 2306. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Oil-cake from vegetable fats or oils.
Tariff HSN
Description
Of cotton seeds : Oil-cake and oil-cake meal, decorticated expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of cotton seeds : Oil-cake and oil-cake meal, decorticated, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of cotton seeds : Oil-cake and oil-cake meal, undecorticated, expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of cotton seeds : Oil-cake and oil-cake meal, undecorticated, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of cotton seeds : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of linseed : Oil-cake and oil-cake meal, expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of linseed : Oil-cake and oil-cake meal, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of linseed : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of sunflower seeds : Oil-cake and oil-cake meal, expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of sunflower seeds : Oil-cake and oil-cake meal, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of sunflower seeds : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of rape or colza seeds : Of low erucic acid rape or colza seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of rape or colza seeds : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of coconut or copra : Oil-cake and oil-cake meal, expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of coconut or copra : Oil-cake and oil-cake meal, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of coconut or copra : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Of palm nuts or kernels (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Oil-cake and other solid residues, whether or not ground or in the form ofpellets, resulting from the extraction ofvegetable fats or oils, other than thoseof heading 2304 or 2305 of maize (corn) germ
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of mowra seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of mustard seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of niger seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of seasamum seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of mango kernel (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of sal (de-oiled) (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of castor seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of neem seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, expeller variety : Of other seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of mustard seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of niger seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of cardi seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of seasamum seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of mango kernel (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of sal (de-oiled) (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of castor seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of neem seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Oil-cake and oil-cake meal, solvent extracted (defatted) variety : Of other seeds (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Residues babool seed extraction (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Tariff HSN
Description
Other : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
India’s Exports
FY 2024-25₹4,106 Cr
0.1109% of India’s total exports
India’s Imports
FY 2024-25₹780 Cr
0.0128% of India’s total imports
Trade Balance
FY 2024-25₹3,327 Cr
Surplus rank #94 of 1233 subchapters
% of Chapter 23
FY 2024-2521.92%
Share of Chapter 23’s total exports in FY 2024-25
Import side: 13.18% of Chapter 23’s imports
Rank Within Chapter 23
FY 2024-25#2 of 9
Position by export value among subchapters in Chapter 23
Import-side rank: #2 of 9
At a glance
6.91%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#150
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+66.26%
Peak Growth Year
FY 2022-23 · strongest single-year move
21.92%
Contribution to Ch. 23
Share of Chapter 23 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
+1,996.07
Exports
2,750.28 ₹ Cr
0.1198% share
— YoY
20.50% of Ch. 23
Imports
754.21 ₹ Cr
0.0210% share
— YoY
16.84% of Ch. 23
Balance
+983.90
Exports
2,496.52 ₹ Cr
0.1130% share
−9.23% YoY
30.21% of Ch. 23
Imports
1,512.62 ₹ Cr
0.0451% share
+100.56% YoY
29.86% of Ch. 23
Balance
+2,315.81
Exports
3,236.79 ₹ Cr
0.1505% share
+29.65% YoY
21.71% of Ch. 23
Imports
920.98 ₹ Cr
0.0316% share
−39.11% YoY
18.52% of Ch. 23
Balance
+1,981.61
Exports
3,550.06 ₹ Cr
0.1131% share
+9.68% YoY
30.06% of Ch. 23
Imports
1,568.45 ₹ Cr
0.0343% share
+70.30% YoY
16.88% of Ch. 23
Balance
+5,185.55
Exports
5,902.19 ₹ Cr
0.1630% share
+66.26% YoY
29.16% of Ch. 23
Imports
716.64 ₹ Cr
0.0125% share
−54.31% YoY
11.32% of Ch. 23
Balance
+4,649.61
Exports
5,520.20 ₹ Cr
0.1526% share
−6.47% YoY
23.96% of Ch. 23
Imports
870.59 ₹ Cr
0.0155% share
+21.48% YoY
16.30% of Ch. 23
Balance
+3,326.65
Exports
4,106.42 ₹ Cr
0.1109% share
−25.61% YoY
21.92% of Ch. 23
Imports
779.77 ₹ Cr
0.0128% share
−10.43% YoY
13.18% of Ch. 23
CAGR · 7-Year
Exports
6.91% /yr
Imports
0.56% /yr
reference, FY 2024-25
Export
₹18,732.91 Cr
Import
₹5,915.30 Cr
Trade Balance
+12,817.61
India's exports under HSN Sub-Chapter 2306 have grown at a compound annual rate of 6.91% over 7 fiscal years, rising from ₹2,750.28 Crore in FY 2018-19 to ₹4,106.42 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2306 ranks #150 out of 1233 subchapters by total export value. Within Chapter 23, it ranks #2 of 9. By trade surplus, it ranks #94 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2306 was recorded in FY 2022-23, when exports surged by 66.26% over the prior year.
In FY 2024-25, India's exports of ₹4,106.42 Cr exceeded imports of ₹779.77 Cr, resulting in a trade surplus of ₹3,326.65 Crore — ranking #94 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2306 have grown at 0.56% CAGR, reaching ₹779.77 Crore in FY 2024-25.
Among the 9 subchapters under Chapter 23, HSN Sub-Chapter 2306 ranks #2 by export value — accounting for 21.92% of the chapter's total exports in FY 2024-25. On the import side, it holds 13.18% 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 2306 and GST compliance.
It includes Oil-cake from vegetable fats or oils
If your outward supply of Oil-cake from vegetable fats or oils 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.
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.
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.
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.
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.
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.