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HSN CODE - 23050020 : OIL-CAKE AND OIL-CAKE MEAL OF GROUNDNUT SLVNT EXTRACTED VARITY(DEFATTED)
| HSN CODE | Description | Policy |
|---|---|---|
| 2305 | OIL-CAKE AND OTHER SOLID RESIDUES, WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF GROUND-NUT OIL | |
| 230500 | Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of ground-nut oil | |
| 23050020 | OIL-CAKE AND OIL-CAKE MEAL OF GROUNDNUT SLVNT EXTRACTED VARITY(DEFATTED) | Free |
Harmonised System of Nomenclature (HSN Codes) 23050020 are used for the OIL-CAKE AND OIL-CAKE MEAL OF GROUNDNUT SLVNT EXTRACTED VARITY(DEFATTED) products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 23050020
First two digits (23) represent the chapter number which is Chapter 23 - Residues and waste from the food industries; prepared animal fodder.
Next two digits (05) represent the heading number which is OIL-CAKE AND OTHER SOLID RESIDUES, WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF GROUND-NUT OIL
Next two digits (00) represent the product code which is Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of ground-nut oil
Last two digits (20) are for final or deeper classification which is OIL-CAKE AND OIL-CAKE MEAL OF GROUNDNUT SLVNT EXTRACTED VARITY(DEFATTED)
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.