23040020Tariff Item (8-digit)Section IV

HSN Code 23040020 – Oil-Cake Of Soyabean, Solvent Extracted (Defatted) Variety

Full GST classification for Oil-Cake Of Soyabean, Solvent Extracted (Defatted) Variety — chapter, heading and tariff hierarchy, GST rate slabs and related HSN codes. Updated for India GST.

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HSN Code

23040020

Chapter

23

Digits

8-digit

Section

IV

What is HSN Code 23040020?

HSN code 23040020 is the Harmonized System of Nomenclature classification for Oil-Cake Of Soyabean, Solvent Extracted (Defatted) Variety under India's Goods and Services Tax (GST). It is a 8-digit code sitting at the tariff item (8-digit) level of the HSN hierarchy.

This code belongs to Chapter 23 — Residues And Waste From The Food Industries; Prepared Animal Fodder, which is part of Section IV: Prepared Foodstuffs, Beverages, Tobacco. Every GST-registered business supplying oil-cake of soyabean, solvent extracted (defatted) variety must quote HSN 23040020 (or the digit-length required for its turnover) on tax invoices and in GSTR-1.

Classification breakdown of 23040020

LevelCodeDescription
Chapter23residues and waste from the food industries; prepared animal fodder
Heading2304oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil
Sub-heading230400oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil:
Tariff23040020oil-cake of soyabean, solvent extracted (defatted) variety

GST rate for HSN 23040020

Goods under HSN 23040020 attract GST at one of the five standard slabs. The exact rate depends on the specific product and the latest GST Council notification — always confirm before invoicing.

0%

Nil / Exempt

Fresh produce, milk, cereals, books

5%

Merit rate

Essentials, packaged food, transport

12%

Standard-low

Processed food, mobiles, apparel > ₹1,000

18%

Standard

Most goods, electronics, services

28%

Demerit / luxury

Cars, cement, aerated drinks, tobacco

Find the exact GST rate for Oil-Cake Of Soyabean, Solvent Extracted (Defatted) Variety →

HSN Code 23040020 — FAQs

What is HSN code 23040020?

HSN code 23040020 classifies "Oil-Cake Of Soyabean, Solvent Extracted (Defatted) Variety" under India's GST regime. It falls under Chapter 23 (Residues And Waste From The Food Industries; Prepared Animal Fodder) of the Harmonized System of Nomenclature.

How many digits is HSN code 23040020?

23040020 is a 8-digit HSN code — a tariff item (8-digit). Businesses declare 4-digit HSN (turnover up to ₹5 crore) or 6-digit HSN (above ₹5 crore) on GST invoices; 8-digit codes are used for exports and imports.

What is the GST rate for HSN code 23040020?

Goods under HSN 23040020 are taxed at one of the GST slabs — 0%, 5%, 12%, 18% or 28% — depending on the exact product and the latest GST Council notification. Use the Laabam.One GST Rate Finder to confirm the current rate for Oil-Cake Of Soyabean, Solvent Extracted (Defatted) Variety.

Which chapter does HSN code 23040020 belong to?

HSN 23040020 belongs to Chapter 23 — Residues And Waste From The Food Industries; Prepared Animal Fodder, part of Section IV: Prepared Foodstuffs, Beverages, Tobacco.

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