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Published on:
February 25, 2023
By
Prudhvi Raj

GST Rates and HSN Code for Other Oil Seeds and Oleaginous Fruits

India is one of the largest producers of oilseeds and oleaginous fruits in the world. These commodities are widely used in various industries, including the food, pharmaceutical, and cosmetic industries. As a business owner dealing with these commodities, it is essential to understand the GST rates and HSN code applicable to them.

What are Other Oil Seeds and Oleaginous Fruits?

Other Oil Seeds and Oleaginous Fruits are defined under HSN code 1207. This HSN code covers a wide range of commodities that are used for their oil content. Some of the commodities covered under this HSN code include:

  • Sesame seeds
  • Mustard seeds
  • Safflower seeds
  • Linseed
  • Castor seeds
  • Cotton seeds
  • Sunflower seeds
  • Groundnuts
  • Palm nuts and kernels
  • Coconuts
  • Almonds
  • Walnuts
  • Cashew nuts

GST Rates for Other Oil Seeds and Oleaginous Fruits

The GST rates for Other Oil Seeds and Oleaginous Fruits vary depending on the commodity. The GST rates are as follows:

CommodityHSN CodeGST RateSesame seeds1207 40 105%Mustard seeds1207 50 105%Safflower seeds1207 60 105%Linseed1207 70 105%Castor seeds1207 91 105%Cotton seeds1207 99 105%Sunflower seeds1207 50 905%Groundnuts1207 40 205%Palm nuts and kernels1207 99 905%Coconuts1207 41 000%Almonds1207 21 005%Walnuts1207 29 005%Cashew nuts0801 32 405%

Note that the GST rates for these commodities are subject to change. It is recommended to check the latest GST rates before filing your GST returns.

HSN Code for Other Oil Seeds and Oleaginous Fruits

The HSN code for Other Oil Seeds and Oleaginous Fruits is 1207. This HSN code is further divided into subcategories based on the commodity. The subcategories and their HSN codes are as follows:

  • Sesame seeds - 1207 40 10
  • Mustard seeds - 1207 50 10
  • Safflower seeds - 1207 60 10
  • Linseed - 1207 70 10
  • Castor seeds - 1207 91 10
  • Cotton seeds - 1207 99 10
  • Sunflower seeds - 1207 50 90
  • Groundnuts - 1207 40 20
  • Palm nuts and kernels - 1207 99 90
  • Coconuts - 1207 41 00
  • Almonds - 1207 21 00
  • Walnuts - 1207 29 00
  • Cashew nuts - 0801 32 40

It is important to use the correct HSN code when filing your GST returns. Using the wrong HSN code can lead to penalties and fines.

Conclusion

Understanding the GST rates and HSN code for Other Oil Seeds and Oleaginous Fruits is crucial for business owners dealing with these commodities. The GST rates for these commodities vary depending on the commodity, and it is essential to check the latest rates before filing your GST returns. Additionally, using the correct HSN code is necessary to avoid penalties and fines.

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