23069016 is the designated HSN classification for 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled), categorized under Chapter 23 – Residues And Waste From The F in the GST tariff structure. Businesses involved in trading, manufacturing, or importing 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled) must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
HSN Codes under Chapter 23 – Residues And Waste From The F
Below are related HSN codes from Chapter 23 – Residues And Waste From The F for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Residues And Waste From The F... | 23011010 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23011090 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 0.025 | 0.025 | 0.05 |
| Residues And Waste From The F... | 23012011 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23012019 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23012090 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 0.025 | 0.025 | 0.05 |
| Residues And Waste From The F... | 23021010 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23021090 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23022010 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23022020 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23022090 | Bran, Sharps And Other Residues, Whetheror Not In ... | 0.025 | 0.025 | 0.05 |
GST Rates for HSN 23069016
Goods classified as 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled) under HSN 23069016 are taxed based on transaction type. Local sales attract CGST at 2.50% plus SGST/UTGST at 2.50%. For supplies crossing state boundaries, IGST at 5.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 23 – Residues And Waste From The F products.
Who Should Use HSN Code 23069016?
Every entity transacting in 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled) must quote HSN Code 23069016 on invoices. This includes traders, distributors, and e-commerce sellers operating under Residues And Waste From The F. Chapter 23 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled)? GST registration is mandatory for collecting and remitting taxes on HSN 23069016 goods. Companies planning international trade within Residues And Waste From The F must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Proper use of HSN Code 23069016 for 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled) streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 23 – Residues And Waste From The F through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
The standard unit of measurement for 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled) under HSN Code 23069016 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Yes, businesses dealing in 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled) must use HSN 23069016 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 23069016 for Residues And Waste From The F goods before invoicing.
Yes, AD Code registration is required for exporters dealing in 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Sal (De-Oiled) under Residues And Waste From The F. This registration links your bank account to process foreign currency payments from overseas buyers.
