HS Code Guide · EPM Subvention
HS Code 080132 Meaning — Cashew nuts, shelled: Global Trade, India & Factoring Guide
HS 080132 covers cashew nuts, shelled. This guide explains what the code includes, its global trade, India's position, how GIFT City helps factor it, and whether MSME factoring qualifies for the 2.75% interest subvention.
What this HS code covers
HS 080132 sits in 08 — Edible fruits & nuts. Official tariff description: “Nuts, edible; cashew nuts, fresh or dried, shelled” In plain terms, it covers cashew nuts, shelled. Classification decides duty and documents; this 6-digit line is in the DGFT positive list (Trade Notice 25/2025-26 Annex V), so MSME factoring under it qualifies for the 2.75% subvention — details below.
What is HS 080132?
HS 080132 covers shelled cashew nuts — kernels (WW, SW, splits) fresh or dried — after removal of the in-shell husk (080131 is in-shell).
Official description: Nuts, edible; cashew nuts, fresh or dried, shelled
What HS 080132 does in trade
- Distinguishes shelled kernels (value-added) from in-shell raw cashew (RCN) — different duty, different buyer, different factoring risk.
- Is in the positive list — so MSME export factoring for shelled cashew qualifies for 2.75% subvention on the interest element.
- Enables grade-based pricing (WW320 etc.) to be written into the invoice and factored — factor advances 70–90% after invoice verification.
Global perspective — where HS 080132 moves
World trade is RCN (raw) from West Africa → processing in Vietnam/India → kernel exports to US/EU/Middle East. Vietnam and India together process ~70% of global kernels. Shelled kernel is the high-value node.
| Top global exporters | Top global importers |
|---|---|
| Vietnam | United States |
| India | Netherlands |
| Côte d'Ivoire | Germany |
| Nigeria | United Kingdom |
| Tanzania | UAE |
India's stance on HS 080132
India is #2 kernel exporter and #1 RCN importer — Kollam (Kerala) and coastal AP/TN are processing hubs. Cashew Export Promotion Council (CEPC) supports MSMEs. Exports are kernel-centric; viability depends on RCN price vs kernel realisation.
Export docs to watch
Exports need CEPC RCMC, phytosanitary certificate, and for EU/US aflatoxin compliance. Grade must match contract/invoice.
GIFT City — factoring HS 080132 in foreign currency
Cashew kernel receivables are USD/EUR-centric to US/EU buyers — GIFT City factoring keeps FX in foreign currency and still captures the 2.75% subvention.
Trad can route eligible invoices via an IFSCA-regulated IBU or Finance Company/Finance Unit undertaking factoring in GIFT City. The 2.75% subvention is identical whether you factor via India (RBI-regulated) or GIFT City (IFSCA-regulated) — the choice is about currency, banking relationship and buyer location, not the benefit rate.
Common financing stack for this HS
Factoring advances 70–90% in 24–48 hours after invoice verification; balance minus discount/fees on buyer payment. Works alongside packing credit — factoring covers the post-shipment open-account gap.
MSME subvention — is HS 080132 eligible for 2.75%?
Yes — HS 080132 is in the positive list (Trade Notice 25/2025-26 Annex V). MSMEs involved in international value chains with a valid active IEC (not in DEL) and valid Udyam can claim 2.75% per annum on the factoring interest cost element when factoring via an RBI/IFSCA-regulated entity.
| Check | For HS 080132 |
|---|---|
| In positive list (HS-6) | Yes — 080132 listed in Annex V |
| Benefit | 2.75% p.a. on interest cost element |
| Annual cap | ₹50 lakh per MSME per FY |
| Valid from | Prospectively from 20 Feb 2026 |
| Need UIN per factor? | Yes — declaration of intent before factoring, valid till FY-end |
| Eligible factors | RBI-regulated (AD bank / factoring NBFC) or IFSCA-regulated (GIFT IBU/FC) |
| Not covered | Deemed exports (FTP Ch.7) & exports to SEZs |
Eight-digit HS? Use first 6 digits
Eligibility is at HS-6. If your 8-digit HS (e.g. 08013210) starts with 080132, it inherits this eligibility. Verify on the HS checker — enter 6 or 8 digits.
Check HS 080132 — free
Verify any 6 or 8-digit HS against the DGFT positive list and see the 2.75% factoring eligibility in seconds.
Open HS checkerFrequently asked questions
What is HS 080132 — Cashew nuts, shelled?
HS 080132 covers shelled cashew nuts — kernels (WW, SW, splits) fresh or dried — after removal of the in-shell husk (080131 is in-shell).
Is HS 080132 eligible for the 2.75% interest subvention?
Yes. HS 080132 is in the DGFT positive list (Trade Notice 25/2025-26 Annex V, 4139 HS-6 lines). MSMEs factoring exports under this line via RBI/IFSCA-regulated factors can claim 2.75% per annum on the interest cost element, capped at ₹50 lakh per MSME per year, prospectively from 20 Feb 2026. Requires valid IEC (not in DEL), valid Udyam, and a UIN per factor obtained before factoring.
Who can claim the 2.75% for HS 080132 and how?
MSMEs (as defined by Ministry of MSME) with active IEC and Udyam, factoring eligible exports of HS 080132 via RBI/IFSCA-regulated entities. File a declaration of intent on the DGFT portal to get a UIN per factor (valid till FY-end), factor the invoice, the factor files monthly IEC-wise claims; subvention is credited to your IEC-linked bank account.
Can HS 080132 be factored via GIFT City?
Yes. IBUs and Finance Companies/Finance Units undertaking factoring in GIFT City (IFSCA-regulated) are eligible financial institutions under IFSCA circular 19 Mar 2026 and must extend the 2.75% benefit. Useful for USD/EUR receivables where you want foreign-currency factoring.
What does factoring for HS 080132 cost after subvention?
Indicatively, factoring discount/interest is priced commercially (often 8–12% p.a. depending on buyer, tenor, currency) plus factoring fee ~0.5–3% ⚠️. The 2.75% offsets only the interest element — e.g. a 9% interest cost becomes ~6.25% effective on that element if eligible. Fees/insurance/FX remain. Compare all-in cost.
Related HS codes
Compare HS 080132 with other MSME-export lines in the same chapter or family.
See all codes on the HS code guides hub, or read the 2.75% subvention deep-dive.