HS Code Guide · EPM Subvention
HS Code 080620 Meaning — Grapes, dried (raisins etc.): Global Trade, India & Factoring Guide
HS 080620 covers grapes, dried (raisins etc.). 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 080620 sits in 08 — Edible fruits & nuts. Official tariff description: “Fruit, edible; grapes, dried” In plain terms, it covers grapes, dried (raisins etc.). 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 080620?
HS 080620 covers dried grapes — raisins, sultanas and currants — not fresh grapes (080610).
Official description: Fruit, edible; grapes, dried
What HS 080620 does in trade
- Separates raisins from fresh grapes — duty, shelf life and buyer differ.
- Is eligible — dried grapes are in the positive list, so factoring qualifies for 2.75%.
- Enables storable, seasonal factoring with 30–90 day terms to bakers/confectioners.
Global perspective — where HS 080620 moves
Global raisin trade ~0.7 MT, Turkey and US lead. Seasonality follows harvest; EU is the premium buyer.
| Top global exporters | Top global importers |
|---|---|
| Turkey | United Kingdom |
| United States | Germany |
| Iran | Netherlands |
| Afghanistan | Russia |
| China | Japan |
India's stance on HS 080620
India — Nashik (Maharashtra) is the raisin hub — is a top-10 raisin producer/exporter. APEDA. Exports go to EU, Russia and GCC.
Export docs to watch
Raisins need APEDA RCMC, phytosanitary and for EU pesticide/ochratoxin compliance.
GIFT City — factoring HS 080620 in foreign currency
Raisins are USD to EU — GIFT City FC factoring retains 2.75%.
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 080620 eligible for 2.75%?
Yes — HS 080620 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 080620 |
|---|---|
| In positive list (HS-6) | Yes — 080620 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. 08062010) starts with 080620, it inherits this eligibility. Verify on the HS checker — enter 6 or 8 digits.
Check HS 080620 — 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 080620 — Grapes, dried (raisins etc.)?
HS 080620 covers dried grapes — raisins, sultanas and currants — not fresh grapes (080610).
Is HS 080620 eligible for the 2.75% interest subvention?
Yes. HS 080620 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 080620 and how?
MSMEs (as defined by Ministry of MSME) with active IEC and Udyam, factoring eligible exports of HS 080620 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 080620 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 080620 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 080620 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.