--- title: "HSN Code for Invert sugar/syrup (>50% fructose) – Palmyra sugar | HSN 17029010 GST Rate" description: "Find HSN and GST Rates for 17029010 related to Invert sugar/syrup (>50% fructose) – Palmyra sugar with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-17029010/" --- # HSN Code 17029010: Invert sugar/syrup (>50% fructose) – Palmyra sugar - [Section 04: Guide to HSN Section 04](https://busy.in/hsn/section-04/) - [Chapter 17: Sugars and Sugar Confectionery](https://busy.in/hsn/chapter-17/) - [Sub-chapter 1702: Lactose and sugars](https://busy.in/hsn/sub-chapter-1702/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other, including invert sugar and other sugar and sugar syrup blends containing in the dry state 50% by weight of fructose : Palmyra sugar | 2.5% | 2.5% | 5% | 0% | ## Frequently asked questions ### What products are classified under HSN 17029010 ? It includes Invert sugar/syrup (>50% fructose) – Palmyra sugar ### Any common misclassification issue with Invert sugar/syrup (>50% fructose) – Palmyra sugar? Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection. ### How much GST applies to Invert sugar/syrup (>50% fructose) – Palmyra sugar? Under HSN 17029010, Invert sugar/syrup (>50% fructose) – Palmyra sugar attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Does packaging or labelling change the GST for Invert sugar/syrup (>50% fructose) – Palmyra sugar? For many agri/food items, GST applies at 5% when they are not fresh/chilled and are sold as pre‑packaged & labelled. Loose or fresh/chilled forms may be Nil. ### Can we claim ITC on inputs used to trade Invert sugar/syrup (>50% fructose) – Palmyra sugar? If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Invert sugar/syrup (>50% fructose) – Palmyra sugar is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Invert sugar/syrup (>50% fructose) – Palmyra sugar; Nil for exempt items if applicable). ## India's trade performance: HSN Code 17029010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹22 Cr (+1.36% YoY) — 0.0006% of India's total exports - Imports: < ₹1 Crore (+31.37% YoY) — 0.0000% of India's total imports - Trade balance: ₹21 Cr (Surplus); surplus rank #2789 of 12657 HSN codes - Share of Sub-Chapter 1702: 1.93% of its exports; import side 0.06% - Rank within Sub-Chapter 1702: #7 of 23 by export value; import-side #17 ### Key metrics - Export CAGR: -1.33% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4774 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +40.32% in FY 2020-21 - Contribution to Sub-Ch. 1702: 1.93% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 17029010 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 1702 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1702 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 23.41 | 0.0010% | — | 4.44% | < ₹1 Crore | 0.0000% | — | 0.13% | +22.73 | #3899 | | FY 2019-20 | 26.81 | 0.0012% | +14.52% | 7.44% | 6.01 | 0.0002% | +783.82% | 1.02% | +20.80 | #3745 | | FY 2020-21 | 37.62 | 0.0017% | +40.32% | 7.00% | 2.11 | 0.0001% | −64.89% | 0.29% | +35.51 | #3352 | | FY 2021-22 | 27.49 | 0.0009% | −26.93% | 2.73% | < ₹1 Crore | 0.0000% | −67.30% | 0.09% | +26.80 | #4148 | | FY 2022-23 | 17.94 | 0.0005% | −34.74% | 1.55% | < ₹1 Crore | 0.0000% | +14.49% | 0.08% | +17.15 | #4813 | | FY 2023-24 | 21.31 | 0.0006% | +18.78% | 1.62% | < ₹1 Crore | 0.0000% | −35.44% | 0.04% | +20.80 | #4691 | | FY 2024-25 | 21.60 | 0.0006% | +1.36% | 1.93% | < ₹1 Crore | 0.0000% | +31.37% | 0.06% | +20.93 | #4774 | - CAGR (7-year): exports -1.33%/yr, imports -0.25%/yr (consistently Surplus) ## Key trade insights: HSN Code 17029010 export-import analysis ### Export decline: -1.33% CAGR over 7 years India's exports under HSN Code 17029010 have declined at a compound annual rate of -1.33% over 7 fiscal years, falling from ₹23.41 Crore in FY 2018-19 to ₹21.60 Crore in FY 2024-25. ### HSN Code 17029010 ranked #4774 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 17029010 ranks #4774 out of 12657 HSN codes by total export value. Within Sub-Chapter 1702, it ranks #7 of 23. By trade surplus, it ranks #2789 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 17029010 exports The strongest single-year export movement for HSN Code 17029010 was recorded in FY 2020-21, when exports surged by 40.32% over the prior year. ### India maintains a trade surplus of ₹20.93 Crore in HSN Code 17029010 goods In FY 2024-25, India's exports of ₹21.60 Cr exceeded imports of ₹0.67 Cr, resulting in a trade surplus of ₹20.93 Crore — ranking #2789 of 12657 by surplus magnitude. ### Import growth of -0.25% CAGR signals stable import dependency for Invert sugar/syrup (>50% fructose) – Palmyra sugar India's imports under HSN Code 17029010 have grown at -0.25% CAGR, reaching ₹0.67 Crore in FY 2024-25. ### HSN Code 17029010 contributes 1.93% of Sub-Chapter 1702 exports — ranked #7 Among the 23 HSN codes under Sub-Chapter 1702, HSN Code 17029010 ranks #7 by export value — accounting for 1.93% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.06% share (rank #17). ## Related HSN Codes in Sub-Chapter 1702 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 17023010: Glucose/glucose syrup (<20% fructose) - Liquid](https://busy.in/hsn/hsn-17023010/) | ₹444 Cr | | #2 | [HSN Code 17029090: Jaggery, Cane Sugar, and Non-Packaged Khandsari Sugar](https://busy.in/hsn/hsn-17029090/) | ₹264 Cr | | #3 | [HSN Code 17023031: Glucose/glucose syrup (<20% fructose) - Dextrose - Solid](https://busy.in/hsn/hsn-17023031/) | ₹151 Cr | | #4 | [HSN Code 17023020: Glucose/glucose syrup (<20% fructose) - Solid](https://busy.in/hsn/hsn-17023020/) | ₹92 Cr | | #5 | [HSN Code 17029040: Invert sugar/syrup (>50% fructose) – Caramel](https://busy.in/hsn/hsn-17029040/) | ₹69 Cr | | #6 | [HSN Code 17021190: Lactose & lactose syrup – 99%+ lactose – Other](https://busy.in/hsn/hsn-17021190/) | ₹42 Cr | | #7 | HSN Code 17029010: Invert sugar/syrup (>50% fructose) – Palmyra sugar (this hsn code) | ₹22 Cr | | #8 | [HSN Code 17021110: Lactose & lactose syrup – 99%+ lactose – Solid form](https://busy.in/hsn/hsn-17021110/) | ₹17 Cr | | #9 | [HSN Code 17029030: Artificial Honey](https://busy.in/hsn/hsn-17029030/) | ₹10 Cr | | #10 | [HSN Code 17023039: Glucose & glucose syrup (<20% fructose) - Dextrose](https://busy.in/hsn/hsn-17023039/) | ₹2 Cr |