--- title: "HSN Code for Invert sugar/syrup (>50% fructose) – Chemically pure maltose | HSN 17029020 GST Rate" description: "Find HSN and GST Rates for 17029020 related to Invert sugar/syrup (>50% fructose) – Chemically pure maltose with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-17029020/" --- # HSN Code 17029020: Invert sugar/syrup (>50% fructose) – Chemically pure maltose - [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 : Chemically pure maltose | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 17029020 ? It includes Invert sugar/syrup (>50% fructose) – Chemically pure maltose ### Any common misclassification issue with Invert sugar/syrup (>50% fructose) – Chemically pure maltose? 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. ### Does packaging or labelling change the GST for Invert sugar/syrup (>50% fructose) – Chemically pure maltose? 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. ### How should mixed supplies be billed when Invert sugar/syrup (>50% fructose) – Chemically pure maltose 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) – Chemically pure maltose; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Invert sugar/syrup (>50% fructose) – Chemically pure maltose? Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Can we claim ITC on inputs used to trade Invert sugar/syrup (>50% fructose) – Chemically pure maltose? 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. ## India's trade performance: HSN Code 17029020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (−70.89% YoY) — 0.0000% of India's total exports - Imports: ₹21 Cr (+51.72% YoY) — 0.0003% of India's total imports - Trade balance: −₹20 Cr (Deficit); surplus rank #9572 of 12657 HSN codes - Share of Sub-Chapter 1702: 0.02% of its exports; import side 1.82% - Rank within Sub-Chapter 1702: #16 of 23 by export value; import-side #8 ### Key metrics - Export CAGR: 19.24% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #9345 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +450.00% in FY 2019-20 - Contribution to Sub-Ch. 1702: 0.02% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 17029020 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 | < ₹1 Crore | 0.0000% | — | 0.02% | < ₹1 Crore | 0.0000% | — | 0.10% | −0.44 | #9301 | | FY 2019-20 | < ₹1 Crore | 0.0000% | +450.00% | 0.12% | < ₹1 Crore | 0.0000% | −15.38% | 0.07% | 0.00 | #8291 | | FY 2020-21 | < ₹1 Crore | 0.0000% | −61.36% | 0.03% | < ₹1 Crore | 0.0000% | +31.82% | 0.08% | −0.41 | #8966 | | FY 2021-22 | < ₹1 Crore | 0.0000% | +394.12% | 0.08% | < ₹1 Crore | 0.0000% | +1.72% | 0.07% | +0.25 | #8136 | | FY 2022-23 | 1.63 | 0.0000% | +94.05% | 0.14% | 1.36 | 0.0000% | +130.51% | 0.15% | +0.27 | #7649 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −51.53% | 0.06% | 13.65 | 0.0002% | +903.68% | 1.16% | −12.86 | #8443 | | FY 2024-25 | < ₹1 Crore | 0.0000% | −70.89% | 0.02% | 20.71 | 0.0003% | +51.72% | 1.82% | −20.48 | #9345 | - CAGR (7-year): exports 19.24%/yr, imports 84.80%/yr (consistently Deficit) ## Key trade insights: HSN Code 17029020 export-import analysis ### Consistent export growth: 19.24% CAGR over 7 years India's exports under HSN Code 17029020 have grown at a compound annual rate of 19.24% over 7 fiscal years, rising from ₹0.08 Crore in FY 2018-19 to ₹0.23 Crore in FY 2024-25. ### HSN Code 17029020 ranked #9345 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 17029020 ranks #9345 out of 12657 HSN codes by total export value. Within Sub-Chapter 1702, it ranks #16 of 23. By trade surplus, it ranks #9572 of 12657. ### FY 2019-20 was the strongest growth year for HSN Code 17029020 exports The strongest single-year export movement for HSN Code 17029020 was recorded in FY 2019-20, when exports surged by 450.00% over the prior year. ### India records a trade deficit of ₹20.48 Crore in HSN Code 17029020 goods In FY 2024-25, India's imports of ₹20.71 Cr exceeded exports of ₹0.23 Cr, resulting in a trade deficit of ₹20.48 Crore — ranking #9572 of 12657 by surplus magnitude. ### Import growth of 84.80% CAGR signals rising demand for Invert sugar/syrup (>50% fructose) – Chemically pure maltose India's imports under HSN Code 17029020 have grown at 84.80% CAGR, reaching ₹20.71 Crore in FY 2024-25. ### HSN Code 17029020 contributes 0.02% of Sub-Chapter 1702 exports — ranked #16 Among the 23 HSN codes under Sub-Chapter 1702, HSN Code 17029020 ranks #16 by export value — accounting for 0.02% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.82% share (rank #8). ## 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](https://busy.in/hsn/hsn-17029010/) | ₹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 | | #16 | HSN Code 17029020: Invert sugar/syrup (>50% fructose) – Chemically pure maltose (this hsn code) | < ₹1 Crore |