--- title: "HSN Code for Invert sugar/syrup (>50% fructose) – Caramel | HSN 17029040 GST Rate" description: "Find HSN and GST Rates for 17029040 related to Invert sugar/syrup (>50% fructose) – Caramel with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-17029040/" --- # HSN Code 17029040: Invert sugar/syrup (>50% fructose) – Caramel - [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 : Caramel | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 17029040 ? It includes Invert sugar/syrup (>50% fructose) – Caramel ### How should mixed supplies be billed when Invert sugar/syrup (>50% fructose) – Caramel 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) – Caramel; Nil for exempt items if applicable). ### How much GST applies to Invert sugar/syrup (>50% fructose) – Caramel? Under HSN 17029040, Invert sugar/syrup (>50% fructose) – Caramel 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) – Caramel? 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. ### Any common misclassification issue with Invert sugar/syrup (>50% fructose) – Caramel? 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. ### Can we claim ITC on inputs used to trade Invert sugar/syrup (>50% fructose) – Caramel? 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 17029040 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹69 Cr (+25.87% YoY) — 0.0019% of India's total exports - Imports: ₹2 Cr (−34.48% YoY) — 0.0000% of India's total imports - Trade balance: ₹67 Cr (Surplus); surplus rank #1925 of 12657 HSN codes - Share of Sub-Chapter 1702: 6.19% of its exports; import side 0.20% - Rank within Sub-Chapter 1702: #5 of 23 by export value; import-side #15 ### Key metrics - Export CAGR: 23.00% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #3170 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +46.45% in FY 2023-24 - Contribution to Sub-Ch. 1702: 6.19% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 17029040 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 | 20.02 | 0.0009% | — | 3.80% | 3.83 | 0.0001% | — | 0.72% | +16.19 | #4103 | | FY 2019-20 | 19.09 | 0.0009% | −4.65% | 5.30% | 3.66 | 0.0001% | −4.44% | 0.62% | +15.43 | #4176 | | FY 2020-21 | 22.75 | 0.0011% | +19.17% | 4.23% | < ₹1 Crore | 0.0000% | −74.86% | 0.13% | +21.83 | #4024 | | FY 2021-22 | 27.79 | 0.0009% | +22.15% | 2.76% | < ₹1 Crore | 0.0000% | −28.26% | 0.08% | +27.13 | #4135 | | FY 2022-23 | 37.61 | 0.0010% | +35.34% | 3.25% | 3.45 | 0.0001% | +422.73% | 0.37% | +34.16 | #3856 | | FY 2023-24 | 55.08 | 0.0015% | +46.45% | 4.19% | 3.48 | 0.0001% | +0.87% | 0.30% | +51.60 | #3390 | | FY 2024-25 | 69.33 | 0.0019% | +25.87% | 6.19% | 2.28 | 0.0000% | −34.48% | 0.20% | +67.05 | #3170 | - CAGR (7-year): exports 23.00%/yr, imports -8.28%/yr (consistently Surplus) ## Key trade insights: HSN Code 17029040 export-import analysis ### Consistent export growth: 23.00% CAGR over 7 years India's exports under HSN Code 17029040 have grown at a compound annual rate of 23.00% over 7 fiscal years, rising from ₹20.02 Crore in FY 2018-19 to ₹69.33 Crore in FY 2024-25. ### HSN Code 17029040 ranked #3170 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 17029040 ranks #3170 out of 12657 HSN codes by total export value. Within Sub-Chapter 1702, it ranks #5 of 23. By trade surplus, it ranks #1925 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 17029040 exports The strongest single-year export movement for HSN Code 17029040 was recorded in FY 2023-24, when exports surged by 46.45% over the prior year. ### India maintains a trade surplus of ₹67.05 Crore in HSN Code 17029040 goods In FY 2024-25, India's exports of ₹69.33 Cr exceeded imports of ₹2.28 Cr, resulting in a trade surplus of ₹67.05 Crore — ranking #1925 of 12657 by surplus magnitude. ### Import growth of -8.28% CAGR signals stable import dependency for Invert sugar/syrup (>50% fructose) – Caramel India's imports under HSN Code 17029040 have grown at -8.28% CAGR, reaching ₹2.28 Crore in FY 2024-25. ### HSN Code 17029040 contributes 6.19% of Sub-Chapter 1702 exports — ranked #5 Among the 23 HSN codes under Sub-Chapter 1702, HSN Code 17029040 ranks #5 by export value — accounting for 6.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.20% share (rank #15). ## 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 (this hsn code) | ₹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 |