HSN Code 29012200: Unsaturated | Propene (Propylene)

HSN Code 29012200 represents Unsaturated | Propene (Propylene) under GST classification. This code helps businesses identify Unsaturated | Propene (Propylene) correctly for billing, taxation, and trade. With HSN Code 29012200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Unsaturated | Propene (Propylene).

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 29012200

HSN Code 29012200 relates to the following description.

Description of Goods

Unsaturated : Propene (propylene)

Chapter

29 - Organic chemicals

Sub Chapter

2901 - Acyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29012200 not include?

Unsaturated | Propene (Propylene) does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29012200 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

< ₹1 Crore

First year of recorded data

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹3 Cr

−95.08% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

−₹2 Cr

Trade Deficit

Surplus rank #8279 of 12657 HSN codes

% of Sub-Chapter 2901

FY 2024-25

0.00%

Share of Sub-Chapter 2901’s total exports in FY 2024-25

Import side: 0.03% of Sub-Chapter 2901’s imports

Rank Within Sub-Chapter 2901

FY 2024-25

#8 of 10

Position by export value among HSN codes in Sub-Chapter 2901

Import-side rank: #8 of 10

At a glance

−78.82%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#10305

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+44.67%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.00%

Contribution to Sub-Ch. 2901

Share of Sub-Chapter 2901 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29012200

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #1230

Balance

+162.61

Exports

221.40 ₹ Cr

0.0097% share

— YoY

7.68% of Sub-Ch. 2901

Imports

58.79 ₹ Cr

0.0016% share

— YoY

0.76% of Sub-Ch. 2901

FY 2019-20 Exp. Rank #3129

Balance

−34.17

Exports

42.29 ₹ Cr

0.0019% share

−80.90% YoY

2.00% of Sub-Ch. 2901

Imports

76.46 ₹ Cr

0.0023% share

+30.06% YoY

1.31% of Sub-Ch. 2901

FY 2020-21 Exp. Rank #2650

Balance

+7.94

Exports

61.18 ₹ Cr

0.0028% share

+44.67% YoY

3.50% of Sub-Ch. 2901

Imports

53.24 ₹ Cr

0.0018% share

−30.37% YoY

0.92% of Sub-Ch. 2901

FY 2021-22

Balance

−262.48

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2901

Imports

262.48 ₹ Cr

0.0057% share

+393.01% YoY

3.51% of Sub-Ch. 2901

FY 2022-23 Exp. Rank #10292

Balance

−77.19

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2901

Imports

77.20 ₹ Cr

0.0013% share

−70.59% YoY

0.68% of Sub-Ch. 2901

FY 2023-24

Balance

−50.82

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2901

Imports

50.82 ₹ Cr

0.0009% share

−34.17% YoY

0.63% of Sub-Ch. 2901

FY 2024-25 Exp. Rank #10305

Balance

−2.48

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2901

Imports

2.50 ₹ Cr

0.0000% share

−95.08% YoY

0.03% of Sub-Ch. 2901

CAGR · 7-Year

Exports

−78.82% /yr

Imports

−40.92% /yr

Consistently Deficit
Sub-Chapter 2901 total

reference, FY 2024-25

Export

₹2,112.50 Cr

Import

₹8,095.09 Cr

Trade Balance

−5,982.59

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 29012200 Export-Import Analysis

Export Decline: −78.82% CAGR Over 7 Years

India's exports under HSN Code 29012200 have declined at a compound annual rate of −78.82% over 7 fiscal years, falling from ₹221.40 Crore in FY 2018-19 to ₹0.02 Crore in FY 2024-25.

HSN Code 29012200 Ranked #10305 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29012200 ranks #10305 out of 12657 HSN codes by total export value. Within Sub-Chapter 2901, it ranks #8 of 10. By trade surplus, it ranks #8279 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29012200 Exports

The strongest single-year export movement for HSN Code 29012200 was recorded in FY 2020-21, when exports surged by 44.67% over the prior year.

India Records a Trade Deficit of ₹2.48 Crore in HSN Code 29012200 Goods

In FY 2024-25, India's imports of ₹2.50 Cr exceeded exports of ₹0.02 Cr, resulting in a trade deficit of ₹2.48 Crore — ranking #8279 of 12657 by surplus magnitude.

Import Growth of −40.92% CAGR Signals Stable Import Dependency for Unsaturated | Propene (Propylene)

India's imports under HSN Code 29012200 have grown at −40.92% CAGR, reaching ₹2.50 Crore in FY 2024-25.

HSN Code 29012200 Contributes 0.00% of Sub-Chapter 2901 Exports — Ranked #8

Among the 10 HSN codes under Sub-Chapter 2901, HSN Code 29012200 ranks #8 by export value — accounting for 0.00% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #8).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 29012200 and GST compliance.

What products are classified under HSN 29012200 ?

It includes Unsaturated | Propene (Propylene)

Does packaging or labelling change the GST for Unsaturated / Propene (Propylene)?

For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.

Can we claim ITC on inputs used to trade Unsaturated / Propene (Propylene)?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

How much GST applies to Unsaturated / Propene (Propylene)?

Under HSN 29012200, Unsaturated / Propene (Propylene) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Unsaturated / Propene (Propylene)?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Unsaturated / Propene (Propylene) is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Unsaturated / Propene (Propylene); Nil for exempt items if applicable).

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.