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HSN Code 29012200: Propene (Propylene)

HSN Code 29012200 represents Propene (Propylene) under GST classification. This code helps businesses identify 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 Propene (Propylene).

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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?

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

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India’s Trade Performance — HSN Code 29012200 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

+2,750.00% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹122 Cr

+4,766.40% vs FY 2024-25

0.0018% of India’s total imports

Trade Balance

FY 2025-26

−₹121 Cr

Trade Deficit

Surplus rank #10998 of 12872 HSN codes

% of Sub-Chapter 2901

FY 2025-26

0.04%

Share of Sub-Chapter 2901’s total exports in FY 2025-26

Import side: 1.33% of Sub-Chapter 2901’s imports

Rank Within Sub-Chapter 2901

FY 2025-26

#7 of 10

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

Import-side rank: #6 of 10

At a glance

−57.33%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#8841

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+2,750.00%

Peak Growth Year

FY 2025-26 · strongest single-year move

0.04%

Contribution to Sub-Ch. 2901

Share of Sub-Chapter 2901 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 29012200

8-year export and import data, FY 2018-19 to FY 2025-26, 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

FY 2025-26 Exp. Rank #8841

Balance

−121.09

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+2,750.00% YoY

0.04% of Sub-Ch. 2901

Imports

121.66 ₹ Cr

0.0018% share

+4,766.40% YoY

1.33% of Sub-Ch. 2901

CAGR · 8-Year

Exports

−57.33% /yr

Imports

10.95% /yr

Consistently Deficit
Sub-Chapter 2901 total

reference, FY 2025-26

Export

₹1,407.05 Cr

Import

₹9,164.62 Cr

Trade Balance

−7,757.57

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: −57.33% CAGR Over 8 Years

India's exports under HSN Code 29012200 have declined at a compound annual rate of −57.33% over 8 fiscal years, falling from ₹221.40 Crore in FY 2018-19 to ₹0.57 Crore in FY 2025-26.

HSN Code 29012200 Ranked #8841 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 29012200 ranks #8841 out of 12872 HSN codes by total export value. Within Sub-Chapter 2901, it ranks #7 of 10. By trade surplus, it ranks #10998 of 12872.

FY 2025-26 Was the Strongest Growth Year for HSN Code 29012200 Exports

The strongest single-year export movement for HSN Code 29012200 was recorded in FY 2025-26, when exports surged by 2,750.00% over the prior year.

India Records a Trade Deficit of ₹121.09 Crore in HSN Code 29012200 Goods

In FY 2025-26, India's imports of ₹121.66 Cr exceeded exports of ₹0.57 Cr, resulting in a trade deficit of ₹121.09 Crore — ranking #10998 of 12872 by surplus magnitude.

Import Growth of 10.95% CAGR Signals Rising Demand for Propene (Propylene)

India's imports under HSN Code 29012200 have grown at 10.95% CAGR, reaching ₹121.66 Crore in FY 2025-26.

HSN Code 29012200 Contributes 0.04% of Sub-Chapter 2901 Exports — Ranked #7

Among the 10 HSN codes under Sub-Chapter 2901, HSN Code 29012200 ranks #7 by export value — accounting for 0.04% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 1.33% share (rank #6).

Frequently Asked Questions

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

What products are classified under HSN 29012200 ?

It includes 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).

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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.