--- title: "HSN Code for Benzene | HSN 29022000 GST Rate" description: "Find HSN and GST Rates for 29022000 related to Benzene with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29022000/" --- # HSN Code 29022000: Benzene - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/) - [Sub-chapter 2902: Cyclic hydrocarbons](https://busy.in/hsn/sub-chapter-2902/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Benzene | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29022000 ? It includes Benzene ### Can we claim ITC on inputs used to trade Benzene? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Benzene? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### How should mixed supplies be billed when Benzene is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Benzene; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Benzene? 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. ### How much GST applies to Benzene? Under HSN 29022000, Benzene attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 29022000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹11,889 Cr (+8.77% YoY) — 0.3230% of India's total exports - Imports: < ₹1 Crore (−98.95% YoY) — 0.0000% of India's total imports - Trade balance: ₹11,888 Cr (Surplus); surplus rank #25 of 12657 HSN codes - Share of Sub-Chapter 2902: 77.74% of its exports; import side 0.00% - Rank within Sub-Chapter 2902: #1 of 20 by export value; import-side #16 ### Key metrics - Export CAGR: 6.34% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #30 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +148.08% in FY 2021-22 - Contribution to Sub-Ch. 2902: 77.74% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29022000 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. 2902 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2902 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 8,220.52 | 0.3598% | — | 27.59% | 128.20 | 0.0036% | — | 0.64% | +8,092.32 | #26 | | FY 2019-20 | 6,353.03 | 0.2886% | −22.72% | 26.34% | 53.30 | 0.0016% | −58.42% | 0.35% | +6,299.73 | #36 | | FY 2020-21 | 5,595.73 | 0.2602% | −11.92% | 28.75% | 82.54 | 0.0028% | +54.86% | 0.74% | +5,513.19 | #48 | | FY 2021-22 | 13,881.68 | 0.4423% | +148.08% | 43.99% | 27.24 | 0.0006% | −67.00% | 0.16% | +13,854.44 | #29 | | FY 2022-23 | 11,569.71 | 0.3195% | −16.65% | 50.16% | 77.64 | 0.0014% | +185.02% | 0.33% | +11,492.07 | #34 | | FY 2023-24 | 10,930.52 | 0.3021% | −5.52% | 73.59% | 26.79 | 0.0005% | −65.49% | 0.11% | +10,903.73 | #34 | | FY 2024-25 | 11,888.62 | 0.3230% | +8.77% | 77.74% | < ₹1 Crore | 0.0000% | −98.95% | 0.00% | +11,888.34 | #30 | - CAGR (7-year): exports 6.34%/yr, imports -63.98%/yr (consistently Surplus) ## Key trade insights: HSN Code 29022000 export-import analysis ### Consistent export growth: 6.34% CAGR over 7 years India's exports under HSN Code 29022000 have grown at a compound annual rate of 6.34% over 7 fiscal years, rising from ₹8,220.52 Crore in FY 2018-19 to ₹11,888.62 Crore in FY 2024-25. ### HSN Code 29022000 ranked #30 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29022000 ranks #30 out of 12657 HSN codes by total export value. Within Sub-Chapter 2902, it ranks #1 of 20. By trade surplus, it ranks #25 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29022000 exports The strongest single-year export movement for HSN Code 29022000 was recorded in FY 2021-22, when exports surged by 148.08% over the prior year. ### India maintains a trade surplus of ₹11,888.34 Crore in HSN Code 29022000 goods In FY 2024-25, India's exports of ₹11,888.62 Cr exceeded imports of ₹0.28 Cr, resulting in a trade surplus of ₹11,888.34 Crore — ranking #25 of 12657 by surplus magnitude. ### Import growth of -63.98% CAGR signals stable import dependency for Benzene India's imports under HSN Code 29022000 have grown at -63.98% CAGR, reaching ₹0.28 Crore in FY 2024-25. ### HSN Code 29022000 contributes 77.74% of Sub-Chapter 2902 exports — ranked #1 Among the 20 HSN codes under Sub-Chapter 2902, HSN Code 29022000 ranks #1 by export value — accounting for 77.74% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #16). ## Related HSN Codes in Sub-Chapter 2902 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 29022000: Benzene (this hsn code) | ₹11,889 Cr | | #2 | [HSN Code 29024300: Xylenes \| P-Xylene](https://busy.in/hsn/hsn-29024300/) | ₹1,716 Cr | | #3 | [HSN Code 29029090: Other Cyclic Hydrocarbons](https://busy.in/hsn/hsn-29029090/) | ₹488 Cr | | #4 | [HSN Code 29025000: Styrene](https://busy.in/hsn/hsn-29025000/) | ₹220 Cr | | #5 | [HSN Code 29023000: Toluene](https://busy.in/hsn/hsn-29023000/) | ₹186 Cr | | #6 | [HSN Code 29021990: Cyclanes, cyclenes](https://busy.in/hsn/hsn-29021990/) | ₹186 Cr | | #7 | [HSN Code 29021100: Cyclohexane](https://busy.in/hsn/hsn-29021100/) | ₹168 Cr | | #8 | [HSN Code 29029050: Other \| Isobutyl Benzene](https://busy.in/hsn/hsn-29029050/) | ₹167 Cr | | #9 | [HSN Code 29029060: Other \| N-Propyl Benzene](https://busy.in/hsn/hsn-29029060/) | ₹98 Cr | | #10 | [HSN Code 29024200: Xylenes \| M-Xylene](https://busy.in/hsn/hsn-29024200/) | ₹93 Cr |