HSN Code 29022000: Benzene

HSN Code 29022000 represents Benzene under GST classification. This code helps businesses identify Benzene correctly for billing, taxation, and trade. With HSN Code 29022000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Benzene.

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Description of Goods for HSN Code 29022000

HSN Code 29022000 relates to the following description.

Description of Goods

Benzene

Chapter

29 - Organic chemicals

Sub Chapter

2902 - Cyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29022000 not include?

Benzene does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29022000 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

₹11,889 Cr

+8.77% vs FY 2023-24

0.3230% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−98.95% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹11,888 Cr

Trade Surplus

Surplus rank #25 of 12657 HSN codes

% of Sub-Chapter 2902

FY 2024-25

77.74%

Share of Sub-Chapter 2902’s total exports in FY 2024-25

Import side: 0.00% of Sub-Chapter 2902’s imports

Rank Within Sub-Chapter 2902

FY 2024-25

#1 of 20

Position by export value among HSN codes in Sub-Chapter 2902

Import-side rank: #16 of 20

At a glance

6.34%

Export CAGR

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

#30

National Export Rank

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

+148.08%

Peak Growth Year

FY 2021-22 · strongest single-year move

77.74%

Contribution to Sub-Ch. 2902

Share of Sub-Chapter 2902 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #26

Balance

+8,092.32

Exports

8,220.52 ₹ Cr

0.3598% share

— YoY

27.59% of Sub-Ch. 2902

Imports

128.20 ₹ Cr

0.0036% share

— YoY

0.64% of Sub-Ch. 2902

FY 2019-20 Exp. Rank #36

Balance

+6,299.73

Exports

6,353.03 ₹ Cr

0.2886% share

−22.72% YoY

26.34% of Sub-Ch. 2902

Imports

53.30 ₹ Cr

0.0016% share

−58.42% YoY

0.35% of Sub-Ch. 2902

FY 2020-21 Exp. Rank #48

Balance

+5,513.19

Exports

5,595.73 ₹ Cr

0.2602% share

−11.92% YoY

28.75% of Sub-Ch. 2902

Imports

82.54 ₹ Cr

0.0028% share

+54.86% YoY

0.74% of Sub-Ch. 2902

FY 2021-22 Exp. Rank #29

Balance

+13,854.44

Exports

13,881.68 ₹ Cr

0.4423% share

+148.08% YoY

43.99% of Sub-Ch. 2902

Imports

27.24 ₹ Cr

0.0006% share

−67.00% YoY

0.16% of Sub-Ch. 2902

FY 2022-23 Exp. Rank #34

Balance

+11,492.07

Exports

11,569.71 ₹ Cr

0.3195% share

−16.65% YoY

50.16% of Sub-Ch. 2902

Imports

77.64 ₹ Cr

0.0014% share

+185.02% YoY

0.33% of Sub-Ch. 2902

FY 2023-24 Exp. Rank #34

Balance

+10,903.73

Exports

10,930.52 ₹ Cr

0.3021% share

−5.52% YoY

73.59% of Sub-Ch. 2902

Imports

26.79 ₹ Cr

0.0005% share

−65.49% YoY

0.11% of Sub-Ch. 2902

FY 2024-25 Exp. Rank #30

Balance

+11,888.34

Exports

11,888.62 ₹ Cr

0.3230% share

+8.77% YoY

77.74% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−98.95% YoY

0.00% of Sub-Ch. 2902

CAGR · 7-Year

Exports

6.34% /yr

Imports

−63.98% /yr

Consistently Surplus
Sub-Chapter 2902 total

reference, FY 2024-25

Export

₹15,292.99 Cr

Import

₹28,314.70 Cr

Trade Balance

−13,021.71

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29022000 and GST compliance.

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.

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.