HSN Code 29024200: Xylenes | M-Xylene

HSN Code 29024200 represents Xylenes | M-Xylene under GST classification. This code helps businesses identify Xylenes | M-Xylene correctly for billing, taxation, and trade. With HSN Code 29024200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Xylenes | M-Xylene.

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Description of Goods for HSN Code 29024200

HSN Code 29024200 relates to the following description.

Description of Goods

Xylenes : m-Xylene

Chapter

29 - Organic chemicals

Sub Chapter

2902 - Cyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29024200 not include?

Xylenes | M-Xylene does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29024200 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

₹93 Cr

+1,965.04% vs FY 2023-24

0.0025% of India’s total exports

India’s Imports

FY 2024-25

₹24 Cr

−61.45% vs FY 2023-24

0.0004% of India’s total imports

Trade Balance

FY 2024-25

₹70 Cr

Trade Surplus

Surplus rank #1894 of 12657 HSN codes

% of Sub-Chapter 2902

FY 2024-25

0.61%

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

Import side: 0.08% of Sub-Chapter 2902’s imports

Rank Within Sub-Chapter 2902

FY 2024-25

#10 of 20

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

Import-side rank: #11 of 20

At a glance

79.19%

Export CAGR

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

#2744

National Export Rank

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

+1,965.04%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.61%

Contribution to Sub-Ch. 2902

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

India Export-Import Trade Statistics for HSN Code 29024200

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 #6545

Balance

−30.24

Exports

2.82 ₹ Cr

0.0001% share

— YoY

0.01% of Sub-Ch. 2902

Imports

33.06 ₹ Cr

0.0009% share

— YoY

0.16% of Sub-Ch. 2902

FY 2019-20 Exp. Rank #5662

Balance

−14.04

Exports

5.87 ₹ Cr

0.0003% share

+108.16% YoY

0.02% of Sub-Ch. 2902

Imports

19.91 ₹ Cr

0.0006% share

−39.78% YoY

0.13% of Sub-Ch. 2902

FY 2020-21 Exp. Rank #5289

Balance

−16.35

Exports

8.57 ₹ Cr

0.0004% share

+46.00% YoY

0.04% of Sub-Ch. 2902

Imports

24.92 ₹ Cr

0.0009% share

+25.16% YoY

0.22% of Sub-Ch. 2902

FY 2021-22 Exp. Rank #5981

Balance

−35.32

Exports

6.76 ₹ Cr

0.0002% share

−21.12% YoY

0.02% of Sub-Ch. 2902

Imports

42.08 ₹ Cr

0.0009% share

+68.86% YoY

0.24% of Sub-Ch. 2902

FY 2022-23 Exp. Rank #6062

Balance

−40.02

Exports

7.11 ₹ Cr

0.0002% share

+5.18% YoY

0.03% of Sub-Ch. 2902

Imports

47.13 ₹ Cr

0.0008% share

+12.00% YoY

0.20% of Sub-Ch. 2902

FY 2023-24 Exp. Rank #6692

Balance

−56.55

Exports

4.52 ₹ Cr

0.0001% share

−36.43% YoY

0.03% of Sub-Ch. 2902

Imports

61.07 ₹ Cr

0.0011% share

+29.58% YoY

0.25% of Sub-Ch. 2902

FY 2024-25 Exp. Rank #2744

Balance

+69.80

Exports

93.34 ₹ Cr

0.0025% share

+1,965.04% YoY

0.61% of Sub-Ch. 2902

Imports

23.54 ₹ Cr

0.0004% share

−61.45% YoY

0.08% of Sub-Ch. 2902

CAGR · 7-Year

Exports

79.19% /yr

Imports

−5.50% /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 29024200 Export-Import Analysis

Consistent Export Growth: 79.19% CAGR Over 7 Years

India's exports under HSN Code 29024200 have grown at a compound annual rate of 79.19% over 7 fiscal years, rising from ₹2.82 Crore in FY 2018-19 to ₹93.34 Crore in FY 2024-25.

HSN Code 29024200 Ranked #2744 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29024200 ranks #2744 out of 12657 HSN codes by total export value. Within Sub-Chapter 2902, it ranks #10 of 20. By trade surplus, it ranks #1894 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 29024200 Exports

The strongest single-year export movement for HSN Code 29024200 was recorded in FY 2024-25, when exports surged by 1,965.04% over the prior year.

India Maintains a Trade Surplus of ₹69.80 Crore in HSN Code 29024200 Goods

In FY 2024-25, India's exports of ₹93.34 Cr exceeded imports of ₹23.54 Cr, resulting in a trade surplus of ₹69.80 Crore — ranking #1894 of 12657 by surplus magnitude.

Import Growth of −5.50% CAGR Signals Stable Import Dependency for Xylenes | M-Xylene

India's imports under HSN Code 29024200 have grown at −5.50% CAGR, reaching ₹23.54 Crore in FY 2024-25.

HSN Code 29024200 Contributes 0.61% of Sub-Chapter 2902 Exports — Ranked #10

Among the 20 HSN codes under Sub-Chapter 2902, HSN Code 29024200 ranks #10 by export value — accounting for 0.61% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #11).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29024200 and GST compliance.

What products are classified under HSN 29024200 ?

It includes Xylenes | M-Xylene

Can we claim ITC on inputs used to trade Xylenes / M-Xylene?

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 Xylenes / M-Xylene?

Under HSN 29024200, Xylenes / M-Xylene attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Xylenes / M-Xylene?

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

Does packaging or labelling change the GST for Xylenes / M-Xylene?

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.

Do e‑way bill and e‑invoice apply for Xylenes / M-Xylene?

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.

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.