HSN Code 29024300: Xylenes | P-Xylene

HSN Code 29024300 represents Xylenes | P-Xylene under GST classification. This code helps businesses identify Xylenes | P-Xylene correctly for billing, taxation, and trade. With HSN Code 29024300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Xylenes | P-Xylene.

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Description of Goods for HSN Code 29024300

HSN Code 29024300 relates to the following description.

Description of Goods

Xylenes : p-Xylene

Chapter

29 - Organic chemicals

Sub Chapter

2902 - Cyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29024300 not include?

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

India’s Trade Performance — HSN Code 29024300 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

₹1,716 Cr

−20.25% vs FY 2023-24

0.0466% of India’s total exports

India’s Imports

FY 2024-25

₹7,965 Cr

+4.47% vs FY 2023-24

0.1311% of India’s total imports

Trade Balance

FY 2024-25

−₹6,249 Cr

Trade Deficit

Surplus rank #12569 of 12657 HSN codes

% of Sub-Chapter 2902

FY 2024-25

11.22%

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

Import side: 28.13% of Sub-Chapter 2902’s imports

Rank Within Sub-Chapter 2902

FY 2024-25

#2 of 20

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

Import-side rank: #2 of 20

At a glance

−33.16%

Export CAGR

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

#328

National Export Rank

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

+25.12%

Peak Growth Year

FY 2021-22 · strongest single-year move

11.22%

Contribution to Sub-Ch. 2902

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

India Export-Import Trade Statistics for HSN Code 29024300

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 #15

Balance

+12,793.41

Exports

19,253.44 ₹ Cr

0.8426% share

— YoY

64.62% of Sub-Ch. 2902

Imports

6,460.03 ₹ Cr

0.1802% share

— YoY

32.04% of Sub-Ch. 2902

FY 2019-20 Exp. Rank #17

Balance

+10,760.10

Exports

15,952.94 ₹ Cr

0.7247% share

−17.14% YoY

66.15% of Sub-Ch. 2902

Imports

5,192.84 ₹ Cr

0.1551% share

−19.62% YoY

33.66% of Sub-Ch. 2902

FY 2020-21 Exp. Rank #27

Balance

+8,731.93

Exports

11,570.76 ₹ Cr

0.5380% share

−27.47% YoY

59.45% of Sub-Ch. 2902

Imports

2,838.83 ₹ Cr

0.0974% share

−45.33% YoY

25.31% of Sub-Ch. 2902

FY 2021-22 Exp. Rank #28

Balance

+10,347.92

Exports

14,477.57 ₹ Cr

0.4613% share

+25.12% YoY

45.88% of Sub-Ch. 2902

Imports

4,129.65 ₹ Cr

0.0904% share

+45.47% YoY

23.73% of Sub-Ch. 2902

FY 2022-23 Exp. Rank #44

Balance

+3,024.86

Exports

8,522.13 ₹ Cr

0.2354% share

−41.14% YoY

36.95% of Sub-Ch. 2902

Imports

5,497.27 ₹ Cr

0.0956% share

+33.12% YoY

23.28% of Sub-Ch. 2902

FY 2023-24 Exp. Rank #231

Balance

−5,472.44

Exports

2,152.10 ₹ Cr

0.0595% share

−74.75% YoY

14.49% of Sub-Ch. 2902

Imports

7,624.54 ₹ Cr

0.1358% share

+38.70% YoY

31.45% of Sub-Ch. 2902

FY 2024-25 Exp. Rank #328

Balance

−6,249.08

Exports

1,716.33 ₹ Cr

0.0466% share

−20.25% YoY

11.22% of Sub-Ch. 2902

Imports

7,965.41 ₹ Cr

0.1311% share

+4.47% YoY

28.13% of Sub-Ch. 2902

CAGR · 7-Year

Exports

−33.16% /yr

Imports

3.55% /yr

Consistently Deficit
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 29024300 Export-Import Analysis

Export Decline: −33.16% CAGR Over 7 Years

India's exports under HSN Code 29024300 have declined at a compound annual rate of −33.16% over 7 fiscal years, falling from ₹19,253.44 Crore in FY 2018-19 to ₹1,716.33 Crore in FY 2024-25.

HSN Code 29024300 Ranked #328 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29024300 ranks #328 out of 12657 HSN codes by total export value. Within Sub-Chapter 2902, it ranks #2 of 20. By trade surplus, it ranks #12569 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29024300 Exports

The strongest single-year export movement for HSN Code 29024300 was recorded in FY 2021-22, when exports surged by 25.12% over the prior year.

India Records a Trade Deficit of ₹6,249.08 Crore in HSN Code 29024300 Goods

In FY 2024-25, India's imports of ₹7,965.41 Cr exceeded exports of ₹1,716.33 Cr, resulting in a trade deficit of ₹6,249.08 Crore — ranking #12569 of 12657 by surplus magnitude.

Import Growth of 3.55% CAGR Signals Stable Import Dependency for Xylenes | P-Xylene

India's imports under HSN Code 29024300 have grown at 3.55% CAGR, reaching ₹7,965.41 Crore in FY 2024-25.

HSN Code 29024300 Contributes 11.22% of Sub-Chapter 2902 Exports — Ranked #2

Among the 20 HSN codes under Sub-Chapter 2902, HSN Code 29024300 ranks #2 by export value — accounting for 11.22% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 28.13% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29024300 and GST compliance.

What products are classified under HSN 29024300 ?

It includes Xylenes | P-Xylene

Do e‑way bill and e‑invoice apply for Xylenes / P-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.

How much GST applies to Xylenes / P-Xylene?

Under HSN 29024300, Xylenes / P-Xylene attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Xylenes / P-Xylene?

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

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

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

Does packaging or labelling change the GST for Xylenes / P-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.

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.