--- title: "HSN Code for Styrene | HSN 29025000 GST Rate" description: "Find HSN and GST Rates for 29025000 related to Styrene with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29025000/" --- # HSN Code 29025000: Styrene - [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 | | --- | --- | --- | --- | --- | | Styrene | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29025000 ? It includes Styrene ### Can we claim ITC on inputs used to trade Styrene? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Styrene? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Do e‑way bill and e‑invoice apply for Styrene? 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 Styrene? Under HSN 29025000, Styrene attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Styrene is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Styrene; Nil for exempt items if applicable). ## India's trade performance: HSN Code 29025000 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹220 Cr (+118.23% YoY) — 0.0060% of India's total exports - Imports: ₹11,105 Cr (+19.20% YoY) — 0.1828% of India's total imports - Trade balance: −₹10,885 Cr (Deficit); surplus rank #12609 of 12657 HSN codes - Share of Sub-Chapter 2902: 1.44% of its exports; import side 39.22% - Rank within Sub-Chapter 2902: #4 of 20 by export value; import-side #1 ### Key metrics - Export CAGR: 21.91% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1744 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +496.29% in FY 2021-22 - Contribution to Sub-Ch. 2902: 1.44% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29025000 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 | 66.90 | 0.0029% | — | 0.22% | 7,441.18 | 0.2076% | — | 36.91% | −7,374.28 | #2485 | | FY 2019-20 | 33.26 | 0.0015% | −50.28% | 0.14% | 6,108.79 | 0.1825% | −17.91% | 39.60% | −6,075.53 | #3465 | | FY 2020-21 | 70.81 | 0.0033% | +112.90% | 0.36% | 4,594.19 | 0.1577% | −24.79% | 40.96% | −4,523.38 | #2464 | | FY 2021-22 | 422.23 | 0.0135% | +496.29% | 1.34% | 7,998.75 | 0.1750% | +74.11% | 45.97% | −7,576.52 | #987 | | FY 2022-23 | 385.29 | 0.0106% | −8.75% | 1.67% | 10,150.28 | 0.1765% | +26.90% | 42.99% | −9,764.99 | #1119 | | FY 2023-24 | 100.65 | 0.0028% | −73.88% | 0.68% | 9,315.86 | 0.1659% | −8.22% | 38.43% | −9,215.21 | #2566 | | FY 2024-25 | 219.65 | 0.0060% | +118.23% | 1.44% | 11,104.63 | 0.1828% | +19.20% | 39.22% | −10,884.98 | #1744 | - CAGR (7-year): exports 21.91%/yr, imports 6.90%/yr (consistently Deficit) ## Key trade insights: HSN Code 29025000 export-import analysis ### Consistent export growth: 21.91% CAGR over 7 years India's exports under HSN Code 29025000 have grown at a compound annual rate of 21.91% over 7 fiscal years, rising from ₹66.90 Crore in FY 2018-19 to ₹219.65 Crore in FY 2024-25. ### HSN Code 29025000 ranked #1744 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29025000 ranks #1744 out of 12657 HSN codes by total export value. Within Sub-Chapter 2902, it ranks #4 of 20. By trade surplus, it ranks #12609 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29025000 exports The strongest single-year export movement for HSN Code 29025000 was recorded in FY 2021-22, when exports surged by 496.29% over the prior year. ### India records a trade deficit of ₹10,884.98 Crore in HSN Code 29025000 goods In FY 2024-25, India's imports of ₹11,104.63 Cr exceeded exports of ₹219.65 Cr, resulting in a trade deficit of ₹10,884.98 Crore — ranking #12609 of 12657 by surplus magnitude. ### Import growth of 6.90% CAGR signals stable import dependency for Styrene India's imports under HSN Code 29025000 have grown at 6.90% CAGR, reaching ₹11,104.63 Crore in FY 2024-25. ### HSN Code 29025000 contributes 1.44% of Sub-Chapter 2902 exports — ranked #4 Among the 20 HSN codes under Sub-Chapter 2902, HSN Code 29025000 ranks #4 by export value — accounting for 1.44% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 39.22% share (rank #1). ## 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](https://busy.in/hsn/hsn-29022000/) | ₹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 (this hsn code) | ₹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 |