HSN Code 29025000: Styrene

HSN Code 29025000 represents Styrene under GST classification. This code helps businesses identify Styrene correctly for billing, taxation, and trade. With HSN Code 29025000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Styrene.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 29025000

HSN Code 29025000 relates to the following description.

Description of Goods

Styrene

Chapter

29 - Organic chemicals

Sub Chapter

2902 - Cyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29025000 not include?

Styrene does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29025000 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

₹220 Cr

+118.23% vs FY 2023-24

0.0060% of India’s total exports

India’s Imports

FY 2024-25

₹11,105 Cr

+19.20% vs FY 2023-24

0.1828% of India’s total imports

Trade Balance

FY 2024-25

−₹10,885 Cr

Trade Deficit

Surplus rank #12609 of 12657 HSN codes

% of Sub-Chapter 2902

FY 2024-25

1.44%

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

Import side: 39.22% of Sub-Chapter 2902’s imports

Rank Within Sub-Chapter 2902

FY 2024-25

#4 of 20

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

Import-side rank: #1 of 20

At a glance

21.91%

Export CAGR

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

#1744

National Export Rank

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

+496.29%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.44%

Contribution to Sub-Ch. 2902

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #2485

Balance

−7,374.28

Exports

66.90 ₹ Cr

0.0029% share

— YoY

0.22% of Sub-Ch. 2902

Imports

7,441.18 ₹ Cr

0.2076% share

— YoY

36.91% of Sub-Ch. 2902

FY 2019-20 Exp. Rank #3465

Balance

−6,075.53

Exports

33.26 ₹ Cr

0.0015% share

−50.28% YoY

0.14% of Sub-Ch. 2902

Imports

6,108.79 ₹ Cr

0.1825% share

−17.91% YoY

39.60% of Sub-Ch. 2902

FY 2020-21 Exp. Rank #2464

Balance

−4,523.38

Exports

70.81 ₹ Cr

0.0033% share

+112.90% YoY

0.36% of Sub-Ch. 2902

Imports

4,594.19 ₹ Cr

0.1577% share

−24.79% YoY

40.96% of Sub-Ch. 2902

FY 2021-22 Exp. Rank #987

Balance

−7,576.52

Exports

422.23 ₹ Cr

0.0135% share

+496.29% YoY

1.34% of Sub-Ch. 2902

Imports

7,998.75 ₹ Cr

0.1750% share

+74.11% YoY

45.97% of Sub-Ch. 2902

FY 2022-23 Exp. Rank #1119

Balance

−9,764.99

Exports

385.29 ₹ Cr

0.0106% share

−8.75% YoY

1.67% of Sub-Ch. 2902

Imports

10,150.28 ₹ Cr

0.1765% share

+26.90% YoY

42.99% of Sub-Ch. 2902

FY 2023-24 Exp. Rank #2566

Balance

−9,215.21

Exports

100.65 ₹ Cr

0.0028% share

−73.88% YoY

0.68% of Sub-Ch. 2902

Imports

9,315.86 ₹ Cr

0.1659% share

−8.22% YoY

38.43% of Sub-Ch. 2902

FY 2024-25 Exp. Rank #1744

Balance

−10,884.98

Exports

219.65 ₹ Cr

0.0060% share

+118.23% YoY

1.44% of Sub-Ch. 2902

Imports

11,104.63 ₹ Cr

0.1828% share

+19.20% YoY

39.22% of Sub-Ch. 2902

CAGR · 7-Year

Exports

21.91% /yr

Imports

6.90% /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 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).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 29025000 and GST compliance.

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).

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.