HSN Code 29027000: Cumene

HSN Code 29027000 represents Cumene under GST classification. This code helps businesses identify Cumene correctly for billing, taxation, and trade. With HSN Code 29027000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Cumene.

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Description of Goods for HSN Code 29027000

HSN Code 29027000 relates to the following description.

Description of Goods

Cumene

Chapter

29 - Organic chemicals

Sub Chapter

2902 - Cyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29027000 not include?

Cumene does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29027000 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹447 Cr

+77.14% vs FY 2023-24

0.0073% of India’s total imports

Trade Balance

FY 2024-25

−₹447 Cr

Trade Deficit

Surplus rank #11826 of 12657 HSN codes

% of Sub-Chapter 2902

FY 2024-25

0.00%

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

Import side: 1.58% of Sub-Chapter 2902’s imports

At a glance

+100.00%

Peak Growth Year

FY 2023-24 · strongest single-year move

0.00%

Contribution to Sub-Ch. 2902

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

India Export-Import Trade Statistics for HSN Code 29027000

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

Balance

−111.38

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

Imports

111.38 ₹ Cr

0.0031% share

— YoY

0.55% of Sub-Ch. 2902

FY 2019-20 Exp. Rank #9054

Balance

+0.12

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−99.99% YoY

0.00% of Sub-Ch. 2902

FY 2020-21 Exp. Rank #9236

Balance

−61.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−23.08% YoY

0.00% of Sub-Ch. 2902

Imports

61.52 ₹ Cr

0.0021% share

+6,15,100.00% YoY

0.55% of Sub-Ch. 2902

FY 2021-22

Balance

−218.13

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2902

Imports

218.13 ₹ Cr

0.0048% share

+254.57% YoY

1.25% of Sub-Ch. 2902

FY 2022-23 Exp. Rank #10292

Balance

−584.30

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

Imports

584.31 ₹ Cr

0.0102% share

+167.87% YoY

2.47% of Sub-Ch. 2902

FY 2023-24 Exp. Rank #10338

Balance

−252.05

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+100.00% YoY

0.00% of Sub-Ch. 2902

Imports

252.07 ₹ Cr

0.0045% share

−56.86% YoY

1.04% of Sub-Ch. 2902

FY 2024-25

Balance

−446.51

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2902

Imports

446.51 ₹ Cr

0.0073% share

+77.14% YoY

1.58% of Sub-Ch. 2902

CAGR · 7-Year

Exports

—

Imports

26.04% /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 29027000 Export-Import Analysis

Export Snapshot for HSN Code 29027000

India exported ₹0.00 Crore worth of Cumene in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

FY 2023-24 Was the Strongest Growth Year for HSN Code 29027000 Exports

The strongest single-year export movement for HSN Code 29027000 was recorded in FY 2023-24, when exports surged by 100.00% over the prior year.

India Records a Trade Deficit of ₹446.51 Crore in HSN Code 29027000 Goods

In FY 2024-25, India's imports of ₹446.51 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹446.51 Crore — ranking #11826 of 12657 by surplus magnitude.

Import Growth of 26.04% CAGR Signals Rising Demand for Cumene

India's imports under HSN Code 29027000 have grown at 26.04% CAGR, reaching ₹446.51 Crore in FY 2024-25.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29027000 and GST compliance.

What products are classified under HSN 29027000 ?

It includes Cumene

Any common misclassification issue with Cumene?

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

How should mixed supplies be billed when Cumene is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Cumene; Nil for exempt items if applicable).

How much GST applies to Cumene?

Under HSN 29027000, Cumene attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Cumene?

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.

Does packaging or labelling change the GST for Cumene?

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.

Can we claim ITC on inputs used to trade Cumene?

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

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.