HSN Code 29029020: Other | Diphenyl Methane

HSN Code 29029020 represents Other | Diphenyl Methane under GST classification. This code helps businesses identify Other | Diphenyl Methane correctly for billing, taxation, and trade. With HSN Code 29029020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Diphenyl Methane.

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Description of Goods for HSN Code 29029020

HSN Code 29029020 relates to the following description.

Description of Goods

Other : Diphenyl methane

Chapter

29 - Organic chemicals

Sub Chapter

2902 - Cyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29029020 not include?

Other | Diphenyl Methane does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29029020 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

₹7 Cr

+34.67% vs FY 2023-24

0.0002% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

−93.33% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹7 Cr

Trade Surplus

Surplus rank #3513 of 12657 HSN codes

% of Sub-Chapter 2902

FY 2024-25

0.05%

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

Import side: 0.00% of Sub-Chapter 2902’s imports

Rank Within Sub-Chapter 2902

FY 2024-25

#14 of 20

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

Import-side rank: #17 of 20

At a glance

−1.82%

Export CAGR

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

#6153

National Export Rank

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

+56.81%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.05%

Contribution to Sub-Ch. 2902

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

India Export-Import Trade Statistics for HSN Code 29029020

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 #5227

Balance

+7.81

Exports

8.24 ₹ Cr

0.0004% share

— YoY

0.03% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

FY 2019-20 Exp. Rank #5417

Balance

+7.05

Exports

7.20 ₹ Cr

0.0003% share

−12.62% YoY

0.03% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−65.12% YoY

0.00% of Sub-Ch. 2902

FY 2020-21 Exp. Rank #5824

Balance

+4.48

Exports

5.51 ₹ Cr

0.0003% share

−23.47% YoY

0.03% of Sub-Ch. 2902

Imports

1.03 ₹ Cr

0.0000% share

+586.67% YoY

0.01% of Sub-Ch. 2902

FY 2021-22 Exp. Rank #5680

Balance

+7.66

Exports

8.64 ₹ Cr

0.0003% share

+56.81% YoY

0.03% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−4.85% YoY

0.01% of Sub-Ch. 2902

FY 2022-23 Exp. Rank #6094

Balance

+6.68

Exports

6.93 ₹ Cr

0.0002% share

−19.79% YoY

0.03% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−74.49% YoY

0.00% of Sub-Ch. 2902

FY 2023-24 Exp. Rank #6477

Balance

+5.18

Exports

5.48 ₹ Cr

0.0002% share

−20.92% YoY

0.04% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+20.00% YoY

0.00% of Sub-Ch. 2902

FY 2024-25 Exp. Rank #6153

Balance

+7.36

Exports

7.38 ₹ Cr

0.0002% share

+34.67% YoY

0.05% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−93.33% YoY

0.00% of Sub-Ch. 2902

CAGR · 7-Year

Exports

−1.82% /yr

Imports

−40.03% /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 29029020 Export-Import Analysis

Export Decline: −1.82% CAGR Over 7 Years

India's exports under HSN Code 29029020 have declined at a compound annual rate of −1.82% over 7 fiscal years, falling from ₹8.24 Crore in FY 2018-19 to ₹7.38 Crore in FY 2024-25.

HSN Code 29029020 Ranked #6153 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29029020 ranks #6153 out of 12657 HSN codes by total export value. Within Sub-Chapter 2902, it ranks #14 of 20. By trade surplus, it ranks #3513 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29029020 Exports

The strongest single-year export movement for HSN Code 29029020 was recorded in FY 2021-22, when exports surged by 56.81% over the prior year.

India Maintains a Trade Surplus of ₹7.36 Crore in HSN Code 29029020 Goods

In FY 2024-25, India's exports of ₹7.38 Cr exceeded imports of ₹0.02 Cr, resulting in a trade surplus of ₹7.36 Crore — ranking #3513 of 12657 by surplus magnitude.

Import Growth of −40.03% CAGR Signals Stable Import Dependency for Other | Diphenyl Methane

India's imports under HSN Code 29029020 have grown at −40.03% CAGR, reaching ₹0.02 Crore in FY 2024-25.

HSN Code 29029020 Contributes 0.05% of Sub-Chapter 2902 Exports — Ranked #14

Among the 20 HSN codes under Sub-Chapter 2902, HSN Code 29029020 ranks #14 by export value — accounting for 0.05% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29029020 and GST compliance.

What products are classified under HSN 29029020 ?

It includes Other | Diphenyl Methane

How much GST applies to Other / Diphenyl Methane?

Under HSN 29029020, Other / Diphenyl Methane attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Other / Diphenyl Methane?

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 Other / Diphenyl Methane?

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.

Can we claim ITC on inputs used to trade Other / Diphenyl Methane?

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 Other / Diphenyl Methane?

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

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.