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HSN Code 29029020: Diphenyl Methane

HSN Code 29029020 represents Diphenyl Methane under GST classification. This code helps businesses identify 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 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?

Diphenyl Methane does not include products with the following descriptions.

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India’s Trade Performance — HSN Code 29029020 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹4 Cr

−48.92% vs FY 2024-25

0.0001% of India’s total exports

India’s Imports

FY 2025-26

< ₹1 Crore

+200.00% vs FY 2024-25

0.0000% of India’s total imports

Trade Balance

FY 2025-26

₹4 Cr

Trade Surplus

Surplus rank #3974 of 12872 HSN codes

% of Sub-Chapter 2902

FY 2025-26

0.03%

Share of Sub-Chapter 2902’s total exports in FY 2025-26

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

Rank Within Sub-Chapter 2902

FY 2025-26

#12 of 21

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

Import-side rank: #17 of 21

At a glance

−10.57%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#7106

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+56.81%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.03%

Contribution to Sub-Ch. 2902

Share of Sub-Chapter 2902 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 29029020

8-year export and import data, FY 2018-19 to FY 2025-26, 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

FY 2025-26 Exp. Rank #7106

Balance

+3.71

Exports

3.77 ₹ Cr

0.0001% share

−48.92% YoY

0.03% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+200.00% YoY

0.00% of Sub-Ch. 2902

CAGR · 8-Year

Exports

−10.57% /yr

Imports

−24.52% /yr

Consistently Surplus
Sub-Chapter 2902 total

reference, FY 2025-26

Export

₹12,812.23 Cr

Import

₹24,887.88 Cr

Trade Balance

−12,075.65

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: −10.57% CAGR Over 8 Years

India's exports under HSN Code 29029020 have declined at a compound annual rate of −10.57% over 8 fiscal years, falling from ₹8.24 Crore in FY 2018-19 to ₹3.77 Crore in FY 2025-26.

HSN Code 29029020 Ranked #7106 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 29029020 ranks #7106 out of 12872 HSN codes by total export value. Within Sub-Chapter 2902, it ranks #12 of 21. By trade surplus, it ranks #3974 of 12872.

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 ₹3.71 Crore in HSN Code 29029020 Goods

In FY 2025-26, India's exports of ₹3.77 Cr exceeded imports of ₹0.06 Cr, resulting in a trade surplus of ₹3.71 Crore — ranking #3974 of 12872 by surplus magnitude.

Import Growth of −24.52% CAGR Signals Stable Import Dependency for Diphenyl Methane

India's imports under HSN Code 29029020 have grown at −24.52% CAGR, reaching ₹0.06 Crore in FY 2025-26.

HSN Code 29029020 Contributes 0.03% of Sub-Chapter 2902 Exports — Ranked #12

Among the 21 HSN codes under Sub-Chapter 2902, HSN Code 29029020 ranks #12 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 0.00% share (rank #17).

Frequently Asked Questions

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

What products are classified under HSN 29029020 ?

It includes 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.

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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.