HSN Code 29029050: Other | Isobutyl Benzene

HSN Code 29029050 represents Other | Isobutyl Benzene under GST classification. This code helps businesses identify Other | Isobutyl Benzene correctly for billing, taxation, and trade. With HSN Code 29029050, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other | Isobutyl Benzene.

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Description of Goods for HSN Code 29029050

HSN Code 29029050 relates to the following description.

Description of Goods

Other : Isobutyl benzene

Chapter

29 - Organic chemicals

Sub Chapter

2902 - Cyclic hydrocarbons

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29029050 not include?

Other | Isobutyl Benzene does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29029050 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

₹167 Cr

−22.56% vs FY 2023-24

0.0045% of India’s total exports

India’s Imports

FY 2024-25

Nil

First year of recorded data

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹167 Cr

Trade Surplus

Surplus rank #1268 of 12657 HSN codes

% of Sub-Chapter 2902

FY 2024-25

1.09%

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

#8 of 20

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

At a glance

0.41%

Export CAGR

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

#2038

National Export Rank

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

+106.24%

Peak Growth Year

FY 2022-23 · strongest single-year move

1.09%

Contribution to Sub-Ch. 2902

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

India Export-Import Trade Statistics for HSN Code 29029050

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 #1516

Balance

+163.20

Exports

163.20 ₹ Cr

0.0071% share

— YoY

0.55% of Sub-Ch. 2902

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

FY 2019-20 Exp. Rank #1637

Balance

+141.46

Exports

141.50 ₹ Cr

0.0064% share

−13.30% YoY

0.59% of Sub-Ch. 2902

Imports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

FY 2020-21 Exp. Rank #1317

Balance

+208.94

Exports

208.94 ₹ Cr

0.0097% share

+47.66% YoY

1.07% of Sub-Ch. 2902

Imports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2902

FY 2021-22 Exp. Rank #2042

Balance

+137.09

Exports

137.09 ₹ Cr

0.0044% share

−34.39% YoY

0.43% of Sub-Ch. 2902

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

FY 2022-23 Exp. Rank #1385

Balance

+282.74

Exports

282.74 ₹ Cr

0.0078% share

+106.24% YoY

1.23% of Sub-Ch. 2902

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

FY 2023-24 Exp. Rank #1698

Balance

+215.96

Exports

215.96 ₹ Cr

0.0060% share

−23.62% YoY

1.45% of Sub-Ch. 2902

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

FY 2024-25 Exp. Rank #2038

Balance

+167.25

Exports

167.25 ₹ Cr

0.0045% share

−22.56% YoY

1.09% of Sub-Ch. 2902

Imports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2902

CAGR · 7-Year

Exports

0.41% /yr

Imports

—

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 29029050 Export-Import Analysis

Consistent Export Growth: 0.41% CAGR Over 7 Years

India's exports under HSN Code 29029050 have grown at a compound annual rate of 0.41% over 7 fiscal years, rising from ₹163.20 Crore in FY 2018-19 to ₹167.25 Crore in FY 2024-25.

HSN Code 29029050 Ranked #2038 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29029050 ranks #2038 out of 12657 HSN codes by total export value. Within Sub-Chapter 2902, it ranks #8 of 20. By trade surplus, it ranks #1268 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 29029050 Exports

The strongest single-year export movement for HSN Code 29029050 was recorded in FY 2022-23, when exports surged by 106.24% over the prior year.

India Maintains a Trade Surplus of ₹167.25 Crore in HSN Code 29029050 Goods

In FY 2024-25, India's exports of ₹167.25 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹167.25 Crore — ranking #1268 of 12657 by surplus magnitude.

HSN Code 29029050 Contributes 1.09% of Sub-Chapter 2902 Exports — Ranked #8

Among the 20 HSN codes under Sub-Chapter 2902, HSN Code 29029050 ranks #8 by export value — accounting for 1.09% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29029050 and GST compliance.

What products are classified under HSN 29029050 ?

It includes Other | Isobutyl Benzene

How much GST applies to Other / Isobutyl Benzene?

Under HSN 29029050, Other / Isobutyl Benzene attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Other / Isobutyl Benzene?

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.

Any common misclassification issue with Other / Isobutyl Benzene?

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 Other / Isobutyl Benzene?

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 / Isobutyl Benzene?

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.