--- title: "HSN Code for Nitro/Nitroso Derivatives – Para Nitrotoluene | HSN 29042050 GST Rate" description: "Find HSN and GST Rates for 29042050 related to Nitro/Nitroso Derivatives – Para Nitrotoluene with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29042050/" --- # HSN Code 29042050: Nitro/Nitroso Derivatives – Para Nitrotoluene - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/) - [Sub-chapter 2904: Hydrocarbon derivatives](https://busy.in/hsn/sub-chapter-2904/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Derivatives containing only nitro or only nitroso groups : Para nitrotoluene | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29042050 ? It includes Nitro/Nitroso Derivatives – Para Nitrotoluene ### Does packaging or labelling change the GST for Nitro/Nitroso Derivatives – Para Nitrotoluene? 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 Nitro/Nitroso Derivatives – Para Nitrotoluene? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Nitro/Nitroso Derivatives – Para Nitrotoluene? Under HSN 29042050, Nitro/Nitroso Derivatives – Para Nitrotoluene attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Nitro/Nitroso Derivatives – Para Nitrotoluene is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Nitro/Nitroso Derivatives – Para Nitrotoluene; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Nitro/Nitroso Derivatives – Para Nitrotoluene? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Do e‑way bill and e‑invoice apply for Nitro/Nitroso Derivatives – Para Nitrotoluene? 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. ## India's trade performance: HSN Code 29042050 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹3 Cr (−65.28% YoY) — 0.0001% of India's total exports - Imports: ₹33 Cr (−8.02% YoY) — 0.0005% of India's total imports - Trade balance: −₹30 Cr (Deficit); surplus rank #9837 of 12657 HSN codes - Share of Sub-Chapter 2904: 0.29% of its exports; import side 3.16% - Rank within Sub-Chapter 2904: #13 of 36 by export value; import-side #6 ### Key metrics - Export CAGR: -17.02% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7392 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +2,471.43% in FY 2023-24 - Contribution to Sub-Ch. 2904: 0.29% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29042050 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2904 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2904 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 7.66 | 0.0003% | — | 0.55% | 52.99 | 0.0015% | — | 6.67% | −45.33 | #5334 | | FY 2019-20 | 2.27 | 0.0001% | −70.37% | 0.24% | 98.86 | 0.0030% | +86.56% | 12.45% | −96.59 | #6799 | | FY 2020-21 | 10.38 | 0.0005% | +357.27% | 1.64% | 77.94 | 0.0027% | −21.16% | 8.92% | −67.56 | #5025 | | FY 2021-22 | 2.85 | 0.0001% | −72.54% | 0.31% | 95.16 | 0.0021% | +22.09% | 8.13% | −92.31 | #6945 | | FY 2022-23 | < ₹1 Crore | 0.0000% | −90.18% | 0.03% | 88.65 | 0.0015% | −6.84% | 6.87% | −88.37 | #9085 | | FY 2023-24 | 7.20 | 0.0002% | +2,471.43% | 0.92% | 35.43 | 0.0006% | −60.03% | 3.33% | −28.23 | #6123 | | FY 2024-25 | 2.50 | 0.0001% | −65.28% | 0.29% | 32.59 | 0.0005% | −8.02% | 3.16% | −30.09 | #7392 | - CAGR (7-year): exports -17.02%/yr, imports -7.78%/yr (consistently Deficit) ## Key trade insights: HSN Code 29042050 export-import analysis ### Export decline: -17.02% CAGR over 7 years India's exports under HSN Code 29042050 have declined at a compound annual rate of -17.02% over 7 fiscal years, falling from ₹7.66 Crore in FY 2018-19 to ₹2.50 Crore in FY 2024-25. ### HSN Code 29042050 ranked #7392 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29042050 ranks #7392 out of 12657 HSN codes by total export value. Within Sub-Chapter 2904, it ranks #13 of 36. By trade surplus, it ranks #9837 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 29042050 exports The strongest single-year export movement for HSN Code 29042050 was recorded in FY 2023-24, when exports surged by 2,471.43% over the prior year. ### India records a trade deficit of ₹30.09 Crore in HSN Code 29042050 goods In FY 2024-25, India's imports of ₹32.59 Cr exceeded exports of ₹2.50 Cr, resulting in a trade deficit of ₹30.09 Crore — ranking #9837 of 12657 by surplus magnitude. ### Import growth of -7.78% CAGR signals stable import dependency for Nitro/Nitroso Derivatives – Para Nitrotoluene India's imports under HSN Code 29042050 have grown at -7.78% CAGR, reaching ₹32.59 Crore in FY 2024-25. ### HSN Code 29042050 contributes 0.29% of Sub-Chapter 2904 exports — ranked #13 Among the 36 HSN codes under Sub-Chapter 2904, HSN Code 29042050 ranks #13 by export value — accounting for 0.29% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.16% share (rank #6). ## Related HSN Codes in Sub-Chapter 2904 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29041090: Sulpho Derivatives – Other](https://busy.in/hsn/hsn-29041090/) | ₹292 Cr | | #2 | [HSN Code 29049990: Sulphonated/Nitrated/Nitrosated Hydrocarbons \| Other](https://busy.in/hsn/hsn-29049990/) | ₹217 Cr | | #3 | [HSN Code 29042090: Nitro derivatives](https://busy.in/hsn/hsn-29042090/) | ₹146 Cr | | #4 | [HSN Code 29042040: Nitro/Nitroso Derivatives – Ortho Nitrotoluene](https://busy.in/hsn/hsn-29042040/) | ₹53 Cr | | #5 | [HSN Code 29049970: Other : Sodium meta nitrobenzene sulphonate](https://busy.in/hsn/hsn-29049970/) | ₹35 Cr | | #6 | [HSN Code 29049920: Other \| Dinitrochlorobenzene](https://busy.in/hsn/hsn-29049920/) | ₹30 Cr | | #7 | [HSN Code 29049940: Other \| Ortho Nitrochlorobenzene](https://busy.in/hsn/hsn-29049940/) | ₹29 Cr | | #8 | [HSN Code 29041030: Sulpho Derivatives – Naphthalene Sulphonic Acid](https://busy.in/hsn/hsn-29041030/) | ₹19 Cr | | #9 | [HSN Code 29042060: Dinitrotoluene](https://busy.in/hsn/hsn-29042060/) | ₹14 Cr | | #10 | [HSN Code 29041010: Sulpho Derivatives – Benzene Sulphonic Acid](https://busy.in/hsn/hsn-29041010/) | ₹5 Cr | | #13 | HSN Code 29042050: Nitro/Nitroso Derivatives – Para Nitrotoluene (this hsn code) | ₹3 Cr |