HSN Code 29051100: Methanol (methyl alcohol)

HSN Code 29051100 represents Methanol (methyl alcohol) under GST classification. This code helps businesses identify Methanol (methyl alcohol) correctly for billing, taxation, and trade. With HSN Code 29051100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Methanol (methyl alcohol).

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Description of Goods for HSN Code 29051100

HSN Code 29051100 relates to the following description.

Description of Goods

Saturated monohydric alcohols : Methanol (methyl alcohol)

Chapter

29 - Organic chemicals

Sub Chapter

2905 - Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29051100 not include?

Methanol (methyl alcohol) does not include products with the following descriptions.

HSN Code 29051210

Saturated monohydric alcohols :Propan-1-o1 (propyl alcohol) and propan-2-ol (isopropyl alcohol) : Propyl alcohol

HSN Code 29051220

Saturated monohydric alcohols :Propan-1-o1 (propyl alcohol) and propan-2-ol (isopropyl alcohol) : Isopropyl alcohol

HSN Code 29051500

Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives - saturated monohydric alcohols : pentanol (amyl alcohol) and isomers thereof

HSN Code 29051610

Saturated monohydric alcohols :Octanol (octyl alcohol) and isomers thereof : Dimethyl octanol

HSN Code 29051620

Saturated monohydric alcohols :Octanol (octyl alcohol) and isomers thereof : 2-ethyl hexanol

HSN Code 29051690

Saturated monohydric alcohols :Octanol (octyl alcohol) and isomers thereof : Other

HSN Code 29051700

Saturated monohydric alcohols : Dodecan-1-ol (lauryl alcohol),hexadecan-1-ol (cetyl alcohol) and octadecan-1-ol (stearyl alcohol)

HSN Code 29051900

Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives - saturated monohydric alcohols : other

HSN Code 29052250

Unsaturated monohydric alcohols : Acyclic terpene alcohols : Dihydromyrcenol

HSN Code 29054100

Other polyhydric alcohols : 2- Ethyl-2-(hydroxymethyl) propane-1,3-diol (trimethylolropane)

HSN Code 29055100

Halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols : Ethchlorvynol (INN)

HSN Code 29055900

Halogenated, sulphonated, nitrated or nitrosated derivatives of acyclic alcohols : Other

India’s Trade Performance — HSN Code 29051100 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

₹207 Cr

+17.35% vs FY 2023-24

0.0056% of India’s total exports

India’s Imports

FY 2024-25

₹7,754 Cr

+4.43% vs FY 2023-24

0.1276% of India’s total imports

Trade Balance

FY 2024-25

−₹7,547 Cr

Trade Deficit

Surplus rank #12585 of 12657 HSN codes

% of Sub-Chapter 2905

FY 2024-25

5.01%

Share of Sub-Chapter 2905’s total exports in FY 2024-25

Import side: 34.36% of Sub-Chapter 2905’s imports

Rank Within Sub-Chapter 2905

FY 2024-25

#8 of 37

Position by export value among HSN codes in Sub-Chapter 2905

Import-side rank: #1 of 37

At a glance

32.57%

Export CAGR

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

#1800

National Export Rank

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

+133.37%

Peak Growth Year

FY 2021-22 · strongest single-year move

5.01%

Contribution to Sub-Ch. 2905

Share of Sub-Chapter 2905 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29051100

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 #3263

Balance

−5,156.55

Exports

38.19 ₹ Cr

0.0017% share

— YoY

1.02% of Sub-Ch. 2905

Imports

5,194.74 ₹ Cr

0.1449% share

— YoY

34.55% of Sub-Ch. 2905

FY 2019-20 Exp. Rank #3394

Balance

−4,220.85

Exports

34.82 ₹ Cr

0.0016% share

−8.82% YoY

1.26% of Sub-Ch. 2905

Imports

4,255.67 ₹ Cr

0.1271% share

−18.08% YoY

33.20% of Sub-Ch. 2905

FY 2020-21 Exp. Rank #3847

Balance

−4,321.98

Exports

26.07 ₹ Cr

0.0012% share

−25.13% YoY

0.82% of Sub-Ch. 2905

Imports

4,348.05 ₹ Cr

0.1492% share

+2.17% YoY

34.08% of Sub-Ch. 2905

FY 2021-22 Exp. Rank #3095

Balance

−7,370.69

Exports

60.84 ₹ Cr

0.0019% share

+133.37% YoY

1.78% of Sub-Ch. 2905

Imports

7,431.53 ₹ Cr

0.1626% share

+70.92% YoY

35.86% of Sub-Ch. 2905

FY 2022-23 Exp. Rank #2141

Balance

−7,385.09

Exports

139.15 ₹ Cr

0.0038% share

+128.71% YoY

3.46% of Sub-Ch. 2905

Imports

7,524.24 ₹ Cr

0.1309% share

+1.25% YoY

32.24% of Sub-Ch. 2905

FY 2023-24 Exp. Rank #1917

Balance

−7,248.73

Exports

176.68 ₹ Cr

0.0049% share

+26.97% YoY

4.87% of Sub-Ch. 2905

Imports

7,425.41 ₹ Cr

0.1322% share

−1.31% YoY

38.36% of Sub-Ch. 2905

FY 2024-25 Exp. Rank #1800

Balance

−7,547.05

Exports

207.33 ₹ Cr

0.0056% share

+17.35% YoY

5.01% of Sub-Ch. 2905

Imports

7,754.38 ₹ Cr

0.1276% share

+4.43% YoY

34.36% of Sub-Ch. 2905

CAGR · 7-Year

Exports

32.57% /yr

Imports

6.90% /yr

Consistently Deficit
Sub-Chapter 2905 total

reference, FY 2024-25

Export

₹4,139.85 Cr

Import

₹22,566.51 Cr

Trade Balance

−18,426.66

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 29051100 Export-Import Analysis

Consistent Export Growth: 32.57% CAGR Over 7 Years

India's exports under HSN Code 29051100 have grown at a compound annual rate of 32.57% over 7 fiscal years, rising from ₹38.19 Crore in FY 2018-19 to ₹207.33 Crore in FY 2024-25.

HSN Code 29051100 Ranked #1800 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29051100 ranks #1800 out of 12657 HSN codes by total export value. Within Sub-Chapter 2905, it ranks #8 of 37. By trade surplus, it ranks #12585 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29051100 Exports

The strongest single-year export movement for HSN Code 29051100 was recorded in FY 2021-22, when exports surged by 133.37% over the prior year.

India Records a Trade Deficit of ₹7,547.05 Crore in HSN Code 29051100 Goods

In FY 2024-25, India's imports of ₹7,754.38 Cr exceeded exports of ₹207.33 Cr, resulting in a trade deficit of ₹7,547.05 Crore — ranking #12585 of 12657 by surplus magnitude.

Import Growth of 6.90% CAGR Signals Stable Import Dependency for Methanol (methyl alcohol)

India's imports under HSN Code 29051100 have grown at 6.90% CAGR, reaching ₹7,754.38 Crore in FY 2024-25.

HSN Code 29051100 Contributes 5.01% of Sub-Chapter 2905 Exports — Ranked #8

Among the 37 HSN codes under Sub-Chapter 2905, HSN Code 29051100 ranks #8 by export value — accounting for 5.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 34.36% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29051100 and GST compliance.

What products are classified under HSN 29051100 ?

It includes Methanol (methyl alcohol)

Do e‑way bill and e‑invoice apply for Methanol (methyl alcohol)?

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.

Any common misclassification issue with Methanol (methyl alcohol)?

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

Can we claim ITC on inputs used to trade Methanol (methyl alcohol)?

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

How much GST applies to Methanol (methyl alcohol)?

Under HSN 29051100, Methanol (methyl alcohol) attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Methanol (methyl alcohol) is sold with other items?

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

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.