--- title: "HSN Code for Other Polyhydric Alcohols | Glycerol | HSN 29054500 GST Rate" description: "Find HSN and GST Rates for 29054500 related to Other Polyhydric Alcohols | Glycerol with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29054500/" --- # HSN Code 29054500: Other Polyhydric Alcohols | Glycerol - [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 2905: Acyclic alcohols & derivatives](https://busy.in/hsn/sub-chapter-2905/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other polyhydric alcohols : Glycerol | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29054500 ? It includes Other Polyhydric Alcohols | Glycerol ### Do e‑way bill and e‑invoice apply for Other Polyhydric Alcohols / Glycerol? 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. ### How should mixed supplies be billed when Other Polyhydric Alcohols / Glycerol is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Polyhydric Alcohols / Glycerol; Nil for exempt items if applicable). ### How much GST applies to Other Polyhydric Alcohols / Glycerol? Under HSN 29054500, Other Polyhydric Alcohols / Glycerol attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Any common misclassification issue with Other Polyhydric Alcohols / Glycerol? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### Does packaging or labelling change the GST for Other Polyhydric Alcohols / Glycerol? 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. ## India's trade performance: HSN Code 29054500 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹161 Cr (+2.97% YoY) — 0.0044% of India's total exports - Imports: ₹489 Cr (+37.96% YoY) — 0.0081% of India's total imports - Trade balance: −₹328 Cr (Deficit); surplus rank #11640 of 12657 HSN codes - Share of Sub-Chapter 2905: 3.88% of its exports; import side 2.17% - Rank within Sub-Chapter 2905: #9 of 37 by export value; import-side #9 ### Key metrics - Export CAGR: 20.45% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2081 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +106.60% in FY 2020-21 - Contribution to Sub-Ch. 2905: 3.88% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29054500 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. 2905 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2905 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 52.62 | 0.0023% | — | 1.40% | 381.06 | 0.0106% | — | 2.53% | −328.44 | #2774 | | FY 2019-20 | 40.45 | 0.0018% | −23.13% | 1.47% | 159.96 | 0.0048% | −58.02% | 1.25% | −119.51 | #3188 | | FY 2020-21 | 83.57 | 0.0039% | +106.60% | 2.64% | 279.02 | 0.0096% | +74.43% | 2.19% | −195.45 | #2268 | | FY 2021-22 | 145.03 | 0.0046% | +73.54% | 4.25% | 649.19 | 0.0142% | +132.67% | 3.13% | −504.16 | #1978 | | FY 2022-23 | 165.06 | 0.0046% | +13.81% | 4.11% | 540.42 | 0.0094% | −16.75% | 2.32% | −375.36 | #1931 | | FY 2023-24 | 156.08 | 0.0043% | −5.44% | 4.30% | 354.53 | 0.0063% | −34.40% | 1.83% | −198.45 | #2061 | | FY 2024-25 | 160.72 | 0.0044% | +2.97% | 3.88% | 489.10 | 0.0081% | +37.96% | 2.17% | −328.38 | #2081 | - CAGR (7-year): exports 20.45%/yr, imports 4.25%/yr (consistently Deficit) ## Key trade insights: HSN Code 29054500 export-import analysis ### Consistent export growth: 20.45% CAGR over 7 years India's exports under HSN Code 29054500 have grown at a compound annual rate of 20.45% over 7 fiscal years, rising from ₹52.62 Crore in FY 2018-19 to ₹160.72 Crore in FY 2024-25. ### HSN Code 29054500 ranked #2081 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29054500 ranks #2081 out of 12657 HSN codes by total export value. Within Sub-Chapter 2905, it ranks #9 of 37. By trade surplus, it ranks #11640 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 29054500 exports The strongest single-year export movement for HSN Code 29054500 was recorded in FY 2020-21, when exports surged by 106.60% over the prior year. ### India records a trade deficit of ₹328.38 Crore in HSN Code 29054500 goods In FY 2024-25, India's imports of ₹489.10 Cr exceeded exports of ₹160.72 Cr, resulting in a trade deficit of ₹328.38 Crore — ranking #11640 of 12657 by surplus magnitude. ### Import growth of 4.25% CAGR signals stable import dependency for Other Polyhydric Alcohols | Glycerol India's imports under HSN Code 29054500 have grown at 4.25% CAGR, reaching ₹489.10 Crore in FY 2024-25. ### HSN Code 29054500 contributes 3.88% of Sub-Chapter 2905 exports — ranked #9 Among the 37 HSN codes under Sub-Chapter 2905, HSN Code 29054500 ranks #9 by export value — accounting for 3.88% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.17% share (rank #9). ## Related HSN Codes in Sub-Chapter 2905 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29052250: Dihydromyrcenol: Unsaturated Monohydric Acyclic Terpene Alcohol](https://busy.in/hsn/hsn-29052250/) | ₹666 Cr | | #2 | [HSN Code 29054400: Other polyhydric alcohols : D-glucitol (Sorbitol)](https://busy.in/hsn/hsn-29054400/) | ₹565 Cr | | #3 | [HSN Code 29053990: Other diols](https://busy.in/hsn/hsn-29053990/) | ₹375 Cr | | #4 | [HSN Code 29051990: Saturated monohydric alcohols : Other: other](https://busy.in/hsn/hsn-29051990/) | ₹358 Cr | | #5 | [HSN Code 29052900: Unsaturated Monohydric Alcohols \| Other](https://busy.in/hsn/hsn-29052900/) | ₹308 Cr | | #6 | [HSN Code 29053100: Ethylene glycol](https://busy.in/hsn/hsn-29053100/) | ₹301 Cr | | #7 | [HSN Code 29051700: Lauryl/Cetyl/Stearyl Alcohol](https://busy.in/hsn/hsn-29051700/) | ₹248 Cr | | #8 | [HSN Code 29051100: Methanol (methyl alcohol)](https://busy.in/hsn/hsn-29051100/) | ₹207 Cr | | #9 | HSN Code 29054500: Other Polyhydric Alcohols \| Glycerol (this hsn code) | ₹161 Cr | | #10 | [HSN Code 29051220: Isopropyl Alcohol](https://busy.in/hsn/hsn-29051220/) | ₹114 Cr |