HSN Code 29061390: Sterols and inositols

HSN Code 29061390 represents Sterols and inositols under GST classification. This code helps businesses identify Sterols and inositols correctly for billing, taxation, and trade. With HSN Code 29061390, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Sterols and inositols.

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Description of Goods for HSN Code 29061390

HSN Code 29061390 relates to the following description.

Description of Goods

Cyclanic, cyclenic or cycloterpenic : Sterols and inositols : Other

Chapter

29 - Organic chemicals

Sub Chapter

2906 - Cyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29061390 not include?

Sterols and inositols does not include products with the following descriptions.

HSN Code 29061200

Cyclanic, cyclenic or cycloterpenic : Cyclohexanol, methylcyclohexanols and dimethylcyclohexanols

HSN Code 29061400

Cyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives - cyclanic, cyclenic or cycloterpenic : terpineols

India’s Trade Performance — HSN Code 29061390 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

₹29 Cr

+10.01% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹36 Cr

−27.24% vs FY 2023-24

0.0006% of India’s total imports

Trade Balance

FY 2024-25

−₹7 Cr

Trade Deficit

Surplus rank #8819 of 12657 HSN codes

% of Sub-Chapter 2906

FY 2024-25

1.13%

Share of Sub-Chapter 2906’s total exports in FY 2024-25

Import side: 1.44% of Sub-Chapter 2906’s imports

Rank Within Sub-Chapter 2906

FY 2024-25

#5 of 11

Position by export value among HSN codes in Sub-Chapter 2906

Import-side rank: #5 of 11

At a glance

−5.75%

Export CAGR

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

#4378

National Export Rank

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

+55.86%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.13%

Contribution to Sub-Ch. 2906

Share of Sub-Chapter 2906 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29061390

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 #3152

Balance

+9.72

Exports

41.54 ₹ Cr

0.0018% share

— YoY

1.18% of Sub-Ch. 2906

Imports

31.82 ₹ Cr

0.0009% share

— YoY

4.55% of Sub-Ch. 2906

FY 2019-20 Exp. Rank #3306

Balance

−1.85

Exports

37.11 ₹ Cr

0.0017% share

−10.66% YoY

1.05% of Sub-Ch. 2906

Imports

38.96 ₹ Cr

0.0012% share

+22.44% YoY

4.31% of Sub-Ch. 2906

FY 2020-21 Exp. Rank #3451

Balance

+3.34

Exports

34.71 ₹ Cr

0.0016% share

−6.47% YoY

1.06% of Sub-Ch. 2906

Imports

31.37 ₹ Cr

0.0011% share

−19.48% YoY

2.86% of Sub-Ch. 2906

FY 2021-22 Exp. Rank #3257

Balance

+24.16

Exports

54.10 ₹ Cr

0.0017% share

+55.86% YoY

1.59% of Sub-Ch. 2906

Imports

29.94 ₹ Cr

0.0007% share

−4.56% YoY

2.59% of Sub-Ch. 2906

FY 2022-23 Exp. Rank #2875

Balance

+14.81

Exports

78.12 ₹ Cr

0.0022% share

+44.40% YoY

2.93% of Sub-Ch. 2906

Imports

63.31 ₹ Cr

0.0011% share

+111.46% YoY

4.57% of Sub-Ch. 2906

FY 2023-24 Exp. Rank #4395

Balance

−23.13

Exports

26.47 ₹ Cr

0.0007% share

−66.12% YoY

1.05% of Sub-Ch. 2906

Imports

49.60 ₹ Cr

0.0009% share

−21.66% YoY

2.63% of Sub-Ch. 2906

FY 2024-25 Exp. Rank #4378

Balance

−6.97

Exports

29.12 ₹ Cr

0.0008% share

+10.01% YoY

1.13% of Sub-Ch. 2906

Imports

36.09 ₹ Cr

0.0006% share

−27.24% YoY

1.44% of Sub-Ch. 2906

CAGR · 7-Year

Exports

−5.75% /yr

Imports

2.12% /yr

Consistently Deficit
Sub-Chapter 2906 total

reference, FY 2024-25

Export

₹2,574.03 Cr

Import

₹2,503.79 Cr

Trade Balance

+70.24

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

Key Trade Insights: HSN Code 29061390 Export-Import Analysis

Export Decline: −5.75% CAGR Over 7 Years

India's exports under HSN Code 29061390 have declined at a compound annual rate of −5.75% over 7 fiscal years, falling from ₹41.54 Crore in FY 2018-19 to ₹29.12 Crore in FY 2024-25.

HSN Code 29061390 Ranked #4378 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29061390 ranks #4378 out of 12657 HSN codes by total export value. Within Sub-Chapter 2906, it ranks #5 of 11. By trade surplus, it ranks #8819 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29061390 Exports

The strongest single-year export movement for HSN Code 29061390 was recorded in FY 2021-22, when exports surged by 55.86% over the prior year.

India Records a Trade Deficit of ₹6.97 Crore in HSN Code 29061390 Goods

In FY 2024-25, India's imports of ₹36.09 Cr exceeded exports of ₹29.12 Cr, resulting in a trade deficit of ₹6.97 Crore — ranking #8819 of 12657 by surplus magnitude.

Import Growth of 2.12% CAGR Signals Stable Import Dependency for Sterols and inositols

India's imports under HSN Code 29061390 have grown at 2.12% CAGR, reaching ₹36.09 Crore in FY 2024-25.

HSN Code 29061390 Contributes 1.13% of Sub-Chapter 2906 Exports — Ranked #5

Among the 11 HSN codes under Sub-Chapter 2906, HSN Code 29061390 ranks #5 by export value — accounting for 1.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.44% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29061390 and GST compliance.

What products are classified under HSN 29061390 ?

It includes Sterols and inositols

Any common misclassification issue with Sterols and inositols?

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 Sterols and inositols?

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.

How much GST applies to Sterols and inositols?

Under HSN 29061390, Sterols and inositols attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Sterols and inositols is sold with other items?

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

Do e‑way bill and e‑invoice apply for Sterols and inositols?

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.

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.