HSN Code 29062990: Other Aromatic Alcohols

HSN Code 29062990 represents Other Aromatic Alcohols under GST classification. This code helps businesses identify Other Aromatic Alcohols correctly for billing, taxation, and trade. With HSN Code 29062990, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other Aromatic Alcohols.

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Description of Goods for HSN Code 29062990

HSN Code 29062990 relates to the following description.

Description of Goods

Aromatic : other : 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 29062990 not include?

Other Aromatic Alcohols 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 29062990 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

₹301 Cr

+22.61% vs FY 2023-24

0.0082% of India’s total exports

India’s Imports

FY 2024-25

₹485 Cr

+74.64% vs FY 2023-24

0.0080% of India’s total imports

Trade Balance

FY 2024-25

−₹184 Cr

Trade Deficit

Surplus rank #11265 of 12657 HSN codes

% of Sub-Chapter 2906

FY 2024-25

11.70%

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

Import side: 19.38% of Sub-Chapter 2906’s imports

Rank Within Sub-Chapter 2906

FY 2024-25

#3 of 11

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

Import-side rank: #2 of 11

At a glance

−5.49%

Export CAGR

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

#1440

National Export Rank

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

+23.90%

Peak Growth Year

FY 2021-22 · strongest single-year move

11.70%

Contribution to Sub-Ch. 2906

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

India Export-Import Trade Statistics for HSN Code 29062990

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 #756

Balance

+274.87

Exports

422.42 ₹ Cr

0.0185% share

— YoY

11.97% of Sub-Ch. 2906

Imports

147.55 ₹ Cr

0.0041% share

— YoY

21.11% of Sub-Ch. 2906

FY 2019-20 Exp. Rank #865

Balance

+158.92

Exports

355.55 ₹ Cr

0.0162% share

−15.83% YoY

10.03% of Sub-Ch. 2906

Imports

196.63 ₹ Cr

0.0059% share

+33.26% YoY

21.76% of Sub-Ch. 2906

FY 2020-21 Exp. Rank #1405

Balance

−34.43

Exports

192.77 ₹ Cr

0.0090% share

−45.78% YoY

5.87% of Sub-Ch. 2906

Imports

227.20 ₹ Cr

0.0078% share

+15.55% YoY

20.75% of Sub-Ch. 2906

FY 2021-22 Exp. Rank #1485

Balance

−101.68

Exports

238.85 ₹ Cr

0.0076% share

+23.90% YoY

7.01% of Sub-Ch. 2906

Imports

340.53 ₹ Cr

0.0075% share

+49.88% YoY

29.47% of Sub-Ch. 2906

FY 2022-23 Exp. Rank #1517

Balance

−181.87

Exports

246.38 ₹ Cr

0.0068% share

+3.15% YoY

9.23% of Sub-Ch. 2906

Imports

428.25 ₹ Cr

0.0074% share

+25.76% YoY

30.88% of Sub-Ch. 2906

FY 2023-24 Exp. Rank #1573

Balance

−32.24

Exports

245.57 ₹ Cr

0.0068% share

−0.33% YoY

9.73% of Sub-Ch. 2906

Imports

277.81 ₹ Cr

0.0049% share

−35.13% YoY

14.74% of Sub-Ch. 2906

FY 2024-25 Exp. Rank #1440

Balance

−184.08

Exports

301.09 ₹ Cr

0.0082% share

+22.61% YoY

11.70% of Sub-Ch. 2906

Imports

485.17 ₹ Cr

0.0080% share

+74.64% YoY

19.38% of Sub-Ch. 2906

CAGR · 7-Year

Exports

−5.49% /yr

Imports

21.94% /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 29062990 Export-Import Analysis

Export Decline: −5.49% CAGR Over 7 Years

India's exports under HSN Code 29062990 have declined at a compound annual rate of −5.49% over 7 fiscal years, falling from ₹422.42 Crore in FY 2018-19 to ₹301.09 Crore in FY 2024-25.

HSN Code 29062990 Ranked #1440 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29062990 ranks #1440 out of 12657 HSN codes by total export value. Within Sub-Chapter 2906, it ranks #3 of 11. By trade surplus, it ranks #11265 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29062990 Exports

The strongest single-year export movement for HSN Code 29062990 was recorded in FY 2021-22, when exports surged by 23.90% over the prior year.

India Records a Trade Deficit of ₹184.08 Crore in HSN Code 29062990 Goods

In FY 2024-25, India's imports of ₹485.17 Cr exceeded exports of ₹301.09 Cr, resulting in a trade deficit of ₹184.08 Crore — ranking #11265 of 12657 by surplus magnitude.

Import Growth of 21.94% CAGR Signals Rising Demand for Other Aromatic Alcohols

India's imports under HSN Code 29062990 have grown at 21.94% CAGR, reaching ₹485.17 Crore in FY 2024-25.

HSN Code 29062990 Contributes 11.70% of Sub-Chapter 2906 Exports — Ranked #3

Among the 11 HSN codes under Sub-Chapter 2906, HSN Code 29062990 ranks #3 by export value — accounting for 11.70% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 19.38% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29062990 and GST compliance.

What products are classified under HSN 29062990 ?

It includes Other Aromatic Alcohols

Any common misclassification issue with Other Aromatic Alcohols?

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 Other Aromatic Alcohols?

Under HSN 29062990, Other Aromatic Alcohols attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Other Aromatic Alcohols is sold with other items?

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

Can we claim ITC on inputs used to trade Other Aromatic Alcohols?

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

Does packaging or labelling change the GST for Other Aromatic Alcohols?

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.

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.