--- title: "HSN Code for Formic acid | HSN 29151100 GST Rate" description: "Find HSN and GST Rates for 29151100 related to Formic acid with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29151100/" --- # HSN Code 29151100: Formic acid - [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 2915: Monocarboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2915/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Formic acid, its salts and esters : Formic acid | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29151100 ? It includes Formic acid ### How much GST applies to Formic acid? Under HSN 29151100, Formic acid attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Formic acid? 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 Formic acid? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Formic acid is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Formic acid; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Formic acid? 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 Formic acid? 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 29151100 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹4 Cr (−33.80% YoY) — 0.0001% of India's total exports - Imports: ₹128 Cr (+10.26% YoY) — 0.0021% of India's total imports - Trade balance: −₹125 Cr (Deficit); surplus rank #10971 of 12657 HSN codes - Share of Sub-Chapter 2915: 0.06% of its exports; import side 1.09% - Rank within Sub-Chapter 2915: #40 of 56 by export value; import-side #11 ### Key metrics - Export CAGR: 0.81% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6932 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +320.80% in FY 2021-22 - Contribution to Sub-Ch. 2915: 0.06% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29151100 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. 2915 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2915 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 3.64 | 0.0002% | — | 0.08% | 122.37 | 0.0034% | — | 1.16% | −118.73 | #6250 | | FY 2019-20 | 3.75 | 0.0002% | +3.02% | 0.08% | 92.63 | 0.0028% | −24.30% | 1.12% | −88.88 | #6186 | | FY 2020-21 | 1.25 | 0.0001% | −66.67% | 0.03% | 92.95 | 0.0032% | +0.35% | 1.12% | −91.70 | #7463 | | FY 2021-22 | 5.26 | 0.0002% | +320.80% | 0.08% | 220.88 | 0.0048% | +137.63% | 1.30% | −215.62 | #6285 | | FY 2022-23 | 4.35 | 0.0001% | −17.30% | 0.07% | 180.15 | 0.0031% | −18.44% | 1.23% | −175.80 | #6595 | | FY 2023-24 | 5.77 | 0.0002% | +32.64% | 0.10% | 116.42 | 0.0021% | −35.38% | 1.03% | −110.65 | #6410 | | FY 2024-25 | 3.82 | 0.0001% | −33.80% | 0.06% | 128.36 | 0.0021% | +10.26% | 1.09% | −124.54 | #6932 | - CAGR (7-year): exports 0.81%/yr, imports 0.80%/yr (consistently Deficit) ## Key trade insights: HSN Code 29151100 export-import analysis ### Consistent export growth: 0.81% CAGR over 7 years India's exports under HSN Code 29151100 have grown at a compound annual rate of 0.81% over 7 fiscal years, rising from ₹3.64 Crore in FY 2018-19 to ₹3.82 Crore in FY 2024-25. ### HSN Code 29151100 ranked #6932 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29151100 ranks #6932 out of 12657 HSN codes by total export value. Within Sub-Chapter 2915, it ranks #40 of 56. By trade surplus, it ranks #10971 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29151100 exports The strongest single-year export movement for HSN Code 29151100 was recorded in FY 2021-22, when exports surged by 320.80% over the prior year. ### India records a trade deficit of ₹124.54 Crore in HSN Code 29151100 goods In FY 2024-25, India's imports of ₹128.36 Cr exceeded exports of ₹3.82 Cr, resulting in a trade deficit of ₹124.54 Crore — ranking #10971 of 12657 by surplus magnitude. ### Import growth of 0.80% CAGR signals stable import dependency for Formic acid India's imports under HSN Code 29151100 have grown at 0.80% CAGR, reaching ₹128.36 Crore in FY 2024-25. ### HSN Code 29151100 contributes 0.06% of Sub-Chapter 2915 exports — ranked #40 Among the 56 HSN codes under Sub-Chapter 2915, HSN Code 29151100 ranks #40 by export value — accounting for 0.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.09% share (rank #11). ## Related HSN Codes in Sub-Chapter 2915 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29159099: Saturated Acyclic Monocarboxylic Acid Derivatives \| Other](https://busy.in/hsn/hsn-29159099/) | ₹1,100 Cr | | #2 | [HSN Code 29153100: Ethyl acetate](https://busy.in/hsn/hsn-29153100/) | ₹787 Cr | | #3 | [HSN Code 29157090: Palmitic & stearic acid: Other](https://busy.in/hsn/hsn-29157090/) | ₹553 Cr | | #4 | [HSN Code 29153999: Other esters of acetic acid](https://busy.in/hsn/hsn-29153999/) | ₹499 Cr | | #5 | [HSN Code 29157040: Other Halogenated Derivatives](https://busy.in/hsn/hsn-29157040/) | ₹487 Cr | | #6 | [HSN Code 29155000: Propionic Acid, Its Salts And Esters](https://busy.in/hsn/hsn-29155000/) | ₹306 Cr | | #7 | [HSN Code 29156020: Pentanoic acids, their salts, and esters](https://busy.in/hsn/hsn-29156020/) | ₹305 Cr | | #8 | [HSN Code 29152400: Acetic anhydride](https://busy.in/hsn/hsn-29152400/) | ₹272 Cr | | #9 | [HSN Code 29153970: Ortho tertiary butyl cyclohexyl acetate](https://busy.in/hsn/hsn-29153970/) | ₹221 Cr | | #10 | [HSN Code 29159060: Other\| N-Octanoyl Chloride](https://busy.in/hsn/hsn-29159060/) | ₹182 Cr | | #40 | HSN Code 29151100: Formic acid (this hsn code) | ₹4 Cr |