---
title: "HSN Code for Salts of formic acid: Other | HSN 29151290 GST Rate"
description: "Find HSN and GST Rates for 29151290 related to Salts of formic acid: Other with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-29151290/"
---

# HSN Code 29151290: Salts of formic acid: Other

- [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: Salts of formic acid : other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 29151290 ?

It includes Salts of formic acid: Other

### Can we claim ITC on inputs used to trade Salts of formic acid: Other?

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 Salts of formic acid: Other?

Under HSN 29151290, Salts of formic acid: Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Salts of formic acid: Other?

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 Salts of formic acid: Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Salts of formic acid: Other; Nil for exempt items if applicable).

### Do e‑way bill and e‑invoice apply for Salts of formic acid: Other?

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.

## India's trade performance: HSN Code 29151290 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹28 Cr (−44.91% YoY) — 0.0008% of India's total exports
- Imports: ₹114 Cr (−18.30% YoY) — 0.0019% of India's total imports
- Trade balance: −₹86 Cr (Deficit); surplus rank #10683 of 12657 HSN codes
- Share of Sub-Chapter 2915: 0.44% of its exports; import side 0.97%
- Rank within Sub-Chapter 2915: #30 of 56 by export value; import-side #12

### Key metrics

- Export CAGR: -22.63% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4419 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +40.35% in FY 2021-22
- Contribution to Sub-Ch. 2915: 0.44% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 29151290

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 | 131.76 | 0.0058% | — | 2.86% | 410.43 | 0.0114% | — | 3.89% | −278.67 | #1712 |
| FY 2019-20 | 73.27 | 0.0033% | −44.39% | 1.60% | 342.70 | 0.0102% | −16.50% | 4.13% | −269.43 | #2387 |
| FY 2020-21 | 74.47 | 0.0035% | +1.64% | 1.51% | 162.88 | 0.0056% | −52.47% | 1.97% | −88.41 | #2404 |
| FY 2021-22 | 104.52 | 0.0033% | +40.35% | 1.60% | 251.49 | 0.0055% | +54.40% | 1.47% | −146.97 | #2355 |
| FY 2022-23 | 124.61 | 0.0034% | +19.22% | 1.87% | 109.57 | 0.0019% | −56.43% | 0.75% | +15.04 | #2253 |
| FY 2023-24 | 51.30 | 0.0014% | −58.83% | 0.91% | 139.75 | 0.0025% | +27.54% | 1.24% | −88.45 | #3494 |
| FY 2024-25 | 28.26 | 0.0008% | −44.91% | 0.44% | 114.17 | 0.0019% | −18.30% | 0.97% | −85.91 | #4419 |

- CAGR (7-year): exports -22.63%/yr, imports -19.20%/yr (consistently Deficit)

## Key trade insights: HSN Code 29151290 export-import analysis

### Export decline: -22.63% CAGR over 7 years

India's exports under HSN Code 29151290 have declined at a compound annual rate of -22.63% over 7 fiscal years, falling from ₹131.76 Crore in FY 2018-19 to ₹28.26 Crore in FY 2024-25.

### HSN Code 29151290 ranked #4419 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 29151290 ranks #4419 out of 12657 HSN codes by total export value. Within Sub-Chapter 2915, it ranks #30 of 56. By trade surplus, it ranks #10683 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 29151290 exports

The strongest single-year export movement for HSN Code 29151290 was recorded in FY 2021-22, when exports surged by 40.35% over the prior year.

### India records a trade deficit of ₹85.91 Crore in HSN Code 29151290 goods

In FY 2024-25, India's imports of ₹114.17 Cr exceeded exports of ₹28.26 Cr, resulting in a trade deficit of ₹85.91 Crore — ranking #10683 of 12657 by surplus magnitude.

### Import growth of -19.20% CAGR signals stable import dependency for Salts of formic acid: Other

India's imports under HSN Code 29151290 have grown at -19.20% CAGR, reaching ₹114.17 Crore in FY 2024-25.

### HSN Code 29151290 contributes 0.44% of Sub-Chapter 2915 exports — ranked #30

Among the 56 HSN codes under Sub-Chapter 2915, HSN Code 29151290 ranks #30 by export value — accounting for 0.44% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.97% share (rank #12).

## 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 |
| #30 | HSN Code 29151290: Salts of formic acid: Other (this hsn code) | ₹28 Cr |