HSN Code 29151290: Salts of formic acid: Other

HSN Code 29151290 represents Salts of formic acid: Other under GST classification. This code helps businesses identify Salts of formic acid: Other correctly for billing, taxation, and trade. With HSN Code 29151290, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Salts of formic acid: Other.

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Description of Goods for HSN Code 29151290

HSN Code 29151290 relates to the following description.

Description of Goods

Formic acid, its salts and esters: Salts of formic acid : other

Chapter

29 - Organic chemicals

Sub Chapter

2915 - Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29151290 not include?

Salts of formic acid: Other does not include products with the following descriptions.

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - acetic acid and its salts; acetic anhydride : sodium acetate

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - acetic acid and its salts; acetic anhydride : cobalt acetates

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - esters of acetic acid : isobutyl acetate

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - esters of acetic acid : 2-ethoxyethyl acetate

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - esters of acetic acid : other : other

Mono-, di- or trichloroacetic acids, their salts and esters : Monochloroacetic acid, their salts and esters

Mono-, di- or trichloroacetic acids, their salts and esters : Dichloroacetic acid, their salts and esters

Mono-, di- or trichloroacetic acids, their salts and esters : Trichloroacetic acid, their salts and esters

Butanoic acids, pentanoic acids, their salts and esters :Butanoic acids, their salts and esters

Butanoic acids, pentanoic acids, their salts and esters :Pentanoic acids, their salts and esters

Palmitic acid, stearic acid, their salts and esters : Glycerol monostearate

Palmitic acid, stearic acid, their salts and esters : H.C.O.Fatty acid (including 12-hydroxy stearic acid)

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : octoic acid (caprylic acid)

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : hexoic acid (caproic acid)

Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : other

India’s Trade Performance — HSN Code 29151290 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

₹28 Cr

−44.91% vs FY 2023-24

0.0008% of India’s total exports

India’s Imports

FY 2024-25

₹114 Cr

−18.30% vs FY 2023-24

0.0019% of India’s total imports

Trade Balance

FY 2024-25

−₹86 Cr

Trade Deficit

Surplus rank #10683 of 12657 HSN codes

% of Sub-Chapter 2915

FY 2024-25

0.44%

Share of Sub-Chapter 2915’s total exports in FY 2024-25

Import side: 0.97% of Sub-Chapter 2915’s imports

Rank Within Sub-Chapter 2915

FY 2024-25

#30 of 56

Position by export value among HSN codes in Sub-Chapter 2915

Import-side rank: #12 of 56

At a glance

−22.63%

Export CAGR

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

#4419

National Export Rank

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

+40.35%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.44%

Contribution to Sub-Ch. 2915

Share of Sub-Chapter 2915 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #1712

Balance

−278.67

Exports

131.76 ₹ Cr

0.0058% share

YoY

2.86% of Sub-Ch. 2915

Imports

410.43 ₹ Cr

0.0114% share

YoY

3.89% of Sub-Ch. 2915

FY 2019-20 Exp. Rank #2387

Balance

−269.43

Exports

73.27 ₹ Cr

0.0033% share

−44.39% YoY

1.60% of Sub-Ch. 2915

Imports

342.70 ₹ Cr

0.0102% share

−16.50% YoY

4.13% of Sub-Ch. 2915

FY 2020-21 Exp. Rank #2404

Balance

−88.41

Exports

74.47 ₹ Cr

0.0035% share

+1.64% YoY

1.51% of Sub-Ch. 2915

Imports

162.88 ₹ Cr

0.0056% share

−52.47% YoY

1.97% of Sub-Ch. 2915

FY 2021-22 Exp. Rank #2355

Balance

−146.97

Exports

104.52 ₹ Cr

0.0033% share

+40.35% YoY

1.60% of Sub-Ch. 2915

Imports

251.49 ₹ Cr

0.0055% share

+54.40% YoY

1.47% of Sub-Ch. 2915

FY 2022-23 Exp. Rank #2253

Balance

+15.04

Exports

124.61 ₹ Cr

0.0034% share

+19.22% YoY

1.87% of Sub-Ch. 2915

Imports

109.57 ₹ Cr

0.0019% share

−56.43% YoY

0.75% of Sub-Ch. 2915

FY 2023-24 Exp. Rank #3494

Balance

−88.45

Exports

51.30 ₹ Cr

0.0014% share

−58.83% YoY

0.91% of Sub-Ch. 2915

Imports

139.75 ₹ Cr

0.0025% share

+27.54% YoY

1.24% of Sub-Ch. 2915

FY 2024-25 Exp. Rank #4419

Balance

−85.91

Exports

28.26 ₹ Cr

0.0008% share

−44.91% YoY

0.44% of Sub-Ch. 2915

Imports

114.17 ₹ Cr

0.0019% share

−18.30% YoY

0.97% of Sub-Ch. 2915

CAGR · 7-Year

Exports

−22.63% /yr

Imports

−19.20% /yr

Consistently Deficit
Sub-Chapter 2915 total

reference, FY 2024-25

Export

₹6,423.60 Cr

Import

₹11,830.21 Cr

Trade Balance

−5,406.61

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

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29151290 and GST compliance.

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.

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.