---
title: "HSN Code for Esters of formic acid | HSN 29151300 GST Rate"
description: "Find HSN and GST Rates for 29151300 related to Esters of formic acid with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-29151300/"
---

# HSN Code 29151300: Esters of 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 : Esters of formic acid | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 29151300 ?

It includes Esters of formic acid

### Do e‑way bill and e‑invoice apply for Esters of 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.

### Can we claim ITC on inputs used to trade Esters of 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 Esters of 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.

### How should mixed supplies be billed when Esters of formic acid is sold with other items?

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

### Any common misclassification issue with Esters of 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 much GST applies to Esters of formic acid?

Under HSN 29151300, Esters of formic acid attracts Varies when sold in taxable form. Describe the exact form on the invoice.

## India's trade performance: HSN Code 29151300 (FY 2024-25)

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

- Exports: ₹36 Cr (+1.94% YoY) — 0.0010% of India's total exports
- Imports: ₹57 Cr (+11.61% YoY) — 0.0009% of India's total imports
- Trade balance: −₹21 Cr (Deficit); surplus rank #9588 of 12657 HSN codes
- Share of Sub-Chapter 2915: 0.56% of its exports; import side 0.48%
- Rank within Sub-Chapter 2915: #26 of 56 by export value; import-side #18

### Key metrics

- Export CAGR: 31.56% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4079 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +105.23% in FY 2020-21
- Contribution to Sub-Ch. 2915: 0.56% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 29151300

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 | 6.89 | 0.0003% | — | 0.15% | 133.46 | 0.0037% | — | 1.26% | −126.57 | #5451 |
| FY 2019-20 | 12.99 | 0.0006% | +88.53% | 0.28% | 117.79 | 0.0035% | −11.74% | 1.42% | −104.80 | #4675 |
| FY 2020-21 | 26.66 | 0.0012% | +105.23% | 0.54% | 132.85 | 0.0046% | +12.79% | 1.61% | −106.19 | #3817 |
| FY 2021-22 | 40.30 | 0.0013% | +51.16% | 0.62% | 132.75 | 0.0029% | −0.08% | 0.78% | −92.45 | #3664 |
| FY 2022-23 | 25.19 | 0.0007% | −37.49% | 0.38% | 51.76 | 0.0009% | −61.01% | 0.35% | −26.57 | #4393 |
| FY 2023-24 | 35.05 | 0.0010% | +39.14% | 0.62% | 51.07 | 0.0009% | −1.33% | 0.45% | −16.02 | #4040 |
| FY 2024-25 | 35.73 | 0.0010% | +1.94% | 0.56% | 57.00 | 0.0009% | +11.61% | 0.48% | −21.27 | #4079 |

- CAGR (7-year): exports 31.56%/yr, imports -13.22%/yr (consistently Deficit)

## Key trade insights: HSN Code 29151300 export-import analysis

### Consistent export growth: 31.56% CAGR over 7 years

India's exports under HSN Code 29151300 have grown at a compound annual rate of 31.56% over 7 fiscal years, rising from ₹6.89 Crore in FY 2018-19 to ₹35.73 Crore in FY 2024-25.

### HSN Code 29151300 ranked #4079 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 29151300 ranks #4079 out of 12657 HSN codes by total export value. Within Sub-Chapter 2915, it ranks #26 of 56. By trade surplus, it ranks #9588 of 12657.

### FY 2020-21 was the strongest growth year for HSN Code 29151300 exports

The strongest single-year export movement for HSN Code 29151300 was recorded in FY 2020-21, when exports surged by 105.23% over the prior year.

### India records a trade deficit of ₹21.27 Crore in HSN Code 29151300 goods

In FY 2024-25, India's imports of ₹57.00 Cr exceeded exports of ₹35.73 Cr, resulting in a trade deficit of ₹21.27 Crore — ranking #9588 of 12657 by surplus magnitude.

### Import growth of -13.22% CAGR signals stable import dependency for Esters of formic acid

India's imports under HSN Code 29151300 have grown at -13.22% CAGR, reaching ₹57.00 Crore in FY 2024-25.

### HSN Code 29151300 contributes 0.56% of Sub-Chapter 2915 exports — ranked #26

Among the 56 HSN codes under Sub-Chapter 2915, HSN Code 29151300 ranks #26 by export value — accounting for 0.56% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.48% share (rank #18).

## 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 |
| #26 | HSN Code 29151300: Esters of formic acid (this hsn code) | ₹36 Cr |