HSN Code 29153940: Methyl acetate

HSN Code 29153940 represents Methyl acetate under GST classification. This code helps businesses identify Methyl acetate correctly for billing, taxation, and trade. With HSN Code 29153940, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Methyl acetate.

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Description of Goods for HSN Code 29153940

HSN Code 29153940 relates to the following description.

Description of Goods

Esters of acetic acid : other : Methyl acetate

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 29153940 not include?

Methyl acetate does not include products with the following descriptions.

HSN Code 29152200

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

HSN Code 29152300

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

HSN Code 29153400

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

HSN Code 29153500

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

HSN Code 29153990

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

HSN Code 29154010

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

HSN Code 29154020

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

HSN Code 29154030

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

HSN Code 29156010

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

HSN Code 29156020

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

HSN Code 29157030

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

HSN Code 29157040

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

HSN Code 29159020

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

HSN Code 29159030

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

HSN Code 29159090

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 29153940 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

₹2 Cr

+93.33% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹10 Cr

+38.77% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

−₹8 Cr

Trade Deficit

Surplus rank #8919 of 12657 HSN codes

% of Sub-Chapter 2915

FY 2024-25

0.03%

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

Import side: 0.08% of Sub-Chapter 2915’s imports

Rank Within Sub-Chapter 2915

FY 2024-25

#44 of 56

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

Import-side rank: #27 of 56

At a glance

−7.89%

Export CAGR

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

#7724

National Export Rank

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

+93.33%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.03%

Contribution to Sub-Ch. 2915

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

India Export-Import Trade Statistics for HSN Code 29153940

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 #6539

Balance

−2.41

Exports

2.85 ₹ Cr

0.0001% share

— YoY

0.06% of Sub-Ch. 2915

Imports

5.26 ₹ Cr

0.0001% share

— YoY

0.05% of Sub-Ch. 2915

FY 2019-20 Exp. Rank #6565

Balance

−11.27

Exports

2.78 ₹ Cr

0.0001% share

−2.46% YoY

0.06% of Sub-Ch. 2915

Imports

14.05 ₹ Cr

0.0004% share

+167.11% YoY

0.17% of Sub-Ch. 2915

FY 2020-21 Exp. Rank #6461

Balance

−12.60

Exports

3.25 ₹ Cr

0.0002% share

+16.91% YoY

0.07% of Sub-Ch. 2915

Imports

15.85 ₹ Cr

0.0005% share

+12.81% YoY

0.19% of Sub-Ch. 2915

FY 2021-22 Exp. Rank #7358

Balance

−11.88

Exports

1.92 ₹ Cr

0.0001% share

−40.92% YoY

0.03% of Sub-Ch. 2915

Imports

13.80 ₹ Cr

0.0003% share

−12.93% YoY

0.08% of Sub-Ch. 2915

FY 2022-23 Exp. Rank #7228

Balance

−8.68

Exports

2.41 ₹ Cr

0.0001% share

+25.52% YoY

0.04% of Sub-Ch. 2915

Imports

11.09 ₹ Cr

0.0002% share

−19.64% YoY

0.08% of Sub-Ch. 2915

FY 2023-24 Exp. Rank #8324

Balance

−6.27

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−62.66% YoY

0.02% of Sub-Ch. 2915

Imports

7.17 ₹ Cr

0.0001% share

−35.35% YoY

0.06% of Sub-Ch. 2915

FY 2024-25 Exp. Rank #7724

Balance

−8.21

Exports

1.74 ₹ Cr

0.0000% share

+93.33% YoY

0.03% of Sub-Ch. 2915

Imports

9.95 ₹ Cr

0.0002% share

+38.77% YoY

0.08% of Sub-Ch. 2915

CAGR · 7-Year

Exports

−7.89% /yr

Imports

11.21% /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 29153940 Export-Import Analysis

Export Decline: −7.89% CAGR Over 7 Years

India's exports under HSN Code 29153940 have declined at a compound annual rate of −7.89% over 7 fiscal years, falling from ₹2.85 Crore in FY 2018-19 to ₹1.74 Crore in FY 2024-25.

HSN Code 29153940 Ranked #7724 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29153940 ranks #7724 out of 12657 HSN codes by total export value. Within Sub-Chapter 2915, it ranks #44 of 56. By trade surplus, it ranks #8919 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 29153940 Exports

The strongest single-year export movement for HSN Code 29153940 was recorded in FY 2024-25, when exports surged by 93.33% over the prior year.

India Records a Trade Deficit of ₹8.21 Crore in HSN Code 29153940 Goods

In FY 2024-25, India's imports of ₹9.95 Cr exceeded exports of ₹1.74 Cr, resulting in a trade deficit of ₹8.21 Crore — ranking #8919 of 12657 by surplus magnitude.

Import Growth of 11.21% CAGR Signals Rising Demand for Methyl acetate

India's imports under HSN Code 29153940 have grown at 11.21% CAGR, reaching ₹9.95 Crore in FY 2024-25.

HSN Code 29153940 Contributes 0.03% of Sub-Chapter 2915 Exports — Ranked #44

Among the 56 HSN codes under Sub-Chapter 2915, HSN Code 29153940 ranks #44 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.08% share (rank #27).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29153940 and GST compliance.

What products are classified under HSN 29153940 ?

It includes Methyl acetate

Does packaging or labelling change the GST for Methyl acetate?

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 Methyl acetate is sold with other items?

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

How much GST applies to Methyl acetate?

Under HSN 29153940, Methyl acetate attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Methyl acetate?

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 Methyl acetate?

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

Any common misclassification issue with Methyl acetate?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

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.