---
title: "HSN Code for Palmitic acid | HSN 29157010 GST Rate"
description: "Find HSN and GST Rates for 29157010 related to Palmitic acid with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-29157010/"
---

# HSN Code 29157010: Palmitic 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 |
| --- | --- | --- | --- | --- |
| Palmitic acid, stearic acid, their salts and esters : Palmitic acid | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 29157010 ?

It includes Palmitic acid

### Does packaging or labelling change the GST for Palmitic 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.

### Any common misclassification issue with Palmitic acid?

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

### Do e‑way bill and e‑invoice apply for Palmitic 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.

### How much GST applies to Palmitic acid?

Under HSN 29157010, Palmitic acid attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Can we claim ITC on inputs used to trade Palmitic acid?

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

## India's trade performance: HSN Code 29157010 (FY 2024-25)

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

- Exports: ₹20 Cr (−26.65% YoY) — 0.0005% of India's total exports
- Imports: ₹37 Cr (+73.37% YoY) — 0.0006% of India's total imports
- Trade balance: −₹18 Cr (Deficit); surplus rank #9467 of 12657 HSN codes
- Share of Sub-Chapter 2915: 0.30% of its exports; import side 0.31%
- Rank within Sub-Chapter 2915: #32 of 56 by export value; import-side #23

### Key metrics

- Export CAGR: -0.80% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #4914 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +919.28% in FY 2021-22
- Contribution to Sub-Ch. 2915: 0.30% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 29157010

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 | 20.51 | 0.0009% | — | 0.44% | 11.03 | 0.0003% | — | 0.10% | +9.48 | #4078 |
| FY 2019-20 | 14.77 | 0.0007% | −27.99% | 0.32% | 8.22 | 0.0002% | −25.48% | 0.10% | +6.55 | #4516 |
| FY 2020-21 | 3.32 | 0.0002% | −77.52% | 0.07% | 15.06 | 0.0005% | +83.21% | 0.18% | −11.74 | #6433 |
| FY 2021-22 | 33.84 | 0.0011% | +919.28% | 0.52% | 25.06 | 0.0005% | +66.40% | 0.15% | +8.78 | #3888 |
| FY 2022-23 | 50.62 | 0.0014% | +49.59% | 0.76% | 32.41 | 0.0006% | +29.33% | 0.22% | +18.21 | #3459 |
| FY 2023-24 | 26.64 | 0.0007% | −47.37% | 0.47% | 21.48 | 0.0004% | −33.72% | 0.19% | +5.16 | #4385 |
| FY 2024-25 | 19.54 | 0.0005% | −26.65% | 0.30% | 37.24 | 0.0006% | +73.37% | 0.31% | −17.70 | #4914 |

- CAGR (7-year): exports -0.80%/yr, imports 22.48%/yr (consistently Deficit)

## Key trade insights: HSN Code 29157010 export-import analysis

### Export decline: -0.80% CAGR over 7 years

India's exports under HSN Code 29157010 have declined at a compound annual rate of -0.80% over 7 fiscal years, falling from ₹20.51 Crore in FY 2018-19 to ₹19.54 Crore in FY 2024-25.

### HSN Code 29157010 ranked #4914 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 29157010 ranks #4914 out of 12657 HSN codes by total export value. Within Sub-Chapter 2915, it ranks #32 of 56. By trade surplus, it ranks #9467 of 12657.

### FY 2021-22 was the strongest growth year for HSN Code 29157010 exports

The strongest single-year export movement for HSN Code 29157010 was recorded in FY 2021-22, when exports surged by 919.28% over the prior year.

### India records a trade deficit of ₹17.70 Crore in HSN Code 29157010 goods

In FY 2024-25, India's imports of ₹37.24 Cr exceeded exports of ₹19.54 Cr, resulting in a trade deficit of ₹17.70 Crore — ranking #9467 of 12657 by surplus magnitude.

### Import growth of 22.48% CAGR signals rising demand for Palmitic acid

India's imports under HSN Code 29157010 have grown at 22.48% CAGR, reaching ₹37.24 Crore in FY 2024-25.

### HSN Code 29157010 contributes 0.30% of Sub-Chapter 2915 exports — ranked #32

Among the 56 HSN codes under Sub-Chapter 2915, HSN Code 29157010 ranks #32 by export value — accounting for 0.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.31% share (rank #23).

## 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 |
| #32 | HSN Code 29157010: Palmitic acid (this hsn code) | ₹20 Cr |