--- title: "HSN Code for Palmitic & Stearic Acid: Glycerol Monostearate | HSN 29157030 GST Rate" description: "Find HSN and GST Rates for 29157030 related to Palmitic & Stearic Acid: Glycerol Monostearate with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29157030/" --- # HSN Code 29157030: Palmitic & Stearic Acid: Glycerol Monostearate - [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 : Glycerol monostearate | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29157030 ? It includes Palmitic & Stearic Acid: Glycerol Monostearate ### How much GST applies to Palmitic & Stearic Acid: Glycerol Monostearate? Under HSN 29157030, Palmitic & Stearic Acid: Glycerol Monostearate attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Palmitic & Stearic Acid: Glycerol Monostearate is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Palmitic & Stearic Acid: Glycerol Monostearate; Nil for exempt items if applicable). ### Any common misclassification issue with Palmitic & Stearic Acid: Glycerol Monostearate? 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 & Stearic Acid: Glycerol Monostearate? 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. ### Does packaging or labelling change the GST for Palmitic & Stearic Acid: Glycerol Monostearate? 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. ## India's trade performance: HSN Code 29157030 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹140 Cr (+46.10% YoY) — 0.0038% of India's total exports - Imports: ₹99 Cr (+254.66% YoY) — 0.0016% of India's total imports - Trade balance: ₹41 Cr (Surplus); surplus rank #2302 of 12657 HSN codes - Share of Sub-Chapter 2915: 2.18% of its exports; import side 0.84% - Rank within Sub-Chapter 2915: #12 of 56 by export value; import-side #14 ### Key metrics - Export CAGR: 17.59% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2242 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +64.68% in FY 2022-23 - Contribution to Sub-Ch. 2915: 2.18% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29157030 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 | 52.96 | 0.0023% | — | 1.15% | 33.13 | 0.0009% | — | 0.31% | +19.83 | #2767 | | FY 2019-20 | 62.41 | 0.0028% | +17.84% | 1.37% | 29.07 | 0.0009% | −12.25% | 0.35% | +33.34 | #2590 | | FY 2020-21 | 60.86 | 0.0028% | −2.48% | 1.23% | 8.30 | 0.0003% | −71.45% | 0.10% | +52.56 | #2655 | | FY 2021-22 | 98.65 | 0.0031% | +62.09% | 1.51% | 33.78 | 0.0007% | +306.99% | 0.20% | +64.87 | #2435 | | FY 2022-23 | 162.46 | 0.0045% | +64.68% | 2.43% | 89.03 | 0.0015% | +163.56% | 0.61% | +73.43 | #1951 | | FY 2023-24 | 95.81 | 0.0026% | −41.03% | 1.70% | 27.90 | 0.0005% | −68.66% | 0.25% | +67.91 | #2639 | | FY 2024-25 | 139.98 | 0.0038% | +46.10% | 2.18% | 98.95 | 0.0016% | +254.66% | 0.84% | +41.03 | #2242 | - CAGR (7-year): exports 17.59%/yr, imports 20.00%/yr (consistently Surplus) ## Key trade insights: HSN Code 29157030 export-import analysis ### Consistent export growth: 17.59% CAGR over 7 years India's exports under HSN Code 29157030 have grown at a compound annual rate of 17.59% over 7 fiscal years, rising from ₹52.96 Crore in FY 2018-19 to ₹139.98 Crore in FY 2024-25. ### HSN Code 29157030 ranked #2242 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29157030 ranks #2242 out of 12657 HSN codes by total export value. Within Sub-Chapter 2915, it ranks #12 of 56. By trade surplus, it ranks #2302 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 29157030 exports The strongest single-year export movement for HSN Code 29157030 was recorded in FY 2022-23, when exports surged by 64.68% over the prior year. ### India maintains a trade surplus of ₹41.03 Crore in HSN Code 29157030 goods In FY 2024-25, India's exports of ₹139.98 Cr exceeded imports of ₹98.95 Cr, resulting in a trade surplus of ₹41.03 Crore — ranking #2302 of 12657 by surplus magnitude. ### Import growth of 20.00% CAGR signals rising demand for Palmitic & Stearic Acid: Glycerol Monostearate India's imports under HSN Code 29157030 have grown at 20.00% CAGR, reaching ₹98.95 Crore in FY 2024-25. ### HSN Code 29157030 contributes 2.18% of Sub-Chapter 2915 exports — ranked #12 Among the 56 HSN codes under Sub-Chapter 2915, HSN Code 29157030 ranks #12 by export value — accounting for 2.18% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.84% share (rank #14). ## 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 | | #12 | HSN Code 29157030: Palmitic & Stearic Acid: Glycerol Monostearate (this hsn code) | ₹140 Cr |