HSN Code 29159092: Octoic Acid | Caprylic Acid

HSN Code 29159092 represents Octoic Acid | Caprylic Acid under GST classification. This code helps businesses identify Octoic Acid | Caprylic Acid correctly for billing, taxation, and trade. With HSN Code 29159092, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Octoic Acid | Caprylic Acid.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 29159092

HSN Code 29159092 relates to the following description.

Description of Goods

Other : Other: Octoic acid (caprylic acid)

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 29159092 not include?

Octoic Acid | Caprylic Acid 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 29159092 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

₹11 Cr

+57.22% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹148 Cr

+97.47% vs FY 2023-24

0.0024% of India’s total imports

Trade Balance

FY 2024-25

−₹136 Cr

Trade Deficit

Surplus rank #11033 of 12657 HSN codes

% of Sub-Chapter 2915

FY 2024-25

0.17%

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

Import side: 1.25% of Sub-Chapter 2915’s imports

Rank Within Sub-Chapter 2915

FY 2024-25

#34 of 56

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

Import-side rank: #10 of 56

At a glance

#5679

National Export Rank

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

+242.09%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.17%

Contribution to Sub-Ch. 2915

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

India Export-Import Trade Statistics for HSN Code 29159092

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

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2915

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2915

FY 2019-20

Balance

0.00

Exports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2915

Imports

Nil ₹ Cr

0.0000% share

YoY

0.00% of Sub-Ch. 2915

FY 2020-21 Exp. Rank #6069

Balance

−60.43

Exports

4.44 ₹ Cr

0.0002% share

YoY

0.09% of Sub-Ch. 2915

Imports

64.87 ₹ Cr

0.0022% share

YoY

0.78% of Sub-Ch. 2915

FY 2021-22 Exp. Rank #6384

Balance

−100.12

Exports

4.87 ₹ Cr

0.0002% share

+9.68% YoY

0.07% of Sub-Ch. 2915

Imports

104.99 ₹ Cr

0.0023% share

+61.85% YoY

0.62% of Sub-Ch. 2915

FY 2022-23 Exp. Rank #4913

Balance

−194.73

Exports

16.66 ₹ Cr

0.0005% share

+242.09% YoY

0.25% of Sub-Ch. 2915

Imports

211.39 ₹ Cr

0.0037% share

+101.34% YoY

1.44% of Sub-Ch. 2915

FY 2023-24 Exp. Rank #6153

Balance

−67.66

Exports

7.06 ₹ Cr

0.0002% share

−57.62% YoY

0.13% of Sub-Ch. 2915

Imports

74.72 ₹ Cr

0.0013% share

−64.65% YoY

0.66% of Sub-Ch. 2915

FY 2024-25 Exp. Rank #5679

Balance

−136.45

Exports

11.10 ₹ Cr

0.0003% share

+57.22% YoY

0.17% of Sub-Ch. 2915

Imports

147.55 ₹ Cr

0.0024% share

+97.47% YoY

1.25% of Sub-Ch. 2915

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 29159092 Export-Import Analysis

Export Snapshot for HSN Code 29159092

India exported ₹11.10 Crore worth of Octoic Acid | Caprylic Acid in FY 2024-25. Multi-year trend data is being compiled for this hsn code.

HSN Code 29159092 Ranked #5679 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29159092 ranks #5679 out of 12657 HSN codes by total export value. Within Sub-Chapter 2915, it ranks #34 of 56. By trade surplus, it ranks #11033 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 29159092 Exports

The strongest single-year export movement for HSN Code 29159092 was recorded in FY 2022-23, when exports surged by 242.09% over the prior year.

India Records a Trade Deficit of ₹136.45 Crore in HSN Code 29159092 Goods

In FY 2024-25, India's imports of ₹147.55 Cr exceeded exports of ₹11.10 Cr, resulting in a trade deficit of ₹136.45 Crore — ranking #11033 of 12657 by surplus magnitude.

HSN Code 29159092 Contributes 0.17% of Sub-Chapter 2915 Exports — Ranked #34

Among the 56 HSN codes under Sub-Chapter 2915, HSN Code 29159092 ranks #34 by export value — accounting for 0.17% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.25% share (rank #10).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 29159092 and GST compliance.

What products are classified under HSN 29159092 ?

It includes Octoic Acid | Caprylic Acid

Any common misclassification issue with Octoic Acid / Caprylic 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 should mixed supplies be billed when Octoic Acid / Caprylic Acid is sold with other items?

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

Can we claim ITC on inputs used to trade Octoic Acid / Caprylic 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 Octoic Acid / Caprylic 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.

Do e‑way bill and e‑invoice apply for Octoic Acid / Caprylic 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.

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.