HSN Code 29161320: Salts of methacrylic acid: Methacryl Salt

HSN Code 29161320 represents Salts of methacrylic acid: Methacryl Salt under GST classification. This code helps businesses identify Salts of methacrylic acid: Methacryl Salt correctly for billing, taxation, and trade. With HSN Code 29161320, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Salts of methacrylic acid: Methacryl Salt.

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Description of Goods for HSN Code 29161320

HSN Code 29161320 relates to the following description.

Description of Goods

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Methacrylic acid and its salts : Salts of methacrylic acid

Chapter

29 - Organic chemicals

Sub Chapter

2916 - Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, 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 29161320 not include?

Salts of methacrylic acid: Methacryl Salt does not include products with the following descriptions.

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Acrylic acid and its salts

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Esters of acrylic acid : Butyl acrylate

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Esters of acrylic acid : Other

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Methacrylic acid and its salts : Methacrylic acid

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, : Esters of methacrylic acid

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Oleic, linoleic or linolenic acids, their salts and esters : Oleic acid

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Oleic, linoleic or linolenic acids, their salts and esters : Other

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Binapacryl (ISO)

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Undecylenic acid

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Bismuth compounds of unsaturated acyclic monoacids

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives :Other : Potassium compounds of unsaturated acyclic monoacids

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other :Sodium compounds of unsaturated acyclic monoacids

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Esters of unsaturated acyclic monoacids not elsewhere specified

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Sorbic acid

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Erucic acid

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Other

Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - cyclanic, cyclenic or cycloterpenic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives

Cyclanic, cyclenic or cycloterpenic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives: D. V. acid chloride/cypermethric acid chloride

Cyclanic, cyclenic or cycloterpenic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives: Other

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Benzoic acid : Benzoic acid

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Benzyl benzoate

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Methyl benzoate

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters :Sodium benzoate

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Benzocaine (ethylpara-amino benzoate)

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Orthochloro benzoic acid

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Benzoic acid, its salts and esters : Other

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoyl peroxide and benzoyl chloride

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Phenylacetic acid and its salts

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Cinnamic acid

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Bismuth compounds of aromatic monoacids

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Potassium compounds of aromatic monoacids

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Sodium compounds of aromatic monoacids

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Esters of aromatic monoacids not elsewhere specified

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Dichlorophenyl acetyl chloride specified

Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Other

India’s Trade Performance — HSN Code 29161320 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

₹5 Cr

−9.77% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹1 Cr

−30.77% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹4 Cr

Trade Surplus

Surplus rank #3810 of 12657 HSN codes

% of Sub-Chapter 2916

FY 2024-25

0.19%

Share of Sub-Chapter 2916’s total exports in FY 2024-25

Import side: 0.01% of Sub-Chapter 2916’s imports

Rank Within Sub-Chapter 2916

FY 2024-25

#23 of 37

Position by export value among HSN codes in Sub-Chapter 2916

Import-side rank: #25 of 37

At a glance

60.40%

Export CAGR

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

#6497

National Export Rank

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

+335.16%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.19%

Contribution to Sub-Ch. 2916

Share of Sub-Chapter 2916 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29161320

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 #8491

Balance

−4.81

Exports

< ₹1 Crore ₹ Cr

0.0000% share

YoY

0.02% of Sub-Ch. 2916

Imports

5.13 ₹ Cr

0.0001% share

YoY

0.08% of Sub-Ch. 2916

FY 2019-20 Exp. Rank #7696

Balance

−0.45

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+184.38% YoY

0.05% of Sub-Ch. 2916

Imports

1.36 ₹ Cr

0.0000% share

−73.49% YoY

0.02% of Sub-Ch. 2916

FY 2020-21 Exp. Rank #6207

Balance

+0.96

Exports

3.96 ₹ Cr

0.0002% share

+335.16% YoY

0.21% of Sub-Ch. 2916

Imports

3.00 ₹ Cr

0.0001% share

+120.59% YoY

0.05% of Sub-Ch. 2916

FY 2021-22 Exp. Rank #7209

Balance

+1.61

Exports

2.19 ₹ Cr

0.0001% share

−44.70% YoY

0.08% of Sub-Ch. 2916

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−80.67% YoY

0.01% of Sub-Ch. 2916

FY 2022-23 Exp. Rank #6469

Balance

+3.73

Exports

4.94 ₹ Cr

0.0001% share

+125.57% YoY

0.14% of Sub-Ch. 2916

Imports

1.21 ₹ Cr

0.0000% share

+108.62% YoY

0.01% of Sub-Ch. 2916

FY 2023-24 Exp. Rank #6349

Balance

+4.35

Exports

6.04 ₹ Cr

0.0002% share

+22.27% YoY

0.20% of Sub-Ch. 2916

Imports

1.69 ₹ Cr

0.0000% share

+39.67% YoY

0.02% of Sub-Ch. 2916

FY 2024-25 Exp. Rank #6497

Balance

+4.28

Exports

5.45 ₹ Cr

0.0001% share

−9.77% YoY

0.19% of Sub-Ch. 2916

Imports

1.17 ₹ Cr

0.0000% share

−30.77% YoY

0.01% of Sub-Ch. 2916

CAGR · 7-Year

Exports

60.40% /yr

Imports

−21.84% /yr

Consistently Surplus
Sub-Chapter 2916 total

reference, FY 2024-25

Export

₹2,934.54 Cr

Import

₹8,574.40 Cr

Trade Balance

−5,639.86

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 29161320 Export-Import Analysis

Consistent Export Growth: 60.40% CAGR Over 7 Years

India's exports under HSN Code 29161320 have grown at a compound annual rate of 60.40% over 7 fiscal years, rising from ₹0.32 Crore in FY 2018-19 to ₹5.45 Crore in FY 2024-25.

HSN Code 29161320 Ranked #6497 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29161320 ranks #6497 out of 12657 HSN codes by total export value. Within Sub-Chapter 2916, it ranks #23 of 37. By trade surplus, it ranks #3810 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29161320 Exports

The strongest single-year export movement for HSN Code 29161320 was recorded in FY 2020-21, when exports surged by 335.16% over the prior year.

India Maintains a Trade Surplus of ₹4.28 Crore in HSN Code 29161320 Goods

In FY 2024-25, India's exports of ₹5.45 Cr exceeded imports of ₹1.17 Cr, resulting in a trade surplus of ₹4.28 Crore — ranking #3810 of 12657 by surplus magnitude.

Import Growth of −21.84% CAGR Signals Stable Import Dependency for Salts of methacrylic acid: Methacryl Salt

India's imports under HSN Code 29161320 have grown at −21.84% CAGR, reaching ₹1.17 Crore in FY 2024-25.

HSN Code 29161320 Contributes 0.19% of Sub-Chapter 2916 Exports — Ranked #23

Among the 37 HSN codes under Sub-Chapter 2916, HSN Code 29161320 ranks #23 by export value — accounting for 0.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #25).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29161320 and GST compliance.

What products are classified under HSN 29161320 ?

It includes Salts of methacrylic acid: Methacryl Salt

How much GST applies to Salts of methacrylic acid: Methacryl Salt?

Under HSN 29161320, Salts of methacrylic acid: Methacryl Salt attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Salts of methacrylic acid: Methacryl Salt is sold with other items?

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

Can we claim ITC on inputs used to trade Salts of methacrylic acid: Methacryl Salt?

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 Salts of methacrylic acid: Methacryl Salt?

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

Does packaging or labelling change the GST for Salts of methacrylic acid: Methacryl Salt?

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.

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.