HSN Code 29161400: Methacrylic Acid Esters

HSN Code 29161400 represents Methacrylic Acid Esters under GST classification. This code helps businesses identify Methacrylic Acid Esters correctly for billing, taxation, and trade. With HSN Code 29161400, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Methacrylic Acid Esters.

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Description of Goods for HSN Code 29161400

HSN Code 29161400 relates to the following description.

Description of Goods

Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, : Esters 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 29161400 not include?

Methacrylic Acid Esters 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,: Methacrylic acid and its salts : Salts 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 29161400 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

₹64 Cr

+31.28% vs FY 2023-24

0.0017% of India’s total exports

India’s Imports

FY 2024-25

₹1,889 Cr

+45.34% vs FY 2023-24

0.0311% of India’s total imports

Trade Balance

FY 2024-25

−₹1,825 Cr

Trade Deficit

Surplus rank #12400 of 12657 HSN codes

% of Sub-Chapter 2916

FY 2024-25

2.19%

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

Import side: 22.04% of Sub-Chapter 2916’s imports

Rank Within Sub-Chapter 2916

FY 2024-25

#11 of 37

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

Import-side rank: #2 of 37

At a glance

−7.35%

Export CAGR

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

#3274

National Export Rank

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

+75.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

2.19%

Contribution to Sub-Ch. 2916

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

India Export-Import Trade Statistics for HSN Code 29161400

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 #1998

Balance

−1,027.92

Exports

101.54 ₹ Cr

0.0044% share

YoY

5.90% of Sub-Ch. 2916

Imports

1,129.46 ₹ Cr

0.0315% share

YoY

18.56% of Sub-Ch. 2916

FY 2019-20 Exp. Rank #2491

Balance

−769.01

Exports

67.53 ₹ Cr

0.0031% share

−33.49% YoY

3.82% of Sub-Ch. 2916

Imports

836.54 ₹ Cr

0.0250% share

−25.93% YoY

15.12% of Sub-Ch. 2916

FY 2020-21 Exp. Rank #3073

Balance

−805.89

Exports

45.64 ₹ Cr

0.0021% share

−32.42% YoY

2.37% of Sub-Ch. 2916

Imports

851.53 ₹ Cr

0.0292% share

+1.79% YoY

14.46% of Sub-Ch. 2916

FY 2021-22 Exp. Rank #2704

Balance

−1,327.64

Exports

79.87 ₹ Cr

0.0025% share

+75.00% YoY

2.79% of Sub-Ch. 2916

Imports

1,407.51 ₹ Cr

0.0308% share

+65.29% YoY

12.45% of Sub-Ch. 2916

FY 2022-23 Exp. Rank #3668

Balance

−1,308.88

Exports

43.47 ₹ Cr

0.0012% share

−45.57% YoY

1.22% of Sub-Ch. 2916

Imports

1,352.35 ₹ Cr

0.0235% share

−3.92% YoY

15.37% of Sub-Ch. 2916

FY 2023-24 Exp. Rank #3570

Balance

−1,251.13

Exports

48.92 ₹ Cr

0.0014% share

+12.54% YoY

1.65% of Sub-Ch. 2916

Imports

1,300.05 ₹ Cr

0.0231% share

−3.87% YoY

18.54% of Sub-Ch. 2916

FY 2024-25 Exp. Rank #3274

Balance

−1,825.21

Exports

64.22 ₹ Cr

0.0017% share

+31.28% YoY

2.19% of Sub-Ch. 2916

Imports

1,889.43 ₹ Cr

0.0311% share

+45.34% YoY

22.04% of Sub-Ch. 2916

CAGR · 7-Year

Exports

−7.35% /yr

Imports

8.95% /yr

Consistently Deficit
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 29161400 Export-Import Analysis

Export Decline: −7.35% CAGR Over 7 Years

India's exports under HSN Code 29161400 have declined at a compound annual rate of −7.35% over 7 fiscal years, falling from ₹101.54 Crore in FY 2018-19 to ₹64.22 Crore in FY 2024-25.

HSN Code 29161400 Ranked #3274 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29161400 ranks #3274 out of 12657 HSN codes by total export value. Within Sub-Chapter 2916, it ranks #11 of 37. By trade surplus, it ranks #12400 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29161400 Exports

The strongest single-year export movement for HSN Code 29161400 was recorded in FY 2021-22, when exports surged by 75.00% over the prior year.

India Records a Trade Deficit of ₹1,825.21 Crore in HSN Code 29161400 Goods

In FY 2024-25, India's imports of ₹1,889.43 Cr exceeded exports of ₹64.22 Cr, resulting in a trade deficit of ₹1,825.21 Crore — ranking #12400 of 12657 by surplus magnitude.

Import Growth of 8.95% CAGR Signals Stable Import Dependency for Methacrylic Acid Esters

India's imports under HSN Code 29161400 have grown at 8.95% CAGR, reaching ₹1,889.43 Crore in FY 2024-25.

HSN Code 29161400 Contributes 2.19% of Sub-Chapter 2916 Exports — Ranked #11

Among the 37 HSN codes under Sub-Chapter 2916, HSN Code 29161400 ranks #11 by export value — accounting for 2.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 22.04% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29161400 and GST compliance.

What products are classified under HSN 29161400 ?

It includes Methacrylic Acid Esters

How much GST applies to Methacrylic Acid Esters?

Under HSN 29161400, Methacrylic Acid Esters attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Any common misclassification issue with Methacrylic Acid Esters?

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

Can we claim ITC on inputs used to trade Methacrylic Acid Esters?

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

Do e‑way bill and e‑invoice apply for Methacrylic Acid Esters?

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 Methacrylic Acid Esters?

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.