--- title: "HSN Code for Other Monocarboxylic Acids | HSN 29162090 GST Rate" description: "Find HSN and GST Rates for 29162090 related to Other Monocarboxylic Acids with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29162090/" --- # HSN Code 29162090: Other Monocarboxylic Acids - [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 2916: Unsaturated acids](https://busy.in/hsn/sub-chapter-2916/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Cyclanic, cyclenic or cycloterpenic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives: Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29162090 ? It includes Other Monocarboxylic Acids ### How should mixed supplies be billed when Other Monocarboxylic Acids is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Other Monocarboxylic Acids; Nil for exempt items if applicable). ### How much GST applies to Other Monocarboxylic Acids? Under HSN 29162090, Other Monocarboxylic Acids attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Other Monocarboxylic Acids? 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 Other Monocarboxylic Acids? 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. ### Any common misclassification issue with Other Monocarboxylic Acids? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 29162090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹299 Cr (−37.42% YoY) — 0.0081% of India's total exports - Imports: ₹290 Cr (−12.85% YoY) — 0.0048% of India's total imports - Trade balance: ₹9 Cr (Surplus); surplus rank #3403 of 12657 HSN codes - Share of Sub-Chapter 2916: 10.19% of its exports; import side 3.39% - Rank within Sub-Chapter 2916: #3 of 37 by export value; import-side #8 ### Key metrics - National export rank: #1447 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +129.56% in FY 2022-23 - Contribution to Sub-Ch. 2916: 10.19% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29162090 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. 2916 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2916 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | 137.09 | 0.0064% | — | 7.12% | 66.52 | 0.0023% | — | 1.13% | +70.57 | #1747 | | FY 2021-22 | 237.22 | 0.0076% | +73.04% | 8.30% | 438.75 | 0.0096% | +559.58% | 3.88% | −201.53 | #1495 | | FY 2022-23 | 544.57 | 0.0150% | +129.56% | 15.33% | 445.12 | 0.0077% | +1.45% | 5.06% | +99.45 | #865 | | FY 2023-24 | 477.89 | 0.0132% | −12.24% | 16.08% | 333.20 | 0.0059% | −25.14% | 4.75% | +144.69 | #999 | | FY 2024-25 | 299.08 | 0.0081% | −37.42% | 10.19% | 290.39 | 0.0048% | −12.85% | 3.39% | +8.69 | #1447 | ## Key trade insights: HSN Code 29162090 export-import analysis ### Export snapshot for HSN Code 29162090 India exported ₹299.08 Crore worth of Other Monocarboxylic Acids in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 29162090 ranked #1447 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29162090 ranks #1447 out of 12657 HSN codes by total export value. Within Sub-Chapter 2916, it ranks #3 of 37. By trade surplus, it ranks #3403 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 29162090 exports The strongest single-year export movement for HSN Code 29162090 was recorded in FY 2022-23, when exports surged by 129.56% over the prior year. ### India maintains a trade surplus of ₹8.69 Crore in HSN Code 29162090 goods In FY 2024-25, India's exports of ₹299.08 Cr exceeded imports of ₹290.39 Cr, resulting in a trade surplus of ₹8.69 Crore — ranking #3403 of 12657 by surplus magnitude. ### HSN Code 29162090 contributes 10.19% of Sub-Chapter 2916 exports — ranked #3 Among the 37 HSN codes under Sub-Chapter 2916, HSN Code 29162090 ranks #3 by export value — accounting for 10.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.39% share (rank #8). ## Related HSN Codes in Sub-Chapter 2916 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29163990: Other Aromatic Monoacids](https://busy.in/hsn/hsn-29163990/) | ₹760 Cr | | #2 | [HSN Code 29161970: Erucic acid: ErucicPure](https://busy.in/hsn/hsn-29161970/) | ₹524 Cr | | #3 | HSN Code 29162090: Other Monocarboxylic Acids (this hsn code) | ₹299 Cr | | #4 | [HSN Code 29163190: Other Benzoic Acid Esters](https://busy.in/hsn/hsn-29163190/) | ₹251 Cr | | #5 | [HSN Code 29161590: Other Unsaturated Fatty Acids](https://busy.in/hsn/hsn-29161590/) | ₹213 Cr | | #6 | [HSN Code 29162010: Cypermethric Acid Chloride](https://busy.in/hsn/hsn-29162010/) | ₹136 Cr | | #7 | [HSN Code 29161950: Esters (Unsat. Monoacids, NES)](https://busy.in/hsn/hsn-29161950/) | ₹131 Cr | | #8 | [HSN Code 29161290: Other Esters of Monohydric Alcohols](https://busy.in/hsn/hsn-29161290/) | ₹107 Cr | | #9 | [HSN Code 29161990: Other unsaturated monocarboxylic acids: Unsat Acid Other](https://busy.in/hsn/hsn-29161990/) | ₹92 Cr | | #10 | [HSN Code 29163200: Benzoyl Peroxide & Benzoyl Chloride](https://busy.in/hsn/hsn-29163200/) | ₹88 Cr |