--- title: "HSN Code for Methyl Benzoate | HSN 29163130 GST Rate" description: "Find HSN and GST Rates for 29163130 related to Methyl Benzoate with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29163130/" --- # HSN Code 29163130: Methyl Benzoate - [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 | | --- | --- | --- | --- | --- | | Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Methyl benzoate | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29163130 ? It includes Methyl Benzoate ### Any common misclassification issue with Methyl Benzoate? 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 Methyl Benzoate is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Methyl Benzoate; Nil for exempt items if applicable). ### How much GST applies to Methyl Benzoate? Under HSN 29163130, Methyl Benzoate attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Methyl Benzoate? 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 Methyl Benzoate? 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. ### Can we claim ITC on inputs used to trade Methyl Benzoate? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 29163130 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹4 Cr (+65.15% YoY) — 0.0001% of India's total exports - Imports: < ₹1 Crore (+4,300.00% YoY) — 0.0000% of India's total imports - Trade balance: ₹4 Cr (Surplus); surplus rank #3935 of 12657 HSN codes - Share of Sub-Chapter 2916: 0.14% of its exports; import side 0.01% - Rank within Sub-Chapter 2916: #24 of 37 by export value; import-side #28 ### Key metrics - Export CAGR: 18.19% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6884 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +125.20% in FY 2021-22 - Contribution to Sub-Ch. 2916: 0.14% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29163130 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 | 1.46 | 0.0001% | — | 0.08% | < ₹1 Crore | 0.0000% | — | 0.01% | +1.11 | #7269 | | FY 2019-20 | 1.18 | 0.0001% | −19.18% | 0.07% | < ₹1 Crore | 0.0000% | +11.43% | 0.01% | +0.79 | #7437 | | FY 2020-21 | 1.27 | 0.0001% | +7.63% | 0.07% | < ₹1 Crore | 0.0000% | −92.31% | 0.00% | +1.24 | #7444 | | FY 2021-22 | 2.86 | 0.0001% | +125.20% | 0.10% | < ₹1 Crore | 0.0000% | +100.00% | 0.00% | +2.80 | #6942 | | FY 2022-23 | 2.25 | 0.0001% | −21.33% | 0.06% | < ₹1 Crore | 0.0000% | +116.67% | 0.00% | +2.12 | #7308 | | FY 2023-24 | 2.41 | 0.0001% | +7.11% | 0.08% | < ₹1 Crore | 0.0000% | −92.31% | 0.00% | +2.40 | #7383 | | FY 2024-25 | 3.98 | 0.0001% | +65.15% | 0.14% | < ₹1 Crore | 0.0000% | +4,300.00% | 0.01% | +3.54 | #6884 | - CAGR (7-year): exports 18.19%/yr, imports 3.89%/yr (consistently Surplus) ## Key trade insights: HSN Code 29163130 export-import analysis ### Consistent export growth: 18.19% CAGR over 7 years India's exports under HSN Code 29163130 have grown at a compound annual rate of 18.19% over 7 fiscal years, rising from ₹1.46 Crore in FY 2018-19 to ₹3.98 Crore in FY 2024-25. ### HSN Code 29163130 ranked #6884 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29163130 ranks #6884 out of 12657 HSN codes by total export value. Within Sub-Chapter 2916, it ranks #24 of 37. By trade surplus, it ranks #3935 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29163130 exports The strongest single-year export movement for HSN Code 29163130 was recorded in FY 2021-22, when exports surged by 125.20% over the prior year. ### India maintains a trade surplus of ₹3.54 Crore in HSN Code 29163130 goods In FY 2024-25, India's exports of ₹3.98 Cr exceeded imports of ₹0.44 Cr, resulting in a trade surplus of ₹3.54 Crore — ranking #3935 of 12657 by surplus magnitude. ### Import growth of 3.89% CAGR signals stable import dependency for Methyl Benzoate India's imports under HSN Code 29163130 have grown at 3.89% CAGR, reaching ₹0.44 Crore in FY 2024-25. ### HSN Code 29163130 contributes 0.14% of Sub-Chapter 2916 exports — ranked #24 Among the 37 HSN codes under Sub-Chapter 2916, HSN Code 29163130 ranks #24 by export value — accounting for 0.14% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #28). ## 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](https://busy.in/hsn/hsn-29162090/) | ₹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 | | #24 | HSN Code 29163130: Methyl Benzoate (this hsn code) | ₹4 Cr |