--- title: "HSN Code for Esters of Aromatic Monoacids | HSN 29163950 GST Rate" description: "Find HSN and GST Rates for 29163950 related to Esters of Aromatic Monoacids with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29163950/" --- # HSN Code 29163950: Esters of Aromatic Monoacids - [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 :Other : Esters of aromatic monoacids not elsewhere specified | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29163950 ? It includes Esters of Aromatic Monoacids ### Does packaging or labelling change the GST for Esters of Aromatic Monoacids? 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. ### Can we claim ITC on inputs used to trade Esters of Aromatic Monoacids? 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 Esters of Aromatic Monoacids? 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. ### How much GST applies to Esters of Aromatic Monoacids? Under HSN 29163950, Esters of Aromatic Monoacids attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Esters of Aromatic Monoacids is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Esters of Aromatic Monoacids; Nil for exempt items if applicable). ## India's trade performance: HSN Code 29163950 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹37 Cr (−20.67% YoY) — 0.0010% of India's total exports - Imports: ₹2 Cr (+111.11% YoY) — 0.0000% of India's total imports - Trade balance: ₹35 Cr (Surplus); surplus rank #2411 of 12657 HSN codes - Share of Sub-Chapter 2916: 1.26% of its exports; import side 0.02% - Rank within Sub-Chapter 2916: #14 of 37 by export value; import-side #23 ### Key metrics - Export CAGR: 9.73% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #4023 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +31.50% in FY 2022-23 - Contribution to Sub-Ch. 2916: 1.26% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29163950 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 | 21.22 | 0.0009% | — | 1.23% | 2.16 | 0.0001% | — | 0.04% | +19.06 | #4031 | | FY 2019-20 | 26.96 | 0.0012% | +27.05% | 1.52% | 1.30 | 0.0000% | −39.81% | 0.02% | +25.66 | #3740 | | FY 2020-21 | 27.08 | 0.0013% | +0.45% | 1.41% | < ₹1 Crore | 0.0000% | −55.38% | 0.01% | +26.50 | #3794 | | FY 2021-22 | 33.75 | 0.0011% | +24.63% | 1.18% | 1.20 | 0.0000% | +106.90% | 0.01% | +32.55 | #3892 | | FY 2022-23 | 44.38 | 0.0012% | +31.50% | 1.25% | < ₹1 Crore | 0.0000% | −28.33% | 0.01% | +43.52 | #3639 | | FY 2023-24 | 46.69 | 0.0013% | +5.21% | 1.57% | < ₹1 Crore | 0.0000% | +4.65% | 0.01% | +45.79 | #3632 | | FY 2024-25 | 37.04 | 0.0010% | −20.67% | 1.26% | 1.90 | 0.0000% | +111.11% | 0.02% | +35.14 | #4023 | - CAGR (7-year): exports 9.73%/yr, imports -2.11%/yr (consistently Surplus) ## Key trade insights: HSN Code 29163950 export-import analysis ### Consistent export growth: 9.73% CAGR over 7 years India's exports under HSN Code 29163950 have grown at a compound annual rate of 9.73% over 7 fiscal years, rising from ₹21.22 Crore in FY 2018-19 to ₹37.04 Crore in FY 2024-25. ### HSN Code 29163950 ranked #4023 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29163950 ranks #4023 out of 12657 HSN codes by total export value. Within Sub-Chapter 2916, it ranks #14 of 37. By trade surplus, it ranks #2411 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 29163950 exports The strongest single-year export movement for HSN Code 29163950 was recorded in FY 2022-23, when exports surged by 31.50% over the prior year. ### India maintains a trade surplus of ₹35.14 Crore in HSN Code 29163950 goods In FY 2024-25, India's exports of ₹37.04 Cr exceeded imports of ₹1.90 Cr, resulting in a trade surplus of ₹35.14 Crore — ranking #2411 of 12657 by surplus magnitude. ### Import growth of -2.11% CAGR signals stable import dependency for Esters of Aromatic Monoacids India's imports under HSN Code 29163950 have grown at -2.11% CAGR, reaching ₹1.90 Crore in FY 2024-25. ### HSN Code 29163950 contributes 1.26% of Sub-Chapter 2916 exports — ranked #14 Among the 37 HSN codes under Sub-Chapter 2916, HSN Code 29163950 ranks #14 by export value — accounting for 1.26% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.02% share (rank #23). ## 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 | | #14 | HSN Code 29163950: Esters of Aromatic Monoacids (this hsn code) | ₹37 Cr |