---
title: "HSN Code for Methyl Salicylate | HSN 29182310 GST Rate"
description: "Find HSN and GST Rates for 29182310 related to Methyl Salicylate with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-29182310/"
---

# HSN Code 29182310: Methyl Salicylate

- [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 2918: Carboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2918/)

## GST rates

| Description | CGST | SGST | IGST | CESS |
| --- | --- | --- | --- | --- |
| Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other esters of salicylic acid and their salts : Methyl salicylate | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 29182310 ?

It includes Methyl Salicylate

### How much GST applies to Methyl Salicylate?

Under HSN 29182310, Methyl Salicylate attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Does packaging or labelling change the GST for Methyl Salicylate?

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 Salicylate?

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 Methyl Salicylate?

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 Methyl Salicylate?

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 29182310 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹75 Cr (+15.60% YoY) — 0.0020% of India's total exports
- Imports: ₹13 Cr (−40.02% YoY) — 0.0002% of India's total imports
- Trade balance: ₹62 Cr (Surplus); surplus rank #1990 of 12657 HSN codes
- Share of Sub-Chapter 2918: 1.34% of its exports; import side 0.27%
- Rank within Sub-Chapter 2918: #17 of 49 by export value; import-side #22

### Key metrics

- Export CAGR: 7.71% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #3048 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +71.03% in FY 2019-20
- Contribution to Sub-Ch. 2918: 1.34% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 29182310

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. 2918 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2918 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 48.08 | 0.0021% | — | 1.89% | 24.92 | 0.0007% | — | 0.85% | +23.16 | #2911 |
| FY 2019-20 | 82.23 | 0.0037% | +71.03% | 2.82% | 18.68 | 0.0006% | −25.04% | 0.63% | +63.55 | #2242 |
| FY 2020-21 | 69.01 | 0.0032% | −16.08% | 1.83% | 14.49 | 0.0005% | −22.43% | 0.36% | +54.52 | #2497 |
| FY 2021-22 | 71.06 | 0.0023% | +2.97% | 1.52% | 17.07 | 0.0004% | +17.81% | 0.39% | +53.99 | #2867 |
| FY 2022-23 | 103.08 | 0.0028% | +45.06% | 2.05% | 35.90 | 0.0006% | +110.31% | 0.69% | +67.18 | #2486 |
| FY 2023-24 | 64.93 | 0.0018% | −37.01% | 1.39% | 21.04 | 0.0004% | −41.39% | 0.49% | +43.89 | #3171 |
| FY 2024-25 | 75.06 | 0.0020% | +15.60% | 1.34% | 12.62 | 0.0002% | −40.02% | 0.27% | +62.44 | #3048 |

- CAGR (7-year): exports 7.71%/yr, imports -10.72%/yr (consistently Surplus)

## Key trade insights: HSN Code 29182310 export-import analysis

### Consistent export growth: 7.71% CAGR over 7 years

India's exports under HSN Code 29182310 have grown at a compound annual rate of 7.71% over 7 fiscal years, rising from ₹48.08 Crore in FY 2018-19 to ₹75.06 Crore in FY 2024-25.

### HSN Code 29182310 ranked #3048 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 29182310 ranks #3048 out of 12657 HSN codes by total export value. Within Sub-Chapter 2918, it ranks #17 of 49. By trade surplus, it ranks #1990 of 12657.

### FY 2019-20 was the strongest growth year for HSN Code 29182310 exports

The strongest single-year export movement for HSN Code 29182310 was recorded in FY 2019-20, when exports surged by 71.03% over the prior year.

### India maintains a trade surplus of ₹62.44 Crore in HSN Code 29182310 goods

In FY 2024-25, India's exports of ₹75.06 Cr exceeded imports of ₹12.62 Cr, resulting in a trade surplus of ₹62.44 Crore — ranking #1990 of 12657 by surplus magnitude.

### Import growth of -10.72% CAGR signals stable import dependency for Methyl Salicylate

India's imports under HSN Code 29182310 have grown at -10.72% CAGR, reaching ₹12.62 Crore in FY 2024-25.

### HSN Code 29182310 contributes 1.34% of Sub-Chapter 2918 exports — ranked #17

Among the 49 HSN codes under Sub-Chapter 2918, HSN Code 29182310 ranks #17 by export value — accounting for 1.34% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.27% share (rank #22).

## Related HSN Codes in Sub-Chapter 2918

Ranked by export value (FY 2024-25).

| Rank | HSN Code | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Code 29189990: Other Carboxylic Acids with Oxygen Functions](https://busy.in/hsn/hsn-29189990/) | ₹1,839 Cr |
| #2 | [HSN Code 29181990: Other carboxylic acids](https://busy.in/hsn/hsn-29181990/) | ₹754 Cr |
| #3 | [HSN Code 29183090: Other Carboxylic Acids](https://busy.in/hsn/hsn-29183090/) | ₹431 Cr |
| #4 | [HSN Code 29182990: Other Carboxylic Acids](https://busy.in/hsn/hsn-29182990/) | ₹347 Cr |
| #5 | [HSN Code 29189920: Methyl (E)-2-\[2-(Chloromethyl) Phenyl\]-3-Methoxyacrylate](https://busy.in/hsn/hsn-29189920/) | ₹335 Cr |
| #6 | [HSN Code 29181390: Tartaric acid: Other salts and esters](https://busy.in/hsn/hsn-29181390/) | ₹209 Cr |
| #7 | [HSN Code 29181590: Citric acid: Other salts and esters](https://busy.in/hsn/hsn-29181590/) | ₹192 Cr |
| #8 | [HSN Code 29182390: Other Esters of Salicylic Acid](https://busy.in/hsn/hsn-29182390/) | ₹169 Cr |
| #9 | [HSN Code 29182190: Other Salicylic Acid & Salts](https://busy.in/hsn/hsn-29182190/) | ₹164 Cr |
| #10 | [HSN Code 29181690: Gluconic acid: Other](https://busy.in/hsn/hsn-29181690/) | ₹147 Cr |
| #17 | HSN Code 29182310: Methyl Salicylate (this hsn code) | ₹75 Cr |