HSN Code 29182310: Methyl Salicylate

HSN Code 29182310 represents Methyl Salicylate under GST classification. This code helps businesses identify Methyl Salicylate correctly for billing, taxation, and trade. With HSN Code 29182310, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Methyl Salicylate.

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Description of Goods for HSN Code 29182310

HSN Code 29182310 relates to the following description.

Description of Goods

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

Chapter

29 - Organic chemicals

Sub Chapter

2918 - Carboxylic acids with additional oxygen function and 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 29182310 not include?

Methyl Salicylate does not include products with the following descriptions.

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Lactic acid, its salts and esters : Lactic acid

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Lactic acid, its salts and esters : Calcium lactate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Lactic acid, its salts and esters :Other

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Tartaric acid

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of tartaric acid :Potassium bitartrate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of tartaric acid :Metroprolol tartrate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of tartaric acid : Other

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Citric acid

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Potassium citrate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Sodium citrate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Bismuth citrate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Disodium hydrogen citrate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Ferric ammonium citrate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of citric acid : Other

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Gluconic acid, its salts and esters : Calcium gluconate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Gluconic acid, its salts and esters : Ferrous gluconate

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Gluconic acid, its salts and esters : Other

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :2, 2-Diphenyl-2-hydroxyacetic acid (benzilic acid)

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Chlorobenzilate (ISO)

Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : other

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Benzeneacetic acid, alpha-hydroxy-alpha-phenyl-

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Cholic acid

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Ricinoleic acid

Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Other

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salicylic acid and its salts : Salicylic acid

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salicylic acid and its salts :Sodium salicylate

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salicylic acid and its salts : Other

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : O-Acetylsalicylic acid, its salts and esters

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 : amino salicylate

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 :Salicylamide

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 : Benzyl salicylate

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 :Other

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Gallic acid

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Beta hydroxy napthoic acid

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Propyl gallate

Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Other

Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Levulinic acid

Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Ethyl aceto acetate (acetoacetic ester)

Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Nalidixic acid

Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Methyl aceto acetate

Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Fluoro benzoyl butyric acid

Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other

Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other

Other : 2, 4, 5-T(ISO) (2, 4, 5-trichlorophenoxyacetic acid), its salts and esters

Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other — other

India’s Trade Performance — HSN Code 29182310 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

₹75 Cr

+15.60% vs FY 2023-24

0.0020% of India’s total exports

India’s Imports

FY 2024-25

₹13 Cr

−40.02% vs FY 2023-24

0.0002% of India’s total imports

Trade Balance

FY 2024-25

₹62 Cr

Trade Surplus

Surplus rank #1990 of 12657 HSN codes

% of Sub-Chapter 2918

FY 2024-25

1.34%

Share of Sub-Chapter 2918’s total exports in FY 2024-25

Import side: 0.27% of Sub-Chapter 2918’s imports

Rank Within Sub-Chapter 2918

FY 2024-25

#17 of 49

Position by export value among HSN codes in Sub-Chapter 2918

Import-side rank: #22 of 49

At a glance

7.71%

Export CAGR

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

#3048

National Export Rank

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

+71.03%

Peak Growth Year

FY 2019-20 · strongest single-year move

1.34%

Contribution to Sub-Ch. 2918

Share of Sub-Chapter 2918 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #2911

Balance

+23.16

Exports

48.08 ₹ Cr

0.0021% share

YoY

1.89% of Sub-Ch. 2918

Imports

24.92 ₹ Cr

0.0007% share

YoY

0.85% of Sub-Ch. 2918

FY 2019-20 Exp. Rank #2242

Balance

+63.55

Exports

82.23 ₹ Cr

0.0037% share

+71.03% YoY

2.82% of Sub-Ch. 2918

Imports

18.68 ₹ Cr

0.0006% share

−25.04% YoY

0.63% of Sub-Ch. 2918

FY 2020-21 Exp. Rank #2497

Balance

+54.52

Exports

69.01 ₹ Cr

0.0032% share

−16.08% YoY

1.83% of Sub-Ch. 2918

Imports

14.49 ₹ Cr

0.0005% share

−22.43% YoY

0.36% of Sub-Ch. 2918

FY 2021-22 Exp. Rank #2867

Balance

+53.99

Exports

71.06 ₹ Cr

0.0023% share

+2.97% YoY

1.52% of Sub-Ch. 2918

Imports

17.07 ₹ Cr

0.0004% share

+17.81% YoY

0.39% of Sub-Ch. 2918

FY 2022-23 Exp. Rank #2486

Balance

+67.18

Exports

103.08 ₹ Cr

0.0028% share

+45.06% YoY

2.05% of Sub-Ch. 2918

Imports

35.90 ₹ Cr

0.0006% share

+110.31% YoY

0.69% of Sub-Ch. 2918

FY 2023-24 Exp. Rank #3171

Balance

+43.89

Exports

64.93 ₹ Cr

0.0018% share

−37.01% YoY

1.39% of Sub-Ch. 2918

Imports

21.04 ₹ Cr

0.0004% share

−41.39% YoY

0.49% of Sub-Ch. 2918

FY 2024-25 Exp. Rank #3048

Balance

+62.44

Exports

75.06 ₹ Cr

0.0020% share

+15.60% YoY

1.34% of Sub-Ch. 2918

Imports

12.62 ₹ Cr

0.0002% share

−40.02% YoY

0.27% of Sub-Ch. 2918

CAGR · 7-Year

Exports

7.71% /yr

Imports

−10.72% /yr

Consistently Surplus
Sub-Chapter 2918 total

reference, FY 2024-25

Export

₹5,587.93 Cr

Import

₹4,722.61 Cr

Trade Balance

+865.32

Peak export growth year Latest available data Not available YoY = change vs previous FY

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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29182310 and GST compliance.

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.

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.