--- title: "HSN Code for Benzyl Salicylate | HSN 29182340 GST Rate" description: "Find HSN and GST Rates for 29182340 related to Benzyl Salicylate with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29182340/" --- # HSN Code 29182340: Benzyl 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 : Benzyl salicylate | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29182340 ? It includes Benzyl Salicylate ### How much GST applies to Benzyl Salicylate? Under HSN 29182340, Benzyl Salicylate attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Benzyl Salicylate is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Benzyl Salicylate; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Benzyl Salicylate? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Benzyl 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 Benzyl 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. ## India's trade performance: HSN Code 29182340 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹99 Cr (−6.32% YoY) — 0.0027% of India's total exports - Imports: ₹1 Cr (+34.04% YoY) — 0.0000% of India's total imports - Trade balance: ₹98 Cr (Surplus); surplus rank #1615 of 12657 HSN codes - Share of Sub-Chapter 2918: 1.78% of its exports; import side 0.03% - Rank within Sub-Chapter 2918: #14 of 49 by export value; import-side #34 ### Key metrics - National export rank: #2671 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +32.19% in FY 2021-22 - Contribution to Sub-Ch. 2918: 1.78% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29182340 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 | 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 | 108.93 | 0.0051% | — | 2.89% | < ₹1 Crore | 0.0000% | — | 0.00% | +108.77 | #1976 | | FY 2021-22 | 143.99 | 0.0046% | +32.19% | 3.09% | < ₹1 Crore | 0.0000% | +406.25% | 0.02% | +143.18 | #1989 | | FY 2022-23 | 98.35 | 0.0027% | −31.70% | 1.95% | < ₹1 Crore | 0.0000% | −32.10% | 0.01% | +97.80 | #2551 | | FY 2023-24 | 105.93 | 0.0029% | +7.71% | 2.27% | < ₹1 Crore | 0.0000% | +70.91% | 0.02% | +104.99 | #2505 | | FY 2024-25 | 99.23 | 0.0027% | −6.32% | 1.78% | 1.26 | 0.0000% | +34.04% | 0.03% | +97.97 | #2671 | ## Key trade insights: HSN Code 29182340 export-import analysis ### Export snapshot for HSN Code 29182340 India exported ₹99.23 Crore worth of Benzyl Salicylate in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 29182340 ranked #2671 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29182340 ranks #2671 out of 12657 HSN codes by total export value. Within Sub-Chapter 2918, it ranks #14 of 49. By trade surplus, it ranks #1615 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29182340 exports The strongest single-year export movement for HSN Code 29182340 was recorded in FY 2021-22, when exports surged by 32.19% over the prior year. ### India maintains a trade surplus of ₹97.97 Crore in HSN Code 29182340 goods In FY 2024-25, India's exports of ₹99.23 Cr exceeded imports of ₹1.26 Cr, resulting in a trade surplus of ₹97.97 Crore — ranking #1615 of 12657 by surplus magnitude. ### HSN Code 29182340 contributes 1.78% of Sub-Chapter 2918 exports — ranked #14 Among the 49 HSN codes under Sub-Chapter 2918, HSN Code 29182340 ranks #14 by export value — accounting for 1.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.03% share (rank #34). ## 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 | | #14 | HSN Code 29182340: Benzyl Salicylate (this hsn code) | ₹99 Cr |