--- title: "HSN Code for Thiophosphoric Esters | HSN 29201920 GST Rate" description: "Find HSN and GST Rates for 29201920 related to Thiophosphoric Esters with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29201920/" --- # HSN Code 29201920: Thiophosphoric Esters - [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 2920: Inorganic acid esters and salts](https://busy.in/hsn/sub-chapter-2920/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Thiophosphoric esters (phosphorothioates) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives : Other : Thiophosphoric ester (phosphorothioates) and their salts, their halogenated, sulphonated, nitrated or nitrosated derivatives | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29201920 ? It includes Thiophosphoric Esters ### Does packaging or labelling change the GST for Thiophosphoric Esters? 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. ### How should mixed supplies be billed when Thiophosphoric Esters is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Thiophosphoric Esters; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Thiophosphoric Esters? 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 Thiophosphoric Esters? 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 Thiophosphoric Esters? Under HSN 29201920, Thiophosphoric Esters attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 29201920 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹2 Cr (−74.07% YoY) — 0.0000% of India's total exports - Imports: ₹129 Cr (+273.32% YoY) — 0.0021% of India's total imports - Trade balance: −₹128 Cr (Deficit); surplus rank #10984 of 12657 HSN codes - Share of Sub-Chapter 2920: 0.21% of its exports; import side 15.16% - Rank within Sub-Chapter 2920: #9 of 26 by export value; import-side #2 ### Key metrics - Export CAGR: -51.11% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #7718 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +55.65% in FY 2021-22 - Contribution to Sub-Ch. 2920: 0.21% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29201920 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. 2920 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2920 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 128.09 | 0.0056% | — | 18.05% | 41.74 | 0.0012% | — | 4.39% | +86.35 | #1743 | | FY 2019-20 | 46.23 | 0.0021% | −63.91% | 7.40% | 17.15 | 0.0005% | −58.91% | 2.08% | +29.08 | #2989 | | FY 2020-21 | 23.00 | 0.0011% | −50.25% | 4.31% | 73.82 | 0.0025% | +330.44% | 7.75% | −50.82 | #4012 | | FY 2021-22 | 35.80 | 0.0011% | +55.65% | 4.24% | 91.89 | 0.0020% | +24.48% | 7.73% | −56.09 | #3823 | | FY 2022-23 | 33.15 | 0.0009% | −7.40% | 3.44% | 103.72 | 0.0018% | +12.87% | 8.09% | −70.57 | #4015 | | FY 2023-24 | 6.75 | 0.0002% | −79.64% | 0.91% | 34.63 | 0.0006% | −66.61% | 4.46% | −27.88 | #6204 | | FY 2024-25 | 1.75 | 0.0000% | −74.07% | 0.21% | 129.28 | 0.0021% | +273.32% | 15.16% | −127.53 | #7718 | - CAGR (7-year): exports -51.11%/yr, imports 20.73%/yr (consistently Deficit) ## Key trade insights: HSN Code 29201920 export-import analysis ### Export decline: -51.11% CAGR over 7 years India's exports under HSN Code 29201920 have declined at a compound annual rate of -51.11% over 7 fiscal years, falling from ₹128.09 Crore in FY 2018-19 to ₹1.75 Crore in FY 2024-25. ### HSN Code 29201920 ranked #7718 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29201920 ranks #7718 out of 12657 HSN codes by total export value. Within Sub-Chapter 2920, it ranks #9 of 26. By trade surplus, it ranks #10984 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29201920 exports The strongest single-year export movement for HSN Code 29201920 was recorded in FY 2021-22, when exports surged by 55.65% over the prior year. ### India records a trade deficit of ₹127.53 Crore in HSN Code 29201920 goods In FY 2024-25, India's imports of ₹129.28 Cr exceeded exports of ₹1.75 Cr, resulting in a trade deficit of ₹127.53 Crore — ranking #10984 of 12657 by surplus magnitude. ### Import growth of 20.73% CAGR signals rising demand for Thiophosphoric Esters India's imports under HSN Code 29201920 have grown at 20.73% CAGR, reaching ₹129.28 Crore in FY 2024-25. ### HSN Code 29201920 contributes 0.21% of Sub-Chapter 2920 exports — ranked #9 Among the 26 HSN codes under Sub-Chapter 2920, HSN Code 29201920 ranks #9 by export value — accounting for 0.21% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 15.16% share (rank #2). ## Related HSN Codes in Sub-Chapter 2920 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29209000: Esters of Other Inorganic Acids of Non-Metals](https://busy.in/hsn/hsn-29209000/) | ₹326 Cr | | #2 | [HSN Code 29202910: Dimethyl Sulphate](https://busy.in/hsn/hsn-29202910/) | ₹184 Cr | | #3 | [HSN Code 29202300: Trimethyl Phosphite](https://busy.in/hsn/hsn-29202300/) | ₹123 Cr | | #4 | [HSN Code 29202920: Diethyl Sulphate](https://busy.in/hsn/hsn-29202920/) | ₹113 Cr | | #5 | [HSN Code 29202990: Other Phosphite Esters/Salts](https://busy.in/hsn/hsn-29202990/) | ₹52 Cr | | #6 | [HSN Code 29202100: Dimethyl Phosphite](https://busy.in/hsn/hsn-29202100/) | ₹12 Cr | | #7 | [HSN Code 29202400: Triethyl Phosphite](https://busy.in/hsn/hsn-29202400/) | ₹9 Cr | | #8 | [HSN Code 29201990: Other Thiophosphoric esters: ThioGuard](https://busy.in/hsn/hsn-29201990/) | ₹4 Cr | | #9 | HSN Code 29201920: Thiophosphoric Esters (this hsn code) | ₹2 Cr | | #10 | [HSN Code 29202200: Diethyl Phosphite](https://busy.in/hsn/hsn-29202200/) | ₹2 Cr |