--- title: "HSN Code for Epsilon Acid | HSN 29214523 GST Rate" description: "Find HSN and GST Rates for 29214523 related to Epsilon Acid with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29214523/" --- # HSN Code 29214523: Epsilon Acid - [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 2921: Amine- function compounds](https://busy.in/hsn/sub-chapter-2921/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Aromatic monoamines and their derivatives; salts thereof :- 1-Naphthylamine (alpha-naphthylamine), 2- Naphthylamine (betanaph thylamine) and their derivatives; salts thereof :Bronner’s acid (2-naphthylamine-6-sulphonic acid), cleve’s acid (1-naphthylamine-6- sulphonic acid), epsilon acid (1- naphthylamine-3,8-disulphonic acid), koch’s acid (1-naphthylamine-3,6,8-trisulphonic acid), Laurent’s acid (1-naphthylamine-5-sulphonic acid), tobias acid (2-naphthylamine-1- sulphonic acid) :Epsilon acid (1-naphthylamine-3,8-disulphonic acid) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29214523 ? It includes Epsilon Acid ### Can we claim ITC on inputs used to trade Epsilon Acid? 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 Epsilon Acid? 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 Epsilon Acid? 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 Epsilon Acid? Under HSN 29214523, Epsilon Acid attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Epsilon Acid is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Epsilon Acid; Nil for exempt items if applicable). ## India's trade performance: HSN Code 29214523 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹7 Cr (−4.74% YoY) — 0.0002% of India's total exports - Imports: Nil — 0.0000% of India's total imports - Trade balance: ₹7 Cr (Surplus); surplus rank #3501 of 12657 HSN codes - Share of Sub-Chapter 2921: 0.10% of its exports; import side 0.00% - Rank within Sub-Chapter 2921: #37 of 87 by export value ### Key metrics - Export CAGR: 5.36% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6139 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +67.60% in FY 2023-24 - Contribution to Sub-Ch. 2921: 0.10% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29214523 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. 2921 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2921 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 5.44 | 0.0002% | — | 0.14% | Nil | 0.0000% | — | 0.00% | +5.44 | #5765 | | FY 2019-20 | 6.75 | 0.0003% | +24.08% | 0.17% | Nil | 0.0000% | — | 0.00% | +6.75 | #5487 | | FY 2020-21 | 7.38 | 0.0003% | +9.33% | 0.18% | Nil | 0.0000% | — | 0.00% | +7.38 | #5456 | | FY 2021-22 | 4.83 | 0.0002% | −34.55% | 0.09% | Nil | 0.0000% | — | 0.00% | +4.83 | #6397 | | FY 2022-23 | 4.66 | 0.0001% | −3.52% | 0.07% | Nil | 0.0000% | — | 0.00% | +4.66 | #6533 | | FY 2023-24 | 7.81 | 0.0002% | +67.60% | 0.11% | Nil | 0.0000% | — | 0.00% | +7.81 | #6034 | | FY 2024-25 | 7.44 | 0.0002% | −4.74% | 0.10% | Nil | 0.0000% | — | 0.00% | +7.44 | #6139 | - CAGR (7-year): exports 5.36%/yr, imports —/yr (consistently Surplus) ## Key trade insights: HSN Code 29214523 export-import analysis ### Consistent export growth: 5.36% CAGR over 7 years India's exports under HSN Code 29214523 have grown at a compound annual rate of 5.36% over 7 fiscal years, rising from ₹5.44 Crore in FY 2018-19 to ₹7.44 Crore in FY 2024-25. ### HSN Code 29214523 ranked #6139 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29214523 ranks #6139 out of 12657 HSN codes by total export value. Within Sub-Chapter 2921, it ranks #37 of 87. By trade surplus, it ranks #3501 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 29214523 exports The strongest single-year export movement for HSN Code 29214523 was recorded in FY 2023-24, when exports surged by 67.60% over the prior year. ### India maintains a trade surplus of ₹7.44 Crore in HSN Code 29214523 goods In FY 2024-25, India's exports of ₹7.44 Cr exceeded imports of ₹0.00 Cr, resulting in a trade surplus of ₹7.44 Crore — ranking #3501 of 12657 by surplus magnitude. ### HSN Code 29214523 contributes 0.10% of Sub-Chapter 2921 exports — ranked #37 Among the 87 HSN codes under Sub-Chapter 2921, HSN Code 29214523 ranks #37 by export value — accounting for 0.10% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share. ## Related HSN Codes in Sub-Chapter 2921 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29214290: Aniline Derivatives and Their Salts](https://busy.in/hsn/hsn-29214290/) | ₹2,614 Cr | | #2 | [HSN Code 29215990: Other Aromatic Polyamines](https://busy.in/hsn/hsn-29215990/) | ₹700 Cr | | #3 | [HSN Code 29214990: Other Aromatic Monoamines (Other)](https://busy.in/hsn/hsn-29214990/) | ₹620 Cr | | #4 | [HSN Code 29214590: Naphthylamine Derivatives (Other)](https://busy.in/hsn/hsn-29214590/) | ₹542 Cr | | #5 | [HSN Code 29211190: Other Methylamine salts](https://busy.in/hsn/hsn-29211190/) | ₹462 Cr | | #6 | [HSN Code 29214600: Amfetamine and Related Compounds](https://busy.in/hsn/hsn-29214600/) | ₹312 Cr | | #7 | [HSN Code 29212990: Other Acyclic polyamines salts](https://busy.in/hsn/hsn-29212990/) | ₹289 Cr | | #8 | [HSN Code 29213090: Other Polyamines](https://busy.in/hsn/hsn-29213090/) | ₹272 Cr | | #9 | [HSN Code 29215190: Other Phenylenediamines](https://busy.in/hsn/hsn-29215190/) | ₹229 Cr | | #10 | [HSN Code 29211990: Other Acyclic monoamines salts](https://busy.in/hsn/hsn-29211990/) | ₹217 Cr | | #37 | HSN Code 29214523: Epsilon Acid (this hsn code) | ₹7 Cr |