HSN Code 29231000: Choline & Salts
HSN Code 29231000 represents Choline & Salts under GST classification. This code helps businesses identify Choline & Salts correctly for billing, taxation, and trade. With HSN Code 29231000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Choline & Salts.
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Description of Goods for HSN Code 29231000
HSN Code 29231000 relates to the following description.
What does HSN Code 29231000 not include?
Choline & Salts does not include products with the following descriptions.
Lecithins and other phosphoaminolipids : Lecithins
Lecithins and other phosphoaminolipids : Other
Tetraethylammonium perfluorooctane sulphonate
Didecyldimethylammonium perfluorooctane sulphonate
Lecithins and other phosphoaminolipids :Other
India’s Trade Performance — HSN Code 29231000 in FY 2024-25
India’s Exports
FY 2024-25₹99 Cr
0.0027% of India’s total exports
India’s Imports
FY 2024-25₹25 Cr
0.0004% of India’s total imports
Trade Balance
FY 2024-25₹74 Cr
Surplus rank #1831 of 12657 HSN codes
% of Sub-Chapter 2923
FY 2024-256.80%
Share of Sub-Chapter 2923’s total exports in FY 2024-25
Import side: 4.09% of Sub-Chapter 2923’s imports
Rank Within Sub-Chapter 2923
FY 2024-25#3 of 6
Position by export value among HSN codes in Sub-Chapter 2923
Import-side rank: #4 of 6
At a glance
7.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2670
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+113.16%
Peak Growth Year
FY 2022-23 · strongest single-year move
6.80%
Contribution to Sub-Ch. 2923
Share of Sub-Chapter 2923 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 29231000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+58.76
Exports
64.09 ₹ Cr
0.0028% share
— YoY
7.13% of Sub-Ch. 2923
Imports
5.33 ₹ Cr
0.0001% share
— YoY
1.38% of Sub-Ch. 2923
Balance
+45.88
Exports
50.10 ₹ Cr
0.0023% share
−21.83% YoY
5.19% of Sub-Ch. 2923
Imports
4.22 ₹ Cr
0.0001% share
−20.83% YoY
1.14% of Sub-Ch. 2923
Balance
+44.49
Exports
49.43 ₹ Cr
0.0023% share
−1.34% YoY
4.84% of Sub-Ch. 2923
Imports
4.94 ₹ Cr
0.0002% share
+17.06% YoY
1.04% of Sub-Ch. 2923
Balance
+53.13
Exports
59.96 ₹ Cr
0.0019% share
+21.30% YoY
4.46% of Sub-Ch. 2923
Imports
6.83 ₹ Cr
0.0001% share
+38.26% YoY
1.06% of Sub-Ch. 2923
Balance
+118.99
Exports
127.81 ₹ Cr
0.0035% share
+113.16% YoY
4.99% of Sub-Ch. 2923
Imports
8.82 ₹ Cr
0.0002% share
+29.14% YoY
0.77% of Sub-Ch. 2923
Balance
+97.32
Exports
110.08 ₹ Cr
0.0030% share
−13.87% YoY
5.73% of Sub-Ch. 2923
Imports
12.76 ₹ Cr
0.0002% share
+44.67% YoY
1.60% of Sub-Ch. 2923
Balance
+74.49
Exports
99.28 ₹ Cr
0.0027% share
−9.81% YoY
6.80% of Sub-Ch. 2923
Imports
24.79 ₹ Cr
0.0004% share
+94.28% YoY
4.09% of Sub-Ch. 2923
CAGR · 7-Year
Exports
7.57% /yr
Imports
29.20% /yr
reference, FY 2024-25
Export
₹1,459.46 Cr
Import
₹606.33 Cr
Trade Balance
+853.13
Key Trade Insights: HSN Code 29231000 Export-Import Analysis
Consistent Export Growth: 7.57% CAGR Over 7 Years
India's exports under HSN Code 29231000 have grown at a compound annual rate of 7.57% over 7 fiscal years, rising from ₹64.09 Crore in FY 2018-19 to ₹99.28 Crore in FY 2024-25.
HSN Code 29231000 Ranked #2670 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 29231000 ranks #2670 out of 12657 HSN codes by total export value. Within Sub-Chapter 2923, it ranks #3 of 6. By trade surplus, it ranks #1831 of 12657.
FY 2022-23 Was the Strongest Growth Year for HSN Code 29231000 Exports
The strongest single-year export movement for HSN Code 29231000 was recorded in FY 2022-23, when exports surged by 113.16% over the prior year.
India Maintains a Trade Surplus of ₹74.49 Crore in HSN Code 29231000 Goods
In FY 2024-25, India's exports of ₹99.28 Cr exceeded imports of ₹24.79 Cr, resulting in a trade surplus of ₹74.49 Crore — ranking #1831 of 12657 by surplus magnitude.
Import Growth of 29.20% CAGR Signals Rising Demand for Choline & Salts
India's imports under HSN Code 29231000 have grown at 29.20% CAGR, reaching ₹24.79 Crore in FY 2024-25.
HSN Code 29231000 Contributes 6.80% of Sub-Chapter 2923 Exports — Ranked #3
Among the 6 HSN codes under Sub-Chapter 2923, HSN Code 29231000 ranks #3 by export value — accounting for 6.80% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 4.09% share (rank #4).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 29231000 and GST compliance.
What products are classified under HSN 29231000 ?
It includes Choline & Salts
How much GST applies to Choline & Salts?
Under HSN 29231000, Choline & Salts attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Does packaging or labelling change the GST for Choline & Salts?
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 Choline & Salts?
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 Choline & Salts?
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 Choline & Salts?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
How should mixed supplies be billed when Choline & Salts is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Choline & Salts; Nil for exempt items if applicable).