--- title: "HSN Code for Lecithins | HSN 29232010 GST Rate" description: "Find HSN and GST Rates for 29232010 related to Lecithins with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29232010/" --- # HSN Code 29232010: Lecithins - [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 2923: Quaternary ammonium compounds](https://busy.in/hsn/sub-chapter-2923/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Lecithins and other phosphoaminolipids : Lecithins | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29232010 ? It includes Lecithins ### Can we claim ITC on inputs used to trade Lecithins? 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 Lecithins is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lecithins; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Lecithins? 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 Lecithins? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How much GST applies to Lecithins? Under HSN 29232010, Lecithins attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 29232010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹888 Cr (−33.11% YoY) — 0.0241% of India's total exports - Imports: ₹206 Cr (−52.41% YoY) — 0.0034% of India's total imports - Trade balance: ₹682 Cr (Surplus); surplus rank #475 of 12657 HSN codes - Share of Sub-Chapter 2923: 60.85% of its exports; import side 34.04% - Rank within Sub-Chapter 2923: #1 of 6 by export value; import-side #2 ### Key metrics - Export CAGR: 11.77% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #578 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +165.22% in FY 2022-23 - Contribution to Sub-Ch. 2923: 60.85% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29232010 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. 2923 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2923 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 455.48 | 0.0199% | — | 50.66% | 157.37 | 0.0044% | — | 40.75% | +298.11 | #705 | | FY 2019-20 | 492.80 | 0.0224% | +8.19% | 51.06% | 146.91 | 0.0044% | −6.65% | 39.68% | +345.89 | #654 | | FY 2020-21 | 534.86 | 0.0249% | +8.53% | 52.38% | 220.03 | 0.0076% | +49.77% | 46.45% | +314.83 | #646 | | FY 2021-22 | 732.85 | 0.0234% | +37.02% | 54.50% | 295.10 | 0.0065% | +34.12% | 45.94% | +437.75 | #603 | | FY 2022-23 | 1,943.69 | 0.0537% | +165.22% | 75.90% | 650.25 | 0.0113% | +120.35% | 57.12% | +1,293.44 | #262 | | FY 2023-24 | 1,327.70 | 0.0367% | −31.69% | 69.16% | 433.77 | 0.0077% | −33.29% | 54.30% | +893.93 | #386 | | FY 2024-25 | 888.04 | 0.0241% | −33.11% | 60.85% | 206.42 | 0.0034% | −52.41% | 34.04% | +681.62 | #578 | - CAGR (7-year): exports 11.77%/yr, imports 4.63%/yr (consistently Surplus) ## Key trade insights: HSN Code 29232010 export-import analysis ### Consistent export growth: 11.77% CAGR over 7 years India's exports under HSN Code 29232010 have grown at a compound annual rate of 11.77% over 7 fiscal years, rising from ₹455.48 Crore in FY 2018-19 to ₹888.04 Crore in FY 2024-25. ### HSN Code 29232010 ranked #578 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29232010 ranks #578 out of 12657 HSN codes by total export value. Within Sub-Chapter 2923, it ranks #1 of 6. By trade surplus, it ranks #475 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 29232010 exports The strongest single-year export movement for HSN Code 29232010 was recorded in FY 2022-23, when exports surged by 165.22% over the prior year. ### India maintains a trade surplus of ₹681.62 Crore in HSN Code 29232010 goods In FY 2024-25, India's exports of ₹888.04 Cr exceeded imports of ₹206.42 Cr, resulting in a trade surplus of ₹681.62 Crore — ranking #475 of 12657 by surplus magnitude. ### Import growth of 4.63% CAGR signals stable import dependency for Lecithins India's imports under HSN Code 29232010 have grown at 4.63% CAGR, reaching ₹206.42 Crore in FY 2024-25. ### HSN Code 29232010 contributes 60.85% of Sub-Chapter 2923 exports — ranked #1 Among the 6 HSN codes under Sub-Chapter 2923, HSN Code 29232010 ranks #1 by export value — accounting for 60.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 34.04% share (rank #2). ## Related HSN Codes in Sub-Chapter 2923 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 29232010: Lecithins (this hsn code) | ₹888 Cr | | #2 | [HSN Code 29239000: Lecithins and Other Phosphoaminolipids](https://busy.in/hsn/hsn-29239000/) | ₹417 Cr | | #3 | [HSN Code 29231000: Choline & Salts](https://busy.in/hsn/hsn-29231000/) | ₹99 Cr | | #4 | [HSN Code 29232090: Lecithins and other phosphoaminolipids : Other](https://busy.in/hsn/hsn-29232090/) | ₹55 Cr | | #5 | [HSN Code 29233000: Tetraethylammonium perfluorooctane sulphonate](https://busy.in/hsn/hsn-29233000/) | < ₹1 Crore | | — | [HSN Code 29234000: Didecyldimethylammonium sulphonate](https://busy.in/hsn/hsn-29234000/) | Nil |