HSN Code 29232010: Lecithins
HSN Code 29232010 represents Lecithins under GST classification. This code helps businesses identify Lecithins correctly for billing, taxation, and trade. With HSN Code 29232010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Lecithins.
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Description of Goods for HSN Code 29232010
HSN Code 29232010 relates to the following description.
What does HSN Code 29232010 not include?
Lecithins does not include products with the following descriptions.
Choline and its salts
Lecithins and other phosphoaminolipids : Other
Tetraethylammonium perfluorooctane sulphonate
Didecyldimethylammonium perfluorooctane sulphonate
Lecithins and other phosphoaminolipids :Other
India’s Trade Performance — HSN Code 29232010 in FY 2024-25
India’s Exports
FY 2024-25₹888 Cr
0.0241% of India’s total exports
India’s Imports
FY 2024-25₹206 Cr
0.0034% of India’s total imports
Trade Balance
FY 2024-25₹682 Cr
Surplus rank #475 of 12657 HSN codes
% of Sub-Chapter 2923
FY 2024-2560.85%
Share of Sub-Chapter 2923’s total exports in FY 2024-25
Import side: 34.04% of Sub-Chapter 2923’s imports
Rank Within Sub-Chapter 2923
FY 2024-25#1 of 6
Position by export value among HSN codes in Sub-Chapter 2923
Import-side rank: #2 of 6
At a glance
11.77%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#578
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+165.22%
Peak Growth Year
FY 2022-23 · strongest single-year move
60.85%
Contribution to Sub-Ch. 2923
Share of Sub-Chapter 2923 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+298.11
Exports
455.48 ₹ Cr
0.0199% share
— YoY
50.66% of Sub-Ch. 2923
Imports
157.37 ₹ Cr
0.0044% share
— YoY
40.75% of Sub-Ch. 2923
Balance
+345.89
Exports
492.80 ₹ Cr
0.0224% share
+8.19% YoY
51.06% of Sub-Ch. 2923
Imports
146.91 ₹ Cr
0.0044% share
−6.65% YoY
39.68% of Sub-Ch. 2923
Balance
+314.83
Exports
534.86 ₹ Cr
0.0249% share
+8.53% YoY
52.38% of Sub-Ch. 2923
Imports
220.03 ₹ Cr
0.0076% share
+49.77% YoY
46.45% of Sub-Ch. 2923
Balance
+437.75
Exports
732.85 ₹ Cr
0.0234% share
+37.02% YoY
54.50% of Sub-Ch. 2923
Imports
295.10 ₹ Cr
0.0065% share
+34.12% YoY
45.94% of Sub-Ch. 2923
Balance
+1,293.44
Exports
1,943.69 ₹ Cr
0.0537% share
+165.22% YoY
75.90% of Sub-Ch. 2923
Imports
650.25 ₹ Cr
0.0113% share
+120.35% YoY
57.12% of Sub-Ch. 2923
Balance
+893.93
Exports
1,327.70 ₹ Cr
0.0367% share
−31.69% YoY
69.16% of Sub-Ch. 2923
Imports
433.77 ₹ Cr
0.0077% share
−33.29% YoY
54.30% of Sub-Ch. 2923
Balance
+681.62
Exports
888.04 ₹ Cr
0.0241% share
−33.11% YoY
60.85% of Sub-Ch. 2923
Imports
206.42 ₹ Cr
0.0034% share
−52.41% YoY
34.04% of Sub-Ch. 2923
CAGR · 7-Year
Exports
11.77% /yr
Imports
4.63% /yr
reference, FY 2024-25
Export
₹1,459.46 Cr
Import
₹606.33 Cr
Trade Balance
+853.13
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 29232010 and GST compliance.
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.