HSN Code 29232090: Lecithins and other phosphoaminolipids : Other

HSN Code 29232090 represents Lecithins and other phosphoaminolipids : Other under GST classification. This code helps businesses identify Lecithins and other phosphoaminolipids : Other correctly for billing, taxation, and trade. With HSN Code 29232090, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Lecithins and other phosphoaminolipids : Other.

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Description of Goods for HSN Code 29232090

HSN Code 29232090 relates to the following description.

Description of Goods

Lecithins and other phosphoaminolipids : Other

Chapter

29 - Organic chemicals

Sub Chapter

2923 - Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29232090 not include?

Lecithins and other phosphoaminolipids : Other does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29232090 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹55 Cr

+229.92% vs FY 2023-24

0.0015% of India’s total exports

India’s Imports

FY 2024-25

₹136 Cr

+33.61% vs FY 2023-24

0.0022% of India’s total imports

Trade Balance

FY 2024-25

−₹81 Cr

Trade Deficit

Surplus rank #10629 of 12657 HSN codes

% of Sub-Chapter 2923

FY 2024-25

3.78%

Share of Sub-Chapter 2923’s total exports in FY 2024-25

Import side: 22.42% of Sub-Chapter 2923’s imports

Rank Within Sub-Chapter 2923

FY 2024-25

#4 of 6

Position by export value among HSN codes in Sub-Chapter 2923

Import-side rank: #3 of 6

At a glance

−3.57%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#3492

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+229.92%

Peak Growth Year

FY 2024-25 · strongest single-year move

3.78%

Contribution to Sub-Ch. 2923

Share of Sub-Chapter 2923 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29232090

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #2449

Balance

+5.96

Exports

68.58 ₹ Cr

0.0030% share

— YoY

7.63% of Sub-Ch. 2923

Imports

62.62 ₹ Cr

0.0017% share

— YoY

16.22% of Sub-Ch. 2923

FY 2019-20 Exp. Rank #2524

Balance

+7.00

Exports

65.73 ₹ Cr

0.0030% share

−4.16% YoY

6.81% of Sub-Ch. 2923

Imports

58.73 ₹ Cr

0.0018% share

−6.21% YoY

15.86% of Sub-Ch. 2923

FY 2020-21 Exp. Rank #4969

Balance

−47.79

Exports

10.77 ₹ Cr

0.0005% share

−83.61% YoY

1.05% of Sub-Ch. 2923

Imports

58.56 ₹ Cr

0.0020% share

−0.29% YoY

12.36% of Sub-Ch. 2923

FY 2021-22 Exp. Rank #5140

Balance

−71.91

Exports

13.03 ₹ Cr

0.0004% share

+20.98% YoY

0.97% of Sub-Ch. 2923

Imports

84.94 ₹ Cr

0.0019% share

+45.05% YoY

13.22% of Sub-Ch. 2923

FY 2022-23 Exp. Rank #4109

Balance

−83.67

Exports

31.29 ₹ Cr

0.0009% share

+140.14% YoY

1.22% of Sub-Ch. 2923

Imports

114.96 ₹ Cr

0.0020% share

+35.34% YoY

10.10% of Sub-Ch. 2923

FY 2023-24 Exp. Rank #5016

Balance

−85.01

Exports

16.71 ₹ Cr

0.0005% share

−46.60% YoY

0.87% of Sub-Ch. 2923

Imports

101.72 ₹ Cr

0.0018% share

−11.52% YoY

12.73% of Sub-Ch. 2923

FY 2024-25 Exp. Rank #3492

Balance

−80.78

Exports

55.13 ₹ Cr

0.0015% share

+229.92% YoY

3.78% of Sub-Ch. 2923

Imports

135.91 ₹ Cr

0.0022% share

+33.61% YoY

22.42% of Sub-Ch. 2923

CAGR · 7-Year

Exports

−3.57% /yr

Imports

13.79% /yr

Consistently Deficit
Sub-Chapter 2923 total

reference, FY 2024-25

Export

₹1,459.46 Cr

Import

₹606.33 Cr

Trade Balance

+853.13

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 29232090 Export-Import Analysis

Export Decline: −3.57% CAGR Over 7 Years

India's exports under HSN Code 29232090 have declined at a compound annual rate of −3.57% over 7 fiscal years, falling from ₹68.58 Crore in FY 2018-19 to ₹55.13 Crore in FY 2024-25.

HSN Code 29232090 Ranked #3492 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29232090 ranks #3492 out of 12657 HSN codes by total export value. Within Sub-Chapter 2923, it ranks #4 of 6. By trade surplus, it ranks #10629 of 12657.

FY 2024-25 Was the Strongest Growth Year for HSN Code 29232090 Exports

The strongest single-year export movement for HSN Code 29232090 was recorded in FY 2024-25, when exports surged by 229.92% over the prior year.

India Records a Trade Deficit of ₹80.78 Crore in HSN Code 29232090 Goods

In FY 2024-25, India's imports of ₹135.91 Cr exceeded exports of ₹55.13 Cr, resulting in a trade deficit of ₹80.78 Crore — ranking #10629 of 12657 by surplus magnitude.

Import Growth of 13.79% CAGR Signals Rising Demand for Lecithins and other phosphoaminolipids : Other

India's imports under HSN Code 29232090 have grown at 13.79% CAGR, reaching ₹135.91 Crore in FY 2024-25.

HSN Code 29232090 Contributes 3.78% of Sub-Chapter 2923 Exports — Ranked #4

Among the 6 HSN codes under Sub-Chapter 2923, HSN Code 29232090 ranks #4 by export value — accounting for 3.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 22.42% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29232090 and GST compliance.

What products are classified under HSN 29232090 ?

It includes Lecithins and other phosphoaminolipids : Other

Can we claim ITC on inputs used to trade Lecithins and other phosphoaminolipids : Other?

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 Lecithins and other phosphoaminolipids : Other?

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.

Any common misclassification issue with Lecithins and other phosphoaminolipids : Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

How should mixed supplies be billed when Lecithins and other phosphoaminolipids : Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lecithins and other phosphoaminolipids : Other; Nil for exempt items if applicable).

How much GST applies to Lecithins and other phosphoaminolipids : Other?

Under HSN 29232090, Lecithins and other phosphoaminolipids : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Do e‑way bill and e‑invoice apply for Lecithins and other phosphoaminolipids : Other?

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.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.