HSN Code 29239000: Lecithins and Other Phosphoaminolipids

HSN Code 29239000 represents Lecithins and Other Phosphoaminolipids under GST classification. This code helps businesses identify Lecithins and Other Phosphoaminolipids correctly for billing, taxation, and trade. With HSN Code 29239000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Lecithins and Other Phosphoaminolipids.

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Description of Goods for HSN Code 29239000

HSN Code 29239000 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 29239000 not include?

Lecithins and Other Phosphoaminolipids does not include products with the following descriptions.

India’s Trade Performance — HSN Code 29239000 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

₹417 Cr

−10.35% vs FY 2023-24

0.0113% of India’s total exports

India’s Imports

FY 2024-25

₹236 Cr

−5.29% vs FY 2023-24

0.0039% of India’s total imports

Trade Balance

FY 2024-25

₹181 Cr

Trade Surplus

Surplus rank #1212 of 12657 HSN codes

% of Sub-Chapter 2923

FY 2024-25

28.57%

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

Import side: 38.91% of Sub-Chapter 2923’s imports

Rank Within Sub-Chapter 2923

FY 2024-25

#2 of 6

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

Import-side rank: #1 of 6

At a glance

5.01%

Export CAGR

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

#1154

National Export Rank

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

+26.48%

Peak Growth Year

FY 2021-22 · strongest single-year move

28.57%

Contribution to Sub-Ch. 2923

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

India Export-Import Trade Statistics for HSN Code 29239000

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 #963

Balance

+152.14

Exports

311.00 ₹ Cr

0.0136% share

— YoY

34.59% of Sub-Ch. 2923

Imports

158.86 ₹ Cr

0.0044% share

— YoY

41.14% of Sub-Ch. 2923

FY 2019-20 Exp. Rank #862

Balance

+198.36

Exports

356.57 ₹ Cr

0.0162% share

+14.65% YoY

36.94% of Sub-Ch. 2923

Imports

158.21 ₹ Cr

0.0047% share

−0.41% YoY

42.73% of Sub-Ch. 2923

FY 2020-21 Exp. Rank #790

Balance

+237.17

Exports

426.11 ₹ Cr

0.0198% share

+19.50% YoY

41.73% of Sub-Ch. 2923

Imports

188.94 ₹ Cr

0.0065% share

+19.42% YoY

39.89% of Sub-Ch. 2923

FY 2021-22 Exp. Rank #807

Balance

+290.22

Exports

538.96 ₹ Cr

0.0172% share

+26.48% YoY

40.08% of Sub-Ch. 2923

Imports

248.74 ₹ Cr

0.0054% share

+31.65% YoY

38.72% of Sub-Ch. 2923

FY 2022-23 Exp. Rank #991

Balance

+97.55

Exports

458.15 ₹ Cr

0.0127% share

−14.99% YoY

17.89% of Sub-Ch. 2923

Imports

360.60 ₹ Cr

0.0063% share

+44.97% YoY

31.67% of Sub-Ch. 2923

FY 2023-24 Exp. Rank #1021

Balance

+216.02

Exports

465.14 ₹ Cr

0.0129% share

+1.53% YoY

24.23% of Sub-Ch. 2923

Imports

249.12 ₹ Cr

0.0044% share

−30.92% YoY

31.19% of Sub-Ch. 2923

FY 2024-25 Exp. Rank #1154

Balance

+181.07

Exports

417.01 ₹ Cr

0.0113% share

−10.35% YoY

28.57% of Sub-Ch. 2923

Imports

235.94 ₹ Cr

0.0039% share

−5.29% YoY

38.91% of Sub-Ch. 2923

CAGR · 7-Year

Exports

5.01% /yr

Imports

6.81% /yr

Consistently Surplus
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 29239000 Export-Import Analysis

Consistent Export Growth: 5.01% CAGR Over 7 Years

India's exports under HSN Code 29239000 have grown at a compound annual rate of 5.01% over 7 fiscal years, rising from ₹311.00 Crore in FY 2018-19 to ₹417.01 Crore in FY 2024-25.

HSN Code 29239000 Ranked #1154 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29239000 ranks #1154 out of 12657 HSN codes by total export value. Within Sub-Chapter 2923, it ranks #2 of 6. By trade surplus, it ranks #1212 of 12657.

FY 2021-22 Was the Strongest Growth Year for HSN Code 29239000 Exports

The strongest single-year export movement for HSN Code 29239000 was recorded in FY 2021-22, when exports surged by 26.48% over the prior year.

India Maintains a Trade Surplus of ₹181.07 Crore in HSN Code 29239000 Goods

In FY 2024-25, India's exports of ₹417.01 Cr exceeded imports of ₹235.94 Cr, resulting in a trade surplus of ₹181.07 Crore — ranking #1212 of 12657 by surplus magnitude.

Import Growth of 6.81% CAGR Signals Stable Import Dependency for Lecithins and Other Phosphoaminolipids

India's imports under HSN Code 29239000 have grown at 6.81% CAGR, reaching ₹235.94 Crore in FY 2024-25.

HSN Code 29239000 Contributes 28.57% of Sub-Chapter 2923 Exports — Ranked #2

Among the 6 HSN codes under Sub-Chapter 2923, HSN Code 29239000 ranks #2 by export value — accounting for 28.57% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 38.91% share (rank #1).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29239000 and GST compliance.

What products are classified under HSN 29239000 ?

It includes Lecithins and Other Phosphoaminolipids

Can we claim ITC on inputs used to trade Lecithins and Other Phosphoaminolipids?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Any common misclassification issue with Lecithins and Other Phosphoaminolipids?

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

Does packaging or labelling change the GST for Lecithins and Other Phosphoaminolipids?

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 Lecithins and Other Phosphoaminolipids?

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 should mixed supplies be billed when Lecithins and Other Phosphoaminolipids 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; Nil for exempt items if applicable).

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.