--- title: "HSN Code for Guanidine Nitrate: Imines & Derivatives | HSN 29242970 GST Rate" description: "Find HSN and GST Rates for 29242970 related to Guanidine Nitrate: Imines & Derivatives with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29242970/" --- # HSN Code 29242970: Guanidine Nitrate: Imines & Derivatives - [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 2924: Internal combustion engines](https://busy.in/hsn/sub-chapter-2924/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Pretilachlor (iso) | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29242970 ? It includes Phosphonic acid,methyl,dimethyl ester ### Do e‑way bill and e‑invoice apply for Guanidine Nitrate: Imines & Derivatives? 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 Guanidine Nitrate: Imines & Derivatives? 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 Guanidine Nitrate: Imines & Derivatives? Under HSN 29242970, Guanidine Nitrate: Imines & Derivatives attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Guanidine Nitrate: Imines & Derivatives? 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. ### Can we claim ITC on inputs used to trade Guanidine Nitrate: Imines & Derivatives? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ## India's trade performance: HSN Code 29242970 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1 Cr (+176.09% YoY) — 0.0000% of India's total exports - Imports: ₹21 Cr (+231.13% YoY) — 0.0003% of India's total imports - Trade balance: −₹19 Cr (Deficit); surplus rank #9529 of 12657 HSN codes - Share of Sub-Chapter 2924: 0.02% of its exports; import side 0.73% - Rank within Sub-Chapter 2924: #9 of 19 by export value; import-side #6 ### Key metrics - National export rank: #8023 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +176.09% in FY 2024-25 - Contribution to Sub-Ch. 2924: 0.02% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29242970 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. 2924 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2924 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2020-21 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2021-22 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2022-23 | Nil | 0.0000% | — | 0.00% | Nil | 0.0000% | — | 0.00% | 0.00 | — | | FY 2023-24 | < ₹1 Crore | 0.0000% | — | 0.01% | 6.20 | 0.0001% | — | 0.24% | −5.74 | #8860 | | FY 2024-25 | 1.27 | 0.0000% | +176.09% | 0.02% | 20.53 | 0.0003% | +231.13% | 0.73% | −19.26 | #8023 | ## Key trade insights: HSN Code 29242970 export-import analysis ### Export snapshot for HSN Code 29242970 India exported ₹1.27 Crore worth of Guanidine Nitrate: Imines & Derivatives in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 29242970 ranked #8023 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29242970 ranks #8023 out of 12657 HSN codes by total export value. Within Sub-Chapter 2924, it ranks #9 of 19. By trade surplus, it ranks #9529 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 29242970 exports The strongest single-year export movement for HSN Code 29242970 was recorded in FY 2024-25, when exports surged by 176.09% over the prior year. ### India records a trade deficit of ₹19.26 Crore in HSN Code 29242970 goods In FY 2024-25, India's imports of ₹20.53 Cr exceeded exports of ₹1.27 Cr, resulting in a trade deficit of ₹19.26 Crore — ranking #9529 of 12657 by surplus magnitude. ### HSN Code 29242970 contributes 0.02% of Sub-Chapter 2924 exports — ranked #9 Among the 19 HSN codes under Sub-Chapter 2924, HSN Code 29242970 ranks #9 by export value — accounting for 0.02% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.73% share (rank #6). ## Related HSN Codes in Sub-Chapter 2924 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29242990: Other Cyclic Amides](https://busy.in/hsn/hsn-29242990/) | ₹3,256 Cr | | #2 | [HSN Code 29241900: Acyclic amides: Other](https://busy.in/hsn/hsn-29241900/) | ₹2,325 Cr | | #3 | [HSN Code 29242190: Other Ureines](https://busy.in/hsn/hsn-29242190/) | ₹229 Cr | | #4 | [HSN Code 29241100: Meprobamate (Inn)](https://busy.in/hsn/hsn-29241100/) | ₹63 Cr | | #5 | [HSN Code 29242960: Pyrazinamide](https://busy.in/hsn/hsn-29242960/) | ₹46 Cr | | #6 | [HSN Code 29242920: Aceto Acetanilide](https://busy.in/hsn/hsn-29242920/) | ₹9 Cr | | #7 | [HSN Code 29242910: Acetanilide](https://busy.in/hsn/hsn-29242910/) | ₹3 Cr | | #8 | [HSN Code 29242950: Phenyl Acetamide](https://busy.in/hsn/hsn-29242950/) | ₹2 Cr | | #9 | HSN Code 29242970: Guanidine Nitrate: Imines & Derivatives (this hsn code) | ₹1 Cr | | #10 | [HSN Code 29242110: Pretilachlor (iso)](https://busy.in/hsn/hsn-29242110/) | ₹1 Cr |