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HSN Code 29291010: Phenyl Isocyanate

HSN Code 29291010 represents Phenyl Isocyanate under GST classification. This code helps businesses identify Phenyl Isocyanate correctly for billing, taxation, and trade. With HSN Code 29291010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Phenyl Isocyanate.

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Description of Goods for HSN Code 29291010

HSN Code 29291010 relates to the following description.

Description of Goods

Phenyl isocyanate

Chapter

29 - Organic chemicals

Sub Chapter

2929 - Compounds with other nitrogen function

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29291010 not include?

Phenyl Isocyanate does not include products with the following descriptions.

HSN Code 29299019

Other : Other N,N-Dialkyl (methyl, ethyl, n-propyl or isopropyl) phosphoramidic dihalides, excluding N,N-diethyl/diisopropyl/dipropyl/dimethyl phosphoramidic dichlorides of 29299011/12/13/14

HSN Code 29299029

Other : Other Dialkyl (methyl, ethyl, n-propyl or isopropyl) N,N-dialkyl (methyl, ethyl, n-propyl or isopropyl) phosphoramidates, excluding Diethyl N,N-Dimethylphosphoramidate (29299021)

HSN Code 29299099

Other : Other compounds with other nitrogen function, excluding the goods of 29299011 to 29299091

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India’s Trade Performance — HSN Code 29291010 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

< ₹1 Crore

−91.89% vs FY 2024-25

0.0000% of India’s total exports

India’s Imports

FY 2025-26

₹63 Cr

−14.75% vs FY 2024-25

0.0009% of India’s total imports

Trade Balance

FY 2025-26

−₹62 Cr

Trade Deficit

Surplus rank #10478 of 12872 HSN codes

% of Sub-Chapter 2929

FY 2025-26

0.16%

Share of Sub-Chapter 2929’s total exports in FY 2025-26

Import side: 2.11% of Sub-Chapter 2929’s imports

Rank Within Sub-Chapter 2929

FY 2025-26

#7 of 15

Position by export value among HSN codes in Sub-Chapter 2929

Import-side rank: #3 of 15

At a glance

−15.48%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#8964

National Export Rank

of 12872 HSN codes by export value, FY 2025-26

+619.05%

Peak Growth Year

FY 2024-25 · strongest single-year move

0.16%

Contribution to Sub-Ch. 2929

Share of Sub-Chapter 2929 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Code 29291010

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #7187

Balance

−85.90

Exports

1.59 ₹ Cr

0.0001% share

— YoY

0.26% of Sub-Ch. 2929

Imports

87.49 ₹ Cr

0.0024% share

— YoY

3.98% of Sub-Ch. 2929

FY 2019-20 Exp. Rank #6723

Balance

−50.43

Exports

2.44 ₹ Cr

0.0001% share

+53.46% YoY

0.50% of Sub-Ch. 2929

Imports

52.87 ₹ Cr

0.0016% share

−39.57% YoY

3.61% of Sub-Ch. 2929

FY 2020-21 Exp. Rank #7225

Balance

−136.94

Exports

1.60 ₹ Cr

0.0001% share

−34.43% YoY

0.32% of Sub-Ch. 2929

Imports

138.54 ₹ Cr

0.0048% share

+162.04% YoY

8.92% of Sub-Ch. 2929

FY 2021-22 Exp. Rank #7843

Balance

−142.04

Exports

1.17 ₹ Cr

0.0000% share

−26.88% YoY

0.25% of Sub-Ch. 2929

Imports

143.21 ₹ Cr

0.0031% share

+3.37% YoY

6.51% of Sub-Ch. 2929

FY 2022-23 Exp. Rank #8606

Balance

−172.33

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−52.99% YoY

0.13% of Sub-Ch. 2929

Imports

172.88 ₹ Cr

0.0030% share

+20.72% YoY

5.98% of Sub-Ch. 2929

FY 2023-24 Exp. Rank #8386

Balance

−69.42

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+52.73% YoY

0.22% of Sub-Ch. 2929

Imports

70.26 ₹ Cr

0.0013% share

−59.36% YoY

2.86% of Sub-Ch. 2929

FY 2024-25 Exp. Rank #6394

Balance

−67.53

Exports

6.04 ₹ Cr

0.0002% share

+619.05% YoY

2.88% of Sub-Ch. 2929

Imports

73.57 ₹ Cr

0.0012% share

+4.71% YoY

2.48% of Sub-Ch. 2929

FY 2025-26 Exp. Rank #8964

Balance

−62.23

Exports

< ₹1 Crore ₹ Cr

0.0000% share

−91.89% YoY

0.16% of Sub-Ch. 2929

Imports

62.72 ₹ Cr

0.0009% share

−14.75% YoY

2.11% of Sub-Ch. 2929

CAGR · 8-Year

Exports

−15.48% /yr

Imports

−4.64% /yr

Consistently Deficit
Sub-Chapter 2929 total

reference, FY 2025-26

Export

₹304.36 Cr

Import

₹2,975.38 Cr

Trade Balance

−2,671.02

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

Key Trade Insights: HSN Code 29291010 Export-Import Analysis

Export Decline: −15.48% CAGR Over 8 Years

India's exports under HSN Code 29291010 have declined at a compound annual rate of −15.48% over 8 fiscal years, falling from ₹1.59 Crore in FY 2018-19 to ₹0.49 Crore in FY 2025-26.

HSN Code 29291010 Ranked #8964 Among All 12872 HSN codes by Export Value

In FY 2025-26, HSN Code 29291010 ranks #8964 out of 12872 HSN codes by total export value. Within Sub-Chapter 2929, it ranks #7 of 15. By trade surplus, it ranks #10478 of 12872.

FY 2024-25 Was the Strongest Growth Year for HSN Code 29291010 Exports

The strongest single-year export movement for HSN Code 29291010 was recorded in FY 2024-25, when exports surged by 619.05% over the prior year.

India Records a Trade Deficit of ₹62.23 Crore in HSN Code 29291010 Goods

In FY 2025-26, India's imports of ₹62.72 Cr exceeded exports of ₹0.49 Cr, resulting in a trade deficit of ₹62.23 Crore — ranking #10478 of 12872 by surplus magnitude.

Import Growth of −4.64% CAGR Signals Stable Import Dependency for Phenyl Isocyanate

India's imports under HSN Code 29291010 have grown at −4.64% CAGR, reaching ₹62.72 Crore in FY 2025-26.

HSN Code 29291010 Contributes 0.16% of Sub-Chapter 2929 Exports — Ranked #7

Among the 15 HSN codes under Sub-Chapter 2929, HSN Code 29291010 ranks #7 by export value — accounting for 0.16% of the sub-chapter's total exports in FY 2025-26. On the import side, it holds 2.11% share (rank #3).

Frequently Asked Questions

Clear answers to common queries about HSN Code 29291010 and GST compliance.

What products are classified under HSN 29291010 ?

It includes Phenyl Isocyanate

Any common misclassification issue with Phenyl Isocyanate?

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 Phenyl Isocyanate?

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.

How should mixed supplies be billed when Phenyl Isocyanate is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Phenyl Isocyanate; Nil for exempt items if applicable).

How much GST applies to Phenyl Isocyanate?

Under HSN 29291010, Phenyl Isocyanate attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Can we claim ITC on inputs used to trade Phenyl Isocyanate?

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

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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.