--- title: "HSN Code for Toluene Di-Isocyanate | HSN 29291020 GST Rate" description: "Find HSN and GST Rates for 29291020 related to Toluene Di-Isocyanate with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29291020/" --- # HSN Code 29291020: Toluene Di-Isocyanate - [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 2929: Compounds with other nitrogen function](https://busy.in/hsn/sub-chapter-2929/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Toluene di-isocyanate | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29291020 ? It includes Toluene Di-Isocyanate ### Can we claim ITC on inputs used to trade Toluene Di-Isocyanate? 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 Toluene Di-Isocyanate is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Toluene Di-Isocyanate; Nil for exempt items if applicable). ### Any common misclassification issue with Toluene Di-Isocyanate? 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 Toluene Di-Isocyanate? Under HSN 29291020, Toluene Di-Isocyanate attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Does packaging or labelling change the GST for Toluene Di-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. ## India's trade performance: HSN Code 29291020 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹14 Cr (−87.28% YoY) — 0.0004% of India's total exports - Imports: ₹1,192 Cr (+34.01% YoY) — 0.0196% of India's total imports - Trade balance: −₹1,178 Cr (Deficit); surplus rank #12264 of 12657 HSN codes - Share of Sub-Chapter 2929: 6.67% of its exports; import side 40.25% - Rank within Sub-Chapter 2929: #3 of 10 by export value; import-side #2 ### Key metrics - Export CAGR: -42.28% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #5363 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +40.38% in FY 2023-24 - Contribution to Sub-Ch. 2929: 6.67% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29291020 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. 2929 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2929 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 377.39 | 0.0165% | — | 62.34% | 706.90 | 0.0197% | — | 32.20% | −329.51 | #829 | | FY 2019-20 | 236.00 | 0.0107% | −37.47% | 47.90% | 435.97 | 0.0130% | −38.33% | 29.74% | −199.97 | #1183 | | FY 2020-21 | 227.16 | 0.0106% | −3.75% | 45.50% | 472.56 | 0.0162% | +8.39% | 30.43% | −245.40 | #1244 | | FY 2021-22 | 103.81 | 0.0033% | −54.30% | 22.55% | 743.59 | 0.0163% | +57.35% | 33.81% | −639.78 | #2364 | | FY 2022-23 | 78.20 | 0.0022% | −24.67% | 19.05% | 1,141.57 | 0.0199% | +53.52% | 39.50% | −1,063.37 | #2872 | | FY 2023-24 | 109.78 | 0.0030% | +40.38% | 29.27% | 889.45 | 0.0158% | −22.09% | 36.26% | −779.67 | #2457 | | FY 2024-25 | 13.96 | 0.0004% | −87.28% | 6.67% | 1,191.92 | 0.0196% | +34.01% | 40.25% | −1,177.96 | #5363 | - CAGR (7-year): exports -42.28%/yr, imports 9.10%/yr (consistently Deficit) ## Key trade insights: HSN Code 29291020 export-import analysis ### Export decline: -42.28% CAGR over 7 years India's exports under HSN Code 29291020 have declined at a compound annual rate of -42.28% over 7 fiscal years, falling from ₹377.39 Crore in FY 2018-19 to ₹13.96 Crore in FY 2024-25. ### HSN Code 29291020 ranked #5363 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29291020 ranks #5363 out of 12657 HSN codes by total export value. Within Sub-Chapter 2929, it ranks #3 of 10. By trade surplus, it ranks #12264 of 12657. ### FY 2023-24 was the strongest growth year for HSN Code 29291020 exports The strongest single-year export movement for HSN Code 29291020 was recorded in FY 2023-24, when exports surged by 40.38% over the prior year. ### India records a trade deficit of ₹1,177.96 Crore in HSN Code 29291020 goods In FY 2024-25, India's imports of ₹1,191.92 Cr exceeded exports of ₹13.96 Cr, resulting in a trade deficit of ₹1,177.96 Crore — ranking #12264 of 12657 by surplus magnitude. ### Import growth of 9.10% CAGR signals stable import dependency for Toluene Di-Isocyanate India's imports under HSN Code 29291020 have grown at 9.10% CAGR, reaching ₹1,191.92 Crore in FY 2024-25. ### HSN Code 29291020 contributes 6.67% of Sub-Chapter 2929 exports — ranked #3 Among the 10 HSN codes under Sub-Chapter 2929, HSN Code 29291020 ranks #3 by export value — accounting for 6.67% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 40.25% share (rank #2). ## Related HSN Codes in Sub-Chapter 2929 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29299090: Other Compounds with Nitrogen Function](https://busy.in/hsn/hsn-29299090/) | ₹116 Cr | | #2 | [HSN Code 29291090: Other Compounds with Nitrogen Function - Isocyanates](https://busy.in/hsn/hsn-29291090/) | ₹72 Cr | | #3 | HSN Code 29291020: Toluene Di-Isocyanate (this hsn code) | ₹14 Cr | | #4 | [HSN Code 29291010: Phenyl Isocyanate](https://busy.in/hsn/hsn-29291010/) | ₹6 Cr | | #5 | [HSN Code 29299060: Phosphoramidic acid, diethyl, dimethylester](https://busy.in/hsn/hsn-29299060/) | ₹1 Cr | | #6 | [HSN Code 29299050: Diethyl phosphoramidate](https://busy.in/hsn/hsn-29299050/) | < ₹1 Crore | | #7 | [HSN Code 29299010: N,N-Diethylphosphoramidic Dichloride](https://busy.in/hsn/hsn-29299010/) | < ₹1 Crore | | — | [HSN Code 29299020: Of a capacity of 50 l or more : Trunks and cases](https://busy.in/hsn/hsn-29299020/) | Nil | | — | [HSN Code 29299030: N,N-Dipropylphosphoramidic Dichloride](https://busy.in/hsn/hsn-29299030/) | Nil | | — | [HSN Code 29299040: N,N-Dimethylphosphoramidic Dichloride](https://busy.in/hsn/hsn-29299040/) | Nil |