HSN Code 29304000: Methionine

HSN Code 29304000 represents Methionine under GST classification. This code helps businesses identify Methionine correctly for billing, taxation, and trade. With HSN Code 29304000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Methionine.

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Description of Goods for HSN Code 29304000

HSN Code 29304000 relates to the following description.

Description of Goods

Methionine

Chapter

29 - Organic chemicals

Sub Chapter

2930 - Organo-sulphur compounds

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29304000 not include?

Methionine does not include products with the following descriptions.

HSN Code 29309040

Other :L-cystine (alpha-amino beta-thiopropionic acid)-sulphur containing amino acid

HSN Code 29309097

Other :Other :Phosphorothioic acid, S[2-(diethyl amino) ethyl] O O-Diethyl ester

India’s Trade Performance — HSN Code 29304000 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

₹3 Cr

−53.88% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹1,476 Cr

+26.00% vs FY 2023-24

0.0243% of India’s total imports

Trade Balance

FY 2024-25

−₹1,473 Cr

Trade Deficit

Surplus rank #12342 of 12657 HSN codes

% of Sub-Chapter 2930

FY 2024-25

0.12%

Share of Sub-Chapter 2930’s total exports in FY 2024-25

Import side: 39.82% of Sub-Chapter 2930’s imports

Rank Within Sub-Chapter 2930

FY 2024-25

#11 of 28

Position by export value among HSN codes in Sub-Chapter 2930

Import-side rank: #2 of 28

At a glance

13.63%

Export CAGR

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

#7206

National Export Rank

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

+278.43%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.12%

Contribution to Sub-Ch. 2930

Share of Sub-Chapter 2930 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29304000

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 #7316

Balance

−715.15

Exports

1.38 ₹ Cr

0.0001% share

— YoY

0.17% of Sub-Ch. 2930

Imports

716.53 ₹ Cr

0.0200% share

— YoY

34.76% of Sub-Ch. 2930

FY 2019-20 Exp. Rank #7602

Balance

−610.59

Exports

1.02 ₹ Cr

0.0000% share

−26.09% YoY

0.10% of Sub-Ch. 2930

Imports

611.61 ₹ Cr

0.0183% share

−14.64% YoY

33.38% of Sub-Ch. 2930

FY 2020-21 Exp. Rank #6242

Balance

−751.97

Exports

3.86 ₹ Cr

0.0002% share

+278.43% YoY

0.23% of Sub-Ch. 2930

Imports

755.83 ₹ Cr

0.0259% share

+23.58% YoY

32.19% of Sub-Ch. 2930

FY 2021-22 Exp. Rank #6377

Balance

−1,076.21

Exports

4.89 ₹ Cr

0.0002% share

+26.68% YoY

0.26% of Sub-Ch. 2930

Imports

1,081.10 ₹ Cr

0.0237% share

+43.03% YoY

34.74% of Sub-Ch. 2930

FY 2022-23 Exp. Rank #7471

Balance

−1,145.02

Exports

1.93 ₹ Cr

0.0001% share

−60.53% YoY

0.09% of Sub-Ch. 2930

Imports

1,146.95 ₹ Cr

0.0199% share

+6.09% YoY

32.84% of Sub-Ch. 2930

FY 2023-24 Exp. Rank #6259

Balance

−1,164.72

Exports

6.44 ₹ Cr

0.0002% share

+233.68% YoY

0.29% of Sub-Ch. 2930

Imports

1,171.16 ₹ Cr

0.0209% share

+2.11% YoY

34.76% of Sub-Ch. 2930

FY 2024-25 Exp. Rank #7206

Balance

−1,472.72

Exports

2.97 ₹ Cr

0.0001% share

−53.88% YoY

0.12% of Sub-Ch. 2930

Imports

1,475.69 ₹ Cr

0.0243% share

+26.00% YoY

39.82% of Sub-Ch. 2930

CAGR · 7-Year

Exports

13.63% /yr

Imports

12.80% /yr

Consistently Deficit
Sub-Chapter 2930 total

reference, FY 2024-25

Export

₹2,392.98 Cr

Import

₹3,705.96 Cr

Trade Balance

−1,312.98

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

Key Trade Insights: HSN Code 29304000 Export-Import Analysis

Consistent Export Growth: 13.63% CAGR Over 7 Years

India's exports under HSN Code 29304000 have grown at a compound annual rate of 13.63% over 7 fiscal years, rising from ₹1.38 Crore in FY 2018-19 to ₹2.97 Crore in FY 2024-25.

HSN Code 29304000 Ranked #7206 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29304000 ranks #7206 out of 12657 HSN codes by total export value. Within Sub-Chapter 2930, it ranks #11 of 28. By trade surplus, it ranks #12342 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29304000 Exports

The strongest single-year export movement for HSN Code 29304000 was recorded in FY 2020-21, when exports surged by 278.43% over the prior year.

India Records a Trade Deficit of ₹1,472.72 Crore in HSN Code 29304000 Goods

In FY 2024-25, India's imports of ₹1,475.69 Cr exceeded exports of ₹2.97 Cr, resulting in a trade deficit of ₹1,472.72 Crore — ranking #12342 of 12657 by surplus magnitude.

Import Growth of 12.80% CAGR Signals Rising Demand for Methionine

India's imports under HSN Code 29304000 have grown at 12.80% CAGR, reaching ₹1,475.69 Crore in FY 2024-25.

HSN Code 29304000 Contributes 0.12% of Sub-Chapter 2930 Exports — Ranked #11

Among the 28 HSN codes under Sub-Chapter 2930, HSN Code 29304000 ranks #11 by export value — accounting for 0.12% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 39.82% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29304000 and GST compliance.

What products are classified under HSN 29304000 ?

It includes Methionine

Any common misclassification issue with Methionine?

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

Do e‑way bill and e‑invoice apply for Methionine?

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 much GST applies to Methionine?

Under HSN 29304000, Methionine attracts Varies when sold in taxable form. Describe the exact form on the invoice.

Does packaging or labelling change the GST for Methionine?

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 Methionine?

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

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.