HSN Code 29309070: Other |Mercaptan

HSN Code 29309070 represents Other |Mercaptan under GST classification. This code helps businesses identify Other |Mercaptan correctly for billing, taxation, and trade. With HSN Code 29309070, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Other |Mercaptan.

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Description of Goods for HSN Code 29309070

HSN Code 29309070 relates to the following description.

Description of Goods

Other :Mercaptan

Chapter

29 - Organic chemicals

Sub Chapter

2930 - Organo-sulphur compounds

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29309070 not include?

Other |Mercaptan 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 29309070 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

₹14 Cr

+50.64% vs FY 2023-24

0.0004% of India’s total exports

India’s Imports

FY 2024-25

₹121 Cr

−10.00% vs FY 2023-24

0.0020% of India’s total imports

Trade Balance

FY 2024-25

−₹107 Cr

Trade Deficit

Surplus rank #10849 of 12657 HSN codes

% of Sub-Chapter 2930

FY 2024-25

0.59%

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

Import side: 3.26% of Sub-Chapter 2930’s imports

Rank Within Sub-Chapter 2930

FY 2024-25

#8 of 28

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

Import-side rank: #5 of 28

At a glance

11.31%

Export CAGR

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

#5352

National Export Rank

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

+180.00%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.59%

Contribution to Sub-Ch. 2930

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

India Export-Import Trade Statistics for HSN Code 29309070

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 #5379

Balance

−106.23

Exports

7.38 ₹ Cr

0.0003% share

— YoY

0.93% of Sub-Ch. 2930

Imports

113.61 ₹ Cr

0.0032% share

— YoY

5.51% of Sub-Ch. 2930

FY 2019-20 Exp. Rank #5683

Balance

−61.12

Exports

5.75 ₹ Cr

0.0003% share

−22.09% YoY

0.54% of Sub-Ch. 2930

Imports

66.87 ₹ Cr

0.0020% share

−41.14% YoY

3.65% of Sub-Ch. 2930

FY 2020-21 Exp. Rank #4490

Balance

−53.38

Exports

16.10 ₹ Cr

0.0007% share

+180.00% YoY

0.97% of Sub-Ch. 2930

Imports

69.48 ₹ Cr

0.0024% share

+3.90% YoY

2.96% of Sub-Ch. 2930

FY 2021-22 Exp. Rank #6039

Balance

−95.03

Exports

6.46 ₹ Cr

0.0002% share

−59.88% YoY

0.34% of Sub-Ch. 2930

Imports

101.49 ₹ Cr

0.0022% share

+46.07% YoY

3.26% of Sub-Ch. 2930

FY 2022-23 Exp. Rank #5330

Balance

−128.80

Exports

12.63 ₹ Cr

0.0003% share

+95.51% YoY

0.60% of Sub-Ch. 2930

Imports

141.43 ₹ Cr

0.0025% share

+39.35% YoY

4.05% of Sub-Ch. 2930

FY 2023-24 Exp. Rank #5819

Balance

−125.07

Exports

9.32 ₹ Cr

0.0003% share

−26.21% YoY

0.42% of Sub-Ch. 2930

Imports

134.39 ₹ Cr

0.0024% share

−4.98% YoY

3.99% of Sub-Ch. 2930

FY 2024-25 Exp. Rank #5352

Balance

−106.91

Exports

14.04 ₹ Cr

0.0004% share

+50.64% YoY

0.59% of Sub-Ch. 2930

Imports

120.95 ₹ Cr

0.0020% share

−10.00% YoY

3.26% of Sub-Ch. 2930

CAGR · 7-Year

Exports

11.31% /yr

Imports

1.05% /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 29309070 Export-Import Analysis

Consistent Export Growth: 11.31% CAGR Over 7 Years

India's exports under HSN Code 29309070 have grown at a compound annual rate of 11.31% over 7 fiscal years, rising from ₹7.38 Crore in FY 2018-19 to ₹14.04 Crore in FY 2024-25.

HSN Code 29309070 Ranked #5352 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29309070 ranks #5352 out of 12657 HSN codes by total export value. Within Sub-Chapter 2930, it ranks #8 of 28. By trade surplus, it ranks #10849 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29309070 Exports

The strongest single-year export movement for HSN Code 29309070 was recorded in FY 2020-21, when exports surged by 180.00% over the prior year.

India Records a Trade Deficit of ₹106.91 Crore in HSN Code 29309070 Goods

In FY 2024-25, India's imports of ₹120.95 Cr exceeded exports of ₹14.04 Cr, resulting in a trade deficit of ₹106.91 Crore — ranking #10849 of 12657 by surplus magnitude.

Import Growth of 1.05% CAGR Signals Stable Import Dependency for Other |Mercaptan

India's imports under HSN Code 29309070 have grown at 1.05% CAGR, reaching ₹120.95 Crore in FY 2024-25.

HSN Code 29309070 Contributes 0.59% of Sub-Chapter 2930 Exports — Ranked #8

Among the 28 HSN codes under Sub-Chapter 2930, HSN Code 29309070 ranks #8 by export value — accounting for 0.59% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.26% share (rank #5).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29309070 and GST compliance.

What products are classified under HSN 29309070 ?

It includes Other |Mercaptan

How should mixed supplies be billed when Other /Mercaptan is sold with other items?

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

Any common misclassification issue with Other /Mercaptan?

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

Can we claim ITC on inputs used to trade Other /Mercaptan?

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

Does packaging or labelling change the GST for Other /Mercaptan?

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 Other /Mercaptan?

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.

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.