HSN Code 29321100: Furan compounds: Tetrahydrofuran

HSN Code 29321100 represents Furan compounds: Tetrahydrofuran under GST classification. This code helps businesses identify Furan compounds: Tetrahydrofuran correctly for billing, taxation, and trade. With HSN Code 29321100, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Furan compounds: Tetrahydrofuran.

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Description of Goods for HSN Code 29321100

HSN Code 29321100 relates to the following description.

Description of Goods

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Tetrahydrofuran

Chapter

29 - Organic chemicals

Sub Chapter

2932 - Heterocyclic compounds with oxygen heteroatom (s) only

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29321100 not include?

Furan compounds: Tetrahydrofuran does not include products with the following descriptions.

HSN Code 29321200

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : 2-Furaldehyde (furfuraldehyde)

HSN Code 29321300

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Furfuryl alcohol and tetrahydrofurfuryl alcohol

HSN Code 29321400

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Sucralose

HSN Code 29321910

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Hydroxy dibenzfuran carboxylic acid

HSN Code 29321990

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Other

India’s Trade Performance — HSN Code 29321100 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

₹11 Cr

−3.01% vs FY 2023-24

0.0003% of India’s total exports

India’s Imports

FY 2024-25

₹474 Cr

+16.56% vs FY 2023-24

0.0078% of India’s total imports

Trade Balance

FY 2024-25

−₹464 Cr

Trade Deficit

Surplus rank #11848 of 12657 HSN codes

% of Sub-Chapter 2932

FY 2024-25

0.30%

Share of Sub-Chapter 2932’s total exports in FY 2024-25

Import side: 11.37% of Sub-Chapter 2932’s imports

Rank Within Sub-Chapter 2932

FY 2024-25

#6 of 19

Position by export value among HSN codes in Sub-Chapter 2932

Import-side rank: #4 of 19

At a glance

2.65%

Export CAGR

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

#5724

National Export Rank

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

+903.53%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.30%

Contribution to Sub-Ch. 2932

Share of Sub-Chapter 2932 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29321100

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 #5099

Balance

−356.71

Exports

9.08 ₹ Cr

0.0004% share

— YoY

0.57% of Sub-Ch. 2932

Imports

365.79 ₹ Cr

0.0102% share

— YoY

14.35% of Sub-Ch. 2932

FY 2019-20 Exp. Rank #6407

Balance

−369.72

Exports

3.14 ₹ Cr

0.0001% share

−65.42% YoY

0.19% of Sub-Ch. 2932

Imports

372.86 ₹ Cr

0.0111% share

+1.93% YoY

14.91% of Sub-Ch. 2932

FY 2020-21 Exp. Rank #7024

Balance

−479.98

Exports

1.95 ₹ Cr

0.0001% share

−37.90% YoY

0.09% of Sub-Ch. 2932

Imports

481.93 ₹ Cr

0.0165% share

+29.25% YoY

14.84% of Sub-Ch. 2932

FY 2021-22 Exp. Rank #6779

Balance

−801.72

Exports

3.40 ₹ Cr

0.0001% share

+74.36% YoY

0.15% of Sub-Ch. 2932

Imports

805.12 ₹ Cr

0.0176% share

+67.06% YoY

20.49% of Sub-Ch. 2932

FY 2022-23 Exp. Rank #3980

Balance

−1,070.09

Exports

34.12 ₹ Cr

0.0009% share

+903.53% YoY

1.27% of Sub-Ch. 2932

Imports

1,104.21 ₹ Cr

0.0192% share

+37.15% YoY

24.19% of Sub-Ch. 2932

FY 2023-24 Exp. Rank #5623

Balance

−395.99

Exports

10.95 ₹ Cr

0.0003% share

−67.91% YoY

0.39% of Sub-Ch. 2932

Imports

406.94 ₹ Cr

0.0072% share

−63.15% YoY

10.52% of Sub-Ch. 2932

FY 2024-25 Exp. Rank #5724

Balance

−463.70

Exports

10.62 ₹ Cr

0.0003% share

−3.01% YoY

0.30% of Sub-Ch. 2932

Imports

474.32 ₹ Cr

0.0078% share

+16.56% YoY

11.37% of Sub-Ch. 2932

CAGR · 7-Year

Exports

2.65% /yr

Imports

4.43% /yr

Consistently Deficit
Sub-Chapter 2932 total

reference, FY 2024-25

Export

₹3,532.09 Cr

Import

₹4,171.15 Cr

Trade Balance

−639.06

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

Key Trade Insights: HSN Code 29321100 Export-Import Analysis

Consistent Export Growth: 2.65% CAGR Over 7 Years

India's exports under HSN Code 29321100 have grown at a compound annual rate of 2.65% over 7 fiscal years, rising from ₹9.08 Crore in FY 2018-19 to ₹10.62 Crore in FY 2024-25.

HSN Code 29321100 Ranked #5724 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29321100 ranks #5724 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #6 of 19. By trade surplus, it ranks #11848 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 29321100 Exports

The strongest single-year export movement for HSN Code 29321100 was recorded in FY 2022-23, when exports surged by 903.53% over the prior year.

India Records a Trade Deficit of ₹463.70 Crore in HSN Code 29321100 Goods

In FY 2024-25, India's imports of ₹474.32 Cr exceeded exports of ₹10.62 Cr, resulting in a trade deficit of ₹463.70 Crore — ranking #11848 of 12657 by surplus magnitude.

Import Growth of 4.43% CAGR Signals Stable Import Dependency for Furan compounds: Tetrahydrofuran

India's imports under HSN Code 29321100 have grown at 4.43% CAGR, reaching ₹474.32 Crore in FY 2024-25.

HSN Code 29321100 Contributes 0.30% of Sub-Chapter 2932 Exports — Ranked #6

Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29321100 ranks #6 by export value — accounting for 0.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.37% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29321100 and GST compliance.

What products are classified under HSN 29321100 ?

It includes Furan compounds: Tetrahydrofuran

How should mixed supplies be billed when Furan compounds: Tetrahydrofuran is sold with other items?

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

Do e‑way bill and e‑invoice apply for Furan compounds: Tetrahydrofuran?

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.

Does packaging or labelling change the GST for Furan compounds: Tetrahydrofuran?

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.

Any common misclassification issue with Furan compounds: Tetrahydrofuran?

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 Furan compounds: Tetrahydrofuran?

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.