HSN Code 29321300: Furan compounds: Furfuryl alcohol

HSN Code 29321300 represents Furan compounds: Furfuryl alcohol under GST classification. This code helps businesses identify Furan compounds: Furfuryl alcohol correctly for billing, taxation, and trade. With HSN Code 29321300, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Furan compounds: Furfuryl alcohol.

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Description of Goods for HSN Code 29321300

HSN Code 29321300 relates to the following description.

Description of Goods

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

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 29321300 not include?

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

HSN Code 29321100

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

HSN Code 29321200

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

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 29321300 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

< ₹1 Crore

+1,450.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹90 Cr

−13.02% vs FY 2023-24

0.0015% of India’s total imports

Trade Balance

FY 2024-25

−₹90 Cr

Trade Deficit

Surplus rank #10715 of 12657 HSN codes

% of Sub-Chapter 2932

FY 2024-25

0.01%

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

Import side: 2.17% of Sub-Chapter 2932’s imports

Rank Within Sub-Chapter 2932

FY 2024-25

#13 of 19

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

Import-side rank: #6 of 19

At a glance

57.90%

Export CAGR

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

#9185

National Export Rank

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

+1,750.00%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.01%

Contribution to Sub-Ch. 2932

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

India Export-Import Trade Statistics for HSN Code 29321300

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 #9774

Balance

−132.03

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2932

Imports

132.05 ₹ Cr

0.0037% share

— YoY

5.18% of Sub-Ch. 2932

FY 2019-20 Exp. Rank #8433

Balance

−78.54

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,750.00% YoY

0.02% of Sub-Ch. 2932

Imports

78.91 ₹ Cr

0.0024% share

−40.24% YoY

3.15% of Sub-Ch. 2932

FY 2020-21

Balance

−90.13

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2932

Imports

90.13 ₹ Cr

0.0031% share

+14.22% YoY

2.78% of Sub-Ch. 2932

FY 2021-22 Exp. Rank #9874

Balance

−146.19

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2932

Imports

146.23 ₹ Cr

0.0032% share

+62.24% YoY

3.72% of Sub-Ch. 2932

FY 2022-23

Balance

−136.22

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2932

Imports

136.22 ₹ Cr

0.0024% share

−6.85% YoY

2.98% of Sub-Ch. 2932

FY 2023-24 Exp. Rank #10338

Balance

−103.93

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2932

Imports

103.95 ₹ Cr

0.0019% share

−23.69% YoY

2.69% of Sub-Ch. 2932

FY 2024-25 Exp. Rank #9185

Balance

−90.11

Exports

< ₹1 Crore ₹ Cr

0.0000% share

+1,450.00% YoY

0.01% of Sub-Ch. 2932

Imports

90.42 ₹ Cr

0.0015% share

−13.02% YoY

2.17% of Sub-Ch. 2932

CAGR · 7-Year

Exports

57.90% /yr

Imports

−6.12% /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 29321300 Export-Import Analysis

Consistent Export Growth: 57.90% CAGR Over 7 Years

India's exports under HSN Code 29321300 have grown at a compound annual rate of 57.90% over 7 fiscal years, rising from ₹0.02 Crore in FY 2018-19 to ₹0.31 Crore in FY 2024-25.

HSN Code 29321300 Ranked #9185 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29321300 ranks #9185 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #13 of 19. By trade surplus, it ranks #10715 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 29321300 Exports

The strongest single-year export movement for HSN Code 29321300 was recorded in FY 2019-20, when exports surged by 1,750.00% over the prior year.

India Records a Trade Deficit of ₹90.11 Crore in HSN Code 29321300 Goods

In FY 2024-25, India's imports of ₹90.42 Cr exceeded exports of ₹0.31 Cr, resulting in a trade deficit of ₹90.11 Crore — ranking #10715 of 12657 by surplus magnitude.

Import Growth of −6.12% CAGR Signals Stable Import Dependency for Furan compounds: Furfuryl alcohol

India's imports under HSN Code 29321300 have grown at −6.12% CAGR, reaching ₹90.42 Crore in FY 2024-25.

HSN Code 29321300 Contributes 0.01% of Sub-Chapter 2932 Exports — Ranked #13

Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29321300 ranks #13 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 2.17% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29321300 and GST compliance.

What products are classified under HSN 29321300 ?

It includes Furan compounds: Furfuryl alcohol

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

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

Can we claim ITC on inputs used to trade Furan compounds: Furfuryl alcohol?

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

Any common misclassification issue with Furan compounds: Furfuryl alcohol?

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 Furan compounds: Furfuryl alcohol?

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 Furan compounds: Furfuryl alcohol?

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.