HSN Code 29321400: Furan compounds: Sucralose
HSN Code 29321400 represents Furan compounds: Sucralose under GST classification. This code helps businesses identify Furan compounds: Sucralose correctly for billing, taxation, and trade. With HSN Code 29321400, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Furan compounds: Sucralose.
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Description of Goods for HSN Code 29321400
HSN Code 29321400 relates to the following description.
What does HSN Code 29321400 not include?
Furan compounds: Sucralose does not include products with the following descriptions.
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Tetrahydrofuran
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : 2-Furaldehyde (furfuraldehyde)
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Furfuryl alcohol and tetrahydrofurfuryl alcohol
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Hydroxy dibenzfuran carboxylic acid
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Other
Lactones :Coumarin, methylcoumarins and ethylcoumarins
Lactones :Phenolphthalein
Lactones :Other
Other : Isosafrole
Other :1-(1,3-Benzodioxol-5-yl) propan-2-one
Other :Piperonal
Other :Safrole
Other :Tetrahydrocannabinols (all isomers)
Other :Carbofuran (ISO)
Heterocyclic compounds with oxygen hetero-atom (s) only – other : other
Other : Cineole
Emamectin benzoate (iso)
Other :Other
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Tetrahydrofuran
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : 2-Furaldehyde (furfuraldehyde)
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Furfuryl alcohol and tetrahydrofurfuryl alcohol
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Hydroxy dibenzfuran carboxylic acid
Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Other
Lactones :Coumarin, methylcoumarins and ethylcoumarins
Lactones :Phenolphthalein
Lactones :Other
Other : Isosafrole
Other :1-(1,3-Benzodioxol-5-yl) propan-2-one
Other :Piperonal
Other :Safrole
Other :Tetrahydrocannabinols (all isomers)
Other :Carbofuran (ISO)
Heterocyclic compounds with oxygen hetero-atom (s) only – other : other
Other : Cineole
Emamectin benzoate (iso)
Other :Other
India’s Trade Performance — HSN Code 29321400 in FY 2024-25
India’s Exports
FY 2024-25₹3 Cr
0.0001% of India’s total exports
India’s Imports
FY 2024-25₹162 Cr
0.0027% of India’s total imports
Trade Balance
FY 2024-25−₹159 Cr
Surplus rank #11149 of 12657 HSN codes
% of Sub-Chapter 2932
FY 2024-250.09%
Share of Sub-Chapter 2932’s total exports in FY 2024-25
Import side: 3.88% of Sub-Chapter 2932’s imports
Rank Within Sub-Chapter 2932
FY 2024-25#8 of 19
Position by export value among HSN codes in Sub-Chapter 2932
Import-side rank: #5 of 19
At a glance
13.93%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#7100
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+260.00%
Peak Growth Year
FY 2019-20 · strongest single-year move
0.09%
Contribution to Sub-Ch. 2932
Share of Sub-Chapter 2932 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 29321400
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−35.04
Exports
1.50 ₹ Cr
0.0001% share
— YoY
0.09% of Sub-Ch. 2932
Imports
36.54 ₹ Cr
0.0010% share
— YoY
1.43% of Sub-Ch. 2932
Balance
−42.79
Exports
5.40 ₹ Cr
0.0002% share
+260.00% YoY
0.33% of Sub-Ch. 2932
Imports
48.19 ₹ Cr
0.0014% share
+31.88% YoY
1.93% of Sub-Ch. 2932
Balance
−43.31
Exports
3.28 ₹ Cr
0.0002% share
−39.26% YoY
0.16% of Sub-Ch. 2932
Imports
46.59 ₹ Cr
0.0016% share
−3.32% YoY
1.44% of Sub-Ch. 2932
Balance
−96.01
Exports
4.18 ₹ Cr
0.0001% share
+27.44% YoY
0.18% of Sub-Ch. 2932
Imports
100.19 ₹ Cr
0.0022% share
+115.05% YoY
2.55% of Sub-Ch. 2932
Balance
−124.48
Exports
7.06 ₹ Cr
0.0002% share
+68.90% YoY
0.26% of Sub-Ch. 2932
Imports
131.54 ₹ Cr
0.0023% share
+31.29% YoY
2.88% of Sub-Ch. 2932
Balance
−125.98
Exports
2.71 ₹ Cr
0.0001% share
−61.61% YoY
0.10% of Sub-Ch. 2932
Imports
128.69 ₹ Cr
0.0023% share
−2.17% YoY
3.33% of Sub-Ch. 2932
Balance
−158.51
Exports
3.28 ₹ Cr
0.0001% share
+21.03% YoY
0.09% of Sub-Ch. 2932
Imports
161.79 ₹ Cr
0.0027% share
+25.72% YoY
3.88% of Sub-Ch. 2932
CAGR · 7-Year
Exports
13.93% /yr
Imports
28.14% /yr
reference, FY 2024-25
Export
₹3,532.09 Cr
Import
₹4,171.15 Cr
Trade Balance
−639.06
Key Trade Insights: HSN Code 29321400 Export-Import Analysis
Consistent Export Growth: 13.93% CAGR Over 7 Years
India's exports under HSN Code 29321400 have grown at a compound annual rate of 13.93% over 7 fiscal years, rising from ₹1.50 Crore in FY 2018-19 to ₹3.28 Crore in FY 2024-25.
HSN Code 29321400 Ranked #7100 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 29321400 ranks #7100 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #8 of 19. By trade surplus, it ranks #11149 of 12657.
FY 2019-20 Was the Strongest Growth Year for HSN Code 29321400 Exports
The strongest single-year export movement for HSN Code 29321400 was recorded in FY 2019-20, when exports surged by 260.00% over the prior year.
India Records a Trade Deficit of ₹158.51 Crore in HSN Code 29321400 Goods
In FY 2024-25, India's imports of ₹161.79 Cr exceeded exports of ₹3.28 Cr, resulting in a trade deficit of ₹158.51 Crore — ranking #11149 of 12657 by surplus magnitude.
Import Growth of 28.14% CAGR Signals Rising Demand for Furan compounds: Sucralose
India's imports under HSN Code 29321400 have grown at 28.14% CAGR, reaching ₹161.79 Crore in FY 2024-25.
HSN Code 29321400 Contributes 0.09% of Sub-Chapter 2932 Exports — Ranked #8
Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29321400 ranks #8 by export value — accounting for 0.09% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.88% share (rank #5).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 29321400 and GST compliance.
What products are classified under HSN 29321400 ?
It includes Furan compounds: Sucralose
Do e‑way bill and e‑invoice apply for Furan compounds: Sucralose?
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 should mixed supplies be billed when Furan compounds: Sucralose is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Furan compounds: Sucralose; Nil for exempt items if applicable).
How much GST applies to Furan compounds: Sucralose?
Under HSN 29321400, Furan compounds: Sucralose attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Can we claim ITC on inputs used to trade Furan compounds: Sucralose?
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: Sucralose?
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: Sucralose?
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.