--- title: "HSN Code for Furan compounds: Hydroxy dibenzfuran carboxylic acid | HSN 29321910 GST Rate" description: "Find HSN and GST Rates for 29321910 related to Furan compounds: Hydroxy dibenzfuran carboxylic acid with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29321910/" --- # HSN Code 29321910: Furan compounds: Hydroxy dibenzfuran carboxylic acid - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/) - [Sub-chapter 2932: Oxygen heterocyclic compounds](https://busy.in/hsn/sub-chapter-2932/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Hydroxy dibenzfuran carboxylic acid | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29321910 ? It includes Furan compounds: Hydroxy dibenzfuran carboxylic acid ### Can we claim ITC on inputs used to trade Furan compounds: Hydroxy dibenzfuran carboxylic acid? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How much GST applies to Furan compounds: Hydroxy dibenzfuran carboxylic acid? Under HSN 29321910, Furan compounds: Hydroxy dibenzfuran carboxylic acid attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### How should mixed supplies be billed when Furan compounds: Hydroxy dibenzfuran carboxylic acid is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Furan compounds: Hydroxy dibenzfuran carboxylic acid; Nil for exempt items if applicable). ### Does packaging or labelling change the GST for Furan compounds: Hydroxy dibenzfuran carboxylic acid? 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: Hydroxy dibenzfuran carboxylic acid? 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 Furan compounds: Hydroxy dibenzfuran carboxylic acid? 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. ## India's trade performance: HSN Code 29321910 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹6 Cr (−58.98% YoY) — 0.0002% of India's total exports - Imports: ₹4 Cr (−49.03% YoY) — 0.0001% of India's total imports - Trade balance: ₹2 Cr (Surplus); surplus rank #4223 of 12657 HSN codes - Share of Sub-Chapter 2932: 0.17% of its exports; import side 0.09% - Rank within Sub-Chapter 2932: #7 of 19 by export value; import-side #11 ### Key metrics - Export CAGR: 3.05% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #6411 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +545.06% in FY 2022-23 - Contribution to Sub-Ch. 2932: 0.17% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29321910 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2932 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2932 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 4.96 | 0.0002% | — | 0.31% | 3.38 | 0.0001% | — | 0.13% | +1.58 | #5869 | | FY 2019-20 | 2.86 | 0.0001% | −42.34% | 0.18% | 6.43 | 0.0002% | +90.24% | 0.26% | −3.57 | #6531 | | FY 2020-21 | 1.16 | 0.0001% | −59.44% | 0.06% | 2.87 | 0.0001% | −55.37% | 0.09% | −1.71 | #7531 | | FY 2021-22 | 6.68 | 0.0002% | +475.86% | 0.30% | 10.30 | 0.0002% | +258.89% | 0.26% | −3.62 | #6001 | | FY 2022-23 | 43.09 | 0.0012% | +545.06% | 1.61% | 11.65 | 0.0002% | +13.11% | 0.26% | +31.44 | #3680 | | FY 2023-24 | 14.48 | 0.0004% | −66.40% | 0.51% | 7.73 | 0.0001% | −33.65% | 0.20% | +6.75 | #5214 | | FY 2024-25 | 5.94 | 0.0002% | −58.98% | 0.17% | 3.94 | 0.0001% | −49.03% | 0.09% | +2.00 | #6411 | - CAGR (7-year): exports 3.05%/yr, imports 2.59%/yr (consistently Surplus) ## Key trade insights: HSN Code 29321910 export-import analysis ### Consistent export growth: 3.05% CAGR over 7 years India's exports under HSN Code 29321910 have grown at a compound annual rate of 3.05% over 7 fiscal years, rising from ₹4.96 Crore in FY 2018-19 to ₹5.94 Crore in FY 2024-25. ### HSN Code 29321910 ranked #6411 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29321910 ranks #6411 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #7 of 19. By trade surplus, it ranks #4223 of 12657. ### FY 2022-23 was the strongest growth year for HSN Code 29321910 exports The strongest single-year export movement for HSN Code 29321910 was recorded in FY 2022-23, when exports surged by 545.06% over the prior year. ### India maintains a trade surplus of ₹2.00 Crore in HSN Code 29321910 goods In FY 2024-25, India's exports of ₹5.94 Cr exceeded imports of ₹3.94 Cr, resulting in a trade surplus of ₹2.00 Crore — ranking #4223 of 12657 by surplus magnitude. ### Import growth of 2.59% CAGR signals stable import dependency for Furan compounds: Hydroxy dibenzfuran carboxylic acid India's imports under HSN Code 29321910 have grown at 2.59% CAGR, reaching ₹3.94 Crore in FY 2024-25. ### HSN Code 29321910 contributes 0.17% of Sub-Chapter 2932 exports — ranked #7 Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29321910 ranks #7 by export value — accounting for 0.17% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.09% share (rank #11). ## Related HSN Codes in Sub-Chapter 2932 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29329990: Other Heterocyclic Compounds with Oxygen Heteroatoms](https://busy.in/hsn/hsn-29329990/) | ₹1,858 Cr | | #2 | [HSN Code 29322090: Lactones \|Other](https://busy.in/hsn/hsn-29322090/) | ₹1,264 Cr | | #3 | [HSN Code 29321990: Furan compounds: Other](https://busy.in/hsn/hsn-29321990/) | ₹277 Cr | | #4 | [HSN Code 29322010: Lactones: Coumarin](https://busy.in/hsn/hsn-29322010/) | ₹84 Cr | | #5 | [HSN Code 29329910: Other \| Cineole](https://busy.in/hsn/hsn-29329910/) | ₹23 Cr | | #6 | [HSN Code 29321100: Furan compounds: Tetrahydrofuran](https://busy.in/hsn/hsn-29321100/) | ₹11 Cr | | #7 | HSN Code 29321910: Furan compounds: Hydroxy dibenzfuran carboxylic acid (this hsn code) | ₹6 Cr | | #8 | [HSN Code 29321400: Furan compounds: Sucralose](https://busy.in/hsn/hsn-29321400/) | ₹3 Cr | | #9 | [HSN Code 29329600: Other \|Carbofuran (Iso)](https://busy.in/hsn/hsn-29329600/) | ₹3 Cr | | #10 | [HSN Code 29329300: Other \|Piperonal](https://busy.in/hsn/hsn-29329300/) | ₹2 Cr |