---
title: "HSN Code for Furan compounds: Other | HSN 29321990 GST Rate"
description: "Find HSN and GST Rates for 29321990 related to Furan compounds: Other with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-29321990/"
---

# HSN Code 29321990: Furan compounds: Other

- [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 :Other | 9% | 9% | 18% | 0% |

## Frequently asked questions

### What products are classified under HSN 29321990 ?

It includes Furan compounds: Other

### Can we claim ITC on inputs used to trade Furan compounds: Other?

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

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

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

### How much GST applies to Furan compounds: Other?

Under HSN 29321990, Furan compounds: Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Furan compounds: Other?

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: Other?

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 29321990 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹277 Cr (−4.00% YoY) — 0.0075% of India's total exports
- Imports: ₹483 Cr (−21.86% YoY) — 0.0080% of India's total imports
- Trade balance: −₹206 Cr (Deficit); surplus rank #11334 of 12657 HSN codes
- Share of Sub-Chapter 2932: 7.85% of its exports; import side 11.59%
- Rank within Sub-Chapter 2932: #3 of 19 by export value; import-side #3

### Key metrics

- Export CAGR: 13.91% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #1519 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +79.97% in FY 2022-23
- Contribution to Sub-Ch. 2932: 7.85% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 29321990

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 | 126.88 | 0.0056% | — | 7.94% | 375.89 | 0.0105% | — | 14.75% | −249.01 | #1756 |
| FY 2019-20 | 137.66 | 0.0063% | +8.50% | 8.51% | 393.45 | 0.0118% | +4.67% | 15.73% | −255.79 | #1663 |
| FY 2020-21 | 201.81 | 0.0094% | +46.60% | 9.76% | 433.01 | 0.0149% | +10.05% | 13.34% | −231.20 | #1349 |
| FY 2021-22 | 187.62 | 0.0060% | −7.03% | 8.30% | 437.37 | 0.0096% | +1.01% | 11.13% | −249.75 | #1715 |
| FY 2022-23 | 337.66 | 0.0093% | +79.97% | 12.58% | 516.60 | 0.0090% | +18.12% | 11.32% | −178.94 | #1229 |
| FY 2023-24 | 288.79 | 0.0080% | −14.47% | 10.16% | 618.45 | 0.0110% | +19.72% | 15.99% | −329.66 | #1418 |
| FY 2024-25 | 277.23 | 0.0075% | −4.00% | 7.85% | 483.26 | 0.0080% | −21.86% | 11.59% | −206.03 | #1519 |

- CAGR (7-year): exports 13.91%/yr, imports 4.28%/yr (consistently Deficit)

## Key trade insights: HSN Code 29321990 export-import analysis

### Consistent export growth: 13.91% CAGR over 7 years

India's exports under HSN Code 29321990 have grown at a compound annual rate of 13.91% over 7 fiscal years, rising from ₹126.88 Crore in FY 2018-19 to ₹277.23 Crore in FY 2024-25.

### HSN Code 29321990 ranked #1519 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 29321990 ranks #1519 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #3 of 19. By trade surplus, it ranks #11334 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 29321990 exports

The strongest single-year export movement for HSN Code 29321990 was recorded in FY 2022-23, when exports surged by 79.97% over the prior year.

### India records a trade deficit of ₹206.03 Crore in HSN Code 29321990 goods

In FY 2024-25, India's imports of ₹483.26 Cr exceeded exports of ₹277.23 Cr, resulting in a trade deficit of ₹206.03 Crore — ranking #11334 of 12657 by surplus magnitude.

### Import growth of 4.28% CAGR signals stable import dependency for Furan compounds: Other

India's imports under HSN Code 29321990 have grown at 4.28% CAGR, reaching ₹483.26 Crore in FY 2024-25.

### HSN Code 29321990 contributes 7.85% of Sub-Chapter 2932 exports — ranked #3

Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29321990 ranks #3 by export value — accounting for 7.85% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.59% share (rank #3).

## 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 (this hsn code) | ₹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](https://busy.in/hsn/hsn-29321910/) | ₹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 |