--- title: "HSN Code for Lactones: Coumarin | HSN 29322010 GST Rate" description: "Find HSN and GST Rates for 29322010 related to Lactones: Coumarin with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29322010/" --- # HSN Code 29322010: Lactones: Coumarin - [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 | | --- | --- | --- | --- | --- | | Lactones :Coumarin, methylcoumarins and ethylcoumarins | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29322010 ? It includes Lactones: Coumarin ### Any common misclassification issue with Lactones: Coumarin? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Lactones: Coumarin is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lactones: Coumarin; Nil for exempt items if applicable). ### Can we claim ITC on inputs used to trade Lactones: Coumarin? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Lactones: Coumarin? 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. ### How much GST applies to Lactones: Coumarin? Under HSN 29322010, Lactones: Coumarin attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Do e‑way bill and e‑invoice apply for Lactones: Coumarin? 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 29322010 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹84 Cr (+4.38% YoY) — 0.0023% of India's total exports - Imports: ₹7 Cr (+130.84% YoY) — 0.0001% of India's total imports - Trade balance: ₹77 Cr (Surplus); surplus rank #1801 of 12657 HSN codes - Share of Sub-Chapter 2932: 2.38% of its exports; import side 0.18% - Rank within Sub-Chapter 2932: #4 of 19 by export value; import-side #9 ### Key metrics - Export CAGR: 11.82% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2904 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +124.75% in FY 2021-22 - Contribution to Sub-Ch. 2932: 2.38% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29322010 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 | 43.07 | 0.0019% | — | 2.70% | 4.04 | 0.0001% | — | 0.16% | +39.03 | #3091 | | FY 2019-20 | 42.18 | 0.0019% | −2.07% | 2.61% | 1.15 | 0.0000% | −71.53% | 0.05% | +41.03 | #3134 | | FY 2020-21 | 34.46 | 0.0016% | −18.30% | 1.67% | 12.38 | 0.0004% | +976.52% | 0.38% | +22.08 | #3460 | | FY 2021-22 | 77.45 | 0.0025% | +124.75% | 3.43% | 11.19 | 0.0002% | −9.61% | 0.28% | +66.26 | #2745 | | FY 2022-23 | 76.15 | 0.0021% | −1.68% | 2.84% | 5.02 | 0.0001% | −55.14% | 0.11% | +71.13 | #2916 | | FY 2023-24 | 80.66 | 0.0022% | +5.92% | 2.84% | 3.21 | 0.0001% | −36.06% | 0.08% | +77.45 | #2854 | | FY 2024-25 | 84.19 | 0.0023% | +4.38% | 2.38% | 7.41 | 0.0001% | +130.84% | 0.18% | +76.78 | #2904 | - CAGR (7-year): exports 11.82%/yr, imports 10.64%/yr (consistently Surplus) ## Key trade insights: HSN Code 29322010 export-import analysis ### Consistent export growth: 11.82% CAGR over 7 years India's exports under HSN Code 29322010 have grown at a compound annual rate of 11.82% over 7 fiscal years, rising from ₹43.07 Crore in FY 2018-19 to ₹84.19 Crore in FY 2024-25. ### HSN Code 29322010 ranked #2904 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29322010 ranks #2904 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #4 of 19. By trade surplus, it ranks #1801 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29322010 exports The strongest single-year export movement for HSN Code 29322010 was recorded in FY 2021-22, when exports surged by 124.75% over the prior year. ### India maintains a trade surplus of ₹76.78 Crore in HSN Code 29322010 goods In FY 2024-25, India's exports of ₹84.19 Cr exceeded imports of ₹7.41 Cr, resulting in a trade surplus of ₹76.78 Crore — ranking #1801 of 12657 by surplus magnitude. ### Import growth of 10.64% CAGR signals rising demand for Lactones: Coumarin India's imports under HSN Code 29322010 have grown at 10.64% CAGR, reaching ₹7.41 Crore in FY 2024-25. ### HSN Code 29322010 contributes 2.38% of Sub-Chapter 2932 exports — ranked #4 Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29322010 ranks #4 by export value — accounting for 2.38% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.18% share (rank #9). ## 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 (this hsn code) | ₹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 |