HSN Code 29322010: Lactones: Coumarin
HSN Code 29322010 represents Lactones: Coumarin under GST classification. This code helps businesses identify Lactones: Coumarin correctly for billing, taxation, and trade. With HSN Code 29322010, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Lactones: Coumarin.
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Description of Goods for HSN Code 29322010
HSN Code 29322010 relates to the following description.
What does HSN Code 29322010 not include?
Lactones: Coumarin 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 : Sucralose
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 :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 : Sucralose
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 :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 29322010 in FY 2024-25
India’s Exports
FY 2024-25₹84 Cr
0.0023% of India’s total exports
India’s Imports
FY 2024-25₹7 Cr
0.0001% of India’s total imports
Trade Balance
FY 2024-25₹77 Cr
Surplus rank #1801 of 12657 HSN codes
% of Sub-Chapter 2932
FY 2024-252.38%
Share of Sub-Chapter 2932’s total exports in FY 2024-25
Import side: 0.18% of Sub-Chapter 2932’s imports
Rank Within Sub-Chapter 2932
FY 2024-25#4 of 19
Position by export value among HSN codes in Sub-Chapter 2932
Import-side rank: #9 of 19
At a glance
11.82%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2904
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+124.75%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.38%
Contribution to Sub-Ch. 2932
Share of Sub-Chapter 2932 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+39.03
Exports
43.07 ₹ Cr
0.0019% share
— YoY
2.70% of Sub-Ch. 2932
Imports
4.04 ₹ Cr
0.0001% share
— YoY
0.16% of Sub-Ch. 2932
Balance
+41.03
Exports
42.18 ₹ Cr
0.0019% share
−2.07% YoY
2.61% of Sub-Ch. 2932
Imports
1.15 ₹ Cr
0.0000% share
−71.53% YoY
0.05% of Sub-Ch. 2932
Balance
+22.08
Exports
34.46 ₹ Cr
0.0016% share
−18.30% YoY
1.67% of Sub-Ch. 2932
Imports
12.38 ₹ Cr
0.0004% share
+976.52% YoY
0.38% of Sub-Ch. 2932
Balance
+66.26
Exports
77.45 ₹ Cr
0.0025% share
+124.75% YoY
3.43% of Sub-Ch. 2932
Imports
11.19 ₹ Cr
0.0002% share
−9.61% YoY
0.28% of Sub-Ch. 2932
Balance
+71.13
Exports
76.15 ₹ Cr
0.0021% share
−1.68% YoY
2.84% of Sub-Ch. 2932
Imports
5.02 ₹ Cr
0.0001% share
−55.14% YoY
0.11% of Sub-Ch. 2932
Balance
+77.45
Exports
80.66 ₹ Cr
0.0022% share
+5.92% YoY
2.84% of Sub-Ch. 2932
Imports
3.21 ₹ Cr
0.0001% share
−36.06% YoY
0.08% of Sub-Ch. 2932
Balance
+76.78
Exports
84.19 ₹ Cr
0.0023% share
+4.38% YoY
2.38% of Sub-Ch. 2932
Imports
7.41 ₹ Cr
0.0001% share
+130.84% YoY
0.18% of Sub-Ch. 2932
CAGR · 7-Year
Exports
11.82% /yr
Imports
10.64% /yr
reference, FY 2024-25
Export
₹3,532.09 Cr
Import
₹4,171.15 Cr
Trade Balance
−639.06
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 29322010 and GST compliance.
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.