---
title: "HSN Code for Lactones |Phenolphthalein | HSN 29322020 GST Rate"
description: "Find HSN and GST Rates for 29322020 related to Lactones |Phenolphthalein with BUSY Accounting - The reliable source for HSN and GST details in India."
canonical: "https://busy.in/hsn/hsn-29322020/"
---

# HSN Code 29322020: Lactones |Phenolphthalein

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

## Frequently asked questions

### What products are classified under HSN 29322020 ?

It includes Lactones |Phenolphthalein

### How should mixed supplies be billed when Lactones /Phenolphthalein is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lactones /Phenolphthalein; Nil for exempt items if applicable).

### Does packaging or labelling change the GST for Lactones /Phenolphthalein?

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 /Phenolphthalein?

Under HSN 29322020, Lactones /Phenolphthalein attracts Varies when sold in taxable form. Describe the exact form on the invoice.

### Any common misclassification issue with Lactones /Phenolphthalein?

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 Lactones /Phenolphthalein?

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 29322020 (FY 2024-25)

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

- Exports: ₹1 Cr (−48.58% YoY) — 0.0000% of India's total exports
- Imports: < ₹1 Crore (−57.14% YoY) — 0.0000% of India's total imports
- Trade balance: ₹1 Cr (Surplus); surplus rank #4498 of 12657 HSN codes
- Share of Sub-Chapter 2932: 0.03% of its exports; import side 0.00%
- Rank within Sub-Chapter 2932: #11 of 19 by export value; import-side #12

### Key metrics

- Export CAGR: -2.26% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #8178 of 12657 HSN codes by export value (FY 2024-25)
- Peak growth year: +123.48% in FY 2022-23
- Contribution to Sub-Ch. 2932: 0.03% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Code 29322020

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 | 1.25 | 0.0001% | — | 0.08% | < ₹1 Crore | 0.0000% | — | 0.04% | +0.33 | #7415 |
| FY 2019-20 | 1.33 | 0.0001% | +6.40% | 0.08% | < ₹1 Crore | 0.0000% | −44.57% | 0.02% | +0.82 | #7329 |
| FY 2020-21 | 2.06 | 0.0001% | +54.89% | 0.10% | < ₹1 Crore | 0.0000% | −68.63% | 0.00% | +1.90 | #6952 |
| FY 2021-22 | 1.15 | 0.0000% | −44.17% | 0.05% | < ₹1 Crore | 0.0000% | +262.50% | 0.01% | +0.57 | #7853 |
| FY 2022-23 | 2.57 | 0.0001% | +123.48% | 0.10% | < ₹1 Crore | 0.0000% | −58.62% | 0.01% | +2.33 | #7153 |
| FY 2023-24 | 2.12 | 0.0001% | −17.51% | 0.07% | < ₹1 Crore | 0.0000% | −70.83% | 0.00% | +2.05 | #7521 |
| FY 2024-25 | 1.09 | 0.0000% | −48.58% | 0.03% | < ₹1 Crore | 0.0000% | −57.14% | 0.00% | +1.06 | #8178 |

- CAGR (7-year): exports -2.26%/yr, imports -43.48%/yr (consistently Surplus)

## Key trade insights: HSN Code 29322020 export-import analysis

### Export decline: -2.26% CAGR over 7 years

India's exports under HSN Code 29322020 have declined at a compound annual rate of -2.26% over 7 fiscal years, falling from ₹1.25 Crore in FY 2018-19 to ₹1.09 Crore in FY 2024-25.

### HSN Code 29322020 ranked #8178 among all 12657 HSN codes by export value

In FY 2024-25, HSN Code 29322020 ranks #8178 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #11 of 19. By trade surplus, it ranks #4498 of 12657.

### FY 2022-23 was the strongest growth year for HSN Code 29322020 exports

The strongest single-year export movement for HSN Code 29322020 was recorded in FY 2022-23, when exports surged by 123.48% over the prior year.

### India maintains a trade surplus of ₹1.06 Crore in HSN Code 29322020 goods

In FY 2024-25, India's exports of ₹1.09 Cr exceeded imports of ₹0.03 Cr, resulting in a trade surplus of ₹1.06 Crore — ranking #4498 of 12657 by surplus magnitude.

### Import growth of -43.48% CAGR signals stable import dependency for Lactones |Phenolphthalein

India's imports under HSN Code 29322020 have grown at -43.48% CAGR, reaching ₹0.03 Crore in FY 2024-25.

### HSN Code 29322020 contributes 0.03% of Sub-Chapter 2932 exports — ranked #11

Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29322020 ranks #11 by export value — accounting for 0.03% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #12).

## 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](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 |
| #11 | HSN Code 29322020: Lactones \|Phenolphthalein (this hsn code) | ₹1 Cr |