HSN Code 29322020: Lactones |Phenolphthalein
HSN Code 29322020 represents Lactones |Phenolphthalein under GST classification. This code helps businesses identify Lactones |Phenolphthalein correctly for billing, taxation, and trade. With HSN Code 29322020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Lactones |Phenolphthalein.
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Description of Goods for HSN Code 29322020
HSN Code 29322020 relates to the following description.
What does HSN Code 29322020 not include?
Lactones |Phenolphthalein 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 :Coumarin, methylcoumarins and ethylcoumarins
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 :Coumarin, methylcoumarins and ethylcoumarins
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 29322020 in FY 2024-25
India’s Exports
FY 2024-25₹1 Cr
0.0000% of India’s total exports
India’s Imports
FY 2024-25< ₹1 Crore
0.0000% of India’s total imports
Trade Balance
FY 2024-25₹1 Cr
Surplus rank #4498 of 12657 HSN codes
% of Sub-Chapter 2932
FY 2024-250.03%
Share of Sub-Chapter 2932’s total exports in FY 2024-25
Import side: 0.00% of Sub-Chapter 2932’s imports
Rank Within Sub-Chapter 2932
FY 2024-25#11 of 19
Position by export value among HSN codes in Sub-Chapter 2932
Import-side rank: #12 of 19
At a glance
−2.26%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#8178
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+123.48%
Peak Growth Year
FY 2022-23 · strongest single-year move
0.03%
Contribution to Sub-Ch. 2932
Share of Sub-Chapter 2932 exports in FY 2024-25
India Export-Import Trade Statistics for 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.
Balance
+0.33
Exports
1.25 ₹ Cr
0.0001% share
— YoY
0.08% of Sub-Ch. 2932
Imports
< ₹1 Crore ₹ Cr
0.0000% share
— YoY
0.04% of Sub-Ch. 2932
Balance
+0.82
Exports
1.33 ₹ Cr
0.0001% share
+6.40% YoY
0.08% of Sub-Ch. 2932
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−44.57% YoY
0.02% of Sub-Ch. 2932
Balance
+1.90
Exports
2.06 ₹ Cr
0.0001% share
+54.89% YoY
0.10% of Sub-Ch. 2932
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−68.63% YoY
0.00% of Sub-Ch. 2932
Balance
+0.57
Exports
1.15 ₹ Cr
0.0000% share
−44.17% YoY
0.05% of Sub-Ch. 2932
Imports
< ₹1 Crore ₹ Cr
0.0000% share
+262.50% YoY
0.01% of Sub-Ch. 2932
Balance
+2.33
Exports
2.57 ₹ Cr
0.0001% share
+123.48% YoY
0.10% of Sub-Ch. 2932
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−58.62% YoY
0.01% of Sub-Ch. 2932
Balance
+2.05
Exports
2.12 ₹ Cr
0.0001% share
−17.51% YoY
0.07% of Sub-Ch. 2932
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−70.83% YoY
0.00% of Sub-Ch. 2932
Balance
+1.06
Exports
1.09 ₹ Cr
0.0000% share
−48.58% YoY
0.03% of Sub-Ch. 2932
Imports
< ₹1 Crore ₹ Cr
0.0000% share
−57.14% YoY
0.00% of Sub-Ch. 2932
CAGR · 7-Year
Exports
−2.26% /yr
Imports
−43.48% /yr
reference, FY 2024-25
Export
₹3,532.09 Cr
Import
₹4,171.15 Cr
Trade Balance
−639.06
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).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 29322020 and GST compliance.
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.