--- title: "HSN Code for Lactones |Other | HSN 29322090 GST Rate" description: "Find HSN and GST Rates for 29322090 related to Lactones |Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29322090/" --- # HSN Code 29322090: Lactones |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 | | --- | --- | --- | --- | --- | | Lactones :Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29322090 ? It includes Lactones |Other ### Do e‑way bill and e‑invoice apply for Lactones /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. ### Does packaging or labelling change the GST for Lactones /Other? 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. ### Any common misclassification issue with Lactones /Other? 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 /Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Lactones /Other; Nil for exempt items if applicable). ### How much GST applies to Lactones /Other? Under HSN 29322090, Lactones /Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 29322090 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹1,264 Cr (+52.26% YoY) — 0.0343% of India's total exports - Imports: ₹715 Cr (+1.88% YoY) — 0.0118% of India's total imports - Trade balance: ₹549 Cr (Surplus); surplus rank #582 of 12657 HSN codes - Share of Sub-Chapter 2932: 35.78% of its exports; import side 17.14% - Rank within Sub-Chapter 2932: #2 of 19 by export value; import-side #2 ### Key metrics - Export CAGR: 15.75% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #431 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +52.26% in FY 2024-25 - Contribution to Sub-Ch. 2932: 35.78% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29322090 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 | 525.60 | 0.0230% | — | 32.91% | 418.34 | 0.0117% | — | 16.42% | +107.26 | #626 | | FY 2019-20 | 512.86 | 0.0233% | −2.42% | 31.71% | 467.91 | 0.0140% | +11.85% | 18.71% | +44.95 | #631 | | FY 2020-21 | 557.25 | 0.0259% | +8.66% | 26.96% | 618.61 | 0.0212% | +32.21% | 19.05% | −61.36 | #623 | | FY 2021-22 | 820.15 | 0.0261% | +47.18% | 36.28% | 811.44 | 0.0178% | +31.17% | 20.65% | +8.71 | #546 | | FY 2022-23 | 900.11 | 0.0249% | +9.75% | 33.53% | 830.41 | 0.0144% | +2.34% | 18.19% | +69.70 | #553 | | FY 2023-24 | 830.03 | 0.0229% | −7.79% | 29.21% | 701.90 | 0.0125% | −15.48% | 18.14% | +128.13 | #598 | | FY 2024-25 | 1,263.77 | 0.0343% | +52.26% | 35.78% | 715.13 | 0.0118% | +1.88% | 17.14% | +548.64 | #431 | - CAGR (7-year): exports 15.75%/yr, imports 9.35%/yr (consistently Surplus) ## Key trade insights: HSN Code 29322090 export-import analysis ### Consistent export growth: 15.75% CAGR over 7 years India's exports under HSN Code 29322090 have grown at a compound annual rate of 15.75% over 7 fiscal years, rising from ₹525.60 Crore in FY 2018-19 to ₹1,263.77 Crore in FY 2024-25. ### HSN Code 29322090 ranked #431 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29322090 ranks #431 out of 12657 HSN codes by total export value. Within Sub-Chapter 2932, it ranks #2 of 19. By trade surplus, it ranks #582 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 29322090 exports The strongest single-year export movement for HSN Code 29322090 was recorded in FY 2024-25, when exports surged by 52.26% over the prior year. ### India maintains a trade surplus of ₹548.64 Crore in HSN Code 29322090 goods In FY 2024-25, India's exports of ₹1,263.77 Cr exceeded imports of ₹715.13 Cr, resulting in a trade surplus of ₹548.64 Crore — ranking #582 of 12657 by surplus magnitude. ### Import growth of 9.35% CAGR signals stable import dependency for Lactones |Other India's imports under HSN Code 29322090 have grown at 9.35% CAGR, reaching ₹715.13 Crore in FY 2024-25. ### HSN Code 29322090 contributes 35.78% of Sub-Chapter 2932 exports — ranked #2 Among the 19 HSN codes under Sub-Chapter 2932, HSN Code 29322090 ranks #2 by export value — accounting for 35.78% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 17.14% share (rank #2). ## 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 (this hsn code) | ₹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 |