HSN Code 29342000 represents Benzothiazole Ring Compounds under GST classification. This code helps businesses identify Benzothiazole Ring Compounds correctly for billing, taxation, and trade. With HSN Code 29342000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Benzothiazole Ring Compounds.
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HSN Code 29342000 relates to the following description.
Description of Goods
Compounds containing in the structure a benzothiazole ring-system (whether or not hydrogenated) not further fused
Chapter
29 - Organic chemicals
Sub Chapter
2934 - Nucleic acids and their salts; whether or not chemically defined; other heterocyclic compounds
CGST
9%
SGST
9%
IGST
18%
CESS
0%
Benzothiazole Ring Compounds does not include products with the following descriptions.
Compounds containing an unfused thiazole ring (whether or not hydrogenated) in the structure
Compounds containing in the structure a phenothiazine ring-system (whether or not hydrogenated) not further fused
Other :Aminorex (INN), brotizolam (INN), clotiazepam (INN), claxazolam (INN), dextromoramide (INN), haloxazolam (INN), ketazolam (INN), mesocarb (INN), oxazolam (INN), pemoline (INN), phendimetrazine (INN), phenmetrazine (INN) and sufentanil (INN); salts thereof
Other: Other fentanyls and their derivatives
Nucleic acids and their salts; whether or not chemically defined; other heterocyclic compounds - other : other
Other :Other: Chloro thiophene-2-carboxylic acid
Other :Other : Morpholine
Buprofezin (iso)
Other :Other : Other
Compounds containing an unfused thiazole ring (whether or not hydrogenated) in the structure
Compounds containing in the structure a phenothiazine ring-system (whether or not hydrogenated) not further fused
Other :Aminorex (INN), brotizolam (INN), clotiazepam (INN), claxazolam (INN), dextromoramide (INN), haloxazolam (INN), ketazolam (INN), mesocarb (INN), oxazolam (INN), pemoline (INN), phendimetrazine (INN), phenmetrazine (INN) and sufentanil (INN); salts thereof
Other: Other fentanyls and their derivatives
Nucleic acids and their salts; whether or not chemically defined; other heterocyclic compounds - other : other
Other :Other: Chloro thiophene-2-carboxylic acid
Other :Other : Morpholine
Buprofezin (iso)
Other :Other : Other
India’s Exports
FY 2024-25₹147 Cr
0.0040% of India’s total exports
India’s Imports
FY 2024-25₹246 Cr
0.0041% of India’s total imports
Trade Balance
FY 2024-25−₹99 Cr
Surplus rank #10788 of 12657 HSN codes
% of Sub-Chapter 2934
FY 2024-252.32%
Share of Sub-Chapter 2934’s total exports in FY 2024-25
Import side: 3.98% of Sub-Chapter 2934’s imports
Rank Within Sub-Chapter 2934
FY 2024-25#3 of 10
Position by export value among HSN codes in Sub-Chapter 2934
Import-side rank: #3 of 10
At a glance
18.83%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2174
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+126.03%
Peak Growth Year
FY 2020-21 · strongest single-year move
2.32%
Contribution to Sub-Ch. 2934
Share of Sub-Chapter 2934 exports in FY 2024-25
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−129.28
Exports
52.26 ₹ Cr
0.0023% share
— YoY
1.33% of Sub-Ch. 2934
Imports
181.54 ₹ Cr
0.0051% share
— YoY
5.28% of Sub-Ch. 2934
Balance
−93.34
Exports
81.63 ₹ Cr
0.0037% share
+56.20% YoY
2.14% of Sub-Ch. 2934
Imports
174.97 ₹ Cr
0.0052% share
−3.62% YoY
4.88% of Sub-Ch. 2934
Balance
+12.88
Exports
184.51 ₹ Cr
0.0086% share
+126.03% YoY
3.34% of Sub-Ch. 2934
Imports
171.63 ₹ Cr
0.0059% share
−1.91% YoY
3.23% of Sub-Ch. 2934
Balance
+125.13
Exports
342.25 ₹ Cr
0.0109% share
+85.49% YoY
6.46% of Sub-Ch. 2934
Imports
217.12 ₹ Cr
0.0048% share
+26.50% YoY
2.61% of Sub-Ch. 2934
Balance
+110.11
Exports
356.80 ₹ Cr
0.0099% share
+4.25% YoY
7.19% of Sub-Ch. 2934
Imports
246.69 ₹ Cr
0.0043% share
+13.62% YoY
3.29% of Sub-Ch. 2934
Balance
−32.39
Exports
182.66 ₹ Cr
0.0050% share
−48.81% YoY
3.47% of Sub-Ch. 2934
Imports
215.05 ₹ Cr
0.0038% share
−12.83% YoY
3.43% of Sub-Ch. 2934
Balance
−99.03
Exports
147.15 ₹ Cr
0.0040% share
−19.44% YoY
2.32% of Sub-Ch. 2934
Imports
246.18 ₹ Cr
0.0041% share
+14.48% YoY
3.98% of Sub-Ch. 2934
CAGR · 7-Year
Exports
18.83% /yr
Imports
5.21% /yr
reference, FY 2024-25
Export
₹6,343.00 Cr
Import
₹6,188.24 Cr
Trade Balance
+154.76
India's exports under HSN Code 29342000 have grown at a compound annual rate of 18.83% over 7 fiscal years, rising from ₹52.26 Crore in FY 2018-19 to ₹147.15 Crore in FY 2024-25.
In FY 2024-25, HSN Code 29342000 ranks #2174 out of 12657 HSN codes by total export value. Within Sub-Chapter 2934, it ranks #3 of 10. By trade surplus, it ranks #10788 of 12657.
The strongest single-year export movement for HSN Code 29342000 was recorded in FY 2020-21, when exports surged by 126.03% over the prior year.
In FY 2024-25, India's imports of ₹246.18 Cr exceeded exports of ₹147.15 Cr, resulting in a trade deficit of ₹99.03 Crore — ranking #10788 of 12657 by surplus magnitude.
India's imports under HSN Code 29342000 have grown at 5.21% CAGR, reaching ₹246.18 Crore in FY 2024-25.
Among the 10 HSN codes under Sub-Chapter 2934, HSN Code 29342000 ranks #3 by export value — accounting for 2.32% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.98% share (rank #3).
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Clear answers to common queries about HSN Code 29342000 and GST compliance.
It includes Benzothiazole Ring Compounds
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.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Benzothiazole Ring Compounds; Nil for exempt items if applicable).
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.
Under HSN 29342000, Benzothiazole Ring Compounds attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.