HSN Code 29362700: Vitamin C (Ascorbic Acid) & Derivatives

HSN Code 29362700 represents Vitamin C (Ascorbic Acid) & Derivatives under GST classification. This code helps businesses identify Vitamin C (Ascorbic Acid) & Derivatives correctly for billing, taxation, and trade. With HSN Code 29362700, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Vitamin C (Ascorbic Acid) & Derivatives.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

Description of Goods for HSN Code 29362700

HSN Code 29362700 relates to the following description.

Description of Goods

Vitamins and their derivatives, unmixed :Vitamin C (Ascorbic acid) and its derivatives

Chapter

29 - Organic chemicals

Sub Chapter

2936 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29362700 not include?

Vitamin C (Ascorbic Acid) & Derivatives does not include products with the following descriptions.

HSN Code 29361000

Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent - provitamins, unmixed

HSN Code 29362210

Vitamin B1 and its derivatives :Vitamin B1 and its derivatives :Vitamin B1 [Thiamine (INN), aneurine] and its salts

HSN Code 29362310

Vitamins and their derivatives, unmixed : Vitamin B2 and its derivatives:Vitamin B2 [Riboflavin(INN), lactoflavin] and its salts

HSN Code 29362390

Vitamins and their derivatives, unmixed : Vitamin B2 and its derivatives:Other

HSN Code 29362400

Vitamins and their derivatives, unmixed :D- or DL-Pantothenic acid (Vitamin B3 or Vitamin B5 ) and its derivatives

HSN Code 29362610

Vitamins and their derivatives, unmixed :Vitamin B12 and its derivatives :Vitamin B12 (Cyanocobalamin (INN))

HSN Code 29362690

Vitamins and their derivatives, unmixed :Vitamin B12 and its derivatives :Other

HSN Code 29362910

Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Folic acid (Vitamin B9 )

HSN Code 29362920

Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Nicotinic acid and nicotinamide (niacinamide or niacine)

HSN Code 29362930

Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Vitamin K (menaphthonum BP)

HSN Code 29362940

Vitamins and their derivatives, unmixed : D- or DL-Pantothenic acid (Vitamin B5) and its derivatives

HSN Code 29362950

Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Vitamin H (Biotin)

HSN Code 29362990

Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Other

India’s Trade Performance — HSN Code 29362700 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹98 Cr

+31.67% vs FY 2023-24

0.0027% of India’s total exports

India’s Imports

FY 2024-25

₹216 Cr

+0.31% vs FY 2023-24

0.0036% of India’s total imports

Trade Balance

FY 2024-25

−₹118 Cr

Trade Deficit

Surplus rank #10925 of 12657 HSN codes

% of Sub-Chapter 2936

FY 2024-25

3.94%

Share of Sub-Chapter 2936’s total exports in FY 2024-25

Import side: 11.71% of Sub-Chapter 2936’s imports

Rank Within Sub-Chapter 2936

FY 2024-25

#8 of 19

Position by export value among HSN codes in Sub-Chapter 2936

Import-side rank: #3 of 19

At a glance

18.31%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#2686

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+71.39%

Peak Growth Year

FY 2020-21 · strongest single-year move

3.94%

Contribution to Sub-Ch. 2936

Share of Sub-Chapter 2936 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 29362700

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #3340

Balance

−50.05

Exports

35.89 ₹ Cr

0.0016% share

— YoY

2.46% of Sub-Ch. 2936

Imports

85.94 ₹ Cr

0.0024% share

— YoY

6.13% of Sub-Ch. 2936

FY 2019-20 Exp. Rank #3208

Balance

−16.20

Exports

40.02 ₹ Cr

0.0018% share

+11.51% YoY

2.38% of Sub-Ch. 2936

Imports

56.22 ₹ Cr

0.0017% share

−34.58% YoY

4.42% of Sub-Ch. 2936

FY 2020-21 Exp. Rank #2500

Balance

−246.23

Exports

68.59 ₹ Cr

0.0032% share

+71.39% YoY

3.57% of Sub-Ch. 2936

Imports

314.82 ₹ Cr

0.0108% share

+459.98% YoY

20.54% of Sub-Ch. 2936

FY 2021-22 Exp. Rank #2623

Balance

−137.45

Exports

85.73 ₹ Cr

0.0027% share

+24.99% YoY

3.80% of Sub-Ch. 2936

Imports

223.18 ₹ Cr

0.0049% share

−29.11% YoY

14.24% of Sub-Ch. 2936

FY 2022-23 Exp. Rank #2912

Balance

−246.81

Exports

76.21 ₹ Cr

0.0021% share

−11.10% YoY

3.82% of Sub-Ch. 2936

Imports

323.02 ₹ Cr

0.0056% share

+44.74% YoY

19.32% of Sub-Ch. 2936

FY 2023-24 Exp. Rank #2971

Balance

−141.05

Exports

74.74 ₹ Cr

0.0021% share

−1.93% YoY

3.88% of Sub-Ch. 2936

Imports

215.79 ₹ Cr

0.0038% share

−33.20% YoY

11.59% of Sub-Ch. 2936

FY 2024-25 Exp. Rank #2686

Balance

−118.04

Exports

98.41 ₹ Cr

0.0027% share

+31.67% YoY

3.94% of Sub-Ch. 2936

Imports

216.45 ₹ Cr

0.0036% share

+0.31% YoY

11.71% of Sub-Ch. 2936

CAGR · 7-Year

Exports

18.31% /yr

Imports

16.64% /yr

Consistently Deficit
Sub-Chapter 2936 total

reference, FY 2024-25

Export

₹2,496.25 Cr

Import

₹1,848.24 Cr

Trade Balance

+648.01

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Code 29362700 Export-Import Analysis

Consistent Export Growth: 18.31% CAGR Over 7 Years

India's exports under HSN Code 29362700 have grown at a compound annual rate of 18.31% over 7 fiscal years, rising from ₹35.89 Crore in FY 2018-19 to ₹98.41 Crore in FY 2024-25.

HSN Code 29362700 Ranked #2686 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29362700 ranks #2686 out of 12657 HSN codes by total export value. Within Sub-Chapter 2936, it ranks #8 of 19. By trade surplus, it ranks #10925 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29362700 Exports

The strongest single-year export movement for HSN Code 29362700 was recorded in FY 2020-21, when exports surged by 71.39% over the prior year.

India Records a Trade Deficit of ₹118.04 Crore in HSN Code 29362700 Goods

In FY 2024-25, India's imports of ₹216.45 Cr exceeded exports of ₹98.41 Cr, resulting in a trade deficit of ₹118.04 Crore — ranking #10925 of 12657 by surplus magnitude.

Import Growth of 16.64% CAGR Signals Rising Demand for Vitamin C (Ascorbic Acid) & Derivatives

India's imports under HSN Code 29362700 have grown at 16.64% CAGR, reaching ₹216.45 Crore in FY 2024-25.

HSN Code 29362700 Contributes 3.94% of Sub-Chapter 2936 Exports — Ranked #8

Among the 19 HSN codes under Sub-Chapter 2936, HSN Code 29362700 ranks #8 by export value — accounting for 3.94% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 11.71% share (rank #3).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Code 29362700 and GST compliance.

What products are classified under HSN 29362700 ?

It includes Vitamin C (Ascorbic Acid) & Derivatives

How should mixed supplies be billed when Vitamin C (Ascorbic Acid) & Derivatives is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Vitamin C (Ascorbic Acid) & Derivatives; Nil for exempt items if applicable).

Does packaging or labelling change the GST for Vitamin C (Ascorbic Acid) & Derivatives?

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.

Do e‑way bill and e‑invoice apply for Vitamin C (Ascorbic Acid) & Derivatives?

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.

Any common misclassification issue with Vitamin C (Ascorbic Acid) & Derivatives?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Can we claim ITC on inputs used to trade Vitamin C (Ascorbic Acid) & Derivatives?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.