HSN Code 29362920 represents Nicotinic acid/amide (Niacin): Niacin B3 under GST classification. This code helps businesses identify Nicotinic acid/amide (Niacin): Niacin B3 correctly for billing, taxation, and trade. With HSN Code 29362920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Nicotinic acid/amide (Niacin): Niacin B3.
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HSN Code 29362920 relates to the following description.
Organic chemicals
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
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Nicotinic acid and nicotinamide (niacinamide or niacine)
9%
9%
18%
0%
Description of Goods
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Nicotinic acid and nicotinamide (niacinamide or niacine)
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%
Nicotinic acid/amide (Niacin): Niacin B3 does not include products with the following descriptions.
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
Vitamins and their derivatives, unmixed :Vitamin A and their derivatives
Vitamin B1 and its derivatives :Vitamin B1 and its derivatives :Vitamin B1 [Thiamine (INN), aneurine] and its salts
Vitamin B1 and its derivatives :Vitamin B1 and its derivatives :Other
Vitamins and their derivatives, unmixed : Vitamin B2 and its derivatives:Vitamin B2 [Riboflavin(INN), lactoflavin] and its salts
Vitamins and their derivatives, unmixed : Vitamin B2 and its derivatives:Other
Vitamins and their derivatives, unmixed :D- or DL-Pantothenic acid (Vitamin B3 or Vitamin B5 ) and its derivatives
Vitamins and their derivatives, unmixed :Vitamin B6 and its derivatives
Vitamins and their derivatives, unmixed :Vitamin B12 and its derivatives :Vitamin B12 (Cyanocobalamin (INN))
Vitamins and their derivatives, unmixed :Vitamin B12 and its derivatives :Other
Vitamins and their derivatives, unmixed :Vitamin C (Ascorbic acid) and its derivatives
Vitamins and their derivatives, unmixed :Vitamin E and its derivatives
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Folic acid (Vitamin B9 )
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Vitamin K (menaphthonum BP)
Vitamins and their derivatives, unmixed : D- or DL-Pantothenic acid (Vitamin B5) and its derivatives
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Vitamin H (Biotin)
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Other
Other, including natural concentrates
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
Vitamins and their derivatives, unmixed :Vitamin A and their derivatives
Vitamin B1 and its derivatives :Vitamin B1 and its derivatives :Vitamin B1 [Thiamine (INN), aneurine] and its salts
Vitamin B1 and its derivatives :Vitamin B1 and its derivatives :Other
Vitamins and their derivatives, unmixed : Vitamin B2 and its derivatives:Vitamin B2 [Riboflavin(INN), lactoflavin] and its salts
Vitamins and their derivatives, unmixed : Vitamin B2 and its derivatives:Other
Vitamins and their derivatives, unmixed :D- or DL-Pantothenic acid (Vitamin B3 or Vitamin B5 ) and its derivatives
Vitamins and their derivatives, unmixed :Vitamin B6 and its derivatives
Vitamins and their derivatives, unmixed :Vitamin B12 and its derivatives :Vitamin B12 (Cyanocobalamin (INN))
Vitamins and their derivatives, unmixed :Vitamin B12 and its derivatives :Other
Vitamins and their derivatives, unmixed :Vitamin C (Ascorbic acid) and its derivatives
Vitamins and their derivatives, unmixed :Vitamin E and its derivatives
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Folic acid (Vitamin B9 )
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Vitamin K (menaphthonum BP)
Vitamins and their derivatives, unmixed : D- or DL-Pantothenic acid (Vitamin B5) and its derivatives
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Vitamin H (Biotin)
Vitamins and their derivatives, unmixed : Other vitamins and their derivatives :Other
Other, including natural concentrates
India’s Exports
FY 2024-25₹772 Cr
0.0210% of India’s total exports
India’s Imports
FY 2024-25₹16 Cr
0.0003% of India’s total imports
Trade Balance
FY 2024-25₹756 Cr
Surplus rank #446 of 12657 HSN codes
% of Sub-Chapter 2936
FY 2024-2530.91%
Share of Sub-Chapter 2936’s total exports in FY 2024-25
Import side: 0.86% of Sub-Chapter 2936’s imports
Rank Within Sub-Chapter 2936
FY 2024-25#1 of 19
Position by export value among HSN codes in Sub-Chapter 2936
Import-side rank: #15 of 19
At a glance
9.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#666
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+31.80%
Peak Growth Year
FY 2019-20 · strongest single-year move
30.91%
Contribution to Sub-Ch. 2936
Share of Sub-Chapter 2936 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
+434.96
Exports
445.95 ₹ Cr
0.0195% share
— YoY
30.52% of Sub-Ch. 2936
Imports
10.99 ₹ Cr
0.0003% share
— YoY
0.78% of Sub-Ch. 2936
Balance
+573.07
Exports
587.74 ₹ Cr
0.0267% share
+31.80% YoY
35.01% of Sub-Ch. 2936
Imports
14.67 ₹ Cr
0.0004% share
+33.49% YoY
1.15% of Sub-Ch. 2936
Balance
+706.01
Exports
720.07 ₹ Cr
0.0335% share
+22.52% YoY
37.44% of Sub-Ch. 2936
Imports
14.06 ₹ Cr
0.0005% share
−4.16% YoY
0.92% of Sub-Ch. 2936
Balance
+833.85
Exports
848.54 ₹ Cr
0.0270% share
+17.84% YoY
37.61% of Sub-Ch. 2936
Imports
14.69 ₹ Cr
0.0003% share
+4.48% YoY
0.94% of Sub-Ch. 2936
Balance
+536.70
Exports
556.64 ₹ Cr
0.0154% share
−34.40% YoY
27.87% of Sub-Ch. 2936
Imports
19.94 ₹ Cr
0.0003% share
+35.74% YoY
1.19% of Sub-Ch. 2936
Balance
+669.36
Exports
692.59 ₹ Cr
0.0191% share
+24.42% YoY
35.93% of Sub-Ch. 2936
Imports
23.23 ₹ Cr
0.0004% share
+16.50% YoY
1.25% of Sub-Ch. 2936
Balance
+755.86
Exports
771.70 ₹ Cr
0.0210% share
+11.42% YoY
30.91% of Sub-Ch. 2936
Imports
15.84 ₹ Cr
0.0003% share
−31.81% YoY
0.86% of Sub-Ch. 2936
CAGR · 7-Year
Exports
9.57% /yr
Imports
6.28% /yr
reference, FY 2024-25
Export
₹2,496.25 Cr
Import
₹1,848.24 Cr
Trade Balance
+648.01
India's exports under HSN Code 29362920 have grown at a compound annual rate of 9.57% over 7 fiscal years, rising from ₹445.95 Crore in FY 2018-19 to ₹771.70 Crore in FY 2024-25.
In FY 2024-25, HSN Code 29362920 ranks #666 out of 12657 HSN codes by total export value. Within Sub-Chapter 2936, it ranks #1 of 19. By trade surplus, it ranks #446 of 12657.
The strongest single-year export movement for HSN Code 29362920 was recorded in FY 2019-20, when exports surged by 31.80% over the prior year.
In FY 2024-25, India's exports of ₹771.70 Cr exceeded imports of ₹15.84 Cr, resulting in a trade surplus of ₹755.86 Crore — ranking #446 of 12657 by surplus magnitude.
India's imports under HSN Code 29362920 have grown at 6.28% CAGR, reaching ₹15.84 Crore in FY 2024-25.
Among the 19 HSN codes under Sub-Chapter 2936, HSN Code 29362920 ranks #1 by export value — accounting for 30.91% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.86% share (rank #15).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Code 29362920 and GST compliance.
It includes Nicotinic acid/amide (Niacin): Niacin B3
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.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Nicotinic acid/amide (Niacin): Niacin B3; Nil for exempt items if applicable).
Under HSN 29362920, Nicotinic acid/amide (Niacin): Niacin B3 attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.