HSN Code 33029012: Synthetic Essential Oils

HSN Code 33029012 represents Synthetic Essential Oils under GST classification. This code helps businesses identify Synthetic Essential Oils correctly for billing, taxation, and trade. With HSN Code 33029012, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Synthetic Essential Oils.

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Description of Goods for HSN Code 33029012

HSN Code 33029012 relates to the following description.

Description of Goods

Other : Mixtures of aromatic chemicals and essential oils as perfume base : Synthetic essential oil

Chapter

33 - Essential oils and resinoids, perfumery, cosmetic or toilet preparations

Sub Chapter

3302 - Mixtures of odoriferous substances and mixtures (including alcoholic solutions) with a basis of one or more of these substances, of a kind used as raw materials in industry; other preparations based on odoriferous substances, of a kind used for the manufacture of beverages

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 33029012 not include?

Synthetic Essential Oils does not include products with the following descriptions.

HSN Code 33021010

Of a kind used in the food or drink industries : Synthetic flavouring essences

HSN Code 33029011

Other : Mixtures of aromatic chemicals and essential oils as perfume base : Synthetic perfumery compounds

HSN Code 33029019

Other : Mixtures of aromatic chemicals and essential oils as perfume base : Other

India’s Trade Performance — HSN Code 33029012 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

₹93 Cr

+35.43% vs FY 2023-24

0.0025% of India’s total exports

India’s Imports

FY 2024-25

₹16 Cr

−6.17% vs FY 2023-24

0.0003% of India’s total imports

Trade Balance

FY 2024-25

₹77 Cr

Trade Surplus

Surplus rank #1798 of 12657 HSN codes

% of Sub-Chapter 3302

FY 2024-25

2.19%

Share of Sub-Chapter 3302’s total exports in FY 2024-25

Import side: 0.75% of Sub-Chapter 3302’s imports

Rank Within Sub-Chapter 3302

FY 2024-25

#7 of 7

Position by export value among HSN codes in Sub-Chapter 3302

Import-side rank: #6 of 7

At a glance

19.55%

Export CAGR

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

#2750

National Export Rank

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

+44.39%

Peak Growth Year

FY 2019-20 · strongest single-year move

2.19%

Contribution to Sub-Ch. 3302

Share of Sub-Chapter 3302 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Code 33029012

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 #3500

Balance

+11.45

Exports

31.90 ₹ Cr

0.0014% share

— YoY

1.32% of Sub-Ch. 3302

Imports

20.45 ₹ Cr

0.0006% share

— YoY

1.76% of Sub-Ch. 3302

FY 2019-20 Exp. Rank #2999

Balance

+24.26

Exports

46.06 ₹ Cr

0.0021% share

+44.39% YoY

1.78% of Sub-Ch. 3302

Imports

21.80 ₹ Cr

0.0007% share

+6.60% YoY

1.76% of Sub-Ch. 3302

FY 2020-21 Exp. Rank #2845

Balance

+32.07

Exports

52.74 ₹ Cr

0.0025% share

+14.50% YoY

2.07% of Sub-Ch. 3302

Imports

20.67 ₹ Cr

0.0007% share

−5.18% YoY

1.75% of Sub-Ch. 3302

FY 2021-22 Exp. Rank #3023

Balance

+53.17

Exports

63.62 ₹ Cr

0.0020% share

+20.63% YoY

2.26% of Sub-Ch. 3302

Imports

10.45 ₹ Cr

0.0002% share

−49.44% YoY

0.77% of Sub-Ch. 3302

FY 2022-23 Exp. Rank #3297

Balance

+45.64

Exports

57.07 ₹ Cr

0.0016% share

−10.30% YoY

1.82% of Sub-Ch. 3302

Imports

11.43 ₹ Cr

0.0002% share

+9.38% YoY

0.66% of Sub-Ch. 3302

FY 2023-24 Exp. Rank #3101

Balance

+51.59

Exports

68.78 ₹ Cr

0.0019% share

+20.52% YoY

1.92% of Sub-Ch. 3302

Imports

17.19 ₹ Cr

0.0003% share

+50.39% YoY

0.83% of Sub-Ch. 3302

FY 2024-25 Exp. Rank #2750

Balance

+77.02

Exports

93.15 ₹ Cr

0.0025% share

+35.43% YoY

2.19% of Sub-Ch. 3302

Imports

16.13 ₹ Cr

0.0003% share

−6.17% YoY

0.75% of Sub-Ch. 3302

CAGR · 7-Year

Exports

19.55% /yr

Imports

−3.88% /yr

Consistently Surplus
Sub-Chapter 3302 total

reference, FY 2024-25

Export

₹4,255.56 Cr

Import

₹2,137.47 Cr

Trade Balance

+2,118.09

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

Key Trade Insights: HSN Code 33029012 Export-Import Analysis

Consistent Export Growth: 19.55% CAGR Over 7 Years

India's exports under HSN Code 33029012 have grown at a compound annual rate of 19.55% over 7 fiscal years, rising from ₹31.90 Crore in FY 2018-19 to ₹93.15 Crore in FY 2024-25.

HSN Code 33029012 Ranked #2750 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 33029012 ranks #2750 out of 12657 HSN codes by total export value. Within Sub-Chapter 3302, it ranks #7 of 7. By trade surplus, it ranks #1798 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 33029012 Exports

The strongest single-year export movement for HSN Code 33029012 was recorded in FY 2019-20, when exports surged by 44.39% over the prior year.

India Maintains a Trade Surplus of ₹77.02 Crore in HSN Code 33029012 Goods

In FY 2024-25, India's exports of ₹93.15 Cr exceeded imports of ₹16.13 Cr, resulting in a trade surplus of ₹77.02 Crore — ranking #1798 of 12657 by surplus magnitude.

Import Growth of −3.88% CAGR Signals Stable Import Dependency for Synthetic Essential Oils

India's imports under HSN Code 33029012 have grown at −3.88% CAGR, reaching ₹16.13 Crore in FY 2024-25.

HSN Code 33029012 Contributes 2.19% of Sub-Chapter 3302 Exports — Ranked #7

Among the 7 HSN codes under Sub-Chapter 3302, HSN Code 33029012 ranks #7 by export value — accounting for 2.19% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.75% share (rank #6).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 33029012 and GST compliance.

What products are classified under HSN 33029012 ?

It includes Synthetic Essential Oils

Does packaging or labelling change the GST for Synthetic Essential Oils?

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 Synthetic Essential Oils?

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

How much GST applies to Synthetic Essential Oils?

Under HSN 33029012, Synthetic Essential Oils attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Synthetic Essential Oils is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Synthetic Essential Oils; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Synthetic Essential Oils?

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.