HSN Code 39029000: Polymers in Primary Forms
HSN Code 39029000 represents Polymers in Primary Forms under GST classification. This code helps businesses identify Polymers in Primary Forms correctly for billing, taxation, and trade. With HSN Code 39029000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Polymers in Primary Forms.
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Description of Goods for HSN Code 39029000
HSN Code 39029000 relates to the following description.
What does HSN Code 39029000 not include?
Polymers in Primary Forms does not include products with the following descriptions.
Polypropylene
Poly iso butylene
Propylene copolymers
India’s Trade Performance — HSN Code 39029000 in FY 2024-25
India’s Exports
FY 2024-25₹108 Cr
0.0029% of India’s total exports
India’s Imports
FY 2024-25₹1,018 Cr
0.0167% of India’s total imports
Trade Balance
FY 2024-25−₹910 Cr
Surplus rank #12181 of 12657 HSN codes
% of Sub-Chapter 3902
FY 2024-252.92%
Share of Sub-Chapter 3902’s total exports in FY 2024-25
Import side: 6.35% of Sub-Chapter 3902’s imports
Rank Within Sub-Chapter 3902
FY 2024-25#4 of 4
Position by export value among HSN codes in Sub-Chapter 3902
Import-side rank: #3 of 4
At a glance
2.73%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#2563
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+58.31%
Peak Growth Year
FY 2021-22 · strongest single-year move
2.92%
Contribution to Sub-Ch. 3902
Share of Sub-Chapter 3902 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 39029000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
−499.69
Exports
91.56 ₹ Cr
0.0040% share
— YoY
1.52% of Sub-Ch. 3902
Imports
591.25 ₹ Cr
0.0165% share
— YoY
6.90% of Sub-Ch. 3902
Balance
−389.84
Exports
106.96 ₹ Cr
0.0049% share
+16.82% YoY
2.72% of Sub-Ch. 3902
Imports
496.80 ₹ Cr
0.0148% share
−15.97% YoY
5.69% of Sub-Ch. 3902
Balance
−416.62
Exports
74.81 ₹ Cr
0.0035% share
−30.06% YoY
1.31% of Sub-Ch. 3902
Imports
491.43 ₹ Cr
0.0169% share
−1.08% YoY
6.43% of Sub-Ch. 3902
Balance
−583.09
Exports
118.43 ₹ Cr
0.0038% share
+58.31% YoY
2.13% of Sub-Ch. 3902
Imports
701.52 ₹ Cr
0.0153% share
+42.75% YoY
5.33% of Sub-Ch. 3902
Balance
−783.28
Exports
106.62 ₹ Cr
0.0029% share
−9.97% YoY
3.14% of Sub-Ch. 3902
Imports
889.90 ₹ Cr
0.0155% share
+26.85% YoY
4.91% of Sub-Ch. 3902
Balance
−830.20
Exports
88.76 ₹ Cr
0.0025% share
−16.75% YoY
2.57% of Sub-Ch. 3902
Imports
918.96 ₹ Cr
0.0164% share
+3.27% YoY
5.68% of Sub-Ch. 3902
Balance
−910.08
Exports
107.60 ₹ Cr
0.0029% share
+21.23% YoY
2.92% of Sub-Ch. 3902
Imports
1,017.68 ₹ Cr
0.0167% share
+10.74% YoY
6.35% of Sub-Ch. 3902
CAGR · 7-Year
Exports
2.73% /yr
Imports
9.47% /yr
reference, FY 2024-25
Export
₹3,686.29 Cr
Import
₹16,019.79 Cr
Trade Balance
−12,333.50
Key Trade Insights: HSN Code 39029000 Export-Import Analysis
Consistent Export Growth: 2.73% CAGR Over 7 Years
India's exports under HSN Code 39029000 have grown at a compound annual rate of 2.73% over 7 fiscal years, rising from ₹91.56 Crore in FY 2018-19 to ₹107.60 Crore in FY 2024-25.
HSN Code 39029000 Ranked #2563 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 39029000 ranks #2563 out of 12657 HSN codes by total export value. Within Sub-Chapter 3902, it ranks #4 of 4. By trade surplus, it ranks #12181 of 12657.
FY 2021-22 Was the Strongest Growth Year for HSN Code 39029000 Exports
The strongest single-year export movement for HSN Code 39029000 was recorded in FY 2021-22, when exports surged by 58.31% over the prior year.
India Records a Trade Deficit of ₹910.08 Crore in HSN Code 39029000 Goods
In FY 2024-25, India's imports of ₹1,017.68 Cr exceeded exports of ₹107.60 Cr, resulting in a trade deficit of ₹910.08 Crore — ranking #12181 of 12657 by surplus magnitude.
Import Growth of 9.47% CAGR Signals Stable Import Dependency for Polymers in Primary Forms
India's imports under HSN Code 39029000 have grown at 9.47% CAGR, reaching ₹1,017.68 Crore in FY 2024-25.
HSN Code 39029000 Contributes 2.92% of Sub-Chapter 3902 Exports — Ranked #4
Among the 4 HSN codes under Sub-Chapter 3902, HSN Code 39029000 ranks #4 by export value — accounting for 2.92% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 6.35% share (rank #3).
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Frequently Asked Questions
Clear answers to common queries about HSN Code 39029000 and GST compliance.
What products are classified under HSN 39029000 ?
It includes Polymers in Primary Forms
Does packaging or labelling change the GST for Polymers in Primary Forms?
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 Polymers in Primary Forms?
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.
How much GST applies to Polymers in Primary Forms?
Under HSN 39029000, Polymers in Primary Forms attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Polymers in Primary Forms is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Polymers in Primary Forms; Nil for exempt items if applicable).
Can we claim ITC on inputs used to trade Polymers in Primary Forms?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.