2901 HSN Code: Acyclic hydrocarbons

HSN Sub Chapter 2901 represents Acyclic hydrocarbons under GST classification. This code helps businesses identify Acyclic hydrocarbons correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2901, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Acyclic hydrocarbons.

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New GST Rate for HSN Code 2901

GST Rate for Acyclic hydrocarbons under HSN Code 2901. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2901

HSN Description

Acyclic hydrocarbons

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2901

Following tariff HSN codes fall under Acyclic hydrocarbons.

Tariff HSN

29011000

Description

ACYCLIC HYDROCARBONS : Saturated

Tariff HSN

29012100

Description

Unsaturated : Ethylene

Tariff HSN

29012200

Description

Unsaturated : Propene (propylene)

Tariff HSN

29012300

Description

Unsaturated : Butene (butylene) and isomers thereof

Tariff HSN

29012400

Description

Unsaturated : Buta-1,3-diene and isoprene

Tariff HSN

29012910

Description

Unsaturated : Other : Acetylene, whether or not in dissolved condition

Tariff HSN

29012920

Description

Unsaturated : Other : Heptene (Heptylene)

Tariff HSN

29012930

Description

Unsaturated : Other : Dihydromyrcene

Tariff HSN

29012940

Description

Unsaturated : Other : Tetradecene

Tariff HSN

29012990

Description

Unsaturated : Other : Other

India’s Trade Performance — HSN Sub-Chapter 2901 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

₹2,113 Cr

+35.33% vs FY 2023-24

0.0570% of India’s total exports

India’s Imports

FY 2024-25

₹8,095 Cr

+0.47% vs FY 2023-24

0.1327% of India’s total imports

Trade Balance

FY 2024-25

−₹5,983 Cr

Trade Deficit

Surplus rank #1126 of 1233 subchapters

% of Chapter 29

FY 2024-25

1.24%

Share of Chapter 29’s total exports in FY 2024-25

Import side: 3.60% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#25 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #8 of 42

At a glance

−5.04%

Export CAGR

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

#258

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+100.16%

Peak Growth Year

FY 2021-22 · strongest single-year move

1.24%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2901

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 #144

Balance

−4,854.20

Exports

2,881.32 ₹ Cr

0.1255% share

— YoY

2.26% of Ch. 29

Imports

7,735.52 ₹ Cr

0.2154% share

— YoY

4.94% of Ch. 29

FY 2019-20 Exp. Rank #175

Balance

−3,733.22

Exports

2,113.54 ₹ Cr

0.0957% share

−26.65% YoY

1.71% of Ch. 29

Imports

5,846.76 ₹ Cr

0.1743% share

−24.42% YoY

4.17% of Ch. 29

FY 2020-21 Exp. Rank #208

Balance

−4,012.05

Exports

1,747.71 ₹ Cr

0.0813% share

−17.31% YoY

1.31% of Ch. 29

Imports

5,759.76 ₹ Cr

0.1977% share

−1.49% YoY

3.95% of Ch. 29

FY 2021-22 Exp. Rank #155

Balance

−3,970.00

Exports

3,498.26 ₹ Cr

0.1115% share

+100.16% YoY

2.13% of Ch. 29

Imports

7,468.26 ₹ Cr

0.1634% share

+29.66% YoY

3.51% of Ch. 29

FY 2022-23 Exp. Rank #322

Balance

−9,903.70

Exports

1,407.25 ₹ Cr

0.0389% share

−59.77% YoY

0.82% of Ch. 29

Imports

11,310.95 ₹ Cr

0.1967% share

+51.45% YoY

4.87% of Ch. 29

FY 2023-24 Exp. Rank #296

Balance

−6,496.37

Exports

1,561.01 ₹ Cr

0.0431% share

+10.93% YoY

0.93% of Ch. 29

Imports

8,057.38 ₹ Cr

0.1435% share

−28.76% YoY

3.64% of Ch. 29

FY 2024-25 Exp. Rank #258

Balance

−5,982.59

Exports

2,112.50 ₹ Cr

0.0570% share

+35.33% YoY

1.24% of Ch. 29

Imports

8,095.09 ₹ Cr

0.1327% share

+0.47% YoY

3.60% of Ch. 29

CAGR · 7-Year

Exports

−5.04% /yr

Imports

0.76% /yr

Consistently Deficit
Chapter 29 total

reference, FY 2024-25

Export

₹1,70,243.54 Cr

Import

₹2,24,781.99 Cr

Trade Balance

−54,538.45

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

Key Trade Insights: HSN Sub-Chapter 2901 Export-Import Analysis

Export Decline: −5.04% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2901 have declined at a compound annual rate of −5.04% over 7 fiscal years, falling from ₹2,881.32 Crore in FY 2018-19 to ₹2,112.50 Crore in FY 2024-25.

HSN Sub-Chapter 2901 Ranked #258 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2901 ranks #258 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #25 of 42. By trade surplus, it ranks #1126 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 2901 Exports

The strongest single-year export movement for HSN Sub-Chapter 2901 was recorded in FY 2021-22, when exports surged by 100.16% over the prior year.

India Records a Trade Deficit of ₹5,982.59 Crore in HSN Sub-Chapter 2901 Goods

In FY 2024-25, India's imports of ₹8,095.09 Cr exceeded exports of ₹2,112.50 Cr, resulting in a trade deficit of ₹5,982.59 Crore — ranking #1126 of 1233 by surplus magnitude.

Import Growth of 0.76% CAGR Signals Stable Import Dependency for Acyclic hydrocarbons

India's imports under HSN Sub-Chapter 2901 have grown at 0.76% CAGR, reaching ₹8,095.09 Crore in FY 2024-25.

HSN Sub-Chapter 2901 Contributes 1.24% of Chapter 29 Exports — Ranked #25

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2901 ranks #25 by export value — accounting for 1.24% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.60% share (rank #8).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2901 and GST compliance.

What products are classified under HSN 2901

It includes Acyclic hydrocarbons

Is the composition scheme suitable if I mainly trade Acyclic hydrocarbons?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Do spares or accessories of Acyclic hydrocarbons follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

How are warranty replacements of Acyclic hydrocarbons handled?

If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.

What should my invoice and records include for Acyclic hydrocarbons?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

What misclassification mistakes happen with Acyclic hydrocarbons?

Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.

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.

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