Export Decline: −5.64% CAGR Over 8 Years
India's exports under HSN Sub-Chapter 2906 have declined at a compound annual rate of −5.64% over 8 fiscal years, falling from ₹3,528.57 Crore in FY 2018-19 to ₹2,349.69 Crore in FY 2025-26.
HSN Sub Chapter 2906 represents Cyclic alcohols & derivatives under GST classification. This code helps businesses identify Cyclic alcohols & derivatives correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2906, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Cyclic alcohols & derivatives.
Manage correct HSN codes and GST rates with BUSY.
GST Rate for Cyclic alcohols & derivatives under HSN Code 2906. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Cyclic alcohols & derivatives.
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Menthol
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Natural menthol (C10H20O obtained by distillation of Japanese type mint or menthol mint oil, Mentha arvensis; not synthetically made)
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Other menthol, including synthetic menthol
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Cyclohexanol, methylcyclohexanols and dimethylcyclohexanols
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Sterols and inositols : Cholesterol
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Sterols and inositols : Other
Tariff HSN
Description
Cyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives - cyclanic, cyclenic or cycloterpenic : terpineols
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Other : Borneol
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic : Other : Other
Tariff HSN
Description
Aromatic : Benzyl alcohol
Tariff HSN
Description
Aromatic : other : Cinnamic alcohol
Tariff HSN
Description
Aromatic : other : Phenylethyl alcohol
Tariff HSN
Description
Aromatic : other : Dicofol
Tariff HSN
Description
Aromatic : other : other
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
India’s Exports
FY 2025-26₹2,350 Cr
0.0602% of India’s total exports
India’s Imports
FY 2025-26₹2,840 Cr
0.0414% of India’s total imports
Trade Balance
FY 2025-26−₹490 Cr
Surplus rank #873 of 1233 subchapters
% of Chapter 29
FY 2025-261.30%
Share of Chapter 29’s total exports in FY 2025-26
Import side: 1.27% of Chapter 29’s imports
Rank Within Chapter 29
FY 2025-26#24 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #22 of 42
At a glance
−5.64%
Export CAGR
FY 2018-19 → FY 2025-26 · 8 fiscal years
#259
National Export Rank
of 1233 subchapters by export value, FY 2025-26
+3.82%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.30%
Contribution to Ch. 29
Share of Chapter 29 exports in FY 2025-26
8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+2,829.57
Exports
3,528.57 ₹ Cr
0.1537% share
— YoY
2.77% of Ch. 29
Imports
699.00 ₹ Cr
0.0195% share
— YoY
0.45% of Ch. 29
Balance
+2,640.28
Exports
3,544.12 ₹ Cr
0.1605% share
+0.44% YoY
2.86% of Ch. 29
Imports
903.84 ₹ Cr
0.0269% share
+29.30% YoY
0.64% of Ch. 29
Balance
+2,186.82
Exports
3,281.99 ₹ Cr
0.1526% share
−7.40% YoY
2.47% of Ch. 29
Imports
1,095.17 ₹ Cr
0.0376% share
+21.17% YoY
0.75% of Ch. 29
Balance
+2,252.05
Exports
3,407.51 ₹ Cr
0.1086% share
+3.82% YoY
2.07% of Ch. 29
Imports
1,155.46 ₹ Cr
0.0253% share
+5.51% YoY
0.54% of Ch. 29
Balance
+1,283.34
Exports
2,670.15 ₹ Cr
0.0737% share
−21.64% YoY
1.56% of Ch. 29
Imports
1,386.81 ₹ Cr
0.0241% share
+20.02% YoY
0.60% of Ch. 29
Balance
+637.71
Exports
2,522.97 ₹ Cr
0.0697% share
−5.51% YoY
1.50% of Ch. 29
Imports
1,885.26 ₹ Cr
0.0336% share
+35.94% YoY
0.85% of Ch. 29
Balance
+70.24
Exports
2,574.03 ₹ Cr
0.0695% share
+2.02% YoY
1.51% of Ch. 29
Imports
2,503.79 ₹ Cr
0.0411% share
+32.81% YoY
1.11% of Ch. 29
Balance
−489.98
Exports
2,349.69 ₹ Cr
0.0602% share
−8.72% YoY
1.30% of Ch. 29
Imports
2,839.67 ₹ Cr
0.0414% share
+13.41% YoY
1.27% of Ch. 29
CAGR · 8-Year
Exports
−5.64% /yr
Imports
22.17% /yr
reference, FY 2025-26
Export
₹1,80,641.82 Cr
Import
₹2,24,278.97 Cr
Trade Balance
−43,637.15
India's exports under HSN Sub-Chapter 2906 have declined at a compound annual rate of −5.64% over 8 fiscal years, falling from ₹3,528.57 Crore in FY 2018-19 to ₹2,349.69 Crore in FY 2025-26.
In FY 2025-26, HSN Sub-Chapter 2906 ranks #259 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #24 of 42. By trade surplus, it ranks #873 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2906 was recorded in FY 2021-22, when exports surged by 3.82% over the prior year.
In FY 2025-26, India's imports of ₹2,839.67 Cr exceeded exports of ₹2,349.69 Cr, resulting in a trade deficit of ₹489.98 Crore — ranking #873 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2906 have grown at 22.17% CAGR, reaching ₹2,839.67 Crore in FY 2025-26.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2906 ranks #24 by export value — accounting for 1.30% of the chapter's total exports in FY 2025-26. On the import side, it holds 1.27% share (rank #22).
Clear answers to common queries about HSN Sub Chapter 2906 and GST compliance.
It includes Cyclic alcohols & derivatives
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Cyclic alcohols & derivatives are forward charge. Check the current notifications for any special cases before deciding.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Cyclic alcohols & derivatives is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.