Consistent Export Growth: 8.94% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2914 have grown at a compound annual rate of 8.94% over 7 fiscal years, rising from ₹3,179.66 Crore in FY 2018-19 to ₹5,314.58 Crore in FY 2024-25.
HSN Sub Chapter 2914 represents Ketones & quinones under GST classification. This code helps businesses identify Ketones & quinones correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2914, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ketones & quinones.
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GST Rate for Ketones & quinones under HSN Code 2914. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Ketones & quinones.
Tariff HSN
Description
Acyclic ketones without other oxygen function : Acetone
Tariff HSN
Description
Acyclic ketones without other oxygen function : Butanone (methyl ethyl ketone)
Tariff HSN
Description
Acyclic ketones without other oxygen function :4-methylpentan-2-one (methyl isobutyl ketone)
Tariff HSN
Description
Acyclic ketones without other oxygen function :Other : Isophoron
Tariff HSN
Description
Acyclic ketones without other oxygen function : Other : Other
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Cyclohexanone and methyl-cyclohexanones
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Ionones and methylionones : Beta-ionone
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Ionones and methylionones : Pseudo ionone
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Ionones and methylionones : Other
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Other : L-caravone
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Other : Camphor : Natural
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Other : Camphor : Synthetic
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Other : Camphor : Pentyl-2-cyclopenten-1-one
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Other : Camphor : Cyclohexane dione
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Other : Camphor : 7-acetyl, 1,2,3,4,5,6,7,8-octahydro, 1,1, 6,7-tetra methyl Naphthalene / 1-(2,3,8,8-tetramethyl-1,2, 3,4,5,6,7,8-octahydronaphthalen-2-yl) ethanone
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function : Other :other
Tariff HSN
Description
Aromatic ketones without other oxygen function :Phenylacetone (phenylpropan-2-one
Tariff HSN
Description
Aromatic ketones without other oxygen function : Other :Aceto phenone
Tariff HSN
Description
Aromatic ketones without other oxygen function : Other :Benzanthrone
Tariff HSN
Description
Aromatic ketones without other oxygen function : Other :Benzophenone
Tariff HSN
Description
Aromatic ketones without other oxygen function : Other :Dibenzanthrone (violanthrone)
Tariff HSN
Description
Aromatic ketones without other oxygen function : Other :Other
Tariff HSN
Description
Ketone-alcohols and ketone-aldehydes
Tariff HSN
Description
Ketone-phenols and ketones with other oxygen function
Tariff HSN
Description
Quinones : Anthraquinone
Tariff HSN
Description
Quinones : Coenzyme Q10 [ubidecarenone (INN)]
Tariff HSN
Description
Quinones:Other : 1,4- dihydroxy anthraquinone (quinizarin)
Tariff HSN
Description
Quinones:Other : Methyl anthraquinone
Tariff HSN
Description
Quinones : Other : Other
Tariff HSN
Description
Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives - halogenated, sulphonated, nitrated or nitrosated derivatives : 1-chloro anthra quinone
Tariff HSN
Description
Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives - halogenated, sulphonated, nitrated or nitrosated derivatives : musk ketone
Tariff HSN
Description
Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives - halogenated, sulphonated, nitrated or nitrosated derivatives : other
Tariff HSN
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives : Chlordecone (ISO)
Tariff HSN
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives : 1-chloro anthraquinone
Tariff HSN
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives : Musk ketone
Tariff HSN
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives : Tri fluoro methyl acetophenone
Tariff HSN
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives : Chloro-4-(4-chloro phenoxy) acetophenone
Tariff HSN
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives : Dichloroacetophenone
Tariff HSN
Description
Halogenated, sulphonated, nitrated or nitrosated derivatives : Other
India’s Exports
FY 2024-25₹5,315 Cr
0.1435% of India’s total exports
India’s Imports
FY 2024-25₹5,493 Cr
0.0901% of India’s total imports
Trade Balance
FY 2024-25−₹179 Cr
Surplus rank #766 of 1233 subchapters
% of Chapter 29
FY 2024-253.12%
Share of Chapter 29’s total exports in FY 2024-25
Import side: 2.44% of Chapter 29’s imports
Rank Within Chapter 29
FY 2024-25#12 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #14 of 42
At a glance
8.94%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#129
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+23.88%
Peak Growth Year
FY 2022-23 · strongest single-year move
3.12%
Contribution to Ch. 29
Share of Chapter 29 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
−1,119.78
Exports
3,179.66 ₹ Cr
0.1385% share
— YoY
2.49% of Ch. 29
Imports
4,299.44 ₹ Cr
0.1197% share
— YoY
2.75% of Ch. 29
Balance
+229.18
Exports
3,453.04 ₹ Cr
0.1563% share
+8.60% YoY
2.79% of Ch. 29
Imports
3,223.86 ₹ Cr
0.0961% share
−25.02% YoY
2.30% of Ch. 29
Balance
−129.37
Exports
3,952.00 ₹ Cr
0.1837% share
+14.45% YoY
2.97% of Ch. 29
Imports
4,081.37 ₹ Cr
0.1401% share
+26.60% YoY
2.80% of Ch. 29
Balance
−599.24
Exports
4,550.20 ₹ Cr
0.1450% share
+15.14% YoY
2.77% of Ch. 29
Imports
5,149.44 ₹ Cr
0.1127% share
+26.17% YoY
2.42% of Ch. 29
Balance
+420.84
Exports
5,636.87 ₹ Cr
0.1557% share
+23.88% YoY
3.29% of Ch. 29
Imports
5,216.03 ₹ Cr
0.0907% share
+1.29% YoY
2.25% of Ch. 29
Balance
+580.84
Exports
5,425.03 ₹ Cr
0.1499% share
−3.76% YoY
3.23% of Ch. 29
Imports
4,844.19 ₹ Cr
0.0863% share
−7.13% YoY
2.19% of Ch. 29
Balance
−178.69
Exports
5,314.58 ₹ Cr
0.1435% share
−2.04% YoY
3.12% of Ch. 29
Imports
5,493.27 ₹ Cr
0.0901% share
+13.40% YoY
2.44% of Ch. 29
CAGR · 7-Year
Exports
8.94% /yr
Imports
4.17% /yr
reference, FY 2024-25
Export
₹1,70,243.54 Cr
Import
₹2,24,781.99 Cr
Trade Balance
−54,538.45
India's exports under HSN Sub-Chapter 2914 have grown at a compound annual rate of 8.94% over 7 fiscal years, rising from ₹3,179.66 Crore in FY 2018-19 to ₹5,314.58 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2914 ranks #129 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #12 of 42. By trade surplus, it ranks #766 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2914 was recorded in FY 2022-23, when exports surged by 23.88% over the prior year.
In FY 2024-25, India's imports of ₹5,493.27 Cr exceeded exports of ₹5,314.58 Cr, resulting in a trade deficit of ₹178.69 Crore — ranking #766 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2914 have grown at 4.17% CAGR, reaching ₹5,493.27 Crore in FY 2024-25.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2914 ranks #12 by export value — accounting for 3.12% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.44% share (rank #14).
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Clear answers to common queries about HSN Sub Chapter 2914 and GST compliance.
It includes Ketones & quinones
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
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.
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.
Use a delivery challan for sending Ketones & quinones to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
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.