Consistent Export Growth: 5.68% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2915 have grown at a compound annual rate of 5.68% over 7 fiscal years, rising from ₹4,610.34 Crore in FY 2018-19 to ₹6,423.60 Crore in FY 2024-25.
HSN Sub Chapter 2915 represents Monocarboxylic acids and derivatives under GST classification. This code helps businesses identify Monocarboxylic acids and derivatives correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2915, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Monocarboxylic acids and derivatives.
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GST Rate for Monocarboxylic acids and derivatives under HSN Code 2915. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Monocarboxylic acids and derivatives.
Tariff HSN
Description
Formic acid, its salts and esters : Formic acid
Tariff HSN
Description
Formic acid, its salts and esters: Salts of formic acid : Sodium formate
Tariff HSN
Description
Formic acid, its salts and esters: Salts of formic acid : other
Tariff HSN
Description
Formic acid, its salts and esters : Esters of formic acid
Tariff HSN
Description
Acetic acid and its salts; acetic anhydride : Acetic acid
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - acetic acid and its salts; acetic anhydride : sodium acetate
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - acetic acid and its salts; acetic anhydride : cobalt acetates
Tariff HSN
Description
Acetic acid and its salts; acetic anhydride : Acetic anhydride
Tariff HSN
Description
Acetic acid and its salts; acetic anhydride : Other : Calcium acetate
Tariff HSN
Description
Acetic acid and its salts; acetic anhydride :Other :Magnesium acetate
Tariff HSN
Description
Acetic acid and its salts; acetic anhydride :Other :Manganese acetate
Tariff HSN
Description
Acetic acid and its salts; acetic anhydride :Other :Other
Tariff HSN
Description
Esters of acetic acid : Ethyl acetate
Tariff HSN
Description
Esters of acetic acid : Vinyl acetate
Tariff HSN
Description
Esters of acetic acid : n-Butyl acetate
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - esters of acetic acid : isobutyl acetate
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - esters of acetic acid : 2-ethoxyethyl acetate
Tariff HSN
Description
Esters of acetic acid : Dinoseb (ISO) acetate
Tariff HSN
Description
Esters of acetic acid : other : Benzyl acetate
Tariff HSN
Description
Esters of acetic acid : other : Bornyl acetate and iso bornyl acetate
Tariff HSN
Description
Esters of acetic acid : other : Linalyl acetate
Tariff HSN
Description
Esters of acetic acid : other : Methyl acetate
Tariff HSN
Description
Esters of acetic acid : other : Phenyl propyl acetate
Tariff HSN
Description
Esters of acetic acid : other : Terpinyl acetate
Tariff HSN
Description
Esters of acetic acid : other : Ortho tertiary butyl cyclohexyl acetate
Tariff HSN
Description
Esters of acetic acid : other : Para tertiary butyl cyclohexyl acetate
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - esters of acetic acid : other : other
Tariff HSN
Description
Esters of acetic acid : other : Methyl cyclohexyl acetate kg. 10% –
Tariff HSN
Description
Esters of acetic acid : other : Ethylene glycol mono ethyl ether acetate
Tariff HSN
Description
Esters of acetic acid : other : Other
Tariff HSN
Description
Mono-, di- or trichloroacetic acids, their salts and esters : Monochloroacetic acid, their salts and esters
Tariff HSN
Description
Mono-, di- or trichloroacetic acids, their salts and esters : Dichloroacetic acid, their salts and esters
Tariff HSN
Description
Mono-, di- or trichloroacetic acids, their salts and esters : Trichloroacetic acid, their salts and esters
Tariff HSN
Description
Propionic acid, its salts and esters
Tariff HSN
Description
Butanoic acids, pentanoic acids, their salts and esters :Butanoic acids, their salts and esters
Tariff HSN
Description
Butanoic acids, pentanoic acids, their salts and esters :Pentanoic acids, their salts and esters
Tariff HSN
Description
Palmitic acid, stearic acid, their salts and esters : Palmitic acid
Tariff HSN
Description
Palmitic acid, stearic acid, their salts and esters : Stearic acid
Tariff HSN
Description
Palmitic acid, stearic acid, their salts and esters : Glycerol monostearate
Tariff HSN
Description
Palmitic acid, stearic acid, their salts and esters : H.C.O.Fatty acid (including 12-hydroxy stearic acid)
Tariff HSN
Description
Palmitic acid, stearic acid, their salts and esters : D.C.O. Fatty acid
Tariff HSN
Description
Palmitic acid, stearic acid, their salts and esters : Other
Tariff HSN
Description
Other : Acetyl chloride
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : octoic acid (caprylic acid)
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : hexoic acid (caproic acid)
Tariff HSN
Description
Other : Pivaloyl chloride
Tariff HSN
Description
Other : N-valeryl chloride
Tariff HSN
Description
Other: N-octanoyl chloride
Tariff HSN
Description
Other: Neodecanoyl chloride
Tariff HSN
Description
Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : other
Tariff HSN
Description
Other : Other: Hexoic acid (caproic acid)
Tariff HSN
Description
Other : Other: Octoic acid (caprylic acid)
Tariff HSN
Description
Other : Other: Tri fluoro acetic acid
Tariff HSN
Description
Other : Other: Ethyl difluoro acetate
Tariff HSN
Description
Other : Other: Ethyl trifluoro acetate
Tariff HSN
Description
Other : Other: other
India’s Exports
FY 2024-25₹6,424 Cr
0.1735% of India’s total exports
India’s Imports
FY 2024-25₹11,830 Cr
0.1940% of India’s total imports
Trade Balance
FY 2024-25−₹5,407 Cr
Surplus rank #1118 of 1233 subchapters
% of Chapter 29
FY 2024-253.77%
Share of Chapter 29’s total exports in FY 2024-25
Import side: 5.26% of Chapter 29’s imports
Rank Within Chapter 29
FY 2024-25#7 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #6 of 42
At a glance
5.68%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#109
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+31.97%
Peak Growth Year
FY 2021-22 · strongest single-year move
3.77%
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
−5,940.81
Exports
4,610.34 ₹ Cr
0.2009% share
— YoY
3.61% of Ch. 29
Imports
10,551.15 ₹ Cr
0.2938% share
— YoY
6.74% of Ch. 29
Balance
−3,722.92
Exports
4,568.71 ₹ Cr
0.2068% share
−0.90% YoY
3.69% of Ch. 29
Imports
8,291.63 ₹ Cr
0.2472% share
−21.41% YoY
5.91% of Ch. 29
Balance
−3,333.43
Exports
4,937.47 ₹ Cr
0.2296% share
+8.07% YoY
3.71% of Ch. 29
Imports
8,270.90 ₹ Cr
0.2838% share
−0.25% YoY
5.67% of Ch. 29
Balance
−10,534.85
Exports
6,516.21 ₹ Cr
0.2076% share
+31.97% YoY
3.96% of Ch. 29
Imports
17,051.06 ₹ Cr
0.3731% share
+106.16% YoY
8.02% of Ch. 29
Balance
−8,012.82
Exports
6,675.05 ₹ Cr
0.1844% share
+2.44% YoY
3.89% of Ch. 29
Imports
14,687.87 ₹ Cr
0.2555% share
−13.86% YoY
6.33% of Ch. 29
Balance
−5,681.02
Exports
5,635.18 ₹ Cr
0.1557% share
−15.58% YoY
3.35% of Ch. 29
Imports
11,316.20 ₹ Cr
0.2015% share
−22.96% YoY
5.11% of Ch. 29
Balance
−5,406.61
Exports
6,423.60 ₹ Cr
0.1735% share
+13.99% YoY
3.77% of Ch. 29
Imports
11,830.21 ₹ Cr
0.1940% share
+4.54% YoY
5.26% of Ch. 29
CAGR · 7-Year
Exports
5.68% /yr
Imports
1.93% /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 2915 have grown at a compound annual rate of 5.68% over 7 fiscal years, rising from ₹4,610.34 Crore in FY 2018-19 to ₹6,423.60 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2915 ranks #109 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #7 of 42. By trade surplus, it ranks #1118 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2915 was recorded in FY 2021-22, when exports surged by 31.97% over the prior year.
In FY 2024-25, India's imports of ₹11,830.21 Cr exceeded exports of ₹6,423.60 Cr, resulting in a trade deficit of ₹5,406.61 Crore — ranking #1118 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2915 have grown at 1.93% CAGR, reaching ₹11,830.21 Crore in FY 2024-25.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2915 ranks #7 by export value — accounting for 3.77% of the chapter's total exports in FY 2024-25. On the import side, it holds 5.26% share (rank #6).
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 2915 and GST compliance.
It includes Monocarboxylic acids and derivatives
If your outward supply of Monocarboxylic acids and derivatives is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
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.
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.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
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.
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.