Consistent Export Growth: 9.30% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2916 have grown at a compound annual rate of 9.30% over 7 fiscal years, rising from ₹1,720.78 Crore in FY 2018-19 to ₹2,934.54 Crore in FY 2024-25.
HSN Sub Chapter 2916 represents Unsaturated acids under GST classification. This code helps businesses identify Unsaturated acids correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2916, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Unsaturated acids.
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GST Rate for Unsaturated acids under HSN Code 2916. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Unsaturated acids.
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Acrylic acid and its salts
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Esters of acrylic acid : Butyl acrylate
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Esters of acrylic acid : Other
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Methacrylic acid and its salts : Methacrylic acid
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides,: Methacrylic acid and its salts : Salts of methacrylic acid
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, : Esters of methacrylic acid
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Oleic, linoleic or linolenic acids, their salts and esters : Oleic acid
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Oleic, linoleic or linolenic acids, their salts and esters : Other
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Binapacryl (ISO)
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Undecylenic acid
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Bismuth compounds of unsaturated acyclic monoacids
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives :Other : Potassium compounds of unsaturated acyclic monoacids
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other :Sodium compounds of unsaturated acyclic monoacids
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Esters of unsaturated acyclic monoacids not elsewhere specified
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Sorbic acid
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Erucic acid
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids – their derivatives : Other : Other
Tariff HSN
Description
Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - cyclanic, cyclenic or cycloterpenic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives: D. V. acid chloride/cypermethric acid chloride
Tariff HSN
Description
Bifenthrin (iso)
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives: Other
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Benzoic acid : Benzoic acid
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Benzyl benzoate
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Methyl benzoate
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters :Sodium benzoate
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Benzocaine (ethylpara-amino benzoate)
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoic acid, its salts and esters : Orthochloro benzoic acid
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Benzoic acid, its salts and esters : Other
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Benzoyl peroxide and benzoyl chloride
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Phenylacetic acid and its salts
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Cinnamic acid
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Bismuth compounds of aromatic monoacids
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Potassium compounds of aromatic monoacids
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Sodium compounds of aromatic monoacids
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Esters of aromatic monoacids not elsewhere specified
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Other : Dichlorophenyl acetyl chloride specified
Tariff HSN
Description
Aromatic monocarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Other
India’s Exports
FY 2024-25₹2,935 Cr
0.0792% of India’s total exports
India’s Imports
FY 2024-25₹8,574 Cr
0.1406% of India’s total imports
Trade Balance
FY 2024-25−₹5,640 Cr
Surplus rank #1120 of 1233 subchapters
% of Chapter 29
FY 2024-251.72%
Share of Chapter 29’s total exports in FY 2024-25
Import side: 3.81% of Chapter 29’s imports
Rank Within Chapter 29
FY 2024-25#16 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #7 of 42
At a glance
9.30%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#204
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+48.46%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.72%
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
−4,365.94
Exports
1,720.78 ₹ Cr
0.0750% share
— YoY
1.35% of Ch. 29
Imports
6,086.72 ₹ Cr
0.1695% share
— YoY
3.89% of Ch. 29
Balance
−3,765.06
Exports
1,769.01 ₹ Cr
0.0801% share
+2.80% YoY
1.43% of Ch. 29
Imports
5,534.07 ₹ Cr
0.1650% share
−9.08% YoY
3.95% of Ch. 29
Balance
−3,961.29
Exports
1,925.73 ₹ Cr
0.0895% share
+8.86% YoY
1.45% of Ch. 29
Imports
5,887.02 ₹ Cr
0.2020% share
+6.38% YoY
4.04% of Ch. 29
Balance
−8,446.89
Exports
2,859.00 ₹ Cr
0.0911% share
+48.46% YoY
1.74% of Ch. 29
Imports
11,305.89 ₹ Cr
0.2474% share
+92.05% YoY
5.32% of Ch. 29
Balance
−5,246.95
Exports
3,553.24 ₹ Cr
0.0981% share
+24.28% YoY
2.07% of Ch. 29
Imports
8,800.19 ₹ Cr
0.1531% share
−22.16% YoY
3.79% of Ch. 29
Balance
−4,041.73
Exports
2,971.55 ₹ Cr
0.0821% share
−16.37% YoY
1.77% of Ch. 29
Imports
7,013.28 ₹ Cr
0.1249% share
−20.31% YoY
3.17% of Ch. 29
Balance
−5,639.86
Exports
2,934.54 ₹ Cr
0.0792% share
−1.25% YoY
1.72% of Ch. 29
Imports
8,574.40 ₹ Cr
0.1406% share
+22.26% YoY
3.81% of Ch. 29
CAGR · 7-Year
Exports
9.30% /yr
Imports
5.88% /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 2916 have grown at a compound annual rate of 9.30% over 7 fiscal years, rising from ₹1,720.78 Crore in FY 2018-19 to ₹2,934.54 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2916 ranks #204 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #16 of 42. By trade surplus, it ranks #1120 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2916 was recorded in FY 2021-22, when exports surged by 48.46% over the prior year.
In FY 2024-25, India's imports of ₹8,574.40 Cr exceeded exports of ₹2,934.54 Cr, resulting in a trade deficit of ₹5,639.86 Crore — ranking #1120 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2916 have grown at 5.88% CAGR, reaching ₹8,574.40 Crore in FY 2024-25.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2916 ranks #16 by export value — accounting for 1.72% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.81% share (rank #7).
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 2916 and GST compliance.
It includes Unsaturated acids
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.
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.
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.
If your outward supply of Unsaturated acids 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.
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.
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.