Export Decline: −2.14% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2917 have declined at a compound annual rate of −2.14% over 7 fiscal years, falling from ₹2,730.30 Crore in FY 2018-19 to ₹2,397.49 Crore in FY 2024-25.
HSN Sub Chapter 2917 represents Polycarboxylic Acids under GST classification. This code helps businesses identify Polycarboxylic Acids correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2917, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Polycarboxylic Acids.
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GST Rate for Polycarboxylic Acids under HSN Code 2917. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Polycarboxylic Acids.
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Oxalic acid, its salts and esters : Oxalic acid
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Oxalic acid, its salts and esters : Calcium oxalate
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Oxalic acid, its salts and esters : Strontium oxalate
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Oxalic acid, its salts and esters : Diethyl oxalate
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Oxalic acid, its salts and esters : Other
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Adipic acid, its salts and esters
Tariff HSN
Description
Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : azelaic acid, sebacic acid, their salts and esters
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Azelaic acid, sebacic acid, their salts and esters: Sebacic Acid
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Azelaic acid, sebacic acid, their salts and esters: Other
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Maleic anhydride
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Maleic acid
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Malonic acid
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Succinic acid
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Ferrous fumarate
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Fumaric acid
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Itaconic acid
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other :Ethoxy methylene malonate, diethyl malonate
Tariff HSN
Description
Acyclic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Other
Tariff HSN
Description
Cyclanic, cyclenic or cycloterpenic, polycaroxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives
Tariff HSN
Description
Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives :dibutyl orthophthalates
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Dioctyl orthophthalates
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Dinonyl or didecyl orthophthalates
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other esters of orthophthalic acid
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Phthalic anhydride
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Terephthalic acid and its salts
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Dimethyl terephthalate
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Dibutyl phthalate
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other :Dioctyl phthalate
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Phthalic acid
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Dimethyl phthalate
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other :Trimellitic anhydride
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives:Other : Isophthalic acid
Tariff HSN
Description
Aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Other
India’s Exports
FY 2024-25₹2,397 Cr
0.0647% of India’s total exports
India’s Imports
FY 2024-25₹18,892 Cr
0.3098% of India’s total imports
Trade Balance
FY 2024-25−₹16,494 Cr
Surplus rank #1177 of 1233 subchapters
% of Chapter 29
FY 2024-251.41%
Share of Chapter 29’s total exports in FY 2024-25
Import side: 8.40% of Chapter 29’s imports
Rank Within Chapter 29
FY 2024-25#22 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #4 of 42
At a glance
−2.14%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#235
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+41.09%
Peak Growth Year
FY 2021-22 · strongest single-year move
1.41%
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
−4,929.14
Exports
2,730.30 ₹ Cr
0.1189% share
— YoY
2.14% of Ch. 29
Imports
7,659.44 ₹ Cr
0.2133% share
— YoY
4.89% of Ch. 29
Balance
−6,188.66
Exports
2,120.83 ₹ Cr
0.0960% share
−22.32% YoY
1.71% of Ch. 29
Imports
8,309.49 ₹ Cr
0.2477% share
+8.49% YoY
5.93% of Ch. 29
Balance
−3,898.20
Exports
1,905.31 ₹ Cr
0.0886% share
−10.16% YoY
1.43% of Ch. 29
Imports
5,803.51 ₹ Cr
0.1992% share
−30.16% YoY
3.98% of Ch. 29
Balance
−10,850.27
Exports
2,688.12 ₹ Cr
0.0857% share
+41.09% YoY
1.64% of Ch. 29
Imports
13,538.39 ₹ Cr
0.2962% share
+133.28% YoY
6.37% of Ch. 29
Balance
−14,902.22
Exports
2,443.06 ₹ Cr
0.0675% share
−9.12% YoY
1.42% of Ch. 29
Imports
17,345.28 ₹ Cr
0.3017% share
+28.12% YoY
7.47% of Ch. 29
Balance
−13,300.86
Exports
2,470.80 ₹ Cr
0.0683% share
+1.14% YoY
1.47% of Ch. 29
Imports
15,771.66 ₹ Cr
0.2808% share
−9.07% YoY
7.12% of Ch. 29
Balance
−16,494.24
Exports
2,397.49 ₹ Cr
0.0647% share
−2.97% YoY
1.41% of Ch. 29
Imports
18,891.73 ₹ Cr
0.3098% share
+19.78% YoY
8.40% of Ch. 29
CAGR · 7-Year
Exports
−2.14% /yr
Imports
16.24% /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 2917 have declined at a compound annual rate of −2.14% over 7 fiscal years, falling from ₹2,730.30 Crore in FY 2018-19 to ₹2,397.49 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2917 ranks #235 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #22 of 42. By trade surplus, it ranks #1177 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2917 was recorded in FY 2021-22, when exports surged by 41.09% over the prior year.
In FY 2024-25, India's imports of ₹18,891.73 Cr exceeded exports of ₹2,397.49 Cr, resulting in a trade deficit of ₹16,494.24 Crore — ranking #1177 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2917 have grown at 16.24% CAGR, reaching ₹18,891.73 Crore in FY 2024-25.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2917 ranks #22 by export value — accounting for 1.41% of the chapter's total exports in FY 2024-25. On the import side, it holds 8.40% share (rank #4).
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 2917 and GST compliance.
It includes Polycarboxylic Acids
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.
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.
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.
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.
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.