Consistent Export Growth: 14.06% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2918 have grown at a compound annual rate of 14.06% over 7 fiscal years, rising from ₹2,537.71 Crore in FY 2018-19 to ₹5,587.93 Crore in FY 2024-25.
HSN Sub Chapter 2918 represents Carboxylic acids and derivatives under GST classification. This code helps businesses identify Carboxylic acids and derivatives correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2918, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Carboxylic acids and derivatives.
Join our guided walkthrough to see how BUSY can transform your business operations.
GST Rate for Carboxylic acids and derivatives under HSN Code 2918. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Carboxylic acids and derivatives.
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Lactic acid, its salts and esters : Lactic acid
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Lactic acid, its salts and esters : Calcium lactate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Lactic acid, its salts and esters :Other
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Tartaric acid
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of tartaric acid :Potassium bitartrate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of tartaric acid :Metroprolol tartrate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of tartaric acid : Other
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Citric acid
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Potassium citrate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Sodium citrate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Bismuth citrate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Disodium hydrogen citrate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salts and esters of citric acid : Ferric ammonium citrate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Salts and esters of citric acid : Other
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Gluconic acid, its salts and esters : Calcium gluconate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Gluconic acid, its salts and esters : Ferrous gluconate
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Gluconic acid, its salts and esters : Other
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :2, 2-Diphenyl-2-hydroxyacetic acid (benzilic acid)
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives :Chlorobenzilate (ISO)
Tariff HSN
Description
Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : other
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Benzeneacetic acid, alpha-hydroxy-alpha-phenyl-
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Cholic acid
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Ricinoleic acid
Tariff HSN
Description
Carboxylic acids with alcohol function, but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Other
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salicylic acid and its salts : Salicylic acid
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salicylic acid and its salts :Sodium salicylate
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Salicylic acid and its salts : Other
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : O-Acetylsalicylic acid, its salts and esters
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other esters of salicylic acid and their salts : Methyl salicylate
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other esters of salicylic acid and their salts : amino salicylate
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other esters of salicylic acid and their salts :Salicylamide
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other esters of salicylic acid and their salts : Benzyl salicylate
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other esters of salicylic acid and their salts :Other
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Gallic acid
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Beta hydroxy napthoic acid
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Propyl gallate
Tariff HSN
Description
Carboxylic acids with phenol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other : Other
Tariff HSN
Description
Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Levulinic acid
Tariff HSN
Description
Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Ethyl aceto acetate (acetoacetic ester)
Tariff HSN
Description
Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Nalidixic acid
Tariff HSN
Description
Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Methyl aceto acetate
Tariff HSN
Description
Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Fluoro benzoyl butyric acid
Tariff HSN
Description
Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives : Other
Tariff HSN
Description
Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other
Tariff HSN
Description
Other : 2, 4, 5-T(ISO) (2, 4, 5-trichlorophenoxyacetic acid), its salts and esters
Tariff HSN
Description
Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives - other — other
Tariff HSN
Description
Other: Other: Sodium phenoxy acetate
Tariff HSN
Description
Other : Other: Methyl (E)-2-[2-(chloro methyl) phenyl]-3-methoxyacrylate
Tariff HSN
Description
Other: Other: Other
India’s Exports
FY 2024-25₹5,588 Cr
0.1509% of India’s total exports
India’s Imports
FY 2024-25₹4,723 Cr
0.0774% of India’s total imports
Trade Balance
FY 2024-25₹865 Cr
Surplus rank #198 of 1233 subchapters
% of Chapter 29
FY 2024-253.28%
Share of Chapter 29’s total exports in FY 2024-25
Import side: 2.10% of Chapter 29’s imports
Rank Within Chapter 29
FY 2024-25#11 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #15 of 42
At a glance
14.06%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#126
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+29.01%
Peak Growth Year
FY 2020-21 · strongest single-year move
3.28%
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
−384.47
Exports
2,537.71 ₹ Cr
0.1106% share
— YoY
1.99% of Ch. 29
Imports
2,922.18 ₹ Cr
0.0814% share
— YoY
1.87% of Ch. 29
Balance
−49.36
Exports
2,918.47 ₹ Cr
0.1321% share
+15.00% YoY
2.36% of Ch. 29
Imports
2,967.83 ₹ Cr
0.0885% share
+1.56% YoY
2.12% of Ch. 29
Balance
−215.93
Exports
3,764.98 ₹ Cr
0.1750% share
+29.01% YoY
2.83% of Ch. 29
Imports
3,980.91 ₹ Cr
0.1366% share
+34.14% YoY
2.73% of Ch. 29
Balance
+288.14
Exports
4,667.16 ₹ Cr
0.1487% share
+23.96% YoY
2.84% of Ch. 29
Imports
4,379.02 ₹ Cr
0.0958% share
+10.00% YoY
2.06% of Ch. 29
Balance
−144.09
Exports
5,032.99 ₹ Cr
0.1390% share
+7.84% YoY
2.93% of Ch. 29
Imports
5,177.08 ₹ Cr
0.0900% share
+18.22% YoY
2.23% of Ch. 29
Balance
+361.10
Exports
4,675.53 ₹ Cr
0.1292% share
−7.10% YoY
2.78% of Ch. 29
Imports
4,314.43 ₹ Cr
0.0768% share
−16.66% YoY
1.95% of Ch. 29
Balance
+865.32
Exports
5,587.93 ₹ Cr
0.1509% share
+19.51% YoY
3.28% of Ch. 29
Imports
4,722.61 ₹ Cr
0.0774% share
+9.46% YoY
2.10% of Ch. 29
CAGR · 7-Year
Exports
14.06% /yr
Imports
8.33% /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 2918 have grown at a compound annual rate of 14.06% over 7 fiscal years, rising from ₹2,537.71 Crore in FY 2018-19 to ₹5,587.93 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2918 ranks #126 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #11 of 42. By trade surplus, it ranks #198 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2918 was recorded in FY 2020-21, when exports surged by 29.01% over the prior year.
In FY 2024-25, India's exports of ₹5,587.93 Cr exceeded imports of ₹4,722.61 Cr, resulting in a trade surplus of ₹865.32 Crore — ranking #198 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2918 have grown at 8.33% CAGR, reaching ₹4,722.61 Crore in FY 2024-25.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2918 ranks #11 by export value — accounting for 3.28% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.10% share (rank #15).
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 2918 and GST compliance.
It includes Carboxylic acids and derivatives
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.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Carboxylic acids and 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.
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.
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 Carboxylic acids and derivatives are forward charge. Check the current notifications for any special cases before deciding.