Consistent Export Growth: 2.57% CAGR Over 7 Years
India's exports under HSN Sub-Chapter 2920 have grown at a compound annual rate of 2.57% over 7 fiscal years, rising from ₹709.82 Crore in FY 2018-19 to ₹826.42 Crore in FY 2024-25.
HSN Sub Chapter 2920 represents Inorganic acid esters and salts under GST classification. This code helps businesses identify Inorganic acid esters and salts correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2920, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Inorganic acid esters and salts.
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GST Rate for Inorganic acid esters and salts under HSN Code 2920. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.
Following tariff HSN codes fall under Inorganic acid esters and salts.
Tariff HSN
Description
Esters of other inorganic acids of non-metals (excluding esters of hydrogen halides) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives - thiophosphoric esters (phosphorothioates) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives
Tariff HSN
Description
Phosphorothioic acid, s [2-diethylamino)ethyl] o,o-diethyl e
Tariff HSN
Description
Esters of other inorganic acids of non-metals (excluding esters of hydrogen halides) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives
Tariff HSN
Description
Thiophosphoric esters (phosphorothioates) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives : Parathion (ISO) and parathion-methyl (ISO) (methylparathion)
Tariff HSN
Description
Phosphorothioic acid, s[2 -(diethyl amino) ethyl] o, o-diethyl ester
Tariff HSN
Description
Thiophosphoric esters (phosphorothioates) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives : Other : Thiophosphoric ester (phosphorothioates) and their salts, their halogenated, sulphonated, nitrated or nitrosated derivatives
Tariff HSN
Description
Thiophosphoric esters (phosphorothioates) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives : other : Other
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Dimethyl phosphite
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Diethyl phosphite
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Trimethyl phosphite
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Triethyl phosphite
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Other: Dimethyl sulphate
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Other: Diethyl sulphate
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Other: Tris (2, 3 Dibromopropyl) phosphate
Tariff HSN
Description
Phosphite esters and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives: Other: Other
Tariff HSN
Description
Endosulfan (ISO)
Tariff HSN
Description
Other
Tariff HSN
Description
Esters of other inorganic acids of non-metals (excluding esters of hydrogen halides) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : diethyl sulphate
Tariff HSN
Description
Esters of other inorganic acids of non-metals (excluding esters of hydrogen halides) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : dimethyl sulphate
Tariff HSN
Description
Esters of other inorganic acids of non-metals (excluding esters of hydrogen halides) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : tris (2,3 di-bromopropyl) phosphate
Tariff HSN
Description
Trimethyl phosphite
Tariff HSN
Description
Triethyl phosphite
Tariff HSN
Description
Dimethyl phosphite
Tariff HSN
Description
Diethyl phosphite
Tariff HSN
Description
Esters of other inorganic acids of non-metals (excluding esters of hydrogen halides) and their salts; their halogenated, sulphonated, nitrated or nitrosated derivatives - other : other
Tariff HSN
Description
Other
India’s Exports
FY 2024-25₹826 Cr
0.0223% of India’s total exports
India’s Imports
FY 2024-25₹853 Cr
0.0140% of India’s total imports
Trade Balance
FY 2024-25−₹26 Cr
Surplus rank #635 of 1233 subchapters
% of Chapter 29
FY 2024-250.49%
Share of Chapter 29’s total exports in FY 2024-25
Import side: 0.38% of Chapter 29’s imports
Rank Within Chapter 29
FY 2024-25#31 of 42
Position by export value among subchapters in Chapter 29
Import-side rank: #31 of 42
At a glance
2.57%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#423
National Export Rank
of 1233 subchapters by export value, FY 2024-25
+58.33%
Peak Growth Year
FY 2021-22 · strongest single-year move
0.49%
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
−241.81
Exports
709.82 ₹ Cr
0.0309% share
— YoY
0.56% of Ch. 29
Imports
951.63 ₹ Cr
0.0265% share
— YoY
0.61% of Ch. 29
Balance
−201.48
Exports
625.02 ₹ Cr
0.0283% share
−11.95% YoY
0.50% of Ch. 29
Imports
826.50 ₹ Cr
0.0246% share
−13.15% YoY
0.59% of Ch. 29
Balance
−418.60
Exports
533.43 ₹ Cr
0.0248% share
−14.65% YoY
0.40% of Ch. 29
Imports
952.03 ₹ Cr
0.0327% share
+15.19% YoY
0.65% of Ch. 29
Balance
−344.71
Exports
844.58 ₹ Cr
0.0269% share
+58.33% YoY
0.51% of Ch. 29
Imports
1,189.29 ₹ Cr
0.0260% share
+24.92% YoY
0.56% of Ch. 29
Balance
−318.47
Exports
964.33 ₹ Cr
0.0266% share
+14.18% YoY
0.56% of Ch. 29
Imports
1,282.80 ₹ Cr
0.0223% share
+7.86% YoY
0.55% of Ch. 29
Balance
−35.30
Exports
740.79 ₹ Cr
0.0205% share
−23.18% YoY
0.44% of Ch. 29
Imports
776.09 ₹ Cr
0.0138% share
−39.50% YoY
0.35% of Ch. 29
Balance
−26.22
Exports
826.42 ₹ Cr
0.0223% share
+11.56% YoY
0.49% of Ch. 29
Imports
852.64 ₹ Cr
0.0140% share
+9.86% YoY
0.38% of Ch. 29
CAGR · 7-Year
Exports
2.57% /yr
Imports
−1.81% /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 2920 have grown at a compound annual rate of 2.57% over 7 fiscal years, rising from ₹709.82 Crore in FY 2018-19 to ₹826.42 Crore in FY 2024-25.
In FY 2024-25, HSN Sub-Chapter 2920 ranks #423 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #31 of 42. By trade surplus, it ranks #635 of 1233.
The strongest single-year export movement for HSN Sub-Chapter 2920 was recorded in FY 2021-22, when exports surged by 58.33% over the prior year.
In FY 2024-25, India's imports of ₹852.64 Cr exceeded exports of ₹826.42 Cr, resulting in a trade deficit of ₹26.22 Crore — ranking #635 of 1233 by surplus magnitude.
India's imports under HSN Sub-Chapter 2920 have grown at −1.81% CAGR, reaching ₹852.64 Crore in FY 2024-25.
Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2920 ranks #31 by export value — accounting for 0.49% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.38% share (rank #31).
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 2920 and GST compliance.
It includes Inorganic acid esters and salts
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Inorganic acid esters and salts 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.
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.
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.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Inorganic acid esters and salts are forward charge. Check the current notifications for any special cases before deciding.