---
title: "2923 HSN Code | HSN Code for Quaternary ammonium compounds in India"
description: "Know more about 2923 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 2923 covering Quaternary ammonium compounds."
canonical: "https://busy.in/hsn/sub-chapter-2923/"
---

# HSN Sub-chapter 2923: Quaternary ammonium compounds

Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined

Part of [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 29231000 | [Choline & Salts](https://busy.in/hsn/hsn-29231000/) |
| 29232010 | [Lecithins](https://busy.in/hsn/hsn-29232010/) |
| 29232090 | [Lecithins and other phosphoaminolipids : Other](https://busy.in/hsn/hsn-29232090/) |
| 29233000 | [Tetraethylammonium perfluorooctane sulphonate](https://busy.in/hsn/hsn-29233000/) |
| 29234000 | [Didecyldimethylammonium sulphonate](https://busy.in/hsn/hsn-29234000/) |
| 29239000 | [Lecithins and Other Phosphoaminolipids](https://busy.in/hsn/hsn-29239000/) |

## Frequently asked questions

### What products are classified under HSN 2923

It includes Quaternary ammonium compounds

### How are warranty replacements of Quaternary ammonium compounds handled?

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.

### How should I document Quaternary ammonium compounds sent for job work?

Use a delivery challan for sending Quaternary ammonium compounds to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

### What should my invoice and records include for Quaternary ammonium compounds?

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.

### What misclassification mistakes happen with Quaternary ammonium compounds?

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.

### Can reverse charge ever apply to transactions involving Quaternary ammonium compounds?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Quaternary ammonium compounds are forward charge. Check the current notifications for any special cases before deciding.

## India's trade performance: HSN Sub-Chapter 2923 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹1,459 Cr (−23.97% YoY) — 0.0394% of India's total exports
- Imports: ₹606 Cr (−24.09% YoY) — 0.0099% of India's total imports
- Trade balance: ₹853 Cr (Surplus); surplus rank #201 of 1233 sub-chapters
- Share of Chapter 29: 0.86% of its exports; import side 0.27%
- Rank within Chapter 29: #28 of 42 by export value; import-side #35

### Key metrics

- Export CAGR: 8.41% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #324 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +90.44% in FY 2022-23
- Contribution to Ch. 29: 0.86% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 2923

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 29 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 29 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 899.15 | 0.0392% | — | 0.70% | 386.16 | 0.0108% | — | 0.25% | +512.99 | #309 |
| FY 2019-20 | 965.20 | 0.0437% | +7.35% | 0.78% | 370.25 | 0.0110% | −4.12% | 0.26% | +594.95 | #300 |
| FY 2020-21 | 1,021.18 | 0.0475% | +5.80% | 0.77% | 473.66 | 0.0163% | +27.93% | 0.32% | +547.52 | #305 |
| FY 2021-22 | 1,344.80 | 0.0429% | +31.69% | 0.82% | 642.39 | 0.0141% | +35.62% | 0.30% | +702.41 | #304 |
| FY 2022-23 | 2,560.98 | 0.0707% | +90.44% | 1.49% | 1,138.45 | 0.0198% | +77.22% | 0.49% | +1,422.53 | #203 |
| FY 2023-24 | 1,919.63 | 0.0531% | −25.04% | 1.14% | 798.79 | 0.0142% | −29.84% | 0.36% | +1,120.84 | #259 |
| FY 2024-25 | 1,459.46 | 0.0394% | −23.97% | 0.86% | 606.33 | 0.0099% | −24.09% | 0.27% | +853.13 | #324 |

- CAGR (7-year): exports 8.41%/yr, imports 7.81%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 2923 export-import analysis

### Consistent export growth: 8.41% CAGR over 7 years

India's exports under HSN Sub-Chapter 2923 have grown at a compound annual rate of 8.41% over 7 fiscal years, rising from ₹899.15 Crore in FY 2018-19 to ₹1,459.46 Crore in FY 2024-25.

### HSN Sub-Chapter 2923 ranked #324 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 2923 ranks #324 out of 1233 sub-chapters by total export value. Within Chapter 29, it ranks #28 of 42. By trade surplus, it ranks #201 of 1233.

### FY 2022-23 was the strongest growth year for HSN Sub-Chapter 2923 exports

The strongest single-year export movement for HSN Sub-Chapter 2923 was recorded in FY 2022-23, when exports surged by 90.44% over the prior year.

### India maintains a trade surplus of ₹853.13 Crore in HSN Sub-Chapter 2923 goods

In FY 2024-25, India's exports of ₹1,459.46 Cr exceeded imports of ₹606.33 Cr, resulting in a trade surplus of ₹853.13 Crore — ranking #201 of 1233 by surplus magnitude.

### Import growth of 7.81% CAGR signals stable import dependency for Quaternary ammonium compounds

India's imports under HSN Sub-Chapter 2923 have grown at 7.81% CAGR, reaching ₹606.33 Crore in FY 2024-25.

### HSN Sub-Chapter 2923 contributes 0.86% of Chapter 29 exports — ranked #28

Among the 42 sub-chapters under Chapter 29, HSN Sub-Chapter 2923 ranks #28 by export value — accounting for 0.86% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.27% share (rank #35).

## Related Sub-Chapters in Chapter 29

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 2933: Heterocyclic nitrogen compounds](https://busy.in/hsn/sub-chapter-2933/) | ₹37,363 Cr |
| #2 | [HSN Sub-Chapter 2902: Cyclic hydrocarbons](https://busy.in/hsn/sub-chapter-2902/) | ₹15,293 Cr |
| #3 | [HSN Sub-Chapter 2942: Other organic compounds](https://busy.in/hsn/sub-chapter-2942/) | ₹10,794 Cr |
| #4 | [HSN Sub-Chapter 2941: Antibiotics](https://busy.in/hsn/sub-chapter-2941/) | ₹8,911 Cr |
| #5 | [HSN Sub-Chapter 2921: Amine- function compounds](https://busy.in/hsn/sub-chapter-2921/) | ₹7,834 Cr |
| #6 | [HSN Sub-Chapter 2924: Internal combustion engines](https://busy.in/hsn/sub-chapter-2924/) | ₹6,530 Cr |
| #7 | [HSN Sub-Chapter 2915: Monocarboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2915/) | ₹6,424 Cr |
| #8 | [HSN Sub-Chapter 2934: Nucleic acids & derivatives](https://busy.in/hsn/sub-chapter-2934/) | ₹6,343 Cr |
| #9 | [HSN Sub-Chapter 2922: Oxygen-function amino-compounds](https://busy.in/hsn/sub-chapter-2922/) | ₹5,810 Cr |
| #10 | [HSN Sub-Chapter 2909: Ethers, ether-alcohols, peroxides](https://busy.in/hsn/sub-chapter-2909/) | ₹5,590 Cr |
| #28 | HSN Sub-Chapter 2923: Quaternary ammonium compounds (this hsn sub-chapter) | ₹1,459 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 2901 | [Acyclic hydrocarbons](https://busy.in/hsn/sub-chapter-2901/) |
| 2902 | [Cyclic hydrocarbons](https://busy.in/hsn/sub-chapter-2902/) |
| 2903 | [Halogenated hydrocarbons derivatives](https://busy.in/hsn/sub-chapter-2903/) |
| 2904 | [Hydrocarbon derivatives](https://busy.in/hsn/sub-chapter-2904/) |
| 2905 | [Acyclic alcohols & derivatives](https://busy.in/hsn/sub-chapter-2905/) |
| 2906 | [Cyclic alcohols & derivatives](https://busy.in/hsn/sub-chapter-2906/) |
| 2907 | [Phenols & derivatives](https://busy.in/hsn/sub-chapter-2907/) |
| 2908 | [Halogenated phenol derivatives](https://busy.in/hsn/sub-chapter-2908/) |
| 2909 | [Ethers, ether-alcohols, peroxides](https://busy.in/hsn/sub-chapter-2909/) |
| 2910 | [Epoxides & Derivatives](https://busy.in/hsn/sub-chapter-2910/) |
| 2911 | [Acetals & derivatives](https://busy.in/hsn/sub-chapter-2911/) |
| 2912 | [Aldehydes & derivatives](https://busy.in/hsn/sub-chapter-2912/) |
| 2913 | [Halogenated compounds](https://busy.in/hsn/sub-chapter-2913/) |
| 2914 | [Ketones & quinones](https://busy.in/hsn/sub-chapter-2914/) |
| 2915 | [Monocarboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2915/) |
| 2916 | [Unsaturated acids](https://busy.in/hsn/sub-chapter-2916/) |
| 2917 | [Polycarboxylic Acids](https://busy.in/hsn/sub-chapter-2917/) |
| 2918 | [Carboxylic acids and derivatives](https://busy.in/hsn/sub-chapter-2918/) |
| 2919 | [Phosphoric Esters](https://busy.in/hsn/sub-chapter-2919/) |
| 2920 | [Inorganic acid esters and salts](https://busy.in/hsn/sub-chapter-2920/) |
| 2921 | [Amine- function compounds](https://busy.in/hsn/sub-chapter-2921/) |
| 2922 | [Oxygen-function amino-compounds](https://busy.in/hsn/sub-chapter-2922/) |
| 2924 | [Internal combustion engines](https://busy.in/hsn/sub-chapter-2924/) |
| 2925 | [Carboxyimide compounds](https://busy.in/hsn/sub-chapter-2925/) |
| 2926 | [Nitrile-function compounds](https://busy.in/hsn/sub-chapter-2926/) |
| 2927 | [Diazo-, azo- or azoxy-compounds](https://busy.in/hsn/sub-chapter-2927/) |
| 2928 | [Hydrazine derivatives](https://busy.in/hsn/sub-chapter-2928/) |
| 2929 | [Compounds with other nitrogen function](https://busy.in/hsn/sub-chapter-2929/) |
| 2930 | [Organo-sulphur compounds](https://busy.in/hsn/sub-chapter-2930/) |
| 2931 | [Other organo-inorganic compounds](https://busy.in/hsn/sub-chapter-2931/) |
| 2932 | [Oxygen heterocyclic compounds](https://busy.in/hsn/sub-chapter-2932/) |
| 2933 | [Heterocyclic nitrogen compounds](https://busy.in/hsn/sub-chapter-2933/) |
| 2934 | [Nucleic acids & derivatives](https://busy.in/hsn/sub-chapter-2934/) |
| 2935 | [Sulphonamides](https://busy.in/hsn/sub-chapter-2935/) |
| 2936 | [Provitamins & vitamins, synthesized](https://busy.in/hsn/sub-chapter-2936/) |
| 2937 | [Hormones & derivatives, synthesized](https://busy.in/hsn/sub-chapter-2937/) |
| 2938 | [Natural glycosides & derivatives](https://busy.in/hsn/sub-chapter-2938/) |
| 2939 | [Vegetable alkaloids & derivatives](https://busy.in/hsn/sub-chapter-2939/) |
| 2940 | [Pure sugars excluding common types](https://busy.in/hsn/sub-chapter-2940/) |
| 2941 | [Antibiotics](https://busy.in/hsn/sub-chapter-2941/) |
| 2942 | [Other organic compounds](https://busy.in/hsn/sub-chapter-2942/) |