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2923 HSN Code: Quaternary ammonium compounds

HSN Sub Chapter 2923 represents Quaternary ammonium compounds under GST classification. This code helps businesses identify Quaternary ammonium compounds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2923, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Quaternary ammonium compounds.

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New GST Rate for HSN Code 2923

GST Rate for Quaternary ammonium compounds under HSN Code 2923. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2923

HSN Description

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

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2923

Following tariff HSN codes fall under Quaternary ammonium compounds.

Tariff HSN

29231000

Description

Choline and its salts

Tariff HSN

29232010

Description

Lecithins and other phosphoaminolipids : Lecithins

Tariff HSN

29232090

Description

Lecithins and other phosphoaminolipids : Other

Tariff HSN

29233000

Description

Tetraethylammonium perfluorooctane sulphonate

Tariff HSN

29234000

Description

Didecyldimethylammonium perfluorooctane sulphonate

Tariff HSN

29239000

Description

Lecithins and other phosphoaminolipids :Other

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India’s Trade Performance — HSN Sub-Chapter 2923 in FY 2025-26

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2025-26 Values in ₹ Crore

India’s Exports

FY 2025-26

₹1,758 Cr

+20.43% vs FY 2024-25

0.0451% of India’s total exports

India’s Imports

FY 2025-26

₹802 Cr

+32.34% vs FY 2024-25

0.0117% of India’s total imports

Trade Balance

FY 2025-26

₹955 Cr

Trade Surplus

Surplus rank #196 of 1233 subchapters

% of Chapter 29

FY 2025-26

0.97%

Share of Chapter 29’s total exports in FY 2025-26

Import side: 0.36% of Chapter 29’s imports

Rank Within Chapter 29

FY 2025-26

#27 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #32 of 42

At a glance

10.05%

Export CAGR

FY 2018-19 → FY 2025-26 · 8 fiscal years

#316

National Export Rank

of 1233 subchapters by export value, FY 2025-26

+90.44%

Peak Growth Year

FY 2022-23 · strongest single-year move

0.97%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2025-26

India Export-Import Trade Statistics for HSN Sub-Chapter 2923

8-year export and import data, FY 2018-19 to FY 2025-26, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #309

Balance

+512.99

Exports

899.15 ₹ Cr

0.0392% share

— YoY

0.70% of Ch. 29

Imports

386.16 ₹ Cr

0.0108% share

— YoY

0.25% of Ch. 29

FY 2019-20 Exp. Rank #300

Balance

+594.95

Exports

965.20 ₹ Cr

0.0437% share

+7.35% YoY

0.78% of Ch. 29

Imports

370.25 ₹ Cr

0.0110% share

−4.12% YoY

0.26% of Ch. 29

FY 2020-21 Exp. Rank #305

Balance

+547.52

Exports

1,021.18 ₹ Cr

0.0475% share

+5.80% YoY

0.77% of Ch. 29

Imports

473.66 ₹ Cr

0.0163% share

+27.93% YoY

0.32% of Ch. 29

FY 2021-22 Exp. Rank #304

Balance

+702.41

Exports

1,344.80 ₹ Cr

0.0429% share

+31.69% YoY

0.82% of Ch. 29

Imports

642.39 ₹ Cr

0.0141% share

+35.62% YoY

0.30% of Ch. 29

FY 2022-23 Exp. Rank #203

Balance

+1,422.53

Exports

2,560.98 ₹ Cr

0.0707% share

+90.44% YoY

1.49% of Ch. 29

Imports

1,138.45 ₹ Cr

0.0198% share

+77.22% YoY

0.49% of Ch. 29

FY 2023-24 Exp. Rank #259

Balance

+1,120.84

Exports

1,919.63 ₹ Cr

0.0531% share

−25.04% YoY

1.14% of Ch. 29

Imports

798.79 ₹ Cr

0.0142% share

−29.84% YoY

0.36% of Ch. 29

FY 2024-25 Exp. Rank #324

Balance

+853.13

Exports

1,459.46 ₹ Cr

0.0394% share

−23.97% YoY

0.86% of Ch. 29

Imports

606.33 ₹ Cr

0.0099% share

−24.09% YoY

0.27% of Ch. 29

FY 2025-26 Exp. Rank #316

Balance

+955.16

Exports

1,757.57 ₹ Cr

0.0451% share

+20.43% YoY

0.97% of Ch. 29

Imports

802.41 ₹ Cr

0.0117% share

+32.34% YoY

0.36% of Ch. 29

CAGR · 8-Year

Exports

10.05% /yr

Imports

11.01% /yr

Consistently Surplus
Chapter 29 total

reference, FY 2025-26

Export

₹1,80,641.82 Cr

Import

₹2,24,278.97 Cr

Trade Balance

−43,637.15

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 2923 Export-Import Analysis

Consistent Export Growth: 10.05% CAGR Over 8 Years

India's exports under HSN Sub-Chapter 2923 have grown at a compound annual rate of 10.05% over 8 fiscal years, rising from ₹899.15 Crore in FY 2018-19 to ₹1,757.57 Crore in FY 2025-26.

HSN Sub-Chapter 2923 Ranked #316 Among All 1233 Subchapters by Export Value

In FY 2025-26, HSN Sub-Chapter 2923 ranks #316 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #27 of 42. By trade surplus, it ranks #196 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 ₹955.16 Crore in HSN Sub-Chapter 2923 Goods

In FY 2025-26, India's exports of ₹1,757.57 Cr exceeded imports of ₹802.41 Cr, resulting in a trade surplus of ₹955.16 Crore — ranking #196 of 1233 by surplus magnitude.

Import Growth of 11.01% CAGR Signals Rising Demand for Quaternary ammonium compounds

India's imports under HSN Sub-Chapter 2923 have grown at 11.01% CAGR, reaching ₹802.41 Crore in FY 2025-26.

HSN Sub-Chapter 2923 Contributes 0.97% of Chapter 29 Exports — Ranked #27

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2923 ranks #27 by export value — accounting for 0.97% of the chapter's total exports in FY 2025-26. On the import side, it holds 0.36% share (rank #32).

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2923 and GST compliance.

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.

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Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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