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2926 HSN Code: Nitrile-function compounds

HSN Sub Chapter 2926 represents Nitrile-function compounds under GST classification. This code helps businesses identify Nitrile-function compounds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2926, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Nitrile-function compounds.

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New GST Rate for HSN Code 2926

GST Rate for Nitrile-function compounds under HSN Code 2926. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2926

HSN Description

Nitrile-function compounds

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2926

Following tariff HSN codes fall under Nitrile-function compounds.

Tariff HSN

29261000

Description

Acrylonitrile

Tariff HSN

29262000

Description

1-Cyanoguanidine (dicyandiamide)

Tariff HSN

29263000

Description

Fenproporex (INN) and its salts; methadone (INN) intermediate (4-cyano-2-Dimethy lamino-4, 4- diphenylbutane)

Tariff HSN

29264000

Description

Alpha-phenylacetoacetonitrile

Tariff HSN

29269000

Description

Other

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India’s Trade Performance — HSN Sub-Chapter 2926 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹804 Cr

+14.29% vs FY 2023-24

0.0217% of India’s total exports

India’s Imports

FY 2024-25

₹4,528 Cr

+12.82% vs FY 2023-24

0.0743% of India’s total imports

Trade Balance

FY 2024-25

−₹3,725 Cr

Trade Deficit

Surplus rank #1086 of 1233 subchapters

% of Chapter 29

FY 2024-25

0.47%

Share of Chapter 29’s total exports in FY 2024-25

Import side: 2.01% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#32 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #16 of 42

At a glance

9.46%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#430

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+33.03%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.47%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2926

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

FY 2018-19 Exp. Rank #434

Balance

−3,818.90

Exports

467.31 ₹ Cr

0.0204% share

— YoY

0.37% of Ch. 29

Imports

4,286.21 ₹ Cr

0.1194% share

— YoY

2.74% of Ch. 29

FY 2019-20 Exp. Rank #404

Balance

−3,740.43

Exports

511.27 ₹ Cr

0.0231% share

+9.41% YoY

0.41% of Ch. 29

Imports

4,251.70 ₹ Cr

0.1267% share

−0.81% YoY

3.03% of Ch. 29

FY 2020-21 Exp. Rank #371

Balance

−2,938.97

Exports

680.13 ₹ Cr

0.0316% share

+33.03% YoY

0.51% of Ch. 29

Imports

3,619.10 ₹ Cr

0.1242% share

−14.88% YoY

2.48% of Ch. 29

FY 2021-22 Exp. Rank #394

Balance

−5,168.84

Exports

777.17 ₹ Cr

0.0248% share

+14.27% YoY

0.47% of Ch. 29

Imports

5,946.01 ₹ Cr

0.1301% share

+64.30% YoY

2.80% of Ch. 29

FY 2022-23 Exp. Rank #396

Balance

−4,895.56

Exports

916.77 ₹ Cr

0.0253% share

+17.96% YoY

0.53% of Ch. 29

Imports

5,812.33 ₹ Cr

0.1011% share

−2.25% YoY

2.50% of Ch. 29

FY 2023-24 Exp. Rank #445

Balance

−3,310.81

Exports

703.13 ₹ Cr

0.0194% share

−23.30% YoY

0.42% of Ch. 29

Imports

4,013.94 ₹ Cr

0.0715% share

−30.94% YoY

1.81% of Ch. 29

FY 2024-25 Exp. Rank #430

Balance

−3,724.79

Exports

803.63 ₹ Cr

0.0217% share

+14.29% YoY

0.47% of Ch. 29

Imports

4,528.42 ₹ Cr

0.0743% share

+12.82% YoY

2.01% of Ch. 29

CAGR · 7-Year

Exports

9.46% /yr

Imports

0.92% /yr

Consistently Deficit
Chapter 29 total

reference, FY 2024-25

Export

₹1,70,243.54 Cr

Import

₹2,24,781.99 Cr

Trade Balance

−54,538.45

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

Key Trade Insights: HSN Sub-Chapter 2926 Export-Import Analysis

Consistent Export Growth: 9.46% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2926 have grown at a compound annual rate of 9.46% over 7 fiscal years, rising from ₹467.31 Crore in FY 2018-19 to ₹803.63 Crore in FY 2024-25.

HSN Sub-Chapter 2926 Ranked #430 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2926 ranks #430 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #32 of 42. By trade surplus, it ranks #1086 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 2926 Exports

The strongest single-year export movement for HSN Sub-Chapter 2926 was recorded in FY 2020-21, when exports surged by 33.03% over the prior year.

India Records a Trade Deficit of ₹3,724.79 Crore in HSN Sub-Chapter 2926 Goods

In FY 2024-25, India's imports of ₹4,528.42 Cr exceeded exports of ₹803.63 Cr, resulting in a trade deficit of ₹3,724.79 Crore — ranking #1086 of 1233 by surplus magnitude.

Import Growth of 0.92% CAGR Signals Stable Import Dependency for Nitrile-function compounds

India's imports under HSN Sub-Chapter 2926 have grown at 0.92% CAGR, reaching ₹4,528.42 Crore in FY 2024-25.

HSN Sub-Chapter 2926 Contributes 0.47% of Chapter 29 Exports — Ranked #32

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2926 ranks #32 by export value — accounting for 0.47% of the chapter's total exports in FY 2024-25. On the import side, it holds 2.01% share (rank #16).

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2926 and GST compliance.

What products are classified under HSN 2926

It includes Nitrile-function compounds

What should my invoice and records include for Nitrile-function 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 are the e‑way bill and e‑invoice points while moving Nitrile-function compounds?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

How should I document Nitrile-function compounds sent for job work?

Use a delivery challan for sending Nitrile-function 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.

Is the composition scheme suitable if I mainly trade Nitrile-function compounds?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

What misclassification mistakes happen with Nitrile-function 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.

Does MRP, weight or pack size change GST treatment for Nitrile-function compounds?

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.

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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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