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

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).

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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.

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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