2928 HSN Code: Hydrazine derivatives

HSN Sub Chapter 2928 represents Hydrazine derivatives under GST classification. This code helps businesses identify Hydrazine derivatives correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2928, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Hydrazine derivatives.

Live Demo Available Today

Experience the power of Expert Accounting

Join our guided walkthrough to see how BUSY can transform your business operations.

Trusted by 6,00,000+ Users
4.6 Google Rating
+91
expand_more

* No credit card required

New GST Rate for HSN Code 2928

GST Rate for Hydrazine derivatives under HSN Code 2928. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2928

HSN Description

Organic derivatives of hydrazine or of hydroxylamine

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2928

Following tariff HSN codes fall under Hydrazine derivatives.

Tariff HSN

29280010

Description

Organic derivatives of hydrazine or of hydroxylamine :Isoniazid

Tariff HSN

29280090

Description

Organic derivatives of hydrazine or of hydroxylamine :Other

India’s Trade Performance — HSN Sub-Chapter 2928 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

₹716 Cr

−47.90% vs FY 2023-24

0.0193% of India’s total exports

India’s Imports

FY 2024-25

₹327 Cr

−6.83% vs FY 2023-24

0.0054% of India’s total imports

Trade Balance

FY 2024-25

₹389 Cr

Trade Surplus

Surplus rank #277 of 1233 subchapters

% of Chapter 29

FY 2024-25

0.42%

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

Import side: 0.15% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#33 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #38 of 42

At a glance

−2.59%

Export CAGR

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

#447

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+29.49%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.42%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2928

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 #319

Balance

+367.91

Exports

838.65 ₹ Cr

0.0365% share

— YoY

0.66% of Ch. 29

Imports

470.74 ₹ Cr

0.0131% share

— YoY

0.30% of Ch. 29

FY 2019-20 Exp. Rank #291

Balance

+457.38

Exports

1,003.36 ₹ Cr

0.0454% share

+19.64% YoY

0.81% of Ch. 29

Imports

545.98 ₹ Cr

0.0163% share

+15.98% YoY

0.39% of Ch. 29

FY 2020-21 Exp. Rank #258

Balance

+816.72

Exports

1,299.22 ₹ Cr

0.0604% share

+29.49% YoY

0.98% of Ch. 29

Imports

482.50 ₹ Cr

0.0166% share

−11.63% YoY

0.33% of Ch. 29

FY 2021-22 Exp. Rank #303

Balance

+965.33

Exports

1,360.59 ₹ Cr

0.0434% share

+4.72% YoY

0.83% of Ch. 29

Imports

395.26 ₹ Cr

0.0086% share

−18.08% YoY

0.19% of Ch. 29

FY 2022-23 Exp. Rank #292

Balance

+1,205.07

Exports

1,597.83 ₹ Cr

0.0441% share

+17.44% YoY

0.93% of Ch. 29

Imports

392.76 ₹ Cr

0.0068% share

−0.63% YoY

0.17% of Ch. 29

FY 2023-24 Exp. Rank #329

Balance

+1,023.79

Exports

1,374.85 ₹ Cr

0.0380% share

−13.96% YoY

0.82% of Ch. 29

Imports

351.06 ₹ Cr

0.0063% share

−10.62% YoY

0.16% of Ch. 29

FY 2024-25 Exp. Rank #447

Balance

+389.27

Exports

716.35 ₹ Cr

0.0193% share

−47.90% YoY

0.42% of Ch. 29

Imports

327.08 ₹ Cr

0.0054% share

−6.83% YoY

0.15% of Ch. 29

CAGR · 7-Year

Exports

−2.59% /yr

Imports

−5.89% /yr

Consistently Surplus
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 2928 Export-Import Analysis

Export Decline: −2.59% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2928 have declined at a compound annual rate of −2.59% over 7 fiscal years, falling from ₹838.65 Crore in FY 2018-19 to ₹716.35 Crore in FY 2024-25.

HSN Sub-Chapter 2928 Ranked #447 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2928 ranks #447 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #33 of 42. By trade surplus, it ranks #277 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 2928 Exports

The strongest single-year export movement for HSN Sub-Chapter 2928 was recorded in FY 2020-21, when exports surged by 29.49% over the prior year.

India Maintains a Trade Surplus of ₹389.27 Crore in HSN Sub-Chapter 2928 Goods

In FY 2024-25, India's exports of ₹716.35 Cr exceeded imports of ₹327.08 Cr, resulting in a trade surplus of ₹389.27 Crore — ranking #277 of 1233 by surplus magnitude.

Import Growth of −5.89% CAGR Signals Stable Import Dependency for Hydrazine derivatives

India's imports under HSN Sub-Chapter 2928 have grown at −5.89% CAGR, reaching ₹327.08 Crore in FY 2024-25.

HSN Sub-Chapter 2928 Contributes 0.42% of Chapter 29 Exports — Ranked #33

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2928 ranks #33 by export value — accounting for 0.42% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.15% share (rank #38).

Stop worrying about HSN & TAX compliance

BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.

Automatic Updates
Error-free GSTR
6,00,000+ Happy Users
+91
expand_more

* No credit card required

Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2928 and GST compliance.

What products are classified under HSN 2928

It includes Hydrazine derivatives

Is the composition scheme suitable if I mainly trade Hydrazine derivatives?

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.

If I repair and return Hydrazine derivatives, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Can reverse charge ever apply to transactions involving Hydrazine derivatives?

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

Any import/export nuance for Hydrazine derivatives?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

How do I bill a kit or combo that includes Hydrazine derivatives?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

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.

Explore More HSN Codes from Chapter 29