2929 HSN Code: Compounds with other nitrogen function

HSN Sub Chapter 2929 represents Compounds with other nitrogen function under GST classification. This code helps businesses identify Compounds with other nitrogen function correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2929, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Compounds with other nitrogen function.

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New GST Rate for HSN Code 2929

GST Rate for Compounds with other nitrogen function under HSN Code 2929. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2929

HSN Description

Compounds with other nitrogen function

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2929

Following tariff HSN codes fall under Compounds with other nitrogen function.

Tariff HSN

29291010

Description

Phenyl isocyanate

Tariff HSN

29291020

Description

Toluene di-isocyanate

Tariff HSN

29291090

Description

Other

Tariff HSN

29299010

Description

N,N-Diethylphosphoramidic dichloride

Tariff HSN

29299020

Description

N,N-Diisopropylphosphoramidic dichloride

Tariff HSN

29299030

Description

N,N-Dipropylphosphoramidic dichloride

Tariff HSN

29299040

Description

N,N-Dimethylphosphoramidic dichloride

Tariff HSN

29299050

Description

Diethyl N,N-Dimethylphosphoramidate

Tariff HSN

29299060

Description

Phosphoramidic acid, diethyl, dimethylester

Tariff HSN

29299090

Description

Other

India’s Trade Performance — HSN Sub-Chapter 2929 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

₹209 Cr

−44.17% vs FY 2023-24

0.0057% of India’s total exports

India’s Imports

FY 2024-25

₹2,961 Cr

+20.72% vs FY 2023-24

0.0486% of India’s total imports

Trade Balance

FY 2024-25

−₹2,752 Cr

Trade Deficit

Surplus rank #1060 of 1233 subchapters

% of Chapter 29

FY 2024-25

0.12%

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

Import side: 1.32% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#39 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #21 of 42

At a glance

−16.22%

Export CAGR

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

#693

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+1.34%

Peak Growth Year

FY 2020-21 · strongest single-year move

0.12%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2929

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 #389

Balance

−1,590.25

Exports

605.41 ₹ Cr

0.0264% share

— YoY

0.47% of Ch. 29

Imports

2,195.66 ₹ Cr

0.0611% share

— YoY

1.40% of Ch. 29

FY 2019-20 Exp. Rank #412

Balance

−973.19

Exports

492.66 ₹ Cr

0.0223% share

−18.62% YoY

0.40% of Ch. 29

Imports

1,465.85 ₹ Cr

0.0437% share

−33.24% YoY

1.05% of Ch. 29

FY 2020-21 Exp. Rank #424

Balance

−1,053.82

Exports

499.25 ₹ Cr

0.0232% share

+1.34% YoY

0.38% of Ch. 29

Imports

1,553.07 ₹ Cr

0.0533% share

+5.95% YoY

1.07% of Ch. 29

FY 2021-22 Exp. Rank #493

Balance

−1,739.31

Exports

460.31 ₹ Cr

0.0147% share

−7.80% YoY

0.28% of Ch. 29

Imports

2,199.62 ₹ Cr

0.0481% share

+41.63% YoY

1.03% of Ch. 29

FY 2022-23 Exp. Rank #556

Balance

−2,479.81

Exports

410.42 ₹ Cr

0.0113% share

−10.84% YoY

0.24% of Ch. 29

Imports

2,890.23 ₹ Cr

0.0503% share

+31.40% YoY

1.24% of Ch. 29

FY 2023-24 Exp. Rank #581

Balance

−2,077.84

Exports

375.04 ₹ Cr

0.0104% share

−8.62% YoY

0.22% of Ch. 29

Imports

2,452.88 ₹ Cr

0.0437% share

−15.13% YoY

1.11% of Ch. 29

FY 2024-25 Exp. Rank #693

Balance

−2,751.72

Exports

209.39 ₹ Cr

0.0057% share

−44.17% YoY

0.12% of Ch. 29

Imports

2,961.11 ₹ Cr

0.0486% share

+20.72% YoY

1.32% of Ch. 29

CAGR · 7-Year

Exports

−16.22% /yr

Imports

5.11% /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 2929 Export-Import Analysis

Export Decline: −16.22% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2929 have declined at a compound annual rate of −16.22% over 7 fiscal years, falling from ₹605.41 Crore in FY 2018-19 to ₹209.39 Crore in FY 2024-25.

HSN Sub-Chapter 2929 Ranked #693 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2929 ranks #693 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #39 of 42. By trade surplus, it ranks #1060 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 2929 Exports

The strongest single-year export movement for HSN Sub-Chapter 2929 was recorded in FY 2020-21, when exports surged by 1.34% over the prior year.

India Records a Trade Deficit of ₹2,751.72 Crore in HSN Sub-Chapter 2929 Goods

In FY 2024-25, India's imports of ₹2,961.11 Cr exceeded exports of ₹209.39 Cr, resulting in a trade deficit of ₹2,751.72 Crore — ranking #1060 of 1233 by surplus magnitude.

Import Growth of 5.11% CAGR Signals Stable Import Dependency for Compounds with other nitrogen function

India's imports under HSN Sub-Chapter 2929 have grown at 5.11% CAGR, reaching ₹2,961.11 Crore in FY 2024-25.

HSN Sub-Chapter 2929 Contributes 0.12% of Chapter 29 Exports — Ranked #39

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2929 ranks #39 by export value — accounting for 0.12% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.32% share (rank #21).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2929 and GST compliance.

What products are classified under HSN 2929

It includes Compounds with other nitrogen function

Can reverse charge ever apply to transactions involving Compounds with other nitrogen function?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Compounds with other nitrogen function are forward charge. Check the current notifications for any special cases before deciding.

If I repair and return Compounds with other nitrogen function, 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.

Does packaging or branding change how GST applies to Compounds with other nitrogen function?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Compounds with other nitrogen function is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

How should I document Compounds with other nitrogen function sent for job work?

Use a delivery challan for sending Compounds with other nitrogen function 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.

Any import/export nuance for Compounds with other nitrogen function?

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.

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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