2932 HSN Code: Oxygen heterocyclic compounds

HSN Sub Chapter 2932 represents Oxygen heterocyclic compounds under GST classification. This code helps businesses identify Oxygen heterocyclic compounds correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2932, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Oxygen heterocyclic compounds.

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New GST Rate for HSN Code 2932

GST Rate for Oxygen heterocyclic compounds under HSN Code 2932. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2932

HSN Description

Heterocyclic compounds with oxygen heteroatom (s) only

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2932

Following tariff HSN codes fall under Oxygen heterocyclic compounds.

Tariff HSN

29321100

Description

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Tetrahydrofuran

Tariff HSN

29321200

Description

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : 2-Furaldehyde (furfuraldehyde)

Tariff HSN

29321300

Description

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Furfuryl alcohol and tetrahydrofurfuryl alcohol

Tariff HSN

29321400

Description

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure : Sucralose

Tariff HSN

29321910

Description

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Hydroxy dibenzfuran carboxylic acid

Tariff HSN

29321990

Description

Compounds containing an unfused furan ring (whether or not hydrogenated) in the structure :Other :Other

Tariff HSN

29322010

Description

Lactones :Coumarin, methylcoumarins and ethylcoumarins

Tariff HSN

29322020

Description

Lactones :Phenolphthalein

Tariff HSN

29322090

Description

Lactones :Other

Tariff HSN

29329100

Description

Other : Isosafrole

Tariff HSN

29329200

Description

Other :1-(1,3-Benzodioxol-5-yl) propan-2-one

Tariff HSN

29329300

Description

Other :Piperonal

Tariff HSN

29329400

Description

Other :Safrole

Tariff HSN

29329500

Description

Other :Tetrahydrocannabinols (all isomers)

Tariff HSN

29329600

Description

Other :Carbofuran (ISO)

Tariff HSN

29329900

Description

Heterocyclic compounds with oxygen hetero-atom (s) only – other : other

Tariff HSN

29329910

Description

Other : Cineole

Tariff HSN

29329920

Description

Emamectin benzoate (iso)

Tariff HSN

29329990

Description

Other :Other

India’s Trade Performance — HSN Sub-Chapter 2932 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

₹3,532 Cr

+24.31% vs FY 2023-24

0.0954% of India’s total exports

India’s Imports

FY 2024-25

₹4,171 Cr

+7.82% vs FY 2023-24

0.0684% of India’s total imports

Trade Balance

FY 2024-25

−₹639 Cr

Trade Deficit

Surplus rank #900 of 1233 subchapters

% of Chapter 29

FY 2024-25

2.07%

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

Import side: 1.86% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#14 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #17 of 42

At a glance

14.14%

Export CAGR

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

#180

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+27.82%

Peak Growth Year

FY 2020-21 · strongest single-year move

2.07%

Contribution to Ch. 29

Share of Chapter 29 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 2932

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 #215

Balance

−951.06

Exports

1,597.26 ₹ Cr

0.0696% share

— YoY

1.25% of Ch. 29

Imports

2,548.32 ₹ Cr

0.0710% share

— YoY

1.63% of Ch. 29

FY 2019-20 Exp. Rank #213

Balance

−884.08

Exports

1,617.13 ₹ Cr

0.0732% share

+1.24% YoY

1.31% of Ch. 29

Imports

2,501.21 ₹ Cr

0.0746% share

−1.85% YoY

1.78% of Ch. 29

FY 2020-21 Exp. Rank #188

Balance

−1,179.72

Exports

2,066.97 ₹ Cr

0.0961% share

+27.82% YoY

1.55% of Ch. 29

Imports

3,246.69 ₹ Cr

0.1114% share

+29.80% YoY

2.23% of Ch. 29

FY 2021-22 Exp. Rank #202

Balance

−1,668.07

Exports

2,260.51 ₹ Cr

0.0720% share

+9.36% YoY

1.38% of Ch. 29

Imports

3,928.58 ₹ Cr

0.0860% share

+21.00% YoY

1.85% of Ch. 29

FY 2022-23 Exp. Rank #196

Balance

−1,880.22

Exports

2,684.12 ₹ Cr

0.0741% share

+18.74% YoY

1.56% of Ch. 29

Imports

4,564.34 ₹ Cr

0.0794% share

+16.18% YoY

1.97% of Ch. 29

FY 2023-24 Exp. Rank #195

Balance

−1,027.08

Exports

2,841.42 ₹ Cr

0.0785% share

+5.86% YoY

1.69% of Ch. 29

Imports

3,868.50 ₹ Cr

0.0689% share

−15.25% YoY

1.75% of Ch. 29

FY 2024-25 Exp. Rank #180

Balance

−639.06

Exports

3,532.09 ₹ Cr

0.0954% share

+24.31% YoY

2.07% of Ch. 29

Imports

4,171.15 ₹ Cr

0.0684% share

+7.82% YoY

1.86% of Ch. 29

CAGR · 7-Year

Exports

14.14% /yr

Imports

8.56% /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 2932 Export-Import Analysis

Consistent Export Growth: 14.14% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2932 have grown at a compound annual rate of 14.14% over 7 fiscal years, rising from ₹1,597.26 Crore in FY 2018-19 to ₹3,532.09 Crore in FY 2024-25.

HSN Sub-Chapter 2932 Ranked #180 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2932 ranks #180 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #14 of 42. By trade surplus, it ranks #900 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 2932 Exports

The strongest single-year export movement for HSN Sub-Chapter 2932 was recorded in FY 2020-21, when exports surged by 27.82% over the prior year.

India Records a Trade Deficit of ₹639.06 Crore in HSN Sub-Chapter 2932 Goods

In FY 2024-25, India's imports of ₹4,171.15 Cr exceeded exports of ₹3,532.09 Cr, resulting in a trade deficit of ₹639.06 Crore — ranking #900 of 1233 by surplus magnitude.

Import Growth of 8.56% CAGR Signals Stable Import Dependency for Oxygen heterocyclic compounds

India's imports under HSN Sub-Chapter 2932 have grown at 8.56% CAGR, reaching ₹4,171.15 Crore in FY 2024-25.

HSN Sub-Chapter 2932 Contributes 2.07% of Chapter 29 Exports — Ranked #14

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2932 ranks #14 by export value — accounting for 2.07% of the chapter's total exports in FY 2024-25. On the import side, it holds 1.86% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2932 and GST compliance.

What products are classified under HSN 2932

It includes Oxygen heterocyclic compounds

Do spares or accessories of Oxygen heterocyclic compounds follow the same HSN?

Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.

Does MRP, weight or pack size change GST treatment for Oxygen heterocyclic 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.

Is the composition scheme suitable if I mainly trade Oxygen heterocyclic 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 are the e‑way bill and e‑invoice points while moving Oxygen heterocyclic 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.

Does packaging or branding change how GST applies to Oxygen heterocyclic compounds?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Oxygen heterocyclic compounds 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.

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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