2940 HSN Code: Pure sugars excluding common types

HSN Sub Chapter 2940 represents Pure sugars excluding common types under GST classification. This code helps businesses identify Pure sugars excluding common types correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 2940, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Pure sugars excluding common types.

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New GST Rate for HSN Code 2940

GST Rate for Pure sugars excluding common types under HSN Code 2940. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

29

HSN Code

2940

HSN Description

Sugars, chemically pure, other than sucrose actose, maltose, glucose and fructose; sugar ethers, sugar acetals and sugar esters and their salts, other than products of headings 2937, 2938 or 2939

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 2940

Following tariff HSN codes fall under Pure sugars excluding common types.

Tariff HSN

29400000

Description

Sugars, chemically pure, other than sucrose actose, maltose, glucose and fructose; sugar ethers, sugar acetals and sugar esters and their salts, other than products of headings 2937, 2938 or 2939

India’s Trade Performance — HSN Sub-Chapter 2940 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

₹210 Cr

−32.13% vs FY 2023-24

0.0057% of India’s total exports

India’s Imports

FY 2024-25

₹498 Cr

+33.03% vs FY 2023-24

0.0082% of India’s total imports

Trade Balance

FY 2024-25

−₹288 Cr

Trade Deficit

Surplus rank #819 of 1233 subchapters

% of Chapter 29

FY 2024-25

0.12%

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

Import side: 0.22% of Chapter 29’s imports

Rank Within Chapter 29

FY 2024-25

#38 of 42

Position by export value among subchapters in Chapter 29

Import-side rank: #36 of 42

At a glance

16.79%

Export CAGR

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

#692

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+72.78%

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 2940

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 #747

Balance

−111.18

Exports

82.60 ₹ Cr

0.0036% share

— YoY

0.06% of Ch. 29

Imports

193.78 ₹ Cr

0.0054% share

— YoY

0.12% of Ch. 29

FY 2019-20 Exp. Rank #747

Balance

−102.38

Exports

87.58 ₹ Cr

0.0040% share

+6.03% YoY

0.07% of Ch. 29

Imports

189.96 ₹ Cr

0.0057% share

−1.97% YoY

0.14% of Ch. 29

FY 2020-21 Exp. Rank #654

Balance

−82.43

Exports

151.32 ₹ Cr

0.0070% share

+72.78% YoY

0.11% of Ch. 29

Imports

233.75 ₹ Cr

0.0080% share

+23.05% YoY

0.16% of Ch. 29

FY 2021-22 Exp. Rank #673

Balance

−496.99

Exports

187.18 ₹ Cr

0.0060% share

+23.70% YoY

0.11% of Ch. 29

Imports

684.17 ₹ Cr

0.0150% share

+192.69% YoY

0.32% of Ch. 29

FY 2022-23 Exp. Rank #607

Balance

−69.45

Exports

315.13 ₹ Cr

0.0087% share

+68.36% YoY

0.18% of Ch. 29

Imports

384.58 ₹ Cr

0.0067% share

−43.79% YoY

0.17% of Ch. 29

FY 2023-24 Exp. Rank #615

Balance

−65.59

Exports

308.79 ₹ Cr

0.0085% share

−2.01% YoY

0.18% of Ch. 29

Imports

374.38 ₹ Cr

0.0067% share

−2.65% YoY

0.17% of Ch. 29

FY 2024-25 Exp. Rank #692

Balance

−288.46

Exports

209.57 ₹ Cr

0.0057% share

−32.13% YoY

0.12% of Ch. 29

Imports

498.03 ₹ Cr

0.0082% share

+33.03% YoY

0.22% of Ch. 29

CAGR · 7-Year

Exports

16.79% /yr

Imports

17.04% /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 2940 Export-Import Analysis

Consistent Export Growth: 16.79% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 2940 have grown at a compound annual rate of 16.79% over 7 fiscal years, rising from ₹82.60 Crore in FY 2018-19 to ₹209.57 Crore in FY 2024-25.

HSN Sub-Chapter 2940 Ranked #692 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 2940 ranks #692 out of 1233 subchapters by total export value. Within Chapter 29, it ranks #38 of 42. By trade surplus, it ranks #819 of 1233.

FY 2020-21 Was the Strongest Growth Year for HSN Sub-Chapter 2940 Exports

The strongest single-year export movement for HSN Sub-Chapter 2940 was recorded in FY 2020-21, when exports surged by 72.78% over the prior year.

India Records a Trade Deficit of ₹288.46 Crore in HSN Sub-Chapter 2940 Goods

In FY 2024-25, India's imports of ₹498.03 Cr exceeded exports of ₹209.57 Cr, resulting in a trade deficit of ₹288.46 Crore — ranking #819 of 1233 by surplus magnitude.

Import Growth of 17.04% CAGR Signals Rising Demand for Pure sugars excluding common types

India's imports under HSN Sub-Chapter 2940 have grown at 17.04% CAGR, reaching ₹498.03 Crore in FY 2024-25.

HSN Sub-Chapter 2940 Contributes 0.12% of Chapter 29 Exports — Ranked #38

Among the 42 subchapters under Chapter 29, HSN Sub-Chapter 2940 ranks #38 by export value — accounting for 0.12% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.22% share (rank #36).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 2940 and GST compliance.

What products are classified under HSN 2940

It includes Pure sugars excluding common types

Does packaging or branding change how GST applies to Pure sugars excluding common types?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Pure sugars excluding common types 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.

If I repair and return Pure sugars excluding common types, 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.

What misclassification mistakes happen with Pure sugars excluding common types?

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.

Is the composition scheme suitable if I mainly trade Pure sugars excluding common types?

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 should my invoice and records include for Pure sugars excluding common types?

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.

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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