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HS Code Lookup for Sub-Heading 292320 in India

HS Code Lookup helps classify products under appropriate HS code and find duties applicable across 140+ countries. Find and discover HS classification, tariffs, taxes, controls, rulings, ECCNs, and default and preferential duties for HS code 292320.

Sub Heading 292320

Organic chemicals - Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined. - Lecithins and other phosphoaminolipids

HS Code & Description

29232010

Lecithins

View Tariff & Duties

29232090

Other

View Tariff & Duties

Most classified products under HS 292320

Soy Lecithin: A common emulsifier used in food and health supplements.,
Egg Yolk Lecithin: Similar to soy lecithin, derived from egg yolks, used in food and pharmaceuticals.,
Sunflower Lecithin: A non-GMO alternative to soy lecithin, extracted from sunflower seeds. and
Rapeseed Lecithin: Another lecithin type obtained from rapeseeds

Tariffs and Duties for HS 29232010

General MFN Duty

Duty Name	Origin	Duty Rate	Duty Type	Unit of Measurement
Default Duty	All Countries	7.5%	Default Duty	Kilograms

Other Duties / Taxes

Tax Name	Tax Rate	Tax Type
Agriculture Infrastructure And Development Cess (AIDC)
Social Welfare Surcharge(SWC)
Safeguard Duty(SG)
IGST Levy
GST Compensation Cess(CC)
Health Cess
CESS
Custom Health CESS(CHCESS)
Additional Duty Of customs(ADC)

Preferential Duty

Preferential Program	Country of Export	Duty Rate	Duty Type
	Croatia
	Senegal
	Argentina
	Brunei Darussalam
	Malaysia
	Bangladesh
	Bhutan
	Bhutan
	Sri Lanka
	United Arab Emirates

Controls

S.No.	Country of Import	Country of Export
1	India	All Countries
2	India	All Countries
3	India	All Countries

FAQs

What is HS code 292320?

HS code 292320 includes Organic chemicals - Quaternary ammonium salts and hydroxides; lecithins and other phosphoaminolipids, whether or not chemically defined. - Lecithins and other phosphoaminolipids.

What category is HS code 292320?

HS code 292320 belongs to chapter 29 Organic chemicals category.

What is the duty for HS code 29232010 in India?

The default duty for 29232010 in India is 7.5%. Find duties for other HS codes in India.

Does HS code 29232010 have free trade agreements in India?

Yes, HS code 29232010 has free trade agreements in India such as Most Favoured Nation Tariff and more.

Does HS code 29232010 have controls in India?

Yes, HS code 29232010 has controls in India such as Import Approval and more.

Does HS code 29232010 have other taxes in India?

Yes, HS code 29232010 has other taxes in India such as Agriculture Infrastructure And Development Cess (AIDC) and more.

How many dutiables are there in HS code 292320 in India?

There are 2 dutiables in HS code 292320.

What is an HS Code and Why Does it Hold For Cross-Border Trade?

HS code is a standardized six-digit numerical classification system developed by the World Customs Organization (WCO) and acts as a universal language for simplifying the process of identifying and classifying traded products. They ensure consistent customs clearance, enable accurate duty calculation, and help identify relevant trade regulations. This simplifies the process for businesses, saving time, reducing risk, and promoting informed decision-making.

What are Controls and Why should Businesses Focus on Them?

In global trade, controls refer to a set of regulations and policies implemented by governments to manage the import and export of goods and services. These controls can take various forms, including tariffs, quotas, embargoes, export controls, and licensing requirements. Companies should prioritize understanding and adhering to them for compliance, reduced risk of legal issues, mitigating reputational damage, staying competitive, and building trust with governments.

What are Tariffs in Global Trade and Why should Businesses Focus on Them?

In global trade, tariffs are a type of tax levied by a government on imported goods. They act as a financial barrier to entry, increasing the overall cost of the imported product for domestic consumers and businesses. By understanding how tariffs work and their potential impact, companies can make informed decisions about pricing, sourcing, and market expansion, ultimately ensuring their competitiveness in the global marketplace.

What are FTAs in Global Trade and Why should Businesses Focus on Them?

In global trade, Free Trade Agreements (FTAs) are legally binding agreements between two or more countries aimed at reducing or eliminating barriers to trade between them. By understanding the terms of relevant FTAs and strategically incorporating them into their business plans, companies can enjoy reduced costs, expanded market access, and a more competitive edge in international trade.