--- title: "HSN Code for Insulin Syrup | HSN 17029050 GST Rate" description: "Find HSN and GST Rates for 17029050 related to Insulin Syrup with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-17029050/" --- # HSN Code 17029050: Insulin Syrup - [Section 04: Guide to HSN Section 04](https://busy.in/hsn/section-04/) - [Chapter 17: Sugars and Sugar Confectionery](https://busy.in/hsn/chapter-17/) - [Sub-chapter 1702: Lactose and sugars](https://busy.in/hsn/sub-chapter-1702/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Other, including invert sugar and other sugar and sugar syrup blends containing in the dry state 50% by weight of fructose : Insulin syrup | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 17029050 ? It includes Insulin Syrup ### How much GST applies to Insulin Syrup? Under HSN 17029050, Insulin Syrup attracts Varies when sold in taxable form. Describe the form and packaging clearly on the invoice. ### Do e‑way bill and e‑invoice apply for Insulin Syrup? Generate an e‑way bill if the consignment value exceeds ₹50,000 (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Can we claim ITC on inputs used to trade Insulin Syrup? If your outward supply is taxable (5%/12% etc.), eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### How should mixed supplies be billed when Insulin Syrup is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Insulin Syrup; Nil for exempt items if applicable). ### Any common misclassification issue with Insulin Syrup? Use the exact HSN and the correct form (fresh/chilled vs. frozen/dried; PPL vs. not). Apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 17029050 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: < ₹1 Crore (+400.00% YoY) — 0.0000% of India's total exports - Imports: < ₹1 Crore — 0.0000% of India's total imports - Trade balance: < ₹1 Crore (Surplus); surplus rank #5250 of 12657 HSN codes - Share of Sub-Chapter 1702: 0.01% of its exports; import side 0.00% - Rank within Sub-Chapter 1702: #17 of 23 by export value; import-side #19 ### Key metrics - National export rank: #9570 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +1,500.00% in FY 2020-21 - Contribution to Sub-Ch. 1702: 0.01% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 17029050 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 1702 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 1702 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | < ₹1 Crore | 0.0000% | — | 0.07% | −0.38 | — | | FY 2019-20 | < ₹1 Crore | 0.0000% | — | 0.01% | 2.94 | 0.0001% | +673.68% | 0.50% | −2.91 | #9613 | | FY 2020-21 | < ₹1 Crore | 0.0000% | +1,500.00% | 0.09% | < ₹1 Crore | 0.0000% | −99.66% | 0.00% | +0.47 | #8257 | | FY 2021-22 | 1.13 | 0.0000% | +135.42% | 0.11% | < ₹1 Crore | 0.0000% | +600.00% | 0.01% | +1.06 | #7870 | | FY 2022-23 | 3.50 | 0.0001% | +209.73% | 0.30% | < ₹1 Crore | 0.0000% | +71.43% | 0.01% | +3.38 | #6833 | | FY 2023-24 | < ₹1 Crore | 0.0000% | −99.14% | 0.00% | Nil | 0.0000% | −100.00% | 0.00% | +0.03 | #10223 | | FY 2024-25 | < ₹1 Crore | 0.0000% | +400.00% | 0.01% | < ₹1 Crore | 0.0000% | — | 0.00% | +0.10 | #9570 | - CAGR (7-year): exports —/yr, imports -28.68%/yr (consistently Surplus) ## Key trade insights: HSN Code 17029050 export-import analysis ### Export snapshot for HSN Code 17029050 India exported ₹0.15 Crore worth of Insulin Syrup in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### HSN Code 17029050 ranked #9570 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 17029050 ranks #9570 out of 12657 HSN codes by total export value. Within Sub-Chapter 1702, it ranks #17 of 23. By trade surplus, it ranks #5250 of 12657. ### FY 2020-21 was the strongest growth year for HSN Code 17029050 exports The strongest single-year export movement for HSN Code 17029050 was recorded in FY 2020-21, when exports surged by 1,500.00% over the prior year. ### India maintains a trade surplus of ₹0.10 Crore in HSN Code 17029050 goods In FY 2024-25, India's exports of ₹0.15 Cr exceeded imports of ₹0.05 Cr, resulting in a trade surplus of ₹0.10 Crore — ranking #5250 of 12657 by surplus magnitude. ### Import growth of -28.68% CAGR signals stable import dependency for Insulin Syrup India's imports under HSN Code 17029050 have grown at -28.68% CAGR, reaching ₹0.05 Crore in FY 2024-25. ### HSN Code 17029050 contributes 0.01% of Sub-Chapter 1702 exports — ranked #17 Among the 23 HSN codes under Sub-Chapter 1702, HSN Code 17029050 ranks #17 by export value — accounting for 0.01% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.00% share (rank #19). ## Related HSN Codes in Sub-Chapter 1702 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 17023010: Glucose/glucose syrup (<20% fructose) - Liquid](https://busy.in/hsn/hsn-17023010/) | ₹444 Cr | | #2 | [HSN Code 17029090: Jaggery, Cane Sugar, and Non-Packaged Khandsari Sugar](https://busy.in/hsn/hsn-17029090/) | ₹264 Cr | | #3 | [HSN Code 17023031: Glucose/glucose syrup (<20% fructose) - Dextrose - Solid](https://busy.in/hsn/hsn-17023031/) | ₹151 Cr | | #4 | [HSN Code 17023020: Glucose/glucose syrup (<20% fructose) - Solid](https://busy.in/hsn/hsn-17023020/) | ₹92 Cr | | #5 | [HSN Code 17029040: Invert sugar/syrup (>50% fructose) – Caramel](https://busy.in/hsn/hsn-17029040/) | ₹69 Cr | | #6 | [HSN Code 17021190: Lactose & lactose syrup – 99%+ lactose – Other](https://busy.in/hsn/hsn-17021190/) | ₹42 Cr | | #7 | [HSN Code 17029010: Invert sugar/syrup (>50% fructose) – Palmyra sugar](https://busy.in/hsn/hsn-17029010/) | ₹22 Cr | | #8 | [HSN Code 17021110: Lactose & lactose syrup – 99%+ lactose – Solid form](https://busy.in/hsn/hsn-17021110/) | ₹17 Cr | | #9 | [HSN Code 17029030: Artificial Honey](https://busy.in/hsn/hsn-17029030/) | ₹10 Cr | | #10 | [HSN Code 17023039: Glucose & glucose syrup (<20% fructose) - Dextrose](https://busy.in/hsn/hsn-17023039/) | ₹2 Cr | | #17 | HSN Code 17029050: Insulin Syrup (this hsn code) | < ₹1 Crore |