--- title: "HSN Code for Monophenols: Cresols | HSN 29071220 GST Rate" description: "Find HSN and GST Rates for 29071220 related to Monophenols: Cresols with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29071220/" --- # HSN Code 29071220: Monophenols: Cresols - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/) - [Sub-chapter 2907: Phenols & derivatives](https://busy.in/hsn/sub-chapter-2907/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Monophenols : Cresols and their salts : Cresylic acid | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29071220 ? It includes Monophenols: Cresols ### Do e‑way bill and e‑invoice apply for Monophenols: Cresols? e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies. ### Can we claim ITC on inputs used to trade Monophenols: Cresols? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Does packaging or labelling change the GST for Monophenols: Cresols? For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading. ### Any common misclassification issue with Monophenols: Cresols? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ### How should mixed supplies be billed when Monophenols: Cresols is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Monophenols: Cresols; Nil for exempt items if applicable). ### How much GST applies to Monophenols: Cresols? Under HSN 29071220, Monophenols: Cresols attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 29071220 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: Nil (−100.00% YoY) — 0.0000% of India's total exports - Imports: ₹45 Cr (−27.96% YoY) — 0.0007% of India's total imports - Trade balance: −₹45 Cr (Deficit); surplus rank #10166 of 12657 HSN codes - Share of Sub-Chapter 2907: 0.00% of its exports; import side 0.78% ### Key metrics - Peak growth year: +1,98,100.00% in FY 2021-22 - Contribution to Sub-Ch. 2907: 0.00% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29071220 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. 2907 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2907 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | Nil | 0.0000% | — | 0.00% | 47.46 | 0.0013% | — | 0.89% | −47.46 | — | | FY 2019-20 | Nil | 0.0000% | — | 0.00% | 61.42 | 0.0018% | +29.41% | 1.56% | −61.42 | — | | FY 2020-21 | < ₹1 Crore | 0.0000% | — | 0.00% | 66.82 | 0.0023% | +8.79% | 1.77% | −66.77 | #9546 | | FY 2021-22 | 99.10 | 0.0032% | +1,98,100.00% | 3.83% | 102.56 | 0.0022% | +53.49% | 1.66% | −3.46 | #2426 | | FY 2022-23 | 96.45 | 0.0027% | −2.67% | 4.20% | 114.07 | 0.0020% | +11.22% | 1.89% | −17.62 | #2579 | | FY 2023-24 | 51.10 | 0.0014% | −47.02% | 2.70% | 62.20 | 0.0011% | −45.47% | 1.30% | −11.10 | #3501 | | FY 2024-25 | Nil | 0.0000% | −100.00% | 0.00% | 44.81 | 0.0007% | −27.96% | 0.78% | −44.81 | — | - CAGR (7-year): exports —/yr, imports -0.95%/yr (consistently Deficit) ## Key trade insights: HSN Code 29071220 export-import analysis ### Export snapshot for HSN Code 29071220 India exported ₹0.00 Crore worth of Monophenols: Cresols in FY 2024-25. Multi-year trend data is being compiled for this hsn code. ### FY 2021-22 was the strongest growth year for HSN Code 29071220 exports The strongest single-year export movement for HSN Code 29071220 was recorded in FY 2021-22, when exports surged by 1,98,100.00% over the prior year. ### India records a trade deficit of ₹44.81 Crore in HSN Code 29071220 goods In FY 2024-25, India's imports of ₹44.81 Cr exceeded exports of ₹0.00 Cr, resulting in a trade deficit of ₹44.81 Crore — ranking #10166 of 12657 by surplus magnitude. ### Import growth of -0.95% CAGR signals stable import dependency for Monophenols: Cresols India's imports under HSN Code 29071220 have grown at -0.95% CAGR, reaching ₹44.81 Crore in FY 2024-25. ## Related HSN Codes in Sub-Chapter 2907 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | [HSN Code 29072990: Polyphenols ; phenol-alcohols :Other :Other](https://busy.in/hsn/hsn-29072990/) | ₹464 Cr | | #2 | [HSN Code 29071990: Monophenols \| Other](https://busy.in/hsn/hsn-29071990/) | ₹298 Cr | | #3 | [HSN Code 29072930: Tertiary butyl hydroquinone](https://busy.in/hsn/hsn-29072930/) | ₹259 Cr | | #4 | [HSN Code 29071210: Monophenols: Para cresols (p-cresols)](https://busy.in/hsn/hsn-29071210/) | ₹252 Cr | | #5 | [HSN Code 29071110: Pure Carbolic Acid (Phenol)](https://busy.in/hsn/hsn-29071110/) | ₹162 Cr | | #6 | [HSN Code 29071290: Monophenols :Cresols and their salts : Other](https://busy.in/hsn/hsn-29071290/) | ₹144 Cr | | #7 | [HSN Code 29072100: Resorcinol and its salts](https://busy.in/hsn/hsn-29072100/) | ₹122 Cr | | #8 | [HSN Code 29072200: Hydroquinone and its salts](https://busy.in/hsn/hsn-29072200/) | ₹93 Cr | | #9 | [HSN Code 29071190: Other monophenols](https://busy.in/hsn/hsn-29071190/) | ₹87 Cr | | #10 | [HSN Code 29071930: Monophenols \| Other](https://busy.in/hsn/hsn-29071930/) | ₹79 Cr | | — | HSN Code 29071220: Monophenols: Cresols (this hsn code) | Nil |