HSN Code 29071220: Monophenols: Cresols

HSN Code 29071220 represents Monophenols: Cresols under GST classification. This code helps businesses identify Monophenols: Cresols correctly for billing, taxation, and trade. With HSN Code 29071220, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Monophenols: Cresols.

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Description of Goods for HSN Code 29071220

HSN Code 29071220 relates to the following description.

Description of Goods

Monophenols : Cresols and their salts : Cresylic acid

Chapter

29 - Organic chemicals

Sub Chapter

2907 - Phenols, phenol-alcohols, and their halogenated, sulphonated, nitrated or nitrosated derivatives: phenols; phenol-alcohols

CGST

9%

SGST

9%

IGST

18%

CESS

0%

What does HSN Code 29071220 not include?

Monophenols: Cresols does not include products with the following descriptions.

HSN Code 29071110

Monophenols :Phenol (hydroxybenzene) and its salts : Phenol, as pure carbolic acid

HSN Code 29072300

Polyphenols ; phenol-alcohols :4,4 -isopropylidenedipheno (bis-phenol A, diphenylolpropane) and its salts

India’s Trade Performance — HSN Code 29071220 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

Nil

−100.00% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹45 Cr

−27.96% vs FY 2023-24

0.0007% of India’s total imports

Trade Balance

FY 2024-25

−₹45 Cr

Trade Deficit

Surplus rank #10166 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

0.00%

Share of Sub-Chapter 2907’s total exports in FY 2024-25

Import side: 0.78% of Sub-Chapter 2907’s imports

At a glance

+1,98,100.00%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.00%

Contribution to Sub-Ch. 2907

Share of Sub-Chapter 2907 exports in FY 2024-25

India Export-Import Trade Statistics for 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 2018-19

Balance

−47.46

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2907

Imports

47.46 ₹ Cr

0.0013% share

— YoY

0.89% of Sub-Ch. 2907

FY 2019-20

Balance

−61.42

Exports

Nil ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2907

Imports

61.42 ₹ Cr

0.0018% share

+29.41% YoY

1.56% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #9546

Balance

−66.77

Exports

< ₹1 Crore ₹ Cr

0.0000% share

— YoY

0.00% of Sub-Ch. 2907

Imports

66.82 ₹ Cr

0.0023% share

+8.79% YoY

1.77% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #2426

Balance

−3.46

Exports

99.10 ₹ Cr

0.0032% share

+1,98,100.00% YoY

3.83% of Sub-Ch. 2907

Imports

102.56 ₹ Cr

0.0022% share

+53.49% YoY

1.66% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #2579

Balance

−17.62

Exports

96.45 ₹ Cr

0.0027% share

−2.67% YoY

4.20% of Sub-Ch. 2907

Imports

114.07 ₹ Cr

0.0020% share

+11.22% YoY

1.89% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #3501

Balance

−11.10

Exports

51.10 ₹ Cr

0.0014% share

−47.02% YoY

2.70% of Sub-Ch. 2907

Imports

62.20 ₹ Cr

0.0011% share

−45.47% YoY

1.30% of Sub-Ch. 2907

FY 2024-25

Balance

−44.81

Exports

Nil ₹ Cr

0.0000% share

−100.00% YoY

0.00% of Sub-Ch. 2907

Imports

44.81 ₹ Cr

0.0007% share

−27.96% YoY

0.78% of Sub-Ch. 2907

CAGR · 7-Year

Exports

—

Imports

−0.95% /yr

Consistently Deficit
Sub-Chapter 2907 total

reference, FY 2024-25

Export

₹2,242.64 Cr

Import

₹5,741.09 Cr

Trade Balance

−3,498.45

Peak export growth year Latest available data Not available YoY = change vs previous FY

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.

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29071220 and GST compliance.

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.

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.