--- title: "HSN Code for Monophenols :Cresols and their salts : Other | HSN 29071290 GST Rate" description: "Find HSN and GST Rates for 29071290 related to Monophenols :Cresols and their salts : Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29071290/" --- # HSN Code 29071290: Monophenols :Cresols and their salts : Other - [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 : Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29071290 ? It includes Monophenols :Cresols and their salts : Other ### Does packaging or labelling change the GST for Monophenols :Cresols and their salts : Other? 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. ### Do e‑way bill and e‑invoice apply for Monophenols :Cresols and their salts : Other? 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. ### How much GST applies to Monophenols :Cresols and their salts : Other? Under HSN 29071290, Monophenols :Cresols and their salts : Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ### Can we claim ITC on inputs used to trade Monophenols :Cresols and their salts : Other? If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42. ### Any common misclassification issue with Monophenols :Cresols and their salts : Other? Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection. ## India's trade performance: HSN Code 29071290 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹144 Cr (+294.13% YoY) — 0.0039% of India's total exports - Imports: ₹216 Cr (+44.27% YoY) — 0.0036% of India's total imports - Trade balance: −₹72 Cr (Deficit); surplus rank #10528 of 12657 HSN codes - Share of Sub-Chapter 2907: 6.44% of its exports; import side 3.77% - Rank within Sub-Chapter 2907: #6 of 23 by export value; import-side #7 ### Key metrics - Export CAGR: 25.94% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #2204 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +294.13% in FY 2024-25 - Contribution to Sub-Ch. 2907: 6.44% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29071290 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 | 36.19 | 0.0016% | — | 2.27% | 112.61 | 0.0031% | — | 2.12% | −76.42 | #3329 | | FY 2019-20 | 102.83 | 0.0047% | +184.14% | 5.43% | 138.94 | 0.0042% | +23.38% | 3.54% | −36.11 | #1983 | | FY 2020-21 | 100.51 | 0.0047% | −2.26% | 4.71% | 274.48 | 0.0094% | +97.55% | 7.25% | −173.97 | #2063 | | FY 2021-22 | 56.49 | 0.0018% | −43.80% | 2.19% | 191.31 | 0.0042% | −30.30% | 3.10% | −134.82 | #3197 | | FY 2022-23 | 49.27 | 0.0014% | −12.78% | 2.15% | 208.10 | 0.0036% | +8.78% | 3.45% | −158.83 | #3495 | | FY 2023-24 | 36.63 | 0.0010% | −25.65% | 1.93% | 149.96 | 0.0027% | −27.94% | 3.13% | −113.33 | #3969 | | FY 2024-25 | 144.37 | 0.0039% | +294.13% | 6.44% | 216.35 | 0.0036% | +44.27% | 3.77% | −71.98 | #2204 | - CAGR (7-year): exports 25.94%/yr, imports 11.50%/yr (consistently Deficit) ## Key trade insights: HSN Code 29071290 export-import analysis ### Consistent export growth: 25.94% CAGR over 7 years India's exports under HSN Code 29071290 have grown at a compound annual rate of 25.94% over 7 fiscal years, rising from ₹36.19 Crore in FY 2018-19 to ₹144.37 Crore in FY 2024-25. ### HSN Code 29071290 ranked #2204 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29071290 ranks #2204 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #6 of 23. By trade surplus, it ranks #10528 of 12657. ### FY 2024-25 was the strongest growth year for HSN Code 29071290 exports The strongest single-year export movement for HSN Code 29071290 was recorded in FY 2024-25, when exports surged by 294.13% over the prior year. ### India records a trade deficit of ₹71.98 Crore in HSN Code 29071290 goods In FY 2024-25, India's imports of ₹216.35 Cr exceeded exports of ₹144.37 Cr, resulting in a trade deficit of ₹71.98 Crore — ranking #10528 of 12657 by surplus magnitude. ### Import growth of 11.50% CAGR signals rising demand for Monophenols :Cresols and their salts : Other India's imports under HSN Code 29071290 have grown at 11.50% CAGR, reaching ₹216.35 Crore in FY 2024-25. ### HSN Code 29071290 contributes 6.44% of Sub-Chapter 2907 exports — ranked #6 Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29071290 ranks #6 by export value — accounting for 6.44% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 3.77% share (rank #7). ## 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 (this hsn code) | ₹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 |