HSN Code 29071290: Monophenols :Cresols and their salts : Other

HSN Code 29071290 represents Monophenols :Cresols and their salts : Other under GST classification. This code helps businesses identify Monophenols :Cresols and their salts : Other correctly for billing, taxation, and trade. With HSN Code 29071290, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Monophenols :Cresols and their salts : Other.

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Description of Goods for HSN Code 29071290

HSN Code 29071290 relates to the following description.

Description of Goods

Monophenols :Cresols and their salts : Other

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 29071290 not include?

Monophenols :Cresols and their salts : Other 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 29071290 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

₹144 Cr

+294.13% vs FY 2023-24

0.0039% of India’s total exports

India’s Imports

FY 2024-25

₹216 Cr

+44.27% vs FY 2023-24

0.0036% of India’s total imports

Trade Balance

FY 2024-25

−₹72 Cr

Trade Deficit

Surplus rank #10528 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

6.44%

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

Import side: 3.77% of Sub-Chapter 2907’s imports

Rank Within Sub-Chapter 2907

FY 2024-25

#6 of 23

Position by export value among HSN codes in Sub-Chapter 2907

Import-side rank: #7 of 23

At a glance

25.94%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#2204

National Export Rank

of 12657 HSN codes by export value, FY 2024-25

+294.13%

Peak Growth Year

FY 2024-25 · strongest single-year move

6.44%

Contribution to Sub-Ch. 2907

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

India Export-Import Trade Statistics for 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 2018-19 Exp. Rank #3329

Balance

−76.42

Exports

36.19 ₹ Cr

0.0016% share

— YoY

2.27% of Sub-Ch. 2907

Imports

112.61 ₹ Cr

0.0031% share

— YoY

2.12% of Sub-Ch. 2907

FY 2019-20 Exp. Rank #1983

Balance

−36.11

Exports

102.83 ₹ Cr

0.0047% share

+184.14% YoY

5.43% of Sub-Ch. 2907

Imports

138.94 ₹ Cr

0.0042% share

+23.38% YoY

3.54% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #2063

Balance

−173.97

Exports

100.51 ₹ Cr

0.0047% share

−2.26% YoY

4.71% of Sub-Ch. 2907

Imports

274.48 ₹ Cr

0.0094% share

+97.55% YoY

7.25% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #3197

Balance

−134.82

Exports

56.49 ₹ Cr

0.0018% share

−43.80% YoY

2.19% of Sub-Ch. 2907

Imports

191.31 ₹ Cr

0.0042% share

−30.30% YoY

3.10% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #3495

Balance

−158.83

Exports

49.27 ₹ Cr

0.0014% share

−12.78% YoY

2.15% of Sub-Ch. 2907

Imports

208.10 ₹ Cr

0.0036% share

+8.78% YoY

3.45% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #3969

Balance

−113.33

Exports

36.63 ₹ Cr

0.0010% share

−25.65% YoY

1.93% of Sub-Ch. 2907

Imports

149.96 ₹ Cr

0.0027% share

−27.94% YoY

3.13% of Sub-Ch. 2907

FY 2024-25 Exp. Rank #2204

Balance

−71.98

Exports

144.37 ₹ Cr

0.0039% share

+294.13% YoY

6.44% of Sub-Ch. 2907

Imports

216.35 ₹ Cr

0.0036% share

+44.27% YoY

3.77% of Sub-Ch. 2907

CAGR · 7-Year

Exports

25.94% /yr

Imports

11.50% /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 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).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29071290 and GST compliance.

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.

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.