HSN Code 29071590: Monophenols : Naphthols and their salts : Other

HSN Code 29071590 represents Monophenols : Naphthols and their salts : Other under GST classification. This code helps businesses identify Monophenols : Naphthols and their salts : Other correctly for billing, taxation, and trade. With HSN Code 29071590, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Monophenols : Naphthols and their salts : Other.

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Description of Goods for HSN Code 29071590

HSN Code 29071590 relates to the following description.

Description of Goods

Monophenols : Naphthols 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 29071590 not include?

Monophenols : Naphthols 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 29071590 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

₹1 Cr

−69.40% vs FY 2023-24

0.0000% of India’s total exports

India’s Imports

FY 2024-25

₹60 Cr

+28.30% vs FY 2023-24

0.0010% of India’s total imports

Trade Balance

FY 2024-25

−₹59 Cr

Trade Deficit

Surplus rank #10368 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

0.06%

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

Import side: 1.05% of Sub-Chapter 2907’s imports

Rank Within Sub-Chapter 2907

FY 2024-25

#18 of 23

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

Import-side rank: #12 of 23

At a glance

−13.78%

Export CAGR

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

#7949

National Export Rank

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

+84.82%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.06%

Contribution to Sub-Ch. 2907

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

India Export-Import Trade Statistics for HSN Code 29071590

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 #6336

Balance

−55.85

Exports

3.36 ₹ Cr

0.0001% share

— YoY

0.21% of Sub-Ch. 2907

Imports

59.21 ₹ Cr

0.0017% share

— YoY

1.11% of Sub-Ch. 2907

FY 2019-20 Exp. Rank #5587

Balance

−55.02

Exports

6.21 ₹ Cr

0.0003% share

+84.82% YoY

0.33% of Sub-Ch. 2907

Imports

61.23 ₹ Cr

0.0018% share

+3.41% YoY

1.56% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #6591

Balance

−49.15

Exports

2.92 ₹ Cr

0.0001% share

−52.98% YoY

0.14% of Sub-Ch. 2907

Imports

52.07 ₹ Cr

0.0018% share

−14.96% YoY

1.38% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #6901

Balance

−98.43

Exports

3.00 ₹ Cr

0.0001% share

+2.74% YoY

0.12% of Sub-Ch. 2907

Imports

101.43 ₹ Cr

0.0022% share

+94.80% YoY

1.64% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #6533

Balance

−46.12

Exports

4.66 ₹ Cr

0.0001% share

+55.33% YoY

0.20% of Sub-Ch. 2907

Imports

50.78 ₹ Cr

0.0009% share

−49.94% YoY

0.84% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #6695

Balance

−42.42

Exports

4.51 ₹ Cr

0.0001% share

−3.22% YoY

0.24% of Sub-Ch. 2907

Imports

46.93 ₹ Cr

0.0008% share

−7.58% YoY

0.98% of Sub-Ch. 2907

FY 2024-25 Exp. Rank #7949

Balance

−58.83

Exports

1.38 ₹ Cr

0.0000% share

−69.40% YoY

0.06% of Sub-Ch. 2907

Imports

60.21 ₹ Cr

0.0010% share

+28.30% YoY

1.05% of Sub-Ch. 2907

CAGR · 7-Year

Exports

−13.78% /yr

Imports

0.28% /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 29071590 Export-Import Analysis

Export Decline: −13.78% CAGR Over 7 Years

India's exports under HSN Code 29071590 have declined at a compound annual rate of −13.78% over 7 fiscal years, falling from ₹3.36 Crore in FY 2018-19 to ₹1.38 Crore in FY 2024-25.

HSN Code 29071590 Ranked #7949 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29071590 ranks #7949 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #18 of 23. By trade surplus, it ranks #10368 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 29071590 Exports

The strongest single-year export movement for HSN Code 29071590 was recorded in FY 2019-20, when exports surged by 84.82% over the prior year.

India Records a Trade Deficit of ₹58.83 Crore in HSN Code 29071590 Goods

In FY 2024-25, India's imports of ₹60.21 Cr exceeded exports of ₹1.38 Cr, resulting in a trade deficit of ₹58.83 Crore — ranking #10368 of 12657 by surplus magnitude.

Import Growth of 0.28% CAGR Signals Stable Import Dependency for Monophenols : Naphthols and their salts : Other

India's imports under HSN Code 29071590 have grown at 0.28% CAGR, reaching ₹60.21 Crore in FY 2024-25.

HSN Code 29071590 Contributes 0.06% of Sub-Chapter 2907 Exports — Ranked #18

Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29071590 ranks #18 by export value — accounting for 0.06% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.05% share (rank #12).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29071590 and GST compliance.

What products are classified under HSN 29071590 ?

It includes Monophenols : Naphthols and their salts : Other

Does packaging or labelling change the GST for Monophenols : Naphthols 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.

Any common misclassification issue with Monophenols : Naphthols 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.

How should mixed supplies be billed when Monophenols : Naphthols and their salts : Other is sold with other items?

Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Monophenols : Naphthols and their salts : Other; Nil for exempt items if applicable).

Can we claim ITC on inputs used to trade Monophenols : Naphthols 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.

How much GST applies to Monophenols : Naphthols and their salts : Other?

Under HSN 29071590, Monophenols : Naphthols and their salts : Other 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.