HSN Code 29071930: Monophenols | Other

HSN Code 29071930 represents Monophenols | Other under GST classification. This code helps businesses identify Monophenols | Other correctly for billing, taxation, and trade. With HSN Code 29071930, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Monophenols | Other.

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Description of Goods for HSN Code 29071930

HSN Code 29071930 relates to the following description.

Description of Goods

Monophenols : Other : Thymol

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 29071930 not include?

Monophenols | 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 29071930 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

₹79 Cr

+40.05% vs FY 2023-24

0.0021% of India’s total exports

India’s Imports

FY 2024-25

< ₹1 Crore

+13.43% vs FY 2023-24

0.0000% of India’s total imports

Trade Balance

FY 2024-25

₹78 Cr

Trade Surplus

Surplus rank #1785 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

3.51%

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

Import side: 0.01% of Sub-Chapter 2907’s imports

Rank Within Sub-Chapter 2907

FY 2024-25

#10 of 23

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

Import-side rank: #21 of 23

At a glance

9.81%

Export CAGR

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

#2995

National Export Rank

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

+292.67%

Peak Growth Year

FY 2020-21 · strongest single-year move

3.51%

Contribution to Sub-Ch. 2907

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

India Export-Import Trade Statistics for HSN Code 29071930

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 #3016

Balance

+42.98

Exports

44.93 ₹ Cr

0.0020% share

— YoY

2.81% of Sub-Ch. 2907

Imports

1.95 ₹ Cr

0.0001% share

— YoY

0.04% of Sub-Ch. 2907

FY 2019-20 Exp. Rank #2563

Balance

+62.54

Exports

63.88 ₹ Cr

0.0029% share

+42.18% YoY

3.37% of Sub-Ch. 2907

Imports

1.34 ₹ Cr

0.0000% share

−31.28% YoY

0.03% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #1170

Balance

+244.69

Exports

250.84 ₹ Cr

0.0117% share

+292.67% YoY

11.75% of Sub-Ch. 2907

Imports

6.15 ₹ Cr

0.0002% share

+358.96% YoY

0.16% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #2478

Balance

+93.51

Exports

95.32 ₹ Cr

0.0030% share

−62.00% YoY

3.69% of Sub-Ch. 2907

Imports

1.81 ₹ Cr

0.0000% share

−70.57% YoY

0.03% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #2825

Balance

+80.26

Exports

81.36 ₹ Cr

0.0022% share

−14.65% YoY

3.54% of Sub-Ch. 2907

Imports

1.10 ₹ Cr

0.0000% share

−39.23% YoY

0.02% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #3358

Balance

+55.59

Exports

56.26 ₹ Cr

0.0016% share

−30.85% YoY

2.97% of Sub-Ch. 2907

Imports

< ₹1 Crore ₹ Cr

0.0000% share

−39.09% YoY

0.01% of Sub-Ch. 2907

FY 2024-25 Exp. Rank #2995

Balance

+78.03

Exports

78.79 ₹ Cr

0.0021% share

+40.05% YoY

3.51% of Sub-Ch. 2907

Imports

< ₹1 Crore ₹ Cr

0.0000% share

+13.43% YoY

0.01% of Sub-Ch. 2907

CAGR · 7-Year

Exports

9.81% /yr

Imports

−14.53% /yr

Consistently Surplus
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 29071930 Export-Import Analysis

Consistent Export Growth: 9.81% CAGR Over 7 Years

India's exports under HSN Code 29071930 have grown at a compound annual rate of 9.81% over 7 fiscal years, rising from ₹44.93 Crore in FY 2018-19 to ₹78.79 Crore in FY 2024-25.

HSN Code 29071930 Ranked #2995 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29071930 ranks #2995 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #10 of 23. By trade surplus, it ranks #1785 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29071930 Exports

The strongest single-year export movement for HSN Code 29071930 was recorded in FY 2020-21, when exports surged by 292.67% over the prior year.

India Maintains a Trade Surplus of ₹78.03 Crore in HSN Code 29071930 Goods

In FY 2024-25, India's exports of ₹78.79 Cr exceeded imports of ₹0.76 Cr, resulting in a trade surplus of ₹78.03 Crore — ranking #1785 of 12657 by surplus magnitude.

Import Growth of −14.53% CAGR Signals Stable Import Dependency for Monophenols | Other

India's imports under HSN Code 29071930 have grown at −14.53% CAGR, reaching ₹0.76 Crore in FY 2024-25.

HSN Code 29071930 Contributes 3.51% of Sub-Chapter 2907 Exports — Ranked #10

Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29071930 ranks #10 by export value — accounting for 3.51% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.01% share (rank #21).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29071930 and GST compliance.

What products are classified under HSN 29071930 ?

It includes Monophenols | Other

Can we claim ITC on inputs used to trade Monophenols / 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 / Other?

Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.

Do e‑way bill and e‑invoice apply for Monophenols / 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 should mixed supplies be billed when Monophenols / Other is sold with other items?

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

Does packaging or labelling change the GST for Monophenols / 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.

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.