HSN Code 29071950: Monophenols | Other

HSN Code 29071950 represents Monophenols | Other under GST classification. This code helps businesses identify Monophenols | Other correctly for billing, taxation, and trade. With HSN Code 29071950, 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 29071950

HSN Code 29071950 relates to the following description.

Description of Goods

Monophenols : Other : Alkyl phenols

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 29071950 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 29071950 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

₹4 Cr

+26.51% vs FY 2023-24

0.0001% of India’s total exports

India’s Imports

FY 2024-25

₹5 Cr

−34.01% vs FY 2023-24

0.0001% of India’s total imports

Trade Balance

FY 2024-25

−₹1 Cr

Trade Deficit

Surplus rank #8048 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

0.17%

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

Import side: 0.09% of Sub-Chapter 2907’s imports

Rank Within Sub-Chapter 2907

FY 2024-25

#17 of 23

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

Import-side rank: #17 of 23

At a glance

−10.73%

Export CAGR

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

#6943

National Export Rank

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

+97.58%

Peak Growth Year

FY 2019-20 · strongest single-year move

0.17%

Contribution to Sub-Ch. 2907

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

India Export-Import Trade Statistics for HSN Code 29071950

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 #5368

Balance

−1.96

Exports

7.45 ₹ Cr

0.0003% share

— YoY

0.47% of Sub-Ch. 2907

Imports

9.41 ₹ Cr

0.0003% share

— YoY

0.18% of Sub-Ch. 2907

FY 2019-20 Exp. Rank #4521

Balance

−23.87

Exports

14.72 ₹ Cr

0.0007% share

+97.58% YoY

0.78% of Sub-Ch. 2907

Imports

38.59 ₹ Cr

0.0012% share

+310.10% YoY

0.98% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #4965

Balance

−17.23

Exports

10.83 ₹ Cr

0.0005% share

−26.43% YoY

0.51% of Sub-Ch. 2907

Imports

28.06 ₹ Cr

0.0010% share

−27.29% YoY

0.74% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #4661

Balance

−10.31

Exports

19.04 ₹ Cr

0.0006% share

+75.81% YoY

0.74% of Sub-Ch. 2907

Imports

29.35 ₹ Cr

0.0006% share

+4.60% YoY

0.48% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #5536

Balance

−2.69

Exports

10.77 ₹ Cr

0.0003% share

−43.43% YoY

0.47% of Sub-Ch. 2907

Imports

13.46 ₹ Cr

0.0002% share

−54.14% YoY

0.22% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #7150

Balance

−4.93

Exports

2.98 ₹ Cr

0.0001% share

−72.33% YoY

0.16% of Sub-Ch. 2907

Imports

7.91 ₹ Cr

0.0001% share

−41.23% YoY

0.17% of Sub-Ch. 2907

FY 2024-25 Exp. Rank #6943

Balance

−1.45

Exports

3.77 ₹ Cr

0.0001% share

+26.51% YoY

0.17% of Sub-Ch. 2907

Imports

5.22 ₹ Cr

0.0001% share

−34.01% YoY

0.09% of Sub-Ch. 2907

CAGR · 7-Year

Exports

−10.73% /yr

Imports

−9.35% /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 29071950 Export-Import Analysis

Export Decline: −10.73% CAGR Over 7 Years

India's exports under HSN Code 29071950 have declined at a compound annual rate of −10.73% over 7 fiscal years, falling from ₹7.45 Crore in FY 2018-19 to ₹3.77 Crore in FY 2024-25.

HSN Code 29071950 Ranked #6943 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29071950 ranks #6943 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #17 of 23. By trade surplus, it ranks #8048 of 12657.

FY 2019-20 Was the Strongest Growth Year for HSN Code 29071950 Exports

The strongest single-year export movement for HSN Code 29071950 was recorded in FY 2019-20, when exports surged by 97.58% over the prior year.

India Records a Trade Deficit of ₹1.45 Crore in HSN Code 29071950 Goods

In FY 2024-25, India's imports of ₹5.22 Cr exceeded exports of ₹3.77 Cr, resulting in a trade deficit of ₹1.45 Crore — ranking #8048 of 12657 by surplus magnitude.

Import Growth of −9.35% CAGR Signals Stable Import Dependency for Monophenols | Other

India's imports under HSN Code 29071950 have grown at −9.35% CAGR, reaching ₹5.22 Crore in FY 2024-25.

HSN Code 29071950 Contributes 0.17% of Sub-Chapter 2907 Exports — Ranked #17

Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29071950 ranks #17 by export value — accounting for 0.17% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 0.09% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29071950 and GST compliance.

What products are classified under HSN 29071950 ?

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.

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 much GST applies to Monophenols / Other?

Under HSN 29071950, Monophenols / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.