HSN Code 29071990: Monophenols | Other

HSN Code 29071990 represents Monophenols | Other under GST classification. This code helps businesses identify Monophenols | Other correctly for billing, taxation, and trade. With HSN Code 29071990, 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 29071990

HSN Code 29071990 relates to the following description.

Description of Goods

Monophenols : Other : 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 29071990 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 29071990 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

₹298 Cr

+13.64% vs FY 2023-24

0.0081% of India’s total exports

India’s Imports

FY 2024-25

₹457 Cr

+67.40% vs FY 2023-24

0.0075% of India’s total imports

Trade Balance

FY 2024-25

−₹158 Cr

Trade Deficit

Surplus rank #11148 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

13.30%

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

Import side: 7.95% of Sub-Chapter 2907’s imports

Rank Within Sub-Chapter 2907

FY 2024-25

#2 of 23

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

Import-side rank: #3 of 23

At a glance

17.48%

Export CAGR

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

#1450

National Export Rank

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

+41.17%

Peak Growth Year

FY 2020-21 · strongest single-year move

13.30%

Contribution to Sub-Ch. 2907

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

India Export-Import Trade Statistics for HSN Code 29071990

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 #1881

Balance

−251.73

Exports

113.43 ₹ Cr

0.0050% share

— YoY

7.10% of Sub-Ch. 2907

Imports

365.16 ₹ Cr

0.0102% share

— YoY

6.87% of Sub-Ch. 2907

FY 2019-20 Exp. Rank #1612

Balance

−296.41

Exports

145.69 ₹ Cr

0.0066% share

+28.44% YoY

7.70% of Sub-Ch. 2907

Imports

442.10 ₹ Cr

0.0132% share

+21.07% YoY

11.26% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #1335

Balance

−157.24

Exports

205.67 ₹ Cr

0.0096% share

+41.17% YoY

9.64% of Sub-Ch. 2907

Imports

362.91 ₹ Cr

0.0125% share

−17.91% YoY

9.59% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #1634

Balance

−84.52

Exports

203.82 ₹ Cr

0.0065% share

−0.90% YoY

7.88% of Sub-Ch. 2907

Imports

288.34 ₹ Cr

0.0063% share

−20.55% YoY

4.67% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #1579

Balance

−103.87

Exports

232.64 ₹ Cr

0.0064% share

+14.14% YoY

10.13% of Sub-Ch. 2907

Imports

336.51 ₹ Cr

0.0059% share

+16.71% YoY

5.58% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #1501

Balance

−10.36

Exports

262.42 ₹ Cr

0.0073% share

+12.80% YoY

13.86% of Sub-Ch. 2907

Imports

272.78 ₹ Cr

0.0049% share

−18.94% YoY

5.69% of Sub-Ch. 2907

FY 2024-25 Exp. Rank #1450

Balance

−158.41

Exports

298.22 ₹ Cr

0.0081% share

+13.64% YoY

13.30% of Sub-Ch. 2907

Imports

456.63 ₹ Cr

0.0075% share

+67.40% YoY

7.95% of Sub-Ch. 2907

CAGR · 7-Year

Exports

17.48% /yr

Imports

3.80% /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 29071990 Export-Import Analysis

Consistent Export Growth: 17.48% CAGR Over 7 Years

India's exports under HSN Code 29071990 have grown at a compound annual rate of 17.48% over 7 fiscal years, rising from ₹113.43 Crore in FY 2018-19 to ₹298.22 Crore in FY 2024-25.

HSN Code 29071990 Ranked #1450 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29071990 ranks #1450 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #2 of 23. By trade surplus, it ranks #11148 of 12657.

FY 2020-21 Was the Strongest Growth Year for HSN Code 29071990 Exports

The strongest single-year export movement for HSN Code 29071990 was recorded in FY 2020-21, when exports surged by 41.17% over the prior year.

India Records a Trade Deficit of ₹158.41 Crore in HSN Code 29071990 Goods

In FY 2024-25, India's imports of ₹456.63 Cr exceeded exports of ₹298.22 Cr, resulting in a trade deficit of ₹158.41 Crore — ranking #11148 of 12657 by surplus magnitude.

Import Growth of 3.80% CAGR Signals Stable Import Dependency for Monophenols | Other

India's imports under HSN Code 29071990 have grown at 3.80% CAGR, reaching ₹456.63 Crore in FY 2024-25.

HSN Code 29071990 Contributes 13.30% of Sub-Chapter 2907 Exports — Ranked #2

Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29071990 ranks #2 by export value — accounting for 13.30% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 7.95% share (rank #3).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29071990 and GST compliance.

What products are classified under HSN 29071990 ?

It includes Monophenols | Other

How much GST applies to Monophenols / Other?

Under HSN 29071990, Monophenols / Other attracts Varies when sold in taxable form. Describe the exact form on the invoice.

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.

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.

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.