HSN Code 29072200: Hydroquinone and its salts

HSN Code 29072200 represents Hydroquinone and its salts under GST classification. This code helps businesses identify Hydroquinone and its salts correctly for billing, taxation, and trade. With HSN Code 29072200, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Hydroquinone and its salts.

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Description of Goods for HSN Code 29072200

HSN Code 29072200 relates to the following description.

Description of Goods

Polyphenols ; phenol-alcohols : Hydroquinone (quinol) and its salts

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 29072200 not include?

Hydroquinone and its salts 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 29072200 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

₹93 Cr

−9.31% vs FY 2023-24

0.0025% of India’s total exports

India’s Imports

FY 2024-25

₹329 Cr

−0.19% vs FY 2023-24

0.0054% of India’s total imports

Trade Balance

FY 2024-25

−₹237 Cr

Trade Deficit

Surplus rank #11432 of 12657 HSN codes

% of Sub-Chapter 2907

FY 2024-25

4.13%

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

Import side: 5.74% of Sub-Chapter 2907’s imports

Rank Within Sub-Chapter 2907

FY 2024-25

#8 of 23

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

Import-side rank: #4 of 23

At a glance

1.55%

Export CAGR

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

#2759

National Export Rank

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

+54.48%

Peak Growth Year

FY 2022-23 · strongest single-year move

4.13%

Contribution to Sub-Ch. 2907

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

India Export-Import Trade Statistics for HSN Code 29072200

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 #2218

Balance

−310.19

Exports

84.44 ₹ Cr

0.0037% share

— YoY

5.29% of Sub-Ch. 2907

Imports

394.63 ₹ Cr

0.0110% share

— YoY

7.43% of Sub-Ch. 2907

FY 2019-20 Exp. Rank #2257

Balance

−313.42

Exports

81.25 ₹ Cr

0.0037% share

−3.78% YoY

4.29% of Sub-Ch. 2907

Imports

394.67 ₹ Cr

0.0118% share

+0.01% YoY

10.05% of Sub-Ch. 2907

FY 2020-21 Exp. Rank #2467

Balance

−257.48

Exports

70.18 ₹ Cr

0.0033% share

−13.62% YoY

3.29% of Sub-Ch. 2907

Imports

327.66 ₹ Cr

0.0112% share

−16.98% YoY

8.66% of Sub-Ch. 2907

FY 2021-22 Exp. Rank #2340

Balance

−244.21

Exports

105.51 ₹ Cr

0.0034% share

+50.34% YoY

4.08% of Sub-Ch. 2907

Imports

349.72 ₹ Cr

0.0077% share

+6.73% YoY

5.67% of Sub-Ch. 2907

FY 2022-23 Exp. Rank #1950

Balance

−416.01

Exports

162.99 ₹ Cr

0.0045% share

+54.48% YoY

7.10% of Sub-Ch. 2907

Imports

579.00 ₹ Cr

0.0101% share

+65.56% YoY

9.60% of Sub-Ch. 2907

FY 2023-24 Exp. Rank #2553

Balance

−227.77

Exports

102.13 ₹ Cr

0.0028% share

−37.34% YoY

5.39% of Sub-Ch. 2907

Imports

329.90 ₹ Cr

0.0059% share

−43.02% YoY

6.88% of Sub-Ch. 2907

FY 2024-25 Exp. Rank #2759

Balance

−236.64

Exports

92.62 ₹ Cr

0.0025% share

−9.31% YoY

4.13% of Sub-Ch. 2907

Imports

329.26 ₹ Cr

0.0054% share

−0.19% YoY

5.74% of Sub-Ch. 2907

CAGR · 7-Year

Exports

1.55% /yr

Imports

−2.97% /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 29072200 Export-Import Analysis

Consistent Export Growth: 1.55% CAGR Over 7 Years

India's exports under HSN Code 29072200 have grown at a compound annual rate of 1.55% over 7 fiscal years, rising from ₹84.44 Crore in FY 2018-19 to ₹92.62 Crore in FY 2024-25.

HSN Code 29072200 Ranked #2759 Among All 12657 HSN codes by Export Value

In FY 2024-25, HSN Code 29072200 ranks #2759 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #8 of 23. By trade surplus, it ranks #11432 of 12657.

FY 2022-23 Was the Strongest Growth Year for HSN Code 29072200 Exports

The strongest single-year export movement for HSN Code 29072200 was recorded in FY 2022-23, when exports surged by 54.48% over the prior year.

India Records a Trade Deficit of ₹236.64 Crore in HSN Code 29072200 Goods

In FY 2024-25, India's imports of ₹329.26 Cr exceeded exports of ₹92.62 Cr, resulting in a trade deficit of ₹236.64 Crore — ranking #11432 of 12657 by surplus magnitude.

Import Growth of −2.97% CAGR Signals Stable Import Dependency for Hydroquinone and its salts

India's imports under HSN Code 29072200 have grown at −2.97% CAGR, reaching ₹329.26 Crore in FY 2024-25.

HSN Code 29072200 Contributes 4.13% of Sub-Chapter 2907 Exports — Ranked #8

Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29072200 ranks #8 by export value — accounting for 4.13% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 5.74% share (rank #4).

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Frequently Asked Questions

Clear answers to common queries about HSN Code 29072200 and GST compliance.

What products are classified under HSN 29072200 ?

It includes Hydroquinone and its salts

Can we claim ITC on inputs used to trade Hydroquinone and its salts?

If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.

Does packaging or labelling change the GST for Hydroquinone and its salts?

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 Hydroquinone and its salts?

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 Hydroquinone and its salts?

Under HSN 29072200, Hydroquinone and its salts attracts Varies when sold in taxable form. Describe the exact form on the invoice.

How should mixed supplies be billed when Hydroquinone and its salts is sold with other items?

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

Any common misclassification issue with Hydroquinone and its salts?

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.