--- title: "HSN Code for Polyphenols ; phenol-alcohols :Other :Other | HSN 29072990 GST Rate" description: "Find HSN and GST Rates for 29072990 related to Polyphenols ; phenol-alcohols :Other :Other with BUSY Accounting - The reliable source for HSN and GST details in India." canonical: "https://busy.in/hsn/hsn-29072990/" --- # HSN Code 29072990: Polyphenols ; phenol-alcohols :Other :Other - [Section 06: Guide to HSN Section 06](https://busy.in/hsn/section-06/) - [Chapter 29: Organic Chemicals](https://busy.in/hsn/chapter-29/) - [Sub-chapter 2907: Phenols & derivatives](https://busy.in/hsn/sub-chapter-2907/) ## GST rates | Description | CGST | SGST | IGST | CESS | | --- | --- | --- | --- | --- | | Polyphenols ; phenol-alcohols :Other :Other | 9% | 9% | 18% | 0% | ## Frequently asked questions ### What products are classified under HSN 29072990 ? It includes Polyphenols ; phenol-alcohols :Other :Other ### Can we claim ITC on inputs used to trade Polyphenols ; phenol-alcohols :Other :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 should mixed supplies be billed when Polyphenols ; phenol-alcohols :Other :Other is sold with other items? Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Polyphenols ; phenol-alcohols :Other :Other; Nil for exempt items if applicable). ### Do e‑way bill and e‑invoice apply for Polyphenols ; phenol-alcohols :Other :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. ### Does packaging or labelling change the GST for Polyphenols ; phenol-alcohols :Other :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. ### How much GST applies to Polyphenols ; phenol-alcohols :Other :Other? Under HSN 29072990, Polyphenols ; phenol-alcohols :Other :Other attracts Varies when sold in taxable form. Describe the exact form on the invoice. ## India's trade performance: HSN Code 29072990 (FY 2024-25) Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25). - Exports: ₹464 Cr (+19.07% YoY) — 0.0126% of India's total exports - Imports: ₹103 Cr (−3.72% YoY) — 0.0017% of India's total imports - Trade balance: ₹362 Cr (Surplus); surplus rank #806 of 12657 HSN codes - Share of Sub-Chapter 2907: 20.70% of its exports; import side 1.79% - Rank within Sub-Chapter 2907: #1 of 23 by export value; import-side #10 ### Key metrics - Export CAGR: -1.01% (FY 2018-19 to FY 2024-25, 7 fiscal years) - National export rank: #1067 of 12657 HSN codes by export value (FY 2024-25) - Peak growth year: +33.26% in FY 2021-22 - Contribution to Sub-Ch. 2907: 20.70% of its exports (FY 2024-25) ## India export-import trade statistics: HSN Code 29072990 7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB. | FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Sub-Ch. 2907 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Sub-Ch. 2907 | Trade balance | Exp rank | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | FY 2018-19 | 493.51 | 0.0216% | — | 30.91% | 274.29 | 0.0077% | — | 5.16% | +219.22 | #662 | | FY 2019-20 | 447.05 | 0.0203% | −9.41% | 23.62% | 238.55 | 0.0071% | −13.03% | 6.08% | +208.50 | #716 | | FY 2020-21 | 426.55 | 0.0198% | −4.59% | 19.99% | 220.00 | 0.0076% | −7.78% | 5.81% | +206.55 | #789 | | FY 2021-22 | 568.43 | 0.0181% | +33.26% | 21.99% | 128.67 | 0.0028% | −41.51% | 2.08% | +439.76 | #769 | | FY 2022-23 | 555.72 | 0.0153% | −2.24% | 24.20% | 132.44 | 0.0023% | +2.93% | 2.19% | +423.28 | #851 | | FY 2023-24 | 389.88 | 0.0108% | −29.84% | 20.59% | 106.53 | 0.0019% | −19.56% | 2.22% | +283.35 | #1173 | | FY 2024-25 | 464.23 | 0.0126% | +19.07% | 20.70% | 102.57 | 0.0017% | −3.72% | 1.79% | +361.66 | #1067 | - CAGR (7-year): exports -1.01%/yr, imports -15.12%/yr (consistently Surplus) ## Key trade insights: HSN Code 29072990 export-import analysis ### Export decline: -1.01% CAGR over 7 years India's exports under HSN Code 29072990 have declined at a compound annual rate of -1.01% over 7 fiscal years, falling from ₹493.51 Crore in FY 2018-19 to ₹464.23 Crore in FY 2024-25. ### HSN Code 29072990 ranked #1067 among all 12657 HSN codes by export value In FY 2024-25, HSN Code 29072990 ranks #1067 out of 12657 HSN codes by total export value. Within Sub-Chapter 2907, it ranks #1 of 23. By trade surplus, it ranks #806 of 12657. ### FY 2021-22 was the strongest growth year for HSN Code 29072990 exports The strongest single-year export movement for HSN Code 29072990 was recorded in FY 2021-22, when exports surged by 33.26% over the prior year. ### India maintains a trade surplus of ₹361.66 Crore in HSN Code 29072990 goods In FY 2024-25, India's exports of ₹464.23 Cr exceeded imports of ₹102.57 Cr, resulting in a trade surplus of ₹361.66 Crore — ranking #806 of 12657 by surplus magnitude. ### Import growth of -15.12% CAGR signals stable import dependency for Polyphenols ; phenol-alcohols :Other :Other India's imports under HSN Code 29072990 have grown at -15.12% CAGR, reaching ₹102.57 Crore in FY 2024-25. ### HSN Code 29072990 contributes 20.70% of Sub-Chapter 2907 exports — ranked #1 Among the 23 HSN codes under Sub-Chapter 2907, HSN Code 29072990 ranks #1 by export value — accounting for 20.70% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 1.79% share (rank #10). ## Related HSN Codes in Sub-Chapter 2907 Ranked by export value (FY 2024-25). | Rank | HSN Code | Exports (FY 2024-25) | | --- | --- | --- | | #1 | HSN Code 29072990: Polyphenols ; phenol-alcohols :Other :Other (this hsn code) | ₹464 Cr | | #2 | [HSN Code 29071990: Monophenols \| Other](https://busy.in/hsn/hsn-29071990/) | ₹298 Cr | | #3 | [HSN Code 29072930: Tertiary butyl hydroquinone](https://busy.in/hsn/hsn-29072930/) | ₹259 Cr | | #4 | [HSN Code 29071210: Monophenols: Para cresols (p-cresols)](https://busy.in/hsn/hsn-29071210/) | ₹252 Cr | | #5 | [HSN Code 29071110: Pure Carbolic Acid (Phenol)](https://busy.in/hsn/hsn-29071110/) | ₹162 Cr | | #6 | [HSN Code 29071290: Monophenols :Cresols and their salts : Other](https://busy.in/hsn/hsn-29071290/) | ₹144 Cr | | #7 | [HSN Code 29072100: Resorcinol and its salts](https://busy.in/hsn/hsn-29072100/) | ₹122 Cr | | #8 | [HSN Code 29072200: Hydroquinone and its salts](https://busy.in/hsn/hsn-29072200/) | ₹93 Cr | | #9 | [HSN Code 29071190: Other monophenols](https://busy.in/hsn/hsn-29071190/) | ₹87 Cr | | #10 | [HSN Code 29071930: Monophenols \| Other](https://busy.in/hsn/hsn-29071930/) | ₹79 Cr |